Replies to post #12872 on TREES Corporation (CANN)

[Michi 1968]

That sounded a lot worse a year ago than it is now. Then it went from Nov20-Feb21 to over $ 2:



As of September 30, 2020, our cash balance of approximately $ 0.7 million is insufficient to absorb our operating losses and to repay our promissory note loans of $ 2.3 million, of which $ 1.7 million is current . The warrants associated with this debt would, if exercised in cash, provide sufficient funds to repay the debt; However, there is no guarantee that these warrants will be exercised in cash or at all. Our ability to continue business depends on our ability to generate profitable business in the future and / or obtain the funding necessary to meet our obligations and pay our ordinary business liabilities as they fall due. Management believes that (a) we will be able to raise additional capital and (b) the measures currently being taken to continue executing our business plan and generating additional income provide an opportunity to continue as a going concern. While we believe in the viability of our strategy to generate additional revenue and our ability to raise additional funds, there is no guarantee that we will be successful in these efforts. Accordingly, there are considerable doubts about our ability to continue as a going concern.