ECS Price Action, page-1510

Now since both quarterlies are out for CAN and ECS, its been a while since I did a comparison, but having some stones thrown from some CAN holders out of the thin glass house that is CAN, thought we could revisit this comparison.

CAN and ECS, both cannabis cultivators at the end of the day, CAN holders like to try to throw in they are a pharma, but this is all based on an OTC product thats non existent and not accounting for any revenue and has multiple competitors in that very arena, so like they arent competitive in cannabis sales, they wont be in the OTC sales. End of the day CAN is an indoor cannabis cultivator thats where any of their revenue is from besides R&D permits (something that ECS should look into as all the other failed cannabis companies are raking in millions from this scheme)

CAN is losing on average $4.8 million a quarter, they are paying staff and admin $4.4 million a quarter (to run an expensive , non competitive indoor grow facility.) Compare this to ECS who are under 1 million, infact only 800k net loss a quarter (which will be changing to cashflow positive next quarterly given the trajectory, and pay staff and admind 1.1 million on average (1/4 the spend of CAN)

With all this money going out the door with CAN, over $10 million a quarter CAN is spending, how much are making a quarter? last quarter was 2.4 million in customer receipts, they have spent over $176 million of shareholder capital to get to this point, ECS a small cultivator spent under $20 million and is growing more cannabis and has more customer receipts than CAN (2.5 mill last quarter)

Lets put this in perspective, ECS a company that is growing the same GMP grade, TGA regulated product, yet ECS is producing this for 10 times less cost as its growing outdoors so not energy or staff intensive as much so as CAN, so CAN has no competitive advantage.

Thats not going anywhere near the fact that CAN has now a debt of $56 million with no way of even servicing this debt. ECS has no debt.

ECS has more cash than CAN, and ECS has no debt.

As Elon says, let this sink in,

ECS more revenue, no debt, less costs, on top of all this CAN is raising even more now, they are trying to raise another 10 million at all time lows and the CAN share price has always gone below raising price post the raising. CAN is in a death debt spiral.

ECS is getting more customer receipts, with 1/4 less staff and admin costs, has more cash in bank, and has done this all growing the business and product organically, and using not even 10% of the funds that CAN has used to get to this point. CANs CEO just left, probably before the company blows up.

Really the more you see CAN imploding with bad management, the better ECSs outlook is, ECS market cap is $25 mill whilst CAN (with 56 mill in debt and less sales) market cap is $80 mill.