Q: Could you please provide your outlook on this name? I lost 95% on this one in my TFSA, any chance this name may rebounds?
thank you,
thank you,
5i Research Answer:
GRN now has a market cap of only $13M, and it is very difficult for microcaps to attract new investor attention. It is down 77% in the past year. It had $11M cash at year end, but cash flow is still negative and the cash likely runs out before the end of 2024. Revenue is declining. There is always a 'chance' of recovery, but we would expect more shares to be issued, and dilution may be hard to overcome. We would consider it too risky to hold.