Yeah, I unfortunately agree with you. Look ill be honest it was...

  1. 8,292 Posts.
    lightbulb Created with Sketch. 3285
    Yeah, I unfortunately agree with you. Look ill be honest it was the move to make when they started as this was the model everyone was going down, but since then (talking years) has been unequivocally proved to be wrong overseas and domestically.

    So much money this business has spent (talking 100s of millions in personnal and assets)is a sunk cost here, they made mistakes in the business model chosen, they made mistakes in not pivoting (in which they had years of data to show it was not going to work) , they could of pivoted either the cultivation method or the company into a full biotech. They chose not to do both, and do both in the worst business model possible, now they are left in debt to the tune of over $60million, unable to produce at a profitable rate, so can not repay debt, its a matter of time until this company is wound up.

    I just hope we get some pops in the cannabis market and I can offload my holdings before that happens. A couple of catalysts coming up in the next year and a bit that may give us that chance, my investment here is either going to be a tiny profit or lost is my view, this company wont be around in 2-3 years.
    Last edited by amb005: 20/09/23
 
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¢ 1.5¢ 1.3¢ $7.484K 534.1K

Buyers (Bids)

No. Vol. Price($)
9 3246538 1.3¢
 

Sellers (Offers)

Price($) Vol. No.
1.4¢ 55557 1
View Market Depth
Last trade - 15.52pm 30/07/2025 (20 minute delay) ?
CAN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.