Friday, March 16, 2018 9:09:04 AM
"The opportunity for Lesotho’s economy to become a supplier of medical cannabis and ancillary services to other countries in Africa where medical cannabis laws are in the works – such as Ghana, South Africa, Zambia, Zimbabwe and Swaziland – is “transformative,” industry officials said."
https://mjbizdaily.com/tiny-lesotho-looks-become-african-staging-ground-medical-marijuana-businesses/
Significance of Lesotho? It's a tiny landlocked country located within the South African boarder!
Make no mistake about it. Medical marijuana is coming to South Africa. Patience is required as these things take time to get the legal framework around ect. It's not as easy as some people think to reverse nearly 100 years of prohibition. It's all currently in motion and all one needs to do is look at the landscape around TXTM and what is happening in South Africa currently through its economic revitalisation efforts.
Oh, and don't forget the combined TXTM / groproces company will have a European Operation starting "this spring" where pharma grade CBD will start to be produced.
The sector will once again be back in the spotlight in mid April - July when marijuana investment takes front stage again as Canada comes online with full recreational sales July 1! The whole sector will be back in the spotlight and $TXTM will be coming to market with some pretty incredible opportunity for growth in a industry where they potentially are first to market within a large economic engine like South Africa?
That's why I continue to accumulate and have never sold a single share of TXTM! To me the valuation of the upcoming ICO gives this company a .01 - .02 share price. Aside from the push to a real producing company... The story and subsequent execution will be where all the significant money is made and those with a little foresight will be ready to profit. There are plenty more companies that will go 1000x this year with the current market. I can see a path for TXTM to accomplish something in the 100x range from here giving them a value of around 400 mil. Which. If the CBD production comes online in Slovenia, South African Licence is granted, and the Phytocoin brings success to the company and future business relationships... Then I would say that valuation would easily be in line with its growth prospectus. Until then we speculate...
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