CGB 0.00% 2.1¢ cann global limited

Ann: Half Year Accounts, page-92

  1. 11,400 Posts.
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    i like that you feel that anothe stock being able to raise more money from sohpisticated investors doesnt give you any inkling that theyd have a pretty solid game plan haha

    beyond that lets talk about this stock as i stated. In 4 quarters of growing and selling hemp theyve made less than 1million in sales revenue and yet spent double that just on admin. Theyre now officially in debt for current assets/liabilities. What changes are you expecting them to make to get to profitability? Just scale? Reducing costs?

    hemp as it gets bigger will become a lower margin food product like it is in other countries. Do you not expect they will need MM to get profitable with the current cost structure?
 
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Currently unlisted public company.

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