Assuming CANNs SP holds value in the long term. Very very high volatility with CANN stock.
Id also debate the comments above that CANN have implied a path to profibility. I believe the cost to produce 12,500 kilos is roughly $3 million to make $7.9 million in return. Those figures might be slightly off. I can't be bothered reading the announcement again. The cost of producing the marijuana will not take into account the CEOs $1.5 million pay or the money paid to Green Pharma and the other research CANN is apparently doing or the cost of the Tullamarine production or the other administrative costs of running a business.
The announcement was likely intended to have you believe they were close to profitability.
Also... Cost of factory versus a few million off growing marijuana? Not exactly breath taking.
CAN Price at posting:
$1.41 Sentiment: Sell Disclosure: Not Held
