GREY:SNNVF - Post by User
Comment by
sunrizeon Oct 08, 2018 5:09pm
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Post# 28763338
RE:RE:RE:RE:RE:RE:Holler Was Transparent
RE:RE:RE:RE:RE:RE:Holler Was TransparentJMark80, you are spot on. Mis-management at its best with SNN. Poor planning, making it up as they go, etc. Reacting mode so far. Still, no clarity on why they haven't spun off, what plan B is if no debt financing, and unless I missed it, no statement that they are fully funded for California ops until first shipments. Clear as mud.
JMark80 wrote: They should have listed at a much higher price and built a facility with cash, like everyone else, or even aquired an existing LP. Emblem terminated a LOI with LP Natura Naturals (~700k square foot greenhouse) for only ~$80mm and signed a 5 year supply agreement with Aphria instead. They need that Canopy agreement to secure a loan, what other collateral do they have? NHS isn't worth $120mm, it isn't even profitable (yet).