$1.60, it's possible. How probable? I'd guess little over 50%, maybe up to 60% this month or next with the right catalysts.
The right catalysts are key to that number though. Why? Because we know the patent is coming in 5 days, January 12, they told us January is when they are expecting to roll out third party testing in California, and now a major catalyst to the industry just happened yesterday- there is a Democratic Congress and President, which will get major pressure to and who have already promised to roll out bills on descheduling marijuana as a class 1 in the first quarter of the year.
So, what else does Cannabix have to tell us?
Plus, other industry catalysts, based on what Congress has talked about recently, I'd imagine strong money for research projects, and possibly banking bills to support the industry, etc... We've all seen how this likes to run with the rest of the industry.
It's like the Canada going legal catalyst of three years ago, only times 10 in terms of size and 100 times the scope.
Additionally, history showed us it's possible when three years ago, this month, Cannabix announced it's completed faims device, which was false, of course, but nonetheless, sent this up to around $3 (US), so anything similar to that to start this year could affect the price like you're hoping. Depends on what they announce, when they announce it, etc...have people moved past their skepticism of Cannabix or can Cannabix show viability and move past the skepticism..
So, again, what else does Cannabix have to tell us, more importantly, is what else do they have to show us? Anything for all their efforts and years? Big question mark..
We also know the 3.7 million private placements shares are at $1.60 (CAN) buy in, so this will have to make a serious run to make sense for them to want to cash in on what's left. So, getting to $1.60 US would seem to be about the minimum they'd want to shoot for, but Cannabix has to get their crap together, in terms of actually having legitimate working products now, in my opinion. For 6 years they've been so full of it about their products and when they'll be ready that who knows.
So, possible, and things are aligning to be probable, but it's Cannabix... the only things they seem to produce in six years are catalysts, not products. This time, they might need products inorder to reach previous heights or higher.
JMO
