Can B Corp (CANB)

[jaybe420]

Quote from the Shi Farms/Canbiola LOI:

Canbiola Chief Executive Officer Marco Alfonsi commented, “This proposed joint venture is very exciting for Canbiola and its shareholders, as it would vertically integrate our positioning and capabilities in the now federally legal hemp market. Shi Farms, a trusted and top-rated CBD wholesaler, will provide technical expertise, availability of seeds and clones, and a cultivation license for the state of New York which Shi presently owns, which license will be used for multiple cultivation locations for the NY Depot. We believe this is a robust growth opportunity for Canbiola, and with Shi Farms as our partner, it would give us the scale and flexibility to increase our revenue in a profitable manner. We look forward to working with Shi Farms and launching this joint venture partnership by the end of July.”

The LOI is non-binding and its terms are subject to the parties entering a binding definitive agreement memorializing the terms of the agreement. The parties expect to enter into the definitive agreements within thirty (30) days from the date of the LOI.


Sounds like the 30 days was a loose guideline. Marco projected having the deal done by the end of july.

I think the Q2 numbers are going to be big, and there will be some other big news by the end of the month. Northwell, shi farms, johnson & johnson expo in a few months, SAM revenues. Great upside potential here.