Kraken Robotics Inc (KRKNF)

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Kudos to Kraken Robotics- top honors in the TSX Venture 50 for 2023

https://www.tsx.com/news?id=944&year=2023

Kraken takes the highest ranking in the technology category of the list

Two things will make this company’s share price rock 2023

1- the military contracts begin to hit the top line in a big way

Defense spending is the most recession-proof revenue stream ever

2- Dilution ends as capital needs and founder greeds fade

Clearly there is a selling pressure from early investors and founders bleeding shares into a thin market for the stock

High valuations on early-stage companies are extremely vulnerable to this kind of negativity

The first is in good shape, defense contracts are locked in and future revenues are increasing

The second is going to be the determining factor to determine whether Kraken does well in 2023, or whether it has a remarkable run



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