GREY:CNTTQ - Post by User
Comment by
HHAPPYon Oct 14, 2019 2:07pm
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Post# 30228736
RE:RE:No Inventory left. That’s bad
RE:RE:No Inventory left. That’s badRead the PR today
" The destruction process will allow the Company to free up much needed capacity to both implement remediation measures and store material that has been grown and processed in accordance with the Company's license since April 5, 2019."
They are producing product since April 5 so inventory will be available should they get approval to resume sales.
The cash in the bank must be somewhat reduced but the $70 million burn does NOT affect that number which was approx $250 million at time of the halt.