CashflowCash is king, and they've finally realized they have a major f--cking problem. And Terry takes one for the team. $156M cash left at Dec 31, operating quarterly cash burn in Q1 was $95M. They are going to need to hammer that ATM hard hard hard to survive. And cancel all CAPEX. I'm not convinced they can operate their way out to positive EBITDA, but time will tell. Regarding the $1 billion in goodwill/intangible writeoff, they should have bent over and taken the full package right up there all at once. Going to be problematic for the auditors at year end. Expect more writeoffs at the end of each quarter as the business contracts to survive.
Still think its a race between HEXO and ACB who goes down first, unless of course they find a sugar daddy to bail them out...GLTA
Skater