GREY:NEPTF - Post by User
Post by
goldstoryon Oct 13, 2021 11:51am
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Post# 34001255
From August Q report transcript
From August Q report transcript"However, cannabis today generates less than 10% of the revenues, but accounts for more than 20% of the total cash burn. We believe cannabis will be a great long-term business, but the Board must consider if cannabis or other businesses are right for Neptune today. We are moving quickly to maximize shareholder returns and we will provide any updates at the appropriate time."
This is what MC said in August Q report meeting.
My guess is that MC wants to spin off/sell cannabis operation. I am not sure that BoD is happy with his idea. It just upsets me that after destroying B2B cannabis oil extraction business and burn the all bridges with the potential partners he said this.