RESOLUTION 3 – SAY NO! APPROVAL OF 10% PLACEMENT CAPACITY, page-2

Or survival strategy of AusCann? Remember the Canopy placement? That was followed by a placement to existing share holders at that time to raise even more cash. Without that one (even though thought to be at a low price) AusCann would have been doomed with hardly any cash by now! They just want to get some more cash for survival. This means they are not confident that they have enough enough to survive until they have some revenue (let alone profit).