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Replies to post #3330 on Healthy Extracts Inc (HYEX)
nvidiaforgames
10/05/17 9:31 PM
#3331 RE: The Whale #3330
The market reaction to the acquisition of Eqova Life Sciences was very favorable trading up 132% on Friday. The size of the Cannabinoid (CBD) products market is expected to reach $2.1 Billion by 2020 according to the Hemp Business Journal. This means there is still a lot of opportunity for innovative startups like Eqova. When companies enter a market that is growing so large and so fast, entrepreneurs can lose sight of their focus. The pending acquisition of Eqova Life Sciences by Grey Cloak Technology (GRCK) due to close on October 10th seems like an ideal union that will provide capital markets liquidity to a startup company focused on the medical practitioner market. The question on investor’s minds is how well can they execute on their business model and is it viable? After conducting a little due diligence the answer appears to be in the team they assembled. This team seem to be laser focused in targeting the niche market of medical practitioners that buy everything from nutraceuticals to cannabis.
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