Just starting a thread here of an international medical cannabis IPO that will be occurring on March 15, which was postponed from a couple of weeks ago. The initial offering will be valued at $16M with 4M shares at a price of $4. Keeping it short and simple until I have more time to add details.
I will be approaching this the same way I approached BWV (TAKE PROFITS). Retail involvement should always be expected on these types of plays. I am assuming it will run up, I’ve been looking at low float IPO’s and they typically have some kind of pop and stay above IPO price for a limited time before dropping or share unlocks occurring. Take a look BWV, MGLD (I was actually looking at this, but I was misinformed by a source that it’s not a true IPO so I chose to ignore it instead of digging deeper), and others.
Here is the website, feel free to add your own analyses in meantime: Akanda Corp - Grow. Move. Heal.