CGB 0.00% 2.1¢ cann global limited

Ann: Share Placement, page-21

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  1. 7,589 Posts.
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    I don't understand why the placement regardless if for projects or working capital. Reconciliation of cash at ~$6.6M and estimated outflows of ~$2.8M. That leaves enough in the bank for another quarter at that rate.
    Swapping shares for money at about ~1.23¢ per share. Then they have that convertible note. All these discounts don't help long termers.
    You need a good announcement with dollars attached or a Canntab or a medical break through.
    AIMO
 
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