IVITF - General Cannabis Does Not Sell Cannabis
With a massive amount of net income losses in its most recent quarterly report and large stock-based compensations, General Cannabis (CANN) should not be able to seduce investors. In addition, the massive amount of stock issued in 2017 and 2018 is quite worrying. Finally, investors should understand that General Cannabis and its peers are not producing cannabis. Their business model and income statement should not be compared with that of cannabis producers, and their valuation should not be that high.
Source: 10-Q
Business And Services Offered
Founded in 1987 and based in Denver, General Cannabis