Financials were GOODEveryone ranting financials were so bad. You forget that CGC had to invest to
1) create mainstreet
2) build out aditional growing space in a big way
3) pay legal fees for the mettrum deal and pesticide scandal.
4) they had 60mil of product unsold onmarch31
5) had to get the industrial oil extraction up and running. WHICH IS HUGEEEE.
6) if you look at assets on the top of list the company has 700million dollars of ASSESTS allready! Which means at current price we are trading for only double the worth of the company 3 MONTHS AGO. At first I was worried about negative EPS and right now it looks bad, except look at what has been done for the last 3-6 months? Huge investment and money making mechanics are being put in place to reap huge rewards later on...
Im not happy witht he current SP. and hope it goes up sooner then later, but profitability is not a doubt with this companies enormous infastructure in place now just STARTING. I did not panic sell even though the bashers made me scared this stock might go to 6 or 7. Fact is , it wont. Profits are irrelavent right now compared to massive infastructure improvements.