Cannabis Central: 21 Companies Running Out Of Cash - Lower Stock Prices Likely; Bankruptcies Possible - munKNEE.com
Friday , 30 October 2020

Cannabis Central: 21 Companies Running Out Of Cash – Lower Stock Prices Likely; Bankruptcies Possible

…Even though the cannabis industry has been absolutely destroyed in the past 12 months (-76.8%), the cash crunch that contributed to the sell-off isn’t over. It begs the question: “Who’s next to kick the bankruptcy bucket?”

This article is an edited ([ ]) and abridged (…) and, in some cases, paraphrased version of the original article by Scott Willis of Grizzle.com.

This article identifies the following 21 companies that are still starved for cash and which, unless they can turn a profit and survive without one fundraising effort after another, are in for further stock price declines and possible bankruptcy.

  1. Cannabis Strategic (NUGS) – 0 months of cash
  2. MariMed (MRMD) – 0 months
  3. Sunniva (SUN) – 0 months
  4. Green Growth (GBB) – 1 month
  5. Cansortium (TIUM.U) – 1 month
  6. Terra Tech (TRTC) – 1 month
  7. Emerald Health (EMH) – 1 month
  8. Harvest One (HVT) – 2 months
  9. MedMen (MMEN) – 2 months
  10. Green Organic (TGOD) – -2 months
  11. Zenabis (ZENA) – 2 months
  12. Decibel (DB) – 2 months
  13. Indus (INDL) – 3 months
  14. MJardin (MJAR) – 4 months
  15. CannTrust (TRST) – 4 months
  16. Vireo (VREO) – 4 months
  17. StillCanna (STIL) – 5 months
  18. Harvest Health (HARV) – 5 months
  19. Aurora (ACB) – 5 months
  20. PharmaCielo (PCLO) – 5 months
  21. CV Sciences (CVSI) – 6 months

…Yes, a few of these company’s will beat the odds and grow cash flow enough to pay the bills but picking the winner is amazingly hard at this point and the chances of failure is high. In our opinion, investors should focus on buying pot stocks with cash and a track record of execution, whatever the cost.