Ann: Trading Halt, page-6

If this is the MJ cultivation acquisition, I believe this company will soon become more visible and get much more attention from the investing community. Having said that, Gibio, though mentioned at the AGM, came out of the blue. So it could be a totally unrelated surprise. Might be jumping the gun guessing its the MJ deal, but don't think so.

Up until now, volumes have been very low, only a handful of investors, mostly in WA, know about the company. This is partly because only 2 smallish brokers handle the company, both WA based, and the company conducts it's business in Canada where it is hard for locals to invest in the asx listed stock. Also the company is partly to blame with very few updates, presentations etc, though this has very much improved over the last few months.

The company has a very tight register, the top 20 who are mainly the original owners, owning 53%. They hold on tight, with hardly any selling when the bulk of their shares came out of escrow after 1 year.

Such an announcement will put us prominently into the MJ sector, as opposed to being a related supplier. @johnp12 rightly talks about the MJ bubble which has to be considered. Many companies in this sector have massive market caps, but have no earnings. Look at Cann group, market cap $400m - no eanings, not saying that particular stock is in a bubble, just an example. We of course have earnings, and if we were re-rated based on MJ cultivation, depending on the timetable, much larger earnings would not be far away.

Once construction is underway for both the MJ facility and Gibio's 1st facility I see no reason why our market cap should not be above $200m. With a 2nd MJ facility (as per the presentation) and Gibio plans for the next 10 facilities - who knows what market cap we could expect. And that assumes there are no more deals on the horizon!