RE:Canopy Growth, it's WAY worse than you think 10$ by Octoberjoeman wrote:
One of the main reasons for Canopy’s tanking share price is the fact that it continues to lose money. In its most recent quarter, the company lost $1.28 billion, more than 13 times revenue for the quarter. Granted, most of this loss was from extinguished warrants: the operating loss was “just” $109 million. However, that $109 million operating loss is still way higher than the company’s reported revenue, which suggests that the company is having a hard time controlling expenses.
Eve&Co appears to be doing fine. They reported a profit for last Q and 6month ending June 2019. Canopy should think about making some serious cash and breaking even.... Or they'll end up running out of money.