Riva:
The company's management has also been making changes to the cost structure aimed at improving profitability.
Lizzette:
We believe these dynamics suggest that the stock may be undervalued based on its assets and historical valuations, despite the addition of its new gaming and cannabis-focused businesses that have the potential to create its opportunities.
Hallie:
According to YCharts, the company's stock is trading more than 40% below its historical valuation of $0.0872, and we believe, below our enterprise value, and with an attractive price-book ratio.
Lupe:
Management believes the addition of high-growth cannabis opportunities on top of its existing business creates an opportunity for institutional and retail investors to get involved in the potential upside.
Maggie:
We plan on building out WeedTracker.com into a fully-featured on-line cannabis community, while turning WeedInHollywood.com into its first cannabis themed gaming title.
Fredda:
The diversification also is consistent with our overall focus of accumulating online users and monetizing them.
Ruth:
In April, we announced the acquisition of digital assets including WeedTracker.com, DispensaryWeed.com, and WeedInHollywood.com as part of an effort to diversify its digital assets to capitalize on the growing cannabis industry.
Sabrina:
Many public companies have shaky finances, limited operating histories, and few disclosures when it comes to making regular filings with the Securities & Exchange Commission.
Kathaleen:
When it comes to traditional institutional investors - who may be limited to publicly-traded securities - there are fewer options.
Carie:
The common denominator is that these investments were all made in privately-held companies rather than publicly-traded companies.
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