We need to help each other in this industry. I hate seeing others or myself lose money or become bag holders. SO….
BUYER BEWARE: ISRACANN BIOSCIENCES IPOT
I have done a bit of leg work this morning on this new IPO and it’s getting my rating of 0 out of 10. Here’s why,
“fully funded” for 230,000 sq ft (under development) HASN’T STARTED CONSTRUCTION ( growing nothing)
“anticipated” cost of .40/gram (but growing nothing)
facility WILL BE ( but isn’t) IMC-GAP/GSP certified
Israels first “PURE PLAY” to list in Canada. ??? pure because they grow nothing?
located in the cannabis research capital of the world (but no research happening at this company)
bolsters Israels unique grow environment as their own but they grow nothing.
are we seeing a trend?
10.000 patients on a waiting list for medical cannabis due to supply constraints.
“access” to research
Isracanns focus will be on the ‘acquisition’ of Nursery, Cultivation and Manufacturing licences (THEY DON’T HAVE ANY YET)
their TIMELINE slide speaks volumes with STEP 1 being getting a preliminary Nursery and Cultivation licence and STEP 18 being “initial revenues”
DON’T THROW YOUR MONEY AWAY AT IPOT UNLESS YOU WANT TO LOSE IT