InvestorsHub Logo
Followers 26
Posts 4038
Boards Moderated 0
Alias Born 04/16/2004

Re: None

Thursday, 02/17/2022 9:44:56 AM

Thursday, February 17, 2022 9:44:56 AM

Post# of 70346
Their main product is shares, not pot.

This has been denied by some here but the company admits it clearly in their releases.

"Subsequent to Q2 2022, the Company issued 19,595,000 common shares for gross proceeds of US$89.7 million under the ATM program."

The company's Q2 2022 ended less than 2 months ago. That's $45 million per month selling shares instead of pot.

That far outpaces their pot revenue. But yet, management will be happy with the bonuses.

Oh, and for those who have trouble with the math, the company admits with those sales that their stock is worth no more than $4.50 per share.

"Sometimes people don't want to hear the truth because they don't want their illusions destroyed." - Friedrich Nietzsche
"None so deaf as those that will not hear. None so blind as those that will not see." - Matthew Henry

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent ACB News