Target Group Inc (CBDY)

[BlueGreenPower]

Thanks for the update shanak10. Really good news that the facility is finally producing cannabis. It took them awhile to find the right partner, but Thrive is a great fit as craft grown experts producing ultra-premium cultivars.

Thrive has been looking for a partner, and at one point signed a LOI with Beleave Cannabis for a possible merger, but it didn't work out. Wouldn't be surprised if Thrive and Canary eventually merge so Thrive can have access to the capital markets for further expansion.

The 50/50 partnership could produce great results for both companies. CBDY projected the facility would produce 3,600 KG (3,600,000 Grams) per year in output, which at $5 per gram wholesale would be $18M in revenues annually.

With Thrive's unique high potency strains the price per gram could be much higher than average. Then add in the concentrates and derivatives that Thrive is producing, and the future looks much brighter for CBDY now than it did before the partnership.

I had my concerns about this investment, but with Thrive's seasoned management team in charge the future now looks much brighter. To me the potential just doesn't match the current (.015) share price. Especially with such a low float (94.63M). So I'm adding on the dips. Thanks again for the update. Good luck and stay safe.

Canary RX Inc. Signs Definitive Agreement with Thrive Cannabis on New Joint Venture Cultivation Opportunity https://www.newswire.ca/news-releases/canary-rx-inc-signs-definitive-agreement-with-thrive-cannabis-on-new-joint-venture-cultivation-opportunity-820179741.html

Canary Completes Construction of 44,000 sq. ft. Cannabis Production Facility https://www.newswire.ca/news-releases/canary-completes-construction-of-44-000-sq-ft-cannabis-production-facility-852326368.html

Canary - Ribbon Cutting & Open House

Thrive Corporate Video

Thrive Twitter https://twitter.com/ThriveCannabis?lang=en