RE:RE:RE:RE:RE:RE:RE:RE:RE:0.26 please :)I can't say what the desired amount will be, but think....
Issuing shares to raise 25mil on a market cap of 95mil means approx 25% dilution to existing shareholders.
NO ONE will give them 50mil (more than half their market cap) without a solid plan to profitability. Even if they did, the stock would pop 10-20 % and then drift off a cliff after sucking in momentum buyers.
This is why they need to plant seeds for a bunch of new exciting sounding initiatives they can use to promote the stock.
Meanwhile, all thier competitors are selling thier own competing products (and not on Cannmart), establishing market share and brand value and N will get further and further behind.
CBDGuru wrote: Yep, but they wont need to raise 50 million, or 100 million, likely maybe 20-25 tops. And this will be after their edibles and choklat lines are in sale/delivery stages with cooler weather. We will see what they can do between now and then, but all things point to the up and up for sales. This pandemic isnt going anywhere, online sales are the safest option across the board.
randomtask wrote: They won't wait until they run out of money to raise. They'll be raising once they get close to $10M, which is likely in the fall/winter.
CBDGuru wrote: They wont need financing for minimum another 2-3 quarters - as for bad news, I mean .... it's likely just shorters. IIROC doesnt care :p
TruthHurt5 wrote: How do you know it's shorts dumping that will need to cover and not insiders that know something bad is coming as in, bad news, announcing dilution/financing etc