If you could read a financial statement you would see its clearly 2.5 million for murray meds, of which they paid 1 million and using latest raise to pay the rest. Seems quite good value for a company that is cultivating more dried cannabis than CAN when CAN is valued at 100 million.
Quite good value isnt it, just small fries compared to just one quarter of staff and admin costs that CAN pay out, thats another comparison I should put out.
CAN: Average quarterly staff and admin costs: $3.19 million a quarter
ECS: Average quarterly staff and admin costs: $537k a quarter
CAN are spending 6 times more a quarter on their staff and admin. The management there certainly earn it, I mean after 4 years and 150 million raised, to be in debt, and producing less than a small cultivator in Melbourne valued at $7mill. of course they earn their salaries :S
Any metric than CAN actually favourable compares to ECS on?
