RE:RE:RE:Dundee Securities Ltd. No, your not understanding the concept. I invest in CXR, they provided a guidance and trade at multiples on future guidance (the risk)(which is being reported tonight after close) and the community can make judgement from there. How do you even look at the future here? I've done the math, have you? Do you realize how many customers and what kind of revenue they need to even get to today's valuation? They already mentioned publically that they don't even worry about ebitda or break even? Does that even make sense? That's the only thing they should worry about. Not about doing another raise. Do you realize this isn't like CXR, waiting for financials to make an investment desicision, this is putting your life on the line, hoping everything goes in a straight line, and then hitting a in-field home run while running backwards while having a 200lb weight on your back. As I explained Amazon isn't even close to the same comparison and I broke it down for you before why it is not..
QueenNerfertiti wrote: WMP, I don't think you understand the concept of investment. Basically it means, sometimes I do things right now that don't necessarily pay off until later.
If it was a race to profitability, CGC could have been there already. Bruce is positioning the company so that he continues to invest and invest in it up until the point of legalization. At that time CGC will be so strong and there will be such an abundance of cash flow that profitability is inevitable. I think MustangMatt gave the example of Amazon last night.
For a company looking to dominate the cannabis industry you won't get there by filling your pockets early in the game. CGC is looking at the big picture and that's why the real investors are aligned with them in terms of vision.
You tend to look at things through a different lens then most of us here. Why did CGC just raise $11m when they have $24m in the bank??????????