Sunniva Inc SNNVF

RE:RE:on fumes

[thetis88]

BG2019
Tks for  a thought out reply to my earlier post unlike the others.
My point was that Sunniva the public company, in my opinion, wont be around in a few months. At that point the owners of the glass house have three alternatives;

1-lease out the 8 bays themselves to independent growers and charge rent in 2020.
2-run the business of growing themselves.
3-sell the building to a larger player in the game

I think 3 will be the outcome.
You are right that is Sunniva is still around, only a real estate REIT may want to buy the building.

At March  31 , the last statements  available, Sunniva had trade  payables of almost 13 million owing. . 
In addition to the bridge financing payable two days after proceeds from any Canada sale, and another 2 million note , they need to fund losses from current operations. I read somewhere that sales  of Sunniva products may be down this quarter, and have not seen one of those press releases talking about future purchase orders for quite a while. The cash crunch in the second quarter might be worse than the first.?????

Of course it's a matter of opinion, but my opinion is the end is near, as I just don't see enough sources of cash, even if they sell the land in Canada.

Canaccord has downgraded them now, and Canaccord was the source of money from their prior placements. I am not sure who can bail them out , or raise money for them now, and but at some point those creditors  who must be way over due now, will want their money. 
Of course this  is just my opinion. I don't know whats going to happen in the future or even tomorrow.

I just see so many investors following pictures of a building they don't own, instead of reviewing the actual statements, to make decisions