On target? Like they were 3 years ago, then again 2 years ago, then again 1 year ago, and now again on target for next year?
They are cash strapped less than $6 mill in the bank (less cash than ECS), in debt (18 million, more by now probably halfway through their debt facility, how are they going to pay this back).
The coundown is on for the next announcement where they say due to covid (which doesnt affect our competitors but affects us) we are going to have to prolong the opening of the greenhouse (like we have done so for the last 3 years), this greenhouse that is not ready after spending more than $150 million is less than 20% the size of our expansion plan and still this miniscule size is still not ready, yet we have spent all of the extra cash we raised for the full expansion, and furthermore we are in debt.
To complete this we are going to need more money from the gullible Australian public that we have used like an ATM for the last 4 years and not one of our investors are in profit, please support our salaries for another year or so, before we go into VA because we are running an expensive indoor grow facility in Australia with high labour costs and beautiful environment, where you can grow a better quality product outdoors like ECS is doing for 10 times less the cost. Oh and in this environment we are going to be adding a lot of carbon to do this expensive indoor grow too, where increasinly funds want to invest in green carbon neutral products. Oh whats that ECS are growing outdoor at a cheaper rate, and are carbon negative meaning which means it absorbs more carbon from the atmosphere during its growth than is emitted by the equipment used to harvest, process and transport it.
CAN makes all the sense in the world, incapable management, over priced product, environmentally unfriendly, you going to support the next raise under .20?
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