Post by
nedstar71 on Jul 13, 2022 3:22am
Cash
Given they had $2.4 million as of March 31 and it's now mid July they may be getting low on funds given the losses we've seen in previous quarters and the expected revenue decline in Q2 over Q1. At 17 cents they'd need to dilute 30 million shares just to come up with $5 million. The prospects of taking more debt from Sundial may be there but that isn't ideal. An annoucement on this soon?
Comment by
QCINDIVALUVIN on Jul 13, 2022 10:54am
Nop, I got confirmation that their cash balance hasn't changed and us well over 2 millions. They have no intention of raising money as they will show profit for the second half of the year :)
Comment by
caretired1 on Jul 13, 2022 11:22am
Be nice if they could do some deal w canopy re wana for cash. Ie maybe give up the brand and mfg for them for 5 years- am I dreaming?
Comment by
nedstar71 on Jul 13, 2022 12:50pm
Thats good news although surprising. I think they would have had to pay close to a million in interest to Sundial since March alone, as well as the other usual cash burn. Niel told you this?