RE:RE:RE:RE:RE:RE:Chv just gave back 2 months worthLetsflythis, you are correct, this company is constantly in need of capital and raises it by way of issuance of stock and did that stock split.
I think with every stock a person holds they have to understand what the business plan of the company is and whether or not they are executing on that plan. Fundamentally, this company needs sales.
In their June 16th, 2020 press release they state:
"CHC patients purchase over $25M of legal medical cannabis on an annual basis from over 20 Licensed Producers, including recently Abba Medix Corp."
CHC did not sell $25 million of its product, but rather CHC patients bought $25 million of medical marijuana.
Bottom line: I give this company two years from now to increase sales substantially or I will sell and probably take a loss. I see potential here but management has to be able to execute sales growth. To your point, they really need to ease up on fund raising through issuance of shares and fund operations out of revenue. Again if in two years they arent its time to pull the plug for me because it will be a company like so many others with a good idea and a niche but an inability to execute. In business, execution is everything.