Cann American Corp (CNNA)

[JJ2610]

I’m assuming you’re talking about two different things. He’s talking about submitting the new form 10, you may be referring to it coming off EM.

I’m conflicted by this whole process. One side tells me that EM was planned because they know how bad their financials are and don’t want the quarterly to come out, or even worse they can’t get verified. They gave up on hemp and CBD, prodigy health will be a flop (not a multi million $ market share business as they claim when they are getting money from commission of sales to Careington, not to mention there is no Rx portion as they claimed in the PR), and Prodigy stems financials are a mystery. If they don’t have new details/updates that will bring significant revenue stream in the near future, I don’t see how they can stay afloat. The auditors in the form 10 said they had doubts the business could stay viable.

On the other side, in a filing to the SEC, they claimed that the SEC reached out to them about corrections. If false, I’m sure that’s purgery. And Twitter counts as PR. Claiming the SEC told them they would accelerate the process once it’s refilled would be dumb if not true. It could get them in a lot of hot water if they mislead investors.

Although, I’ve already seen a lot of misleading statements from them regarding prodigy health. And if the share count turns out to be a dump and not an error, then they again mislead investors by canceling shares and then dumping once the share price went up.

The only thing that matter now is that this company is legit. If it’s legit, it’ll come out of EM. If not, investors money is tied up for a long time.