I cant see who you guys are talking too, only blocked two delusional posters here so either abediamond (a guy whos held the stock since IPO) watched it go to over $4 and didnt sell , or some other guy 'gone mind' or something, a uni kid that made his first investment ever in CAN and lashes out when faced with facts and analysis on the company he holds. Both emotionally attached and cant logically argue.
I was spelling out years ago that CAN was not going to be able to service this debt, it was all easy to see when you look at the Canadian market and see what companies that were like a mirror image of CAN yet years further ahead on the timeline, and none of them made it in a much better legal and economic environment, not only did they not make it but they didnt have debt to service like CAN does.
Was prediciting we would see the teens and more cap raises. Its come to fruition. Its sad but its the same story, the management got away with millions and millions of dollars in salary and performance rights, who know how many deals were given to mates etc for building at over priced rates, etc. Now they fled the scene , and new management can take the scraps of whats left, paying themsevles for a few years before the company has to wind up, or consolidation, name change and do it all again.
CAN trading at all time lows, all the bulls who were arguing about indoor vs outdoor, how good CAN is, worldclass facility, bla bla bla, just go quiet, no point arguing , the company is pretty much done at this point, might get some sentiment runs if its still around next cannabis bull run, but apart from that dont see them ever making a profit. Financial statements dont lie, they dont have any way to get out of this mess, might be an idea for them to use the facility to house servers for chat GPT lol, only wayto get a bit of interest and money flowing in!
CAN Price at posting:
14.5¢ Sentiment: Hold Disclosure: Held
