Abattis Bioceuticals Corp. (ATTBF)

[CannibusDreams]

New here, just jumped back in today.

Thoughts on the deal. It was in cash, not stock like their other deals. That's good. One, there was cash around to use for an acquistion. Two, they didn't dilute the stock again.

It has more payments due in cash in the future. That seems good. Why would the company accept a deal if they didn't expect Abattis to be around for those future payments?

The release I read said any material disclosures would be made even if the financials were not yet released. A going concern would be a material disclosure. That tells me it's something else holding up the financials.

Looking at previous financials, almost all the assets is goodwill. I'm guessing that's the strands they bought. They may be trying to properly value that goodwill. It seems likely the company valued it one way, the auditors thought otherwise & probably a third party has to come in and value it. Maybe that's the delay?

All just a guess. I hold shares again now, so hoping for the best. Today seems like a good sign though for the future to me.
Take it for what it's worth.