RE:RE:RE:RE:PotentialWashingShares wrote: CCAA is unavoidable in a situation like this. They can try and put it off but unless they magically get some sort of cash infusion in near future, they have no exit ramps to stave off the inevitable.
And honestly, who is going to give more money to a company bleeding cash like this? $60 million loss in quarter on a mere $19 million of revenue? Its just not sustainable and indeed laughable they pretend to be a going concern.
I wonder whatever happened to Raymond James and their pumping $.60 price targets? They came off here looking like azzholes and its comical that something like this is still allowed to trade on the TSE proper. Goes to show they have low standards.
Imperial brands will come through for Auxly !!