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CannTrust Holdings Inc CNTTQ

Healthcare Drug Manufacturers - Major Drug Manufacturers - Specialty & Generic Cannabis
CannTrust Holdings Inc is engaged in the business of producing and distributing medical cannabis in Canada. Its facility is located at Vaughan, Ontario in Canada. Its brands include LIIV, ESCAPE, SYNR.G and Peak Leaf.


GREY:CNTTQ - Post by User

CannTrust Holdings Inc
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(11)
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Comment by pulverizeron Jul 29, 2019 12:40pm
54 Views
Post# 29971055

RE:RE:RE:TRST sinks ago

RE:RE:RE:TRST sinks agoI'm saying it costs a fortune to keep these things running dead. Bonify may be paying RavenQuest $1.5mil in "services" but who is paying to keep Bonify on? The "company" is a private firm and doubtfully can tap into additional capital raises to keep it on. One would have to go through RavenQuest's balance sheet to see if there is any liability associated with it. Not all information is highlighted in press releases. I've seen RavenQuest openly lie on BNN several times.

Somebody has to keep CannTrust turned on during a 1yr suspension and if CannTrust enters a litigation that $200mil raise is at risk, so what's on their balance sheet outside of that $200mil?

All I am trying to highlight is that there is more liability than asset in an M&A. A savy operator would allow CannTrust to seek Chapter 11 and take it's assets off of it's hands similar to Ascent/Agrima in order to be financially worthy of any type of take over.
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