I would be very wary abuot any target this company releases, here is an announcment 4 years ago:
Target 4 years ago was 70 tonnes, here we are 4 years later and they are targeting 12.5 tonnes.
Lets look at the reality, what are they actually producing, they produced 2.2 tonnes this last financial year.
Meanwhile ECS produced 4.25 tonnes this finanicaly year.
CAN is valued at 50 mill market cap, whilst ECS is around 25 million.
With all the demand for dried flower, and ECS growing almost double that of CAN yet valued at half the market cap, whilst CAN has 60 million in debt and ECS has zero. Wonder which stock has the most upside here?
CAN Price at posting:
13.5¢ Sentiment: Hold Disclosure: Held
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