Vivo Cannabis Inc (fka VVCIF)

[J.D. Penny]

Certainly a nice opportunity to buy these dips. I've seen this kind of movement with OTC stocks many times and its a combo of market makers and short term investors that didn't get the big 1 week or less score that are now bailing their small positions.

The chart is looking very predictable if you connect the dots. In my opinion the chart is being dictated short term by the aforementioned and by the possibility that the Canna Farms shares released from escrow are being liquidated. If they choose to liquidate immediately after issuance that's almost 15 million shares being unloaded every 6 months until all shares are released from escrow. Personally I love the idea of getting Canna Farms for less money. They agreed to $1.20 PPS valuation and if they are selling under that pps then so be it. Even though the deal on paper was for $133 million including $22 million in cash and 92.5 million in Vivo stock. Maybe the true valuation was less and Canna Farms planned on receiving less. Either way the Canna Farms reviews are stellar and Vivo needed the deal to be a big time player and now they are. Executing growth strategies, fully reporting, amazing board of directors and international deal making will all prove to make this a stellar long term play.