CAN 3.23% 3.0¢ cann group limited

idt license approved, page-27

  1. 579 Posts.
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    the comparison of THC with CAN is not good, THC revenue was from the sell of equipment of its existing business and the cash generated is not from weed so has no significance, while CAN revenue is purely from Cannabis which is a milestone for CANN and Australia weed industry.


    The reasons why CANN is much more valued than THC are simple, 1) THC has 199millons of shares fully diluted, while CAN only have 142millon fully diluted, 2) THC after the CPR only have $6m cash so basically has no money to develop it's plan, while CAN has $62m cash in the bank and only need another 50% to fund its plan, which is far more easy to find a banker because it has enough equity to do so.

 
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