What are peoples thoughts on THC outlook?, page-43

This is still small in comparison to what they are needing , look at how much CAN is having to spend on theirs just in the last quarter and coming (17 million this quarter, and 14 million this coming quarter, and even that is not completed) and that with all the experience and know how utilising economies of scale from Auroras many grow rooms to help. THC basically having to start from scratch themselves, dont think the little revenue coming in is going to cut it at all. They may have to spend a lower amount as they are wanting to retrofit rather than build from scratch however this has not been approved yet, and even if it is approved would not cut down the costs that dramatically, will still need A LOT more than the cash they have and have coming in .

I am actually a big believer in THC, I think as the landscape becomes clearer THC is the one to be standing strong and actually making solid foundations in the right areas. But Im hard pressed to see how they would not need to do another capital raise at the point, I think THC has potential to be top 1-2 player in Australia, however to achieve it they are going to need more cash, in current climate hard pressed to get from banks for this industry, and also institutions are steering clear of cannabis given the current results from previous years, so a cap raise will be discounted in order to actually attract some money, happy to be wrong but just how I see it playing out right now.