1PG 0.00% 16.5¢ 1-page limited

I have been researching Canaccord and quite a few articles are...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 440 Posts.
    lightbulb Created with Sketch. 29
    I have been researching Canaccord and quite a few articles are hidden behind paywalls. However, they seem very active in cannabis and have a huge presence in Canada. It looks like there is quite a lot of opportunities in cannabis funding, positive outlook for the industry and massive expansion into Europe which is where HAPA has a presence.

    I was thinking of selling out as I was worried about relisting overseas. However, I have checked that I can still trade on TSX with CMC. I am a long term investor and have waited this long, what is a few months longer to wait for relisting!

    I couldn't find any updates as to when HAPA will get their cannabis license approved but I thought it was more a formality. I am sure that HAPA will find quality cannabis imports from Canada that will pass the conditions for a license.

    I have decided to take my chance with the re-listing. Canaccord and Merchants are not in the business of losing money, in fact, they seem to generate high returns. I will ride this and see where it ends up. Certainly, can't be worse off than 1pg recruitment! Canaccord must see value at attempting to buy shares at $0.165 amd I feel that I might be falling for a "tree shake" with all these negative posts.

    Anyway, I might be totally wrong but my research shows that cannabis in Europe is a fantastic opportunity which I would like to be part of. Risks - the industry may consolidate in a few years but currently, the opportunity for high growth, the barriers to entry to European markets still makes the investment worthwhile. Pros - Merchant/Top 20 won't be selling out so soon which hopefully limits supply on re-listing. Less supply, price may go up!

    Good luck to all holders, whatever decision you make.
 
watchlist Created with Sketch. Add 1PG (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.