speak to mgmt when they’ve continued to over promise and under deliver - for what purpose?
CAN will not have one ounce of leverage in setting the terms of the financing arrangement and how much equity will be needed and subsequently raised as they burn through what’s left in the bank - and if mgmt are saying to any shareholders right now how they see the financing shaping up they are misleading at best or just straight out liars. Banks will need a lot of due diligence as well to assess the risks as they do not lend out to cannabis grow ops on a daily basis. It’s a unique business in a new yet very young and unproven sector. We’re not talking about lettuce and tomatoes here!
there’s nothing more I wanted to do than see this company deliver on their promises - but these promises continue to come up empty. Seeing the votes in favour of the directors at the AGM was absolutely appalling - it’s hard to see how they’ve been put on notice other than sacking the CFO.
CAN Price at posting:
$1.35 Sentiment: Sell Disclosure: Not Held
