One of the fundamental concepts when investing, especially when investing in a non profitable business is trying to ascertain the ease of gaining capital or whether it’ll be required and how often - the problem with CANN is… until they’re profitable they will likely need to keep raising capital and clearly to do so the raise needs to be at a discount. If this year is anything to go by, CANN has hugely overestimated their revenues - at this stage, who would take their estimates seriously for next year? People on this forum have made mention of the North American market opportunity etc etc but I notice CANN is focused heavily on the UK and the small amount being sent there… genuine question: how long can CANN continue to operate at a significant loss? 4-5 years?
CAN Price at posting:
32.5¢ Sentiment: Sell Disclosure: Not Held
