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Friday, March 06, 2020 9:04:15 AM
Another 52-week low will occur today. It will be explained away as if this company is just caught up in a sector that is currently bearish. While the sector may have had its knocks, many good MJ companies are making 10s of millions each quarter and have done it in a relatively short time frame.
Marpharm/Liht/Citation has been around for 4 years, spent 10s of millions, and has accomplished nearly nothing, certainly not generating FCF.
Canada - failed (with multiple shell corporation acquisitions costing MILLIONS)
US - all operations have failed except one small, tiny tiny tiny, mini facility next to a Love's gas station and RV storage.
US - ACC group scam last less than a year, which I called of course!
In short, this scam will be shuttered and bankrupt well before any of the "longs" know what hits them. Count on it.
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