ROI might be much impressive w/ACAN imo:
1. GWPH trading at $115, $2.5b market cap. ACAN trading at $1.03, $17m Market cap.
2. GWPH has huge net lose. will need 150 years of 20m revenues/year to justify market cap. btw. per last 10Q, GWPH reported very poor results, only 3m revenues. Nagetive Grow rate a/o today. " has significant and increasing liquidity needs and may
require additional funding"
3. ACAN has much better SS. Balance sheet is Solid, Assets/liabilities ratio>1 and has one the the lowest deficit the whole sector.
4. $2,000,000 Equity Financing done by Nov 08, 2016,at $1 PPS. the meaning is investors wanna see much higher PPS and be sure they did their DD or potential. Management also has put up over $5 million of their own capital in building the business. none have net income yet but ACAN might be closer than most, Within 7-9 months (as reported) ACAN will complete to build the state’s largest marijuana greenhouse. most weed stocks don't even close to.
My posts are my opinion and should not be used as investment advice. Make your own decisions in your stock trades.
Recent ACAN News
- Form 8-K - Current report • Edgar (US Regulatory) • 05/07/2024 12:30:47 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/14/2024 09:31:31 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 12/22/2023 10:18:49 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2023 03:39:41 PM
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