Replies to post #48853 on Greater Cannabis Company Inc (GCAN)

[Sheepdog]

Wonder what Aitan meant when he said:

The Company has generated only minimal revenues from this asset to date and has not paid the Year 1 Minimum Annual Royalty of $50,000 due Pharmedica. Accordly, we recorded an impairment charge of $69,749 at December 31, 2019 and reduced the $69,749 remaining carrying value of this intangible asset to $0.

Kinda sounds like they defaulted on the license agreement and wrote off the "value" of the patents?

GCAN is a scam.