Canopy Growth Corp T.WEED

Cash Burn????

[Newbie420]

Cash Position: Cash and Short-term Investments amounted to$2.1 billionatJune 30, 2021, representing a decrease of$0.2 billionfrom$2.3 billionatMarch 31, 2021reflecting EBITDA losses and capital investments

CashPosition:

CashandShort termInvestments amountedto$2.0 billionatSeptember 30, 2021,representingadecrease of$0.3billionfrom$2.3billionatMarch 31,2021reflectingEBITDAlossesand capitalinvestments.

Cash P o s i t io n :

Cash and Short-term investments amounted to $1.4 billion at December 31, 2021, representing a decrease of $0.9 billion from $2.3 billion at March 31, 2021 reflecting EBITDA losses, capital investments and the upfront payment made as consideration for the option to acquire Wana Brands upon federal permissibility of THC in the U.S.

From Q1 2022 to Q3 2022 Canopy's Cash Position decreased from. 2.1 billion to 1.4 billion. A difference of 700 million. Where did this money go? Look no further than the wana and Supreme purchases.

-297 million for wana brands - 84 million Cash + shares for supreme

Without these 2 purchases, Canopy would still have close to 1.8 billion in cash. This is all while rapidly building out the US platform.

Instead we have 1.4 billion in Cash and the number one Position in premium flower in Canada thanks to Supreme and the number 1 edibles brand in North America.

Would you rather Canopy have 1.8 billion in the bank or 1.4 billion in the bank along with Supreme and Wana in the stable?

I'll take the 1.4 billion plus the brands every day of the week.

There will be very little cash burn in Q4. Starsearchers incompetence will be laid bare for all to see. His August bankruptcy Call and his Cash raise predictions will be shown to be nothing more than complete lunacy.

Look for a really strong Q4 barring any surprise acquisitions.

Whenever someone starts using numbers always look what is behind the numbers. Statistics and numbers are a liars best friend if presented to an unmotivated audience.

There's your red nose starsearcher. Your outfit is now complete but you will never be Clown enough to join our club.

Clown car ++++++++++ out!

[Invinciblone]

Thanks for the post I know what he is a liar out to mislead other investors. time other see him for what he is before he moves in to his next Alias I think if you follow his pattern it's starsearcher160 next starcrapper20, starcrapper40 are already used up he claims he "forgot" his password lol  

[Starsearcher80]

Well Newbie, good to see you rise to the challenge of doing a thoughtful post.  Again, it doesn't matter whether I agree with it or not (and I don't).  Your effort is appreciated and good food for thought.  Do you see how this works Clowns? Add something of value, and you will garner respect. Newbie, back to you: By your own math: If some of the $700million cash burn was

[Newbie420]

Nobody's talking to you you narcissistic megalomaniac.

[Starsearcher80]

Bwahahaha. I knew it wouldn't last! Being credible is just wayyyyy to much for you. Back to Clown status for Newbie420!

[TheProphetElijah]

I guess an obvious answer here is do what any over stretched company would do - downsize. Which would include lay offs and closing down cultivation space not necessary for over estiamted demand.  Even for a giant like Canopy this shouldn't be hard to implament. Or pursue other markets in Mexico, UK or Germany.

[Starsearcher80]

Cannotpy IS doing this, at pennies on the dollar. And even with this, they STILL are losing money badly. And how much more will they have to write down. DEAD MAN WALKING