It could happen. ACB is a house of cards with no equity. It is all built on issued shares and a mountain of debt.
Most companies start as Privately Held with Private Equity. Then, when the business grows and is stable - then they "Go Public" and sell shares in an already established business.
However, ACB was formed backwards. ACB first went Public to raise capital - now they are working to build the business.
No one knows if ACB will be a survivor or not. But one thing is certain - not all of the Canadian Cannabis Companies are going to make it.
I think ACB will make it through the March 2020 Convertible Debt Deadline coming due. If they are on good terms with their lenders - they should be able to just renegotiate the Conversion Terms so that the debt comes due later (like March 2021).
But if they can't restructure their debt - then really bad things will happen.
Do you have a clue how big the Global Cannabis Market is going to be over the next 5-10 years?! This is crazy talk, I’m sorry!!!! Be smart, buy while things are on sale
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