Counter question because it’s the biggest issue - how long would you give CANN to be break even financially?
To break even in 2 years they’d apparently need to increase revenue by 70% each of the next two financial years - assuming there aren’t unforeseen cost blowouts etc… let’s say they don’t though for arguments sake… how long do you think the company can run at a loss for?
The recent capital raises have been at fairly generous discounts to SP… at 29c there isn’t a lot of movement?
I don’t think there’ll be a takeover but it wouldn’t take much for a big pharmaceutical company to barge in. The market cap isn’t massive.
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