Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-59

Hey matt, good to see you still around in the cann space. I dont think CAN is trading below asset replacement. The book value of the greenhouse is way over stated, no way they can get $120 million for that facility. Check out my post in other thread, but Aurora tried to sell a facility they built (this facility using same equipment and design as they suppled CAN with) they cant sell for even $17 million CAD, despite them spending over $200 mill on it. And this was way bigger than CANs. Massive write downs for greenhouses.

"
The listing is the latest example of the broad retreat from mass-scale cannabis greenhouses in the past year by the largest Canadian producers, which wildly overspent on cultivation space from 2017 to 2019.
Many of those greenhouse projects, whether constructed or acquired via mergers and acquisitions, ultimately led to direct real estate losses totaling millions of dollars for Canadian licensed producers and inventory write-downs amounting to billions of dollars, Marijuana Business Daily has reported.v"

CAN is going to need more money, they havent even finished the facility yet, in todays announcement still saying they need to fit out, they are in debt to nearly $50 mill as of last quarterly which they need to service, the facility according to CAN is going to require 140 staff to run, this staff needs to be paid. CAN needs to do another CR imo, dont see any realistic way they wont need to.

If you actually want to sink more money into CAN I would wait for the CR and get the price even under the CR price, as going by history, every single time CAN has done a CR the price has sunk under the CR price and stayed for months. I expect CAN to do a CR within the next 6 months, expect a flurry of positive announcements to try to rise the price then they will hit investors for more money, and given their track record now would have to be at a significant discount.