RE:Should the warrant conversions and the Cannimed deal ...Both activities are dilutive in nature but I think a lot of people here don't fully understand dilution.
Exercise of warrants brings an in-flow of cash - certainly this is not "income", but gives the company considerable working capital (assets - cash) to work with.
A purchase funded by stock issuance obviously results in stock being issued, but to a degree this is balanced out by the "expansion" of the company.