$LXRP --- The news release today is huge in my
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Posted On: 11/19/2020 1:55:56 PM
$LXRP ---
The news release today is huge in my opinion, but the small amount of movement makes me (and I am sure others) wonder what might be going on. So, this is my thoughts on the matter:
We know that Chris Bunka wants to up-list to a major exchange, and I suspect he is looking at the Amex and nothing lower. My thinking is that Chris wanted to divest from Hill Street Brewery because major exchanges have not accepted THC companies for up-listing. By selling the THC division, but remaining and actually increasing ownership (share ownership) of Hill Street Brewery, the THC division is moved to "arms length" away from Lexaria. This suggests to me that Chris may want to up-list as soon as possible. I still do not know if he can pull that off this year simply because of the shut down situation caused by COVID-19. But, maybe early next year. The sale also provides an immediate infusion of cash which might be used to further research into pharmaceutical uses. Just my opinion, but it seems reasonable.
The news release today is huge in my opinion, but the small amount of movement makes me (and I am sure others) wonder what might be going on. So, this is my thoughts on the matter:
We know that Chris Bunka wants to up-list to a major exchange, and I suspect he is looking at the Amex and nothing lower. My thinking is that Chris wanted to divest from Hill Street Brewery because major exchanges have not accepted THC companies for up-listing. By selling the THC division, but remaining and actually increasing ownership (share ownership) of Hill Street Brewery, the THC division is moved to "arms length" away from Lexaria. This suggests to me that Chris may want to up-list as soon as possible. I still do not know if he can pull that off this year simply because of the shut down situation caused by COVID-19. But, maybe early next year. The sale also provides an immediate infusion of cash which might be used to further research into pharmaceutical uses. Just my opinion, but it seems reasonable.
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