InvestorsHub Logo
Followers 10
Posts 804
Boards Moderated 0
Alias Born 01/06/2017

Re: Smallville post# 123976

Friday, 12/22/2017 1:56:55 AM

Friday, December 22, 2017 1:56:55 AM

Post# of 203913
The market is not yet red hot. CNBX has been trading at just over $1. It’s the other Israeli pharma company. The rule of thumb is that CNBX trades at 2x OCWP. So at this time, it’s just a little above that mark.

As such it’s not such a red hot market, the waves of the bull market hit pharmaceuticals last but it hits them powerfully.

I’m staying, the company is fiscally responsible, no debt, doing all of their due diligence, taking steps to protect their IP worldwide, and fundamentally taking steps for Royalties from Europe, Canada, US and Australia.