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Re: meima1955 post# 32993

Saturday, 10/31/2020 8:49:26 AM

Saturday, October 31, 2020 8:49:26 AM

Post# of 35275
We all know that they will need money to continue the marathon. Raising a ton of cash at $1.00 would be palatable but at .20 cents?
This Q was to start the path back to a $1.00. They are OK for two more Q's so here's hopping. They also don't need to raise it all at once. They are a couple of years away from real growth. They have accomplished a lot but they are still a long way from profitability.
I am sure that Meni knows they need a large event to move the needle in the right direction before they dip into the cash raise. The shelf is enough money fore 3 to fore years at todays burn rate.

They risked a lot to build Vendorlink but I think it was their only way forward. I see Cannmart as their testing ground for the future.