Sunniva Inc C.SNN

just to be clear

[thetis88]

Just to be clear.
The words in the press release say that a condition of closing is... Receipt of sufficient financing by the purchaser.  I might be wrong ,but I take those words to mean that the deal is subject to financing.
Meaning, unless the purchaser shows they have the financing prior to the deal  to Sunniva, the deal does not close.
Perhaps someone else could give me their thoughts on what those words mean??

I assume Sunniva would not waste their time unless they thought the purchaser would get the financing  and maybe that is almost in place, but time will tell.

[GhostOfLeith]

Time will tell... time will tell you're wrong, as always

[LoopyLettuce]

Just to be clear.. your doom and gloom predictions have been WAY off base.  Are you trying to create fear to help your short position?

[thetis88]

In fact , I have NOT been WAY off base on my predictions. Look at the stock price , it reflects whats happening now with Sunniva ,and what I have predicted would happen for last six months.  My guess on the loss for the first quarter was 7 million. The actual loss was 4.9 million after excluding an income adjustment of 1,198,000 dollars for reversing deferred taxes which Sunniva used to

[EFW5370]

This post has been removed in accordance with Community Policy

[HandyAfterall]

HI thetis88.  Personally, I hope you continue posting, as I find your posts helpful and insightful. Snn management have been over-promising/under-delivering from the start. They strike me as business-men who got involved with marj having no respect for - nor understanding of - the plant. Hope you stick around.  Have fun, handy

[canuckinvestor]

Dr holller is a very successful business person  he sold his pharma company for 1.3 billion  to Glaxo .  They had a few setbacks In California  which is understandable the Canadian campus was a bad idea  but I think the California one is going to be world class 

[Subchimes1]

The Canadian building we owned, the American building we are leasing, and don't own it. We are putting 10.5 mil into a building we don't own. WTF, does not make sense to me. What happens if we need to liquidate how do we get the money out of the building?

[Gretel57]

Please keep up to date. Just  sold this bldg for 20 million in the Okanagan Valley. Cash to be used to expand California operations. The BC site was taken over by CannaPharmaRX and the will complete the planed greenhouse of759,000 sq.ft.

[Gretel57]

Well the US BUILDEING IS LEASED? Now we have cash and can purchase same Have no details on the US Bldg. The Canadian Property was only in the early building stage!!!!!!!

[vandenp]

Couldn't agree more. I also always enjoy posts from sunrise because, unlike blind pumpers like EFW5370, he is not FOS.

[sunrize]

@Vandenp: Thank you. As to the latest developments, management or should I say MISmanagement whittled away precious time, money and energy in the Canadian Ops. A 10 year old would have known back in January 2018 that the Canadian market was already mature and over-saturated, yet, Holler kept persisting. Yeah, I posted several times in the past year that they should just focus on California. Well