RE:RE:RE:RE:RE:Reverse Split Canopy Information avaliable indicates that the company has enough funds on hand to make it for quiet sometime in consideration of actual cash needs and considering what expenses were actually related to asset value write downs vs actual cash used to fund the operation.
They have been launching new products, these too will add incremental sales and revenue numbers going forward. If they should proceed with the sale of BioSteel this too adds to their cash position. I noted that I am not a fan of this option but it is what it is.
The company beat street estimates on their last report. From what I can see the sceptics are being too sceptical at this moment in time and that Canopy Management is doing better than what many are giving them credit for.
I am not going to suggest anyone Buy / Sell / Hold however I started a position on this one as I see there being a potential recovery to the SP and one which the market may be grossly overlooking.
Be cautious, take a chance, sit on the sidelines however nothing ventured is nothing gained and I am willing to take a chance with a small to moderate position and holding to see what the future holds.
As always, DYODD
GLTA
Q