Ann: Half Yearly Report and Accounts, page-7

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GoldDigger!

302 Posts.

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01/03/22

20:47

Post #: 59910220
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Originally posted by Basileus: ↑

“Whilst it will take time for revenue from the new initiatives to build momentum,"

Heavens sakes ... how much longer do they need? We could probably go back through similar reports from QBL and AGV and find the "... it will take time" line.

Wait ... anyone reading this could probably go back 3 years - read every report and locate the, "... it will take time" lines.

Hang on ... it has even made an appearance in the very next paragraph to the line above, "[T]he lead time for these prescription products to generate revenue will take time,"

So ... all they need is some more time and there i was thinking ... pfft ... chortle.

"... we have also launched a new range of premium hemp-based skin care in both France and Australia" France?

"Cann Global are focused on differentiation and have been working hard on our four growth pillars:"

I thought they were already doing this ... like 3 years ago?

Revenue down by 56%

Losses up by 16.8% (don't worry that's "marginal") "Cann Global reports a loss of $2.4m for HY22, which is marginally higher than the HY21 loss of $2.1m."

Accumulated Losses $44,887,588.00

Why is there no interest received - where exactly does the 10 million dollars live?

"Loans advanced to director related companies: Volcan Australia Corporation Pty Ltd $1,061,800"

You know what though? They just need some more time! Enough time for accumulated losses to hit $50,000,000.00 ... perhaps?

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Basileus (and anyone who may like to have a go at guessing the answer), pop question for you. Do you know who manufacture the imafusspot premium range of hemp-based skin products? I will donate a nice bottle of St Hugo Shiraz for the right or closest answer (hope I'm not breaking any HC T&C's).

And, how do you take a $50m Company and turn it into a $7.5m Company?

CGB Price at posting: 2.9¢ Sentiment: None Disclosure: Held
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