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6.2¢ cann group limited

Ann: Quarterly activities report and Appendix 4C - December 2023, page-5

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silvahman

4,334 Posts.

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31/01/24

13:33

Post #: 72159568
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Originally posted by ChopsInOz: ↑

It's incomprehensible that the share price goes upon these appalling results. Cost of manufacture is higher than sales receipts from clients to give a cash “loss” of $6m. Take out the R&D tax that's over $10m.
Cann needs cash to repay loans, hard to see how they going to do it, growing more cannabis equals higher losses. Surely the new management are seeing it? They are currently locked to a death spiral. LGP has a similar problem.

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Rinehart was promoting lgp as and investment at 80c a share

CAN Price at posting: 8.2¢ Sentiment: None Disclosure: Not Held
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