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48North Cannabis Corp. NCNNF



GREY:NCNNF - Post by User

Comment by Blizzy420on Aug 24, 2020 12:55pm
193 Views
Post# 31446217

RE:RE:RE:RE:No support

RE:RE:RE:RE:No supportI agree with what you are saying.  To put some more numbers behind it here they are.....

Cash Postion June 30 2019 - $52,765,000
Cash Position March 31 2020 - $17,821,000
Total Cash Burn (9 month trailing)
$34,944,000
Avg Monthly Cash Burn (9 month trailing)
$3,882,666

April 1 - Aug 31 (5 months) x Avg Monthly Cash Burn = $19,413,330

Assume they are bringing in sales of 3-5 million in the quarter and that once mighty cash pile is looking a little lean.

Cash $17,821,000 + 4,000,000 - 19,413,330 = $2,407,670 

I do not see the buyout option yet, but Cronos amongst others are sitting on the sidelines watching.    I have no doubt Altria would be interested in this infastructure and brand at the right time and price.


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