Why is then Green Gotham selling, they have sold more than mil shares in past two weeks. That tell's a lot what's coming in future.
The S-1 once effective will bring this back to $3/-.
One cannot get long with Cannabis companies until rule's change.
With Covid-19 and loss/destruction due to riots, there is too much uncertainty of what's coming up in their Q2. The losses are widening and that's why the need to raise capital.
Acquisition is mere speculation, even if there is one, am sure most of the raised money is for SG&A
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