GREY:CNTTQ - Post by User
Comment by
pulverizeron Aug 22, 2019 12:05am
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Post# 30053425
RE:CannTrust has over $242 million in cash- they will survive!
RE:CannTrust has over $242 million in cash- they will survive!Absolutely none of this is what Health Canada will consider.
Eggplant wrote: What is at stake:
800 employee jobs
NYSE exchange fees
TSX exchange fees
Health Canada fees for the fines.
They have enough money to weather the storm for at least 2 years.
as mentioned prevously, CannTrust is cleaning house swiftly and their SOPs ( Standard Operating Procedures are getting a tremendous facelfit to ensure that all employees follow the same procesess. Intrernal training is all ready underway to focus on compliance and the importance of each of their roles.
expect a full progress report from Robert interim CEO this will go hand in hand with the outcome of Health Canada and its stringent close supoervision verview of CannTrust wgiving it a green light. the quarantined cannibis will be detroyed but its a drop in the bucket. Cannibis grows like a weed. they will be able to scale to 200,000 Kilos b end of 2020 -early 2021.
shares will pop but this time it will be consecutive days as sorts will be running for cover. and as it rises each day short will try but with consecutive days the will be squeezed out.