OTCPK:NCNNF - Post by User
Comment by
Blizzy420on May 25, 2020 10:30pm
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Post# 31071436
RE:RE:55% INCREASE IN REVENUE FOR 3Q
RE:RE:55% INCREASE IN REVENUE FOR 3QThankfully this ran up on the idea of earnings. I was able to sell off today with a tiny profit before it tanks in the morning. I thought the earnings would be rough; but their spending exceeded expectations and puts them in a position where they need to have a good grow this summer AND they need to dilute to stay alive. They will need to raise or a company like Cronos could swoop in and pick up the entire package for pennies on the dollar. Either way, my money is going into other opportunities.
The write down on biological assets is brutal, they must have grown some shwag in that field.