Agree.
My chief concern with raising capital is where does it end? That's the question I was trying to answer yesterday when looking over the numbers from the webinar. It's clear now that because cannabis is deemed a high-risk sector it means that debt funding from the banks is pretty much out of the question. The only bank that was willing to lend to the industry was NAB and now that they've been burnt by CAN who is going to step in to fill the void?
The recapitalisation of the business will get them to >$10m in EBITDA which means the company should be generating enough cash for any future expansion. That's my working theory at the moment, will need to see what the numbers look like over the next 12 months.
Agree.My chief concern with raising capital is where does it...
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