Yep like many of the holders here feel the pain. Big believer in the Cannabis space, but as we have all learnt the hardway over the last few years its management that make the company, CAN had everything going for it, plenty of cash, first mover, licenses, etc, but somehow managed to screw it all up. Down to management, you see companies with nothing manage to kick goals yet these guys fumbled the ball every step of the way. Good on you for taking the hit and moving on. I still hold a small parcel just to be exposed to the whole space but really would not be surprised to see this go the way of EXL, so many similarities (huge cash burn, with nothing coming in, multiple cap raises for millions which they burn through) if anything EXL is even in a better position as they had branded products and farms producing, but still going down fast.
The winners in the space are slowly coming to light, CAN clearly not going to be one.
CAN Price at posting:
68.5¢ Sentiment: Hold Disclosure: Held
