Very interesting to note that the leader in Hemp derived CBD products “Charlotte’s Web”
Just listed on the Toronto stock exchange.
They raised Canadian $100 at a valuation of $650 million with turnover of $40m in 2017.
Shares were issued at $7 and trading now at $10.50 after first day.
https://web.tmxmoney.com/article.php?newsid=5144132767082944&qm_symbol=CWEB:CNX
Just shows you the momentum building and interest in Hemp and CBD stocks in canada..With Elixinol being the 3rd to 4th largest brand, we should see a Serious rerate sometime soon as valuations start to come into line with international peers.
Question is when will the penny drop!
SP Discussion, page-5
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