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Thursday, December 14, 2017 2:28:23 AM
Two additional great reasons to be excited for TGIF's sp
There are two important and near term opportunities for TGIF to get insitutional money that you need to know and remember which can really give another boost in sp.
1. Cannabis Growth Opportunity Corporation files for $75M IPO – For those who have not read this NR, read the link below. The $75 million from the IPO will be invested by none other than Bruce Campbell from Stone Castle. As you should know, Bruce invested $800,000 of his personal money into TGIF just a few months ago on a special $1 million PP just for him (management contributed the other $200,000). You will see in the NR that TGIF is included amongst the top and biggest MJ companies around so they will get a piece of this money.
https://privatecapitaljournal.com/cannabis-growth-opportunity-corporation-files-75m-ipo/
2. The NYSE will be launching its first Marijuana ETF on December 26th and TGIF will be a prime candidate to get some of that money. The only criteria is that the MJ companies need to be greater than $50 million in market cap and at least $1 in order to be investable by the ETF. So you can bet that TGIF management will have every incentive to get the price above $1 to qualify. I am getting quite confident that we will see $1 after the financials release based on the volume we’ve seen of late and especially today.
https://news.vice.com/story/the-new-york-stock-exchange-is-getting-its-first-weed-fund
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