CGB 0.00% 2.1¢ cann global limited

Court Update November 28th 2022 Medcan v CGB, page-19

  1. 2,140 Posts.
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    Just found a piece towards the end of the latest Annual Report - p61, released on 3 Oct 2022.

    They already made a 'contingency liability' in the report of $144,825 for the case if they lose against Medcan, plus another 'unrecognised' amount of $158,175 which would also become payable to Medcan on losing.

    So pretty much half of the figure has already been written off which isn't a good look while they're saying that they're confident of winning.

    For CGB to be paying their auditor (Nexia) fees of $260,840 for the year, one would have thought they could share the calculator because this $144,825 + $158,175 still falls $30k short of the $333k amount being disputed.
    If it wasn't so tragic it'd be hilarious.


 
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