Interesting, this will be make or break26 Sep 2022 15:01
I haven't posted on here in probably over 6 months.
Ive been following CBX just as avidly however.
I think this deal is make or break.
It either allows us to be a market leader in the cannabis / cannabinoid sector, offering a range of products, both low end and high end (through Love Hemp/Cannary & Cellular Goods separately).
It allows us to benefit from cost saving, a wider customer base, a wider range of knowledge through both CBX employees/board and then Cannary employees/board, which can only be a good thing in the long run.
However it is clearly a risk to go for this deal, it depends on how its executed, and who is the one calling the shots.
As far as the last year has gone at CBX we can all agree that the company hasn't achieved what we all thought it would, that may be down to current market conditions, or due to the higher up at CBX making the wrong decisions and being too rash in terms of hiring and firing etc.
I know I've said this before but I believe with patience and time that this will come good.
We are due to merge with a big player in the space, widening our customer base and revenue, having more access to cash/debt etc to expand.
It will be in everyones interest both on CBX side and Cannary side to get these companies together to be the biggest player in the sector, and if they do this, the sky is the limit for the combined mcap, however this needs to be done correctly with time and effort from both sides.
The next few weeks/ months will be choppy imo, but I don't think there is any harm with holding here, as long as you believe in the Cannabis sector then I think this has all the ingredients to come out on top in the long run..
As Anna said to a few on LinkedIn this morning, we have everything in place to be a market leader.
Hopefully over the next year we see some interesting developments with Cellular and Cannary as a pair, it can only be a good thing, as long as the deal negotiated is right and fair for both parties.
Good luck all, its been a tough ride so far, with a lot of surprises, but I think eventually it will come good, and when it does, it should be a nice ride.
Lets hope its MAKE not break.