CNBX Pharmaceuticals Inc (CNBX)

[jim992]

YAII PN deal was made back on May 2nd. It allows YAII PN to buy up to 10 million dollars worth of shares at a 2% discount below market value over the next 36 months.

The 74 cent sale this week was part of that deal and the price was the 2% below market value price. This had all gone through the regulatory scrutiny of a sale of this type months before the Seedo deal but may have made the Seedo deal more alluring to both parties and helped make it possible.

The amount of money CNBX is having thrown at it over the past months makes a lot of things more possible for them and CNBX more alluring to investors. Investors like to invest where they see others heading... the classic Fear Of Missing Out model of investing.

We are not seeing these dollars in the PPS because of the way they are accepting the money, but when a single investment is ten million, suffice it to say big investors are taking notice of CNBX and trying to get in before the PPS takes off.

The link to the May 2nd release about the sale is below.

Take care, Jim

https://www.prnewswire.com/news-releases/cannabics-pharmaceuticals-announces-collaboration-with-life-source-partners-ceo-muriel-zohar-to-optimize-technology-applications-and-evaluate-new-opportunities-681496381.html