Can B Corp (CANB)

[Penny Masters]

Hmmm seems like that good news is not so good when you look under the hood of CANB

Note 2 – Going Concern

The condensed consolidated financial statements have been prepared on a “going concern” basis, which contemplates the realization of assets and liquidation of liabilities in a normal course of business. As of June 30, 2023, the Company had cash and cash equivalents of $123,445 and negative working capital of $5,295,361. For the six months ended June 30, 2023 and 2022, the Company had incurred losses of $3,766,050 and $5,130,783, respectively. These factors raise substantial doubt as to the Company’s ability to continue as a going concern.