Its hardly a surprise that this happened.... Just look at their announcements over the years. Every sector of the cannabis space they want a piece, building that hype and flip flopping on what they actually want to achieve.
All that cash burn and where are we now?
"CPH Management urge shareholders to vote in favour of the acquisition" (Mind you, one of the conditions of the acquisition is for PharmaCielo to advance $3.5M for working capital purposes. Wonder how long this will last?). Read between the lines, the probability of CPH going bankrupt is higher than it being a successful company.
All IMO..... Good luck to all shareholders!
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James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
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