CANOPY GROWTH ONLY HAVE $360 MILLION LEFT.. CASH BURN CRAZY CANOPY GROWTH have $2.4 billion before... last year down to $1.3 billion
Now as of JUNE 2022 ....... CANOPY ONLY HAVE $360 MILLION left
This company burns about $500 million in 6 mths period... from now to December 2021, it's highly likely Canopy Growth going to be burning $600 to $700 million.
MONEY that Canopy doesn't have .... BURNING TOO MUCH CASH ... all their CASH going to be used up by late October or November.
WHAT DOES IT MEAN ? It means this company CANOPY GROWTH will become the next AURORA CANNABIS.
SINCE KLEIN ALREDY USED UP ALL ITS CASH THIS YEAR.. EXPECT KLEIN TO SELL MORE SHARES TO RAISE SOME MONEY .... Canopy Shareholders going to get diluted even more later on this year.. diluted from orange juice to worthless tap water.
CANOPY GROWTH IS A REPLICA OF AURORA CANNABIS
Overpaid for Supreme .... paying $435 million for that worthless company Supreme.
CEO KLEIN doesn't know how to manage the books... ends up burning all of the $2.4 billion cash in just few yrs ................ CANOPY ONLY HAVE $360 MILLION left ( it's following the footsteps of Terry and Cam of Aurora Cannabis.
You should know how that story went