how can this now be bad?
it shows $25m in the bank left and a predicted spend of $20m for the next quarter!! it can only mean they are going to do a capital raise and dilute shareholders (and this will need to be mega capital raise) or they are going into Administration. Since they have not sent out any info about an upcoming raise, I am not quite sure how to interpret this?
Also what is the $17m "investment" into external companies - is this the NZ play Pure Cann, which have similar shareholders to CAN. Anyone able to shed some light on where the $17m investment went to?
Ann: Appendix 4C - quarterly, page-5
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