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Tuesday, January 21, 2014 10:24:20 AM
They got $30 mil debt at 12% and they get 24% from their tenants on the real estate they buy. That's $3,600,000 per year net to CANN, ($300,000 a month) all earnings and cash flow with no risk.A new Cannabis company with real assets and earnings will attract a lot of positive attention from investors.
The CFO just said their note offering will close this Friday. That's probably $5 mil more cash and more earnings as they deploy it.
And they can reproduce this formula indefinitely as more grow facilities are needed to keep up with cannabis demand in Colorado and other states. The market is unlimited for them. They can borrow more and make more with every dollar.
CANN could easily earn $10 million in 2014 and maybe triple that. And every tenant will need nutrients and other products that CANN will provide which will increase earnings.
Short this stock? Good luck.
Recent CANN News
- Form 8-K - Current report • Edgar (US Regulatory) • 06/14/2024 08:00:12 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/09/2024 09:00:27 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/21/2023 01:30:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/14/2023 09:30:23 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/23/2023 08:30:18 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2023 07:51:24 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/07/2023 09:00:27 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/02/2023 08:33:03 PM
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