Cann American Corp (CNNA)

[DD_dempsey]

Huge news- IMO-$CNNA- now much better off

That first merger deal was not met with investor confidence. The pps went down and clearly the new owners insiders sold it off the last week. Who cares.
The share structure is still excellent. And now we learn why $CNNA was so willing to easily let Mark2 go. They had another merging entity more attractive and needed this reason IMO.

$CNNA- Additional thoughts.

It’s clear the insiders from old merger already dumped their shares last 4 sessions and put this stock back at its support. On 100 day daily - this stock has bounced hard 3 times in the last 3 months from this exact level !
All three times it’s made a solid move and now has the potential for an even more significant move with a better reverse merging entity setting up to come in.

Imo- If red flags existed so early with the new management - and as it would appear - they needed a ton of help with filings and the process - then it’s better for us as shareholders to have a more seasoned and savvy OTC markets owner.

A- THEY ARE ALREADY IN AUDIT PROCESS.

B- A NEW MERGER CANDIDATE HAS BEEN IDENTIFIED and communicated with as per the company tweets tonight.

***TWO THINGS MOST TELLING-
1- I liked how $CNNA held themselves to a higher standard here. The responses tongiht were incredibly tasteful. And exciting.
2- it’s clear that maybe this move is for the best for shareholders here. We get the AUDIT- form 10 we wanted and expected amd we get a new merging partner with - -according to the tweets” has more revenues and experience. It would appear since they already have been in contact - and certain basic agreements made - this is actually headed NORTH and if more on the new entity is revealed next week - this is going to skyrocket with the current SS IMO.

THE TAX LOSS SELLING OF LAST 4 days - finally meet the HUGE SUPPORT lines - and we ended green as expected. MORE SUPPORT TMRW and we head back toward .01+ break. - as this easily could
Be 200% + gain from current levels on revels of next merger. Could even be next week I guess. We shall see. I’m grabbing more here at support.