The next 12 months....It's clear that the Canadian retail pot market was a huge failure -
Large unsold inventories, depressed prices, market consolidation of the biggest players and huge billion dollar write downs - it is an industry in crisis. And Lifeless is in the worst sector - medical resellers. Yuck.
So what's next? (These are just possibilities)
- Start selling parts of the business to raise cash
(there will be no more new investment)
- Try to find a dance partner - but they probably already did that and no one wants to partner with a failure.
- Lay off staff
- File for bankruptcy protection. Mid 2022.
Your thoughts?