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Tuesday, December 24, 2019 8:30:58 AM
It is my very strong opinion that the MARKET AS A WHOLE IS STILL DIGESTING the varying news released yesterday and that actually bodes quite well.
Patrick King has had a great end to the 4th quarter- winning MVP at the Emerald Cup - and anyone can find him just by googling the SOIL KING - in northern Cali.
NOW- HERE IS WHAT I REALLY WANT YOU TO FOCUS ON- The press release clearly states that CANNEQUIPT has been a Patrick King company since ...2014! This isn’t some fly by night - where is Lamont will survive or might.
AND -it’s now every clear - You can see now Cann American Corp became 100% owner of everything involving the Cannepuipt brand.
The company has several products and technologies in different stages of development for which Cann Am believes Cannequipt is the right vehicle under which to bring them to fruition and ultimately to market.
THIS MEANS THAT STEADY ANNUAL REVENUES ARE EXPECTED - and products and technologies are in different stages of developments that I haven't been able to dig into yet. Is there new equipment being developed for harvesting, manufacturing, growing ect? One could speculate they are sitting on some huge next generation equipment and products here. I am looking forward into digging into this one
With Cann American's established history, networks and contacts in the $3 billion California cannabis industry, steady recurring revenue from ongoing operations and several million in net operating losses (NOL) inherited from the public entity we believe we can be very successful in developing disruptive products and technologies without the need for third party financing.
THIS NOL CARRY OVER LOSS- tax provision is massive and hugely beneficial for valuation and POTENTIAL here at $CNNA. Imo- just want to see this one continue to trend toward the penny break as it confronts in hues to validate and verify itself with substantive material events.
READ WHOLE ARTICLE HERE - https://finance.yahoo.com/news/cann-american-corp-announces-cannabis-170000332.html
https://investorshub.advfn.com/$UPER-$TOCKS-DD-and-RESEARCH-FORUM-31721/
ALL POSTS are just opinion! Never BUY/SELL based on them! MUST consult licensed stock broker!
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