RE:Canopy has $753 Million in Cash This company is a complete shot show and deserved to get blasted down to .50 usd a share. That said,
1. Their balance sheet seems to be cleaning up, if they can continue to clean it up than good.
2. They had negative gross margins due to biosteel. If they actually can get to 30% on 400 million that will help.
3. The big one is they have to reduce their SG&A by roughly 140-160 million. At 313 million that's too high.