CPH 0.00% 0.9¢ creso pharma limited

Ann: Reinstatement to Official Quotation, page-43

  1. 4,320 Posts.
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    Expansion requires lot of $$$ for marketing, staff, production etc. I dont think they can cut much from their current operating costs.
    it is good to pay off their debt but they only have around $4m left and cash outflow $3.6M this quarter. Another cr is needed.
    from my opinion, funds are staying away from cannabis stocks hence they couldnt raise decent capital.
    Bargain hunters will buy for a few pips trading but soon the stocks will collapse back down again.
 
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