RE:RE:Outlook for 2024These guys are really hitting it out of the park operation wise. It's amazing what they've been able to do, more than replacing Wana revenue and at the same time displacing Wana as the top selling edible. Talk about executing well.
It's a shame the industry is what it is and nobody has been able to figure out how to make a decent profit.
Hopefully that strategic review will turn up something as I believe they are basically out of money given their year end cash position and having to repay SNDL $2 million.
That Life offering I kept seeing in banner ads expired today so I assume it had no takers which isn't really surprising given the ask price. Plus they were only able to raise 906k out of a supposed minimum $2 million and maximum $4 million during the first go started in January. Not a good sign. They said Q1 is going to be flat with last year so likely another small loss. May see another financing attempt at 5 cents soon imo unless they figure out another route. I don't see SNDL lending them any more money given the news release earlier this month about calling back $2 million of the promissory note. Will definitely be interesting to see how this plays out.