InvestorsHub Logo
Followers 69
Posts 7583
Boards Moderated 0
Alias Born 01/10/2014

Re: stockanalyze post# 289941

Saturday, 11/26/2022 1:07:02 PM

Saturday, November 26, 2022 1:07:02 PM

Post# of 290029
Creditors will decide what to do with the "assets" as bankruptcy is not an option for marijuana companies and common equity is worthless.

Current assets = 7.21 million and current liabilities = 75.0 million
Assets = 54 million and liabilities = 96 million

My guess is all operations will cease and the company will be dissolved. The remaining assets will be transferred to a new corporate entity owned by the creditors.