RE:RE:Anyone see this article on Cron BankrupcyI'm not sure why MOTLEY FOOLS decided to highlight the Going Concern auditors' note to Cronos financial statements. Auditors always disclose possible events and circumstances that "might" affect the company's ability to carry on the normal course of business. Also, Cronos recently listed in Nasdaq, where the Company had to" jump-so-many-hoops" to pass the proof of financial stability to be listed.
If there is a "going concern" issue with Cronos, I don't think the BMO would have partnered with GMP for the April 2018 $100 million bought-deal financing.
Cannacord missed out on the bought-deal financing thus, the downgrade.
GR8BALLS wrote: Cantwinemall wrote: Canadian marijuana producer Cronos Group (NASDAQ: CRON) booked 636% more sales in 2017 than in 2016, and its expectations for future cannabis sales range from good to amazing. With this in mind, you might be a little surprised to know the independent accountant who signed off on the company's 2017 financial report left a disturbing note. In short, the auditor highlighted a chance the company won't be able to meet its financial obligations. https://finance.yahoo.com/news/marijuana-producer-just-got-slapped-210400805.html?.tsrc=rss
DON’T listen to Motley Fool!!! Not a credible news source and obviously bias.