FundCanna CEO Adam Stettner Says Delinquent AR Is An Issue In This Industry; Says It Is Hard As A Purchaser To Make Payment On Goods When You Don't Have Revenue From The Goods You Purchase, Says Important When Looking At Debt To Look At Repayment Terms And How They Line Up With Revenue Schedule
Portfolio Pulse from Benzinga Newsdesk
FundCanna CEO Adam Stettner highlights the issue of delinquent accounts receivable in the cannabis industry, emphasizing the challenge of making payments without revenue from purchased goods. He stresses the importance of aligning debt repayment terms with revenue schedules.
October 08, 2024 | 6:20 pm
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The cannabis industry faces challenges with delinquent accounts receivable, impacting companies like MSOS. Aligning debt repayment with revenue is crucial for financial stability.
The mention of delinquent accounts receivable in the cannabis industry suggests financial strain, which could negatively impact MSOS. Aligning debt repayment with revenue is critical, indicating potential short-term financial challenges.
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