Burning through cash rapidly. How are these guys ever going to...

  1. 328 Posts.
    lightbulb Created with Sketch. 46
    Burning through cash rapidly. How are these guys ever going to make a profit. Just thought I'd take a look at their quarterly and wow, 7.2 million accumulated losses YTD.

    2.5 million in staff costs and only 3 million in revenue. I've been looking at all the cannabis stocks on the ASX, and fundamentally this one looks to be in a bad spot unfortunately.
    Last edited by Investor1346: 09/05/25
 
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
-0.001(6.67%)
Mkt cap ! $9.118M
Open High Low Value Volume
1.5¢ 1.5¢ 1.4¢ $4.022K 274.2K

Buyers (Bids)

No. Vol. Price($)
12 1013518 1.4¢
 

Sellers (Offers)

Price($) Vol. No.
1.5¢ 347335 3
View Market Depth
Last trade - 16.10pm 28/07/2025 (20 minute delay) ?
CAN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.