Replies to post #12641 on Can B Corp (CANB)

[highlandernew]

The 10 Rule 506(b) INVESTORS purchased 23,275,862 shares of common stock for $0.029 per share or $675,000 total?

So FLOAT is now approx. 73 million shares or those 23 million in RESTRICTED and FLOAT still only approx. 50 million?

Why were shares DISCOUNTED?

What are your thoughts about this?

[sleekscape]

CANB traded between .03-.05 during October and November 2018, with an average price right around .04

Look at this chart and focus on October and November:

http://schrts.co/7eWBwg

The offering began on 11/16/18, so a price of .029 for the private placement is not much of a discount given that these shares are restricted and therefore locked up for 6 months

This is excellent for existing CANB shareholders, as CANB has transitioned away from using convertible debt to employing the best form of financing you will see on the OTC

Just look at the market’s reaction to this news on 12/28

https://ih.advfn.com/stock-market/USOTC/canbiola-inc-CANB/stock-news/78963906/small-company-offering-and-sale-of-securities-with

CANB moved up 42% the following day

I am very bullish on CANB moving forward and expect revenues to climb very significantly during Q1, especially now that they will be launching a new line of CBD products for the retail market, as described in today’s PR

I think “Pure Leaf Oil” is also an excellent brand name for their consumer lineup of CBD products

https://globenewswire.com/news-release/2019/01/08/1682150/0/en/Canbiola-Inc-has-Purchased-Pure-Health-Products-LLC-and-is-Launching-Pure-Leaf-Oil-as-its-Consumer-Brand.html


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