Wednesday, February 27, 2019 9:23:10 AM
As for a takeover, it would have to be a hostile takeover at this point in time as I'm sure Liht has no interest in selling out at 50 cents a share. Someone here said Linda Sampson is driven to get the stock back over $1.00 US per share. Liht might be interested when someone could offer 2 bucks a share.
But, when you think about the best-case scenario, there's reason to believe that if management doesn't fuck it all up (like issuing 90 million shares at the wrong time), Liht could easily get 5 or 6 bucks a share from an acquiring company, which is still roughly a $1.3 billion to $1.5 billion market cap (CGC is $16 billion, Cronus is $4 billion). This would require a ton more building and a ton more revenue, so that is way down the road (LND2 would say not that far down the road).
By that time, believe me, Liht would be recognized throughout the industry as a skyrocketing company and be mentioned in the same breath as the other bigwigs in marijuana. Of course, anything can happen at any time; but it only makes sense to hold on long after Liht hits 30 cents or even 40 cents a share.
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