akan over 11 now-a bit more and ill move my under 8 position into halo still praying we are not to be screwed out of our spinn off shares when they are off restriction!!--value of halo stake is completely forgotten here--and we have the other spin-offs in the mean time!--tmonkey
Akanda is worth no more today than yesterday, despite its unwarranted surge.
There's been no news or revenue that makes it worth more or less from one day to the next.
Boustead Securities priced the offering at $4 because their thorough research determined that's what the shares are worth right now. They didn't intentionally underprice the offering by 50% (16 million dollars).
It receded back a quite bit this pm (almost down to $8), but recovered 40¢ before the close.
Income from Akanda is as fictional as its namesake; they haven't even planted a crop yet!
A buck or two from this venture isn't enough to save me from this sea of red ink - that's like tossing me a marshmallow as a life preserver.
I don't believe the story that Canadian shops are "making money" either. Not long ago they were losing money, now suddenly they're generating so much revenue that Ryan wants to open more?
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