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6.2¢ cann group limited

Ann: Cann Group FY23 unaudited revenue results, page-4

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wasko

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05/07/23

12:00

Post #: 68630440
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Originally posted by amb005: ↑

I would be very wary abuot any target this company releases, here is an announcment 4 years ago:

Target 4 years ago was 70 tonnes, here we are 4 years later and they are targeting 12.5 tonnes.

Lets look at the reality, what are they actually producing, they produced 2.2 tonnes this last financial year.

Meanwhile ECS produced 4.25 tonnes this finanicaly year.

CAN is valued at 50 mill market cap, whilst ECS is around 25 million.

With all the demand for dried flower, and ECS growing almost double that of CAN yet valued at half the market cap, whilst CAN has 60 million in debt and ECS has zero. Wonder which stock has the most upside here?

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Their loss reported in the half year was $18m. I wonder what they will report for the full year, $30m? They need the funds from the cap raise desperately or they'll have nothing left for operations and to make the large repayments on their debt.

CAN Price at posting: 13.5¢ Sentiment: Sell Disclosure: Not Held
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0 Great analysis

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