Hey guys, I noticed that no one had mentioned the International Cannabis Corp IPO, which was 2 days ago. They are based in Uraguay and are listed on the TSXV under the symbol ICC: http://ift.tt/2gmhFld
The stock has exploded upwards in the last two days. The company now has a $150M valuation. Now before hype takes hold of anyone here, take a look at their financials. In the 3 months ending September 30, 2016, they had no revenue, and less than $5000 in cash.
I checked out their website and it is lacking thoroughness: http://ift.tt/2bFnBCM. They are 1 of 2 companies that are licensed to produce cannabis in Uruguay. If anyone has any additional information on this company, please share below in the comments.
Submitted November 30, 2016 at 03:20PM by nopolarbears