See the Cannbiz Aus story below.
Anybody who knows the Australian market knows the Cannabiz saga that has been going on for getting close to a decade now.
Money exits their organisation like…
Where is all the money going?
Well, that we will never know but a little birdie told me recently that a good % of it goes to the company directors wage packets
It would be interesting to know how much the following are all paid on an annual basis
Information is scant but , if indeed, Pilcher is earning $AUD375K as a base wage it would suggest at a minimum other board members are raking in at least 60% of that as a conservative estimate.
It isn’t hard to see how the money slips through their fingers with such ease. I’m guessing that board and executive are swallowing at least $AUD1.5 million pa before a product has even walked out the door.
Cann Group it appears from the outside spend all their energies on raising money which in ten is immediately disbursed as renumeration rather than being invested back into the company.
I really can’t imagine it is that sustainable for much longer.
