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Maple Leaf Green World Inc. N.MGW

"Maple Leaf Green World Inc and its subsidiaries focus on the cannabis industry in North America. It operates or funds three cannabis projects, in British Columbia, California, and Nevada. The company applies its eco-agriculture knowledge and cultivation technology to produce contaminant-free organic cannabis products."


NEO:MGW - Post by User

Bullboard Posts
Comment by Assouf2008on May 08, 2012 12:07pm
174 Views
Post# 19884966

RE: RE: RE: New MD&A on Sedar

RE: RE: RE: New MD&A on Sedar

The upside is that Raymond is getting trying to reduce the company's expenses which shouldn't be too difficult considering how excessive their cash burn rate is for such a small company. It is no wonder why they ran out of money last year, and that they couldn't even afford to plant seedlings. Also, difficulties in growing the seedlings and having to write off a bunch of them dying is inexcusable given the number of years they've been doing this.

 

The reality now is that the well (going to shareholders for PP money) is running dry. Raymond could not even find enough people to fill this last PP at the lowest subscription price that the exchange would allow. To put it in hockey terms, we are in game 7, score is tied, and in OT. There is no room for error.

Bullboard Posts