RE:RE:Sell and runAgree the acquisition with shares wasn't the wisest move, but, it was the option with a cash strapped organization after the 2018/2019 marijuana sell off. 783,484,686 shares out as of July 10, 2021 (
Heritage Cannabis Holdings Corp. (CANN:CNX) | CSE Stock Price | TMX Money). That's a tough pill to swallow.
From the @HeritageCann twitter feed, the acquisitions were necessary to lay the ground work for establishing supply lines, manfacturing, distribution networks, product creation, etc... A reverse split, while never popular with investors, might be the only option.
While
cautiously optimistic, some political legalization work in the USA and uptick in the financials will help make this company run. For the interim, the team continues to raise awareness and chart the path forward.
GLTA.