RE:RE:supreme cannabis on death watchWhat about the drawn LOC as well as remaining $30+ million in debt? Compared to next to zero cash on hand. The balance sheet is a mess. Most analysts would agree this company is on the brink of bankruptcy. The company is in big trouble. It wasnt built to survive. It was built to make certain people money at the cost of share holders. In short, its a penny stock.
Method wrote:
jazzlistener2 wrote: being strangled by debt. If they can't show a profit in their annual sales, the price could go as low as a nickel. Might be a good time to put the company up for sale and salvage something for the shareholders.
Actually the debt was restructured. You should review the SEDAR filings over the last 5 weeks.