CGB 0.00% 2.1¢ cann global limited

Ann: Preliminary Final Report, page-61

  1. 3,013 Posts.
    lightbulb Created with Sketch. 1919
    "The cash is the thing that sets CGB apart."

    Hi W.D.,

    I agree! Despite the difficulties and trouble with their initial Transformation deals, CGB appears to have survived and made it to the Top 3 in this challenging trading environment based on cash in the bank and expenditure to move forward for its shareholders, which, when looking at the whole sector, is a somewhat small relief when viewing the other companies' data. Though being in the Top3 in the current environment is not necessarily worth bragging about.

    Share prices can adjust if the right deal comes along. I have noticed that revenues, which are small for this company, are not always an indicator of the health or trajectory of stock, especially for Pennies.

    The company really needs to show improvement in revenue results to show their shareholders they're worth investing in. Tightening the belt and conserving funds is only half of the story. If CGB wants investors to return, they need to hit some substantial home runs on revenue and show that they can manage more than just holding onto funds.

    UPDATED CHARTS - NETT CASH
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    AVG YRLY BURN
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    FWD OPERATING FUNDS
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    Last edited by Neil1959: 05/09/22
 
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Currently unlisted public company.

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