I don't think you need too much imagination to see what this is about.
"pending an announcement of a material acquisition"
In the last update on Oct 4 they said
"The company is currently assessing opportunities to acquire a Cannabis cultivation license in Canada..."
Admittedly they have previously mentioned acquiring a Nutrition company, however this has not been mentioned for quite a while now.
I might be wrong, but don't think it's too hard to join the dots here.
Note they say acquiring a "License" so I presume not a cultivation facility, which means they'd have to rent premises & build it out to their own specs.
If this is the case it will be huge, can't imagine a company going into cultivation - probably 4500kg pa, having a market cap of under $100m - thats double the present, not to mention the lined up huge fresh food contracts. No doubt they have other customers/contracts lined up we just don't know about.
Exciting times.
