https://www.forbes.com/sites/kriskrane/2023/04/05/is-the-cannabis-industry-playing-risk-yet-or-still-monopoly/?sh=20c4bc569b1c
“Getting to break even cash flow likely comes from going deep enough to be sustainably good in a specific market – not wide and with only adequate performance in many markets. It is possible that the current climate will be the new normal for the foreseeable future.” (Note - We are a high margin engineered derivatives company - NOT a Cannabis “farmer” like almost every other listed cannabis company).
“While the capital markets may not yet value operational efficiency, businesses are being forced to make cuts and streamline operations in order to run cash flow positive businesses. A prolonged cannabis capital downturn may wind up being the catalyst for companies, and eventually markets, to view sound business practices and traditional operational metrics as paramount to running a successful cannabis company. With no investors to bail them out, companies are now forced to focus on healthy balance sheets or face a genuine extinction event for their businesses”.
Althea fundamentally undervalued, laser focused, high margin, cashflow positive... Tick tock…
DYOR IMO
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Last
2.6¢ |
Change
-0.002(7.14%) |
Mkt cap ! $22.20M |
Open | High | Low | Value | Volume |
2.7¢ | 2.8¢ | 2.6¢ | $20.68K | 782.5K |
Buyers (Bids)
No. | Vol. | Price($) |
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6 | 1691318 | 2.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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2.8¢ | 629874 | 2 |
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No. | Vol. | Price($) |
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6 | 1691318 | 0.026 |
14 | 1501040 | 0.025 |
4 | 1161000 | 0.024 |
5 | 1678978 | 0.023 |
4 | 338884 | 0.022 |
Price($) | Vol. | No. |
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0.028 | 629874 | 2 |
0.029 | 30595 | 3 |
0.030 | 600144 | 6 |
0.031 | 1375376 | 2 |
0.032 | 184557 | 2 |
Last trade - 16.10pm 31/07/2025 (20 minute delay) ? |
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