OTCQX:CNXXF - Post by User
Comment by
icanninveston Oct 12, 2018 6:09pm
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Correct me if I'm wrong, but their NWCS subsidiary is not wholly owned (nor can it be) and thus the $60M you are quoting is not consolidated onto Cannex's books. The only revenue Cannex will see is the contracted fees they charge NWCS, for things like rent and grow/processing supplies. In other words, Q reports will continue to show just a few million in revenue per quarter for the foreseeable future. The company may be fine, but will investors want to buy into a company reporting a few million per quarter?