Mate agree with you here, and its not looking good for the future either, you have companies like cannatrek already producing big indoor grows that dwarf CAN that are going to IPO this year, they are actually kicking goals quietly.
Then add ontop of that companies that are doing outdoor grows , that will be 1/10th of the price of CANs indoor grows, and are already producing more and expanding, no excuses of covid from these other companies managment either, like CAN treating its investors like idiots blaming covid for their incapability..
CAN is a sinking ship imo , incapable management (cant get a greenhouse built in 4 years with wasting 100 mill shareholder money in the process of not getting it done) , wrong business model (indoor cultivator in a country with high labour and energy costs), by the time they are producing they will be producing an over priced product and will be out manouvered by companies with better business models. Management have done a good job at looking after themselves for the last 5 years, nice big salaries from the australian investors.
CAN Price at posting:
41.0¢ Sentiment: Hold Disclosure: Held
