Objective Fact Snapshot 15 Canada Cannabis Stock Volume leaders on Canadian markets (Canadian Stock Exchange, TSX Venture) as of 11:17AM EST 10/1/18 -
The market was open for 1 hour and 47 minutes and of the 15 largest volume Cannabis connected stocks over 38,000,000 38 million shares traded hands in that time frame.`With a value of over $1.1 BILLION dollars. In 107 minutes.
Like $EVIO these 15 stocks are all cash flowing legit deals. Contrast that atmosphere to the OTCQB where $EVIO currently trades and im not going to do the actual breakdown like for Canada, but as users of this board will likely be aware of, the majority of the Cannabis deals on the OTC and trading in the US are Hot Garbage, Shells, promos, multi share dilutiuons into the billions, huge volumes trades going for 1/100ths of a cent. Not a place where anyone with a mortgage and an eye to the future is going to being laying out large investment coin, typically.
Thats the place $EVIO has been quarantined for 3 years now. Living with Hot Garbage all around them everyday.
$EVIO is in a time frame today, from submission of their prospectus to the Canadian SEC, of now being in a window where going live and trading on this voracious market into these Canadian traders who have access to every other type of deal in Cannabis EXCEPT a lab play - are going to be RAVENOUS for the EVIO Labs narrative in their portfolio.
This is my best guess as to whats happening now with volume trending up and big bids flashing up every couple of hours for the past couple of weeks.
The prelim prospectus is likely looking good in Canada. Likely the whispers are the preliminary is good and everyone knows the "final prospectus" is just rubber stamping. Anything "ugly" happens during the preliminary process. Those whispers are getting out and people are loading up as much as they can buy quietly on the OTC.
Canada stock traders over the past 10 years have been shifting their portfolios for the most part into TFSA accounts. Their IRA/ROTH equivalent. The problem for $EVIO has been that OTC traded stocks are NOT eligible to be traded in TFSA accounts if the equity ($EVIO) is not crosslisted/trading on a recognized Canadian exchange. OR a recognized international equivalent Frankfurt, Hong Kong...etc
Canadians CAN trade in $EVIO now, buying from the OTC in US$, no problem. But as a percentage of the overall retail market, this group is VERY tiny. Mostly legacy traders from the pre-TFSA accounts, some day traders and mostly that subset of lunatics who love them some penny stocks, yee hah! Also the many many many outright frauds - especially in the 2000-2010 era actually pushed many of the Popular! Canadian trading platforms to just ban any trading of an otc/pink deal that isnt cross listed somewhere that has regulatory/ reporting structure aligned more with the Canadian laws than the wild west of the OTC.
the Thinking being, yeah YOUR specific deal may be just fine, but the other ten are just hot garbage and the fallout of angry everybody, due diligence, SEC involvement at some point, fraud etc was just too likely so why bother at all, kind of thinking.
Summary: Canadian stock investors interested in having a lab play in their portfolio will now have that opportunity. The "regulations" narrative will appeal strongly to the narrow Canaidan mindset of government knows best. The deals alongside will be Tilray, Canopy, Aurora Aphria and not Uncle Jizzmasters latest jerk off stock dump w some rando F- list celebrity attached dumping 12,000,000 shares a session.
(if only the EVIO management team could get their collective media act together to leverage this potential more it wouldnt leave rando casual observers like me to make these very obvious points to inform shareholders - the investor relations team they dont have on staff currently, could be doing the work for them instead?)
