Cannabis Stocks Forum & Discussion

Welcome to the Cannabis Investing Newsletter Forum. This is for the cannabis stocks forum & discussion. Feel free to find your favorite cannabis stocks and contribute content as you please; content that continues the discussion of, and analysis of, cannabis stocks. – D. H. Taylor

Notifications
Clear all

Plus Products PLPRF Stock Bankruptcy, What to Watch For

2 Posts
2 Users
0 Likes
85 Views
D. H. Taylor
(@dhtaylor)
Noble Member Admin
Joined: 2 years ago
Posts: 939
Topic starter  

Plus Products PLPRF stock has filed for bankruptcy protection in Canada.  This was brought to my attention from one of my subscribers here, although I had seen headlines on this.  This follower, John, is invested in Plus Products PLPRF stock.  Plus Products PLPRF stock is on my list of things to do her on this site.  But, since one of you reached out to me and it is a potentially bad situation I figured I would put together a piece on this.  My hope is that you can put together some pieces to see what went wrong here, with Plus Products PLPRF stock, and potentially stay away from these stocks.

Mind you, there is no certainty that Plus Products are not going to reemerge from bankruptcy protection and not be in a better place.  So, for this shareholder, this is an anxious moment.  Oftentimes, these things do not turn out well.

The real reason Plus Products went into bankruptcy, from what I can tell, is that they have an upcoming bill due that they have no way of paying: Warrants are coming due at an exercise price of about $6.50 with a stock price of what was $0.30 per share.  By restructuring, they may be able to save themselves.  They have cash with what I can see being about $6.5M as of the latest financial data release.

But, what they do not have is consistently growing revenues, most recent record revenue increase notwithstanding, in an environment where that is the norm.  Nor has Plus Products PLPRF stock achieved EBTIDA profitability.


Quote
awesame
(@awesame)
Trusted Member
Joined: 11 months ago
Posts: 33
 

The video appears to not be embedded on this page FYI.


ReplyQuote



Leave a reply

Author Name

Author Email

Title *

Maximum allowed file size is 10MB

 
Preview 0 Revisions Saved
Share:



Copyright Cannabis Investing Newsletter 2021 - 2022