RE:RE:Lack of planI only see at 2 Million raise and it covers G&A and exploring other opportunities as well as build out
my point is they have no specific details on build out costs And revenue projections , which is standard business when you are acquiring a revenue generating asset ,also normal in presentations.
See CIBC report. Most of money will go to provinces as they will control distribution , North Road is supposed to be a distributor , how does that work ? No info on how big the build out for Just Kush is. How much can they produce ? $ 1. Or $100 million dollars worth . No basic info to use to value the potential business. Most of these junior weed stocks are way over valued , company has no basic business info, asking investors for money on blind faith with a president who has never built a business before . Sounds like a good short to me .
https://business.financialpost.com/cannabis/cannabis-sales-to-top-hard-liquor-sales-by-2020-but-there-will-be-many-losers-cibc