RE:RE:RE:RE:RE:RE:RE:RE:Apparent Shopper’s agreement You must have some information that the public doesn't if you know they have completed their buildout mate. I haven't seen any news about that and I am sure that would be something they would be happy to press release. I do see quotes after each raise from the CEO that go something like "the money raised gives us the runway to execute our business plan". Pretty short sighted if their business plan only extends for the one month runway that the raise gives them.
Hey mate! Where are they getting the money from to pay their bills? A company that claims to be global and have hundreds of employees just doesn't turn off their burn taps. They are probably doing a raise right now. They use some
of their last raise to pump their stock, raise capital at a discount to market based on that pump and then they stop paying to pump and the stock goes down, leaving the new investors high and dry. If you want to make some money with Avicanna ride that cycle, it will be going on for a while.
I think Avicanna has tremendous potential. I just can't see how they will pay to execute their business plan without at best diluting investors, which by the way will take away from "the most undervalued company in Colombia" pretty quickly. More realistically they will run out of money and go the way of a lot of cannabis companies like you mentioned.
While I was digging into press releases to get some facts I noticed the term of the $5 million loan they took. The lender can recall that loan at any time. So whoever that group is that provided the loan has Avicanna's head in a guilotine. One wrong move and it's off with their head! Or will
they just easily raise another $5 million dilutive from Peter to pay Paul?
Raise, revenue, bankrupt? What's your expert insider opinion?