Good morning investors, the Australian market opens in just 14 hours, and those interested in QBL/MCL may very well awaken to a whole new world. We were told MCL was deliberately halted by the company in order to maintain a smooth transition from what they are (were) to what they will now become. This kind of heads up from a company pre-market is typically considered by people to be a form of insider trading --- the difference with this heads up is that it is all done legally and through the ASX.
If the news is as expected (a type of merger or buyout of another cannabis related stock), then MCL will be even bigger and potentially more profitable than before. That says a lot when one considers how profitable marijuana stocks are already.
As I have said before, investing in QBL is a "two for" --- this is a golf term that refers to someone getting two for the price of one. In this case an investor gets a potentially very profitable bauxite mining company without the expense of refining the bauxite, and what looks like a very well established Medical Cannabis/Hemp company that appears will be revenue generating immediately. This is the type of arrangement that looks destined to be spinning off in the future, and that means any new investors will have two companies --- both of which could very well be blockbusters.
Good times folks.
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