Orlando, problem is cash and funding. It looks very likely the company will be insolvent soon, unless it can secure funding. Once funding is secured, CAN would need to be producing quick smart to pay back the loan, but is that possible with the off-take agreement potentially dead in the water, and with marijuana prices falling??
Based on the last quaterly
Cash at end of September quarter - $25m
Estimated cash outflows for the December quarter - $20m
My estimated current cash on hand based on the above: $12m
Not looking good I'm afraid.
IMO..
Orlando, problem is cash and funding. It looks very likely the...
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