Ann: Proposed issue of securities - CAN, page-9

  1. 604 Posts.
    lightbulb Created with Sketch. 75
    https://hotcopper.com.au/data/attachments/5354/5354100-15d15593c73a5fc862d4d8bb8a233cf6.jpg

    We had a promising opportunity to secure a monopoly on S3, which could have resulted in an estimated annual profit of around $10 million. These numbers were based on the yearly presentation and commentary provided by Fresh Leaf Analytics' latest report. However, the unfortunate news of a failed trial changed the situation. I must acknowledge that @amb005 had valid concerns regarding the poor management and high debt the company possessed.

    Considering the oversupplied global cannabis industry, if the market fails to sell CAN's indoor high-quality bud, I hate to sound pessimistic, but I am quite confident that the company will either go bankrupt or be acquired for a fraction of its current value. Of course, there is always a wild card possibility where New Zealand, Germany, or the US miraculously pass a bill to federally legalize cannabis. In that case, things could take a different turn

    Good luck to everyone involved, and I extend my respect to AMB. Despite our heated debates and discussions in the past, I mean no disrespect. All the best with ECS, and I will be closely monitoring its progress. Who knows, if a lucrative opportunity presents itself, I might consider reentering the cannabis sector.

 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
1.4¢
Change
0.000(0.00%)
Mkt cap ! $9.118M
Open High Low Value Volume
1.4¢ 1.4¢ 1.3¢ $6.333K 461.6K

Buyers (Bids)

No. Vol. Price($)
15 3146102 1.3¢
 

Sellers (Offers)

Price($) Vol. No.
1.4¢ 505443 3
View Market Depth
Last trade - 16.10pm 07/08/2025 (20 minute delay) ?
CAN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.