It really is , and the audacity for management to keep blaming covid for their incompetence is a slap in the face to any intelligent investor.
CAN management have really ruined any chance of CAN being a successful company, Im a holder but will exit whenever MORE Act in USA is passed which will give the sector a boost. Much better cannabis companies on the ASX.
Imagine being first in Australia to have licenses and cash to make a greenhouse, and yet 4 years later you dont have near completed, and blown through 100 million of the Australian publics money, have nothing to show for the money, and then blame covid (which has actually been a boom for the cannabis industry everywhere else, including Australian cannabis companies like LGP). This management really is incompetant beyond belief, surprised they have not been given the boot.
The sad thing is even when they finally have the greenhouse complete, its going to be competing with low cost outdoor growers like ECS. Future really not looking the best for this company, put these directors on a watchlist and never touch anything they do , protect your capital.
CAN Price at posting:
42.3¢ Sentiment: Hold Disclosure: Held
