CGB 0.00% 2.1¢ cann global limited

Most business' fail because they have limited access to capital,...

  1. 298 Posts.
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    Most business' fail because they have limited access to capital, have an inferior product or simply mismanage the capital they have.

    Why do you think this business is failing?

    Any kid that has played "Lemonade Tycoon" can answer that question.

    My honest opinion is that they are not aggressively engaging in what most people would recognize as commercial activity. They have their business plan back to front. Spending substantial sums on "potential" future developments and spending relatively less on profit making activities (our money btw). They already have the ability to turn a profit, with a marketable product and yet they continue to chase a thousand rabbits while the money seeps away.

    All I have seen in the past two years are announcement after announcement that involve strategic partnerships. What value as a partner does CGB provide these business' and at what point do these partnerships turn a profit?
 
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