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The latest announcement is out from C21 Investments ( (TSE:CXXI) ).
C21 Investments Inc. has completed the repurchase and cancellation of 2,051,000 common shares, representing approximately 1.7% of its outstanding shares, in a private transaction. This move, approved by the company’s Board of Directors, reflects C21’s belief that its market valuation does not capture the company’s inherent value. The transaction is seen as accretive to shareholders by CEO Sonny Newman, who emphasizes the company’s strategy of capital stewardship and pursuit of growth opportunities.
More about C21 Investments
C21 Investments Inc. is a vertically integrated cannabis company that cultivates, processes, and distributes quality cannabis and hemp-derived consumer products in the United States. The company focuses on value creation through disciplined acquisition and integration of core retail, manufacturing, and distribution assets in strategic markets, leveraging industry-leading retail revenues with high-growth potential multi-market branded consumer packaged goods. It owns brands like Silver State Relief and Silver State Cultivation in Nevada, and legacy Oregon brands Phantom Farms, Hood Oil, and Eco Firma Farms.
YTD Price Performance: -8.95%
Average Trading Volume: 77,335
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $20.71M
For an in-depth examination of CXXI stock, go to TipRanks’ Stock Analysis page.
