GREY:WLDFF - Post by User
Comment by
paradinion Jun 29, 2020 7:25pm
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Post# 31205511
RE:Ontario Stores coming soon!
RE:Ontario Stores coming soon!
I spoke with one of the city Cannabis founders, they are ambitiously waiting the approvals to start their buildouts( they are unfortunately paying rent while they wait for the approvals) Probably one more year of challenging results, but if they can get through the financial crunch of opening the Ontario stores they should turn that corner. My only fear is more share dilution, as they don't have much cash on hand. The private raises at 15cents don't get much value for current shareholders, and the loans do not not come cheap to small caps in this industry. I expect this company will pull through but it may still be painful in the short term.