https://business.financialpost.com/cannabis/cannabis-business/cannabis-investing/global-meltdown-hits-an-industry-on-the-brink-cannabis-weekly?fbclid=IwAR2Oi045cGIcIHvowmqRHF4rRWagmsHus3rzHmJ1Ot88ybYNZ5tyOXcwON0
Given mgc raised approx half of what they aimed to raise and not even enough to clear their liabilities, where do people think enough cash is coming from to continue operations and their commitments?
LSE? Can't see that happening in the current environment and no mention of it in the "operational update"
I am still of the opinion there are significant liquidity risks for holders and the company as a whole given their current position, even after this raise.
A couple of months cash runway (if that) certainly isn't the security I would be comfortable with in the current market.
Anyone care to ask exactly how much fat cat Mitchell threw in? Strange they didn't mention "full entitlement" or similar.
