Can B Corp (CANB)

[jaybe420]

Investors don’t care whether or not Canb is a “bad company.” They only care if it’s a bad investment.

It has been, thus far.

There are legitimate concerns about the management of this company. The timing of the reverse split, the amount of dilution over the last two years, their inability to report financials on time, the lack of transparency/communication, the insider selling, the terrible websites, the rehiring of Carl Dilley, and more.

How can anyone claim the pps reduction is solely due to the sector, when the amount of outstanding shares more than doubled since 2018? When they have never posted an actual profit? These are fundamental problems, not sector trend issues.

The cbd sector’s decline is used as a catch-all excuse on a daily basis when there are deeper issues that need to be acknowledged. Not every decision they make is “excellent.”

The annual financials are due in a couple weeks. Let’s see if they report on time and if they made any money in q4.