OTCQX:CNXXF - Post by User
Comment by
icanninveston Oct 16, 2018 1:58pm
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Post# 28811768
RE:RE:RE:Spoke to anthony
RE:RE:RE:Spoke to anthonyGTI already has a multi-state footprint, with operational assets online already and a whole bunch more coming online soon. They've already won licenses by application or paid to acquire them. They've raised $100M+ in cash to fund this expansion. Cannex has done none of this. The cost of licenses has skyrocketed over the past year. Cannex must now compete with a dozen solid companies on acquisitions, many of which have more cash on hand, more attractive paper to offer and a greater projected revenue ramp in 2019. There is no way that anyone can make a reasonable case that Cannex is on the same footing as GTI; not to mention Acreage, Curaleaf, Cresco, CannaRoyalty, iAnthus.
Think about it this way, if you own a successful line of branded products in Californa, for example, are you really going to go with Cannex over one of their competitors?