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Re: Penny Masters post# 24836

Thursday, 03/26/2020 7:44:11 PM

Thursday, March 26, 2020 7:44:11 PM

Post# of 30496
Not quite. You do recognize that Tilray is only up 1% since March 10th?

Aurora is still down 7.6% since March 10th

Canopy is still down 1% since March 6th

Canb is down 50% since the R/S. But here is the kicker: Canb rose today just like the rest of the sector. Today is clear proof that there is interest in Canb. Up 26% on twice the normal volume.

Sure, it was just one day and others rose higher. But this totally proves false the theories that there is no interest in pure CBD, or Canb is a dead company (Plus there is never any evidence shown to back it up, so that also proves those theories wrong).

I have said it before, and today was validation. This current rise may fizzle out for the sector, but it clearly shows there is interest in the CBD companies when many of these companies rose 20-40%. Legislation and FDA approval will be the true catalyst.

The 10-K will come out soon, and Canb was on pace for at least $2.4 million in revs for 2019. Currently, Canb only trading at 1.5x price to sales. Speculative, high growth stocks will trade at 25x or 30x P/S or higher which equates to $21 to $42 per share.

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  • 1D
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  • 5Y
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