GREY:MRRCF - Post by User
Comment by
shinshinon May 22, 2018 6:41pm
79 Views
Post# 28066323
RE:So happy Mari is not diluting shareholders look at AcB Cbw
RE:So happy Mari is not diluting shareholders look at AcB CbwPantheraNegra wrote: Cannabis Wheaton to Raise $100 Million Selling Units at $1.40 I own Cbw.. Yawn Cannabis Wheaton to Raise $100 Million Selling Units at $1.40: https://www.newcannabisventures.com/cannabis-wheaton-to-raise-100-million-selling-units-at-1-40/
Anyone else hoping that CBW invests some of their $100M into MARI?
My take on it is that CBW is going to need to start showing some revenues and MARI has some great assets but not enough money in the bank to get them to where they need to be. I personally don’t think MARI has sufficient cash on hand currently and i also don’t think they would be able to raise capital either since the last BD fell through . I also don’t think relying on cash flow to fund phase 2 & 3 is possible either as I think they are going to be burning through cash very quickly in the coming months.
Any thoughts?