If the company is very profitable and makes 30 million or more No more then 2x sales equates to 10 million . Most likely 1 to 1 1/2 sales . 5 to 7 million for a non Publicly traded hydroponic company . Institution are buying today I'm just going to awesome they know it was a good deal . 5 mill $ Is my guess .
Today I seen a few big blocks of 22700 shares and grwg went right though it in a few minutes time . The highs are 7.72 52 week and 8.10 all time high . Next week adding to the Russell will Guarentee push us though 8.10$ . Then a 30 day count down to earnings . When we get the date of the earnings report we should get a mid quarter Update . ... if we wont make the numbers they will say so . No news is good news in a mid quarter update mean they will most likely hit their target
Tomo once again we will be on all the traders desk and watch list especially 7 trading days away from the Russell .
Ps don't concern yourself with acquisition cost to much . Just know there are a lot of trouble hydro companies that they can Buy for cheap . Hydro was a troubled industry 18 months ago . Also trust the team Bc it's all been working Up to this point .
Obvious they bought another one and combined an existing store. Gained $4 mil from acquisition and saving money on redundancy of costs from the closing. Assuming they are or will use shares for these acquisitions plus cash as they have in the past. GLTY
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