Weeks for $.20-30 per share. Months before we see $1.00/share and most likely not until next June or July assuming no missteps by the company.
What is not clear to me is who will run this newly formed company after the reverse merger. We have all assumed that it will be Jimmie Chan, however, I don't think that's a valid assumption.
I'm expecting them to split the company into divisions - one handling food items such as the STIX and one handling the MJ packaging components with a 3rd as yet to be identified division for the furniture thing they've bantered about merging with.
I strongly suspect that the exit strategy here for everyone is to have a publicly traded company that is able to be sold to a bigger player in the next 2 years. I would expect a much more substantial price in 2 years such as $2-5/share based on 1 billion shares authorized. I'm basing this on the Canopy Growth company valuation of $4 billion today. I have not factored in the growth of the medical/legal MJ market from approximately $4billion today to $20 billiion in 2025.
News 
Market Data 
Discover 
AI
