RE:Eight Capital: Neutral rating and US$17.00 target for TilrayProjections seem overly optimistic to me. By my calculation, cash used in operations in Q4 were a whopping $90.8M. They are projecting a total cash need of $100-115M in 2021?? with cash from operations 35-45M?? Maybe they are miracle workers or the trajectory is off the charts, but I don't see cutting $90 million a quarter to $10 million a quarter overnight. Plus the CAPEX $25-35M. They are going to use their $150M of cash plus need every dollar of the $200M atm program. GLTA
Skater