"The SP Is still horrendously pitiful and the company keeps spending money."
As mentioned before, in Post #49700759 I believe share prices can be manipulated by the market, traders short and day traders play the action.
The price went horrendously low helped by some serious shorting within a month of CGB returning to the market, in late August 2019. The shorting action as seen in the chart from "The Shortman" actually increased until this was driven down to 0.007, where it stopped and eventually got bogged down.
The other contributing factor which I believe affected CGB and the Aussie Cannabis stocks at the time was the global saturation and sentiment for the Cannabis market, particularly in Canada through 2019.
What is an inescapable fact was that the Cannabis Index was in serious freefall at the time of the relisting and continued into 2020 with the COVID pandemic hitting almost every stock. Sentiment for CGB, after the long suspension, was also at an all-time low. IMO, I believe what was happening with CGB was that it was struggling to regain ground from the weight of global Cannabis investor sentiment, plus the fallout from the shorting. I do not believe that it was due to the business overspending or dwindling cash reserves.
Re the second fact 'spending'. CGB is a 5 Division Corporation that is increasing its footprint in the Cannabis space locally and Internationally. You need to spend money to make money" which must be accompanied by a fiscally responsible expense model. I believe from their reports that they have adopted such a policy and have maintained a healthy cash balance as a Penny Stock.
Two operating Qts this year. One has 16 Qts in the tank from earlier in the year and the October one has 13 Qts. You are welcome to compare the ratios of expense/receipts/Bank reserves to the others in the sector to see how they are running their business.
"Seeds this....tablets that........This is an investment...and not a club...yes?"
Yes, I suppose that is the base of their two vertically integrated business models. "Starting with the Seed". They are also importing CannTab tablets which we all hope will be a good revenue earner for the company. That is why I have increased my investment.
A recent photo I took at Costco just after a new pallet of Hemp Seed Oil capsules had arrived. . They had sold out of the Protein. (confirmed by store staff)
CGB's Food Division T12 continues to supply products to S.E. Asia. (Vietnam)
I wish you and your family a safe Christmas as well.
...59
CGB Price at posting:
0.7¢ Sentiment: None Disclosure: Held
