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Thursday, October 26, 2023 6:55:35 PM
The big thing is that they agreed an out of court settlement with Aurora Cannabis in return for shares and a cash settlement which they used to pay off ALL existing debt.
Read this one sentence again.
They are debt free!
No convertible debt
No other debt of any kind whatsoever!
Actively seeking a partner in the tobacco industry which is where they feel it would be easiest to demonstrate the efficacy of their technology.
They appointed Dan Paton earlier in the year who has ten years experience in product development working with British and American Tobacco AND ten years of experience in product development at Kimberly Clarke!
Yes you guessed it folks those are the two hundreds of Billions of Dollar industries that they will disrupt with this patented drug delivery system of strips that you place in your mouth circumventing the whole of gastrointestinal tract.
Just the patents make the company worth multi Dollars with this share structure!
The big thing is that this trades so thin which tells you that the share structure is very tightly held.
I note the buy of 129,000 shares at four cents today. Someone is clearly building up a significant holding in the company!
Looks like we are along for the ride with them!
Who could it be? A private individual? A large tobacco company? Quite possibly. A large pharma company? Quite easily. The last two literally have such deep pockets that even a $1bn price tag would show up as a sneeze on their accounts!
So much potential here.
Looks like an update is coming on Monday now that they’re Pink Current Information again!
My post are my opinion only. You should do your own due diligence before investing in any stock or take professional advice. I am not an investment advisor. Kind Regards.
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