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Alcanna Inc. T.CLIQ


Primary Symbol: LQSIF

Consumer Cyclical Healthcare Specialty Retail Cannabis
Alcanna Inc is the private-sector largest retailer of alcoholic beverages in Canada and in the top 3 in North America. The company operates 240 stores under the brand names Wine & Beyond, Liquor Depot and Brown Jug in Alberta, B.C. and Alaska. Alcanna – owned 25% by Aurora Cannabis Inc after a $138 million cash injection in 2018 – also owns the Nova Cannabis brand with 5 stores in Alberta and 1 in Toronto and anticipates reaching 100 Nova stores by the end of 2021


OTCPK:LQSIF - Post by User

Alcanna Inc. > CLIQ Selling 40+ stores in Alberta
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Comment by Pat123on Feb 25, 2020 1:48pm
126 Views
Post# 30731779

RE:RE:RE:CLIQ Selling 40+ stores in Alberta

RE:RE:RE:CLIQ Selling 40+ stores in AlbertaYou are right! They are definitely in cash distress. Their balance sheet is thin.  However, they still have a business that should do well even in recession. We should wait for the next results and see how bad the situation is. I hope bankruptcy is not an option.  It's crazy to see how much cash have they burned since they have cut their dividend.
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