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MYM Nutraceuticals Inc MYMMF

MYM Nutraceuticals Inc is a Canada based company engaged in the business of acquiring and developing natural remedies. The company is focused on the medical marijuana business by producing cannabis growing facilities and products.


GREY:MYMMF - Post by User

Post by NLMooseon Apr 24, 2021 7:39pm
191 Views
Post# 33062371

Should We Be Concerned With IM Cannabis' Financials

Should We Be Concerned With IM Cannabis' Financials

After reviewing the IM Cannabis financial statements, having them takeover MYM is not a good idea.

In fact, when I went over the IM Cannabis Financial Statements, while they revenues have gone up, they haven't turned a profit as they incurred a $5 million loss.

Logically speaking, when sales go up, IM Cannabis should be turning a profit, not a $5 million loss.

Now you know why MYM Nutraceuticals investors should say NO to the IM Cannabis takeover, especially when the latter is incurring more losses as opposed to a profit.


 

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