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0.8¢ cann global limited

Hi BDThe company will not be allocating any funds in the short...

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YankieTank

161 Posts.

55

08/02/19

17:36

Post #: 37380343
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Originally posted by BigDaniel: ↑

Thanks Luke.

On the basis that the Bonify deal was struck directly with Medcan I'd assume that for now the agreement between the two parties still stands.

The two major caveats for the Bonify deal are probably;

* How will Medcan honour this MOU with Bonify given that the originally planned funding & aquisition is no longer available to Medcan? Where will they find the funding to fit-out their approved facility?

* How will Bonify respond to their suspension? Will Canadian Health Department be appeased & reinstate their licenses?

I personally feel that Bonify will pull through this however feelings are not worth much in the business world. For me the major hurdle for Medcan is funding for the fit-out.

Investors will probably be looming across the sector so I'm pretty adamant Medcan will succeed in securing funding for their fit-out at some stage in the near distant future.

I just hope CGL are still apart of that fit-out/funding/aquisition?

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Hi BD

The company will not be allocating any funds in the short term towards the Medcan facility fit out.

I may interpret that wrong but It would seem that it is still part of the big picture...long term

CGB Price at posting: 3.7¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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