Numbers show Canopy Growth struggles in every marketCanopy Growth has industry low gross margins, bad EBITDA with revenue growth stalling. Canopy Growth's adjusted gross margins of 21% in the quarter compared top cannabis producers around the world who have already topped 40% gross margins. The company's losses this quarter of C$64 million on an adjusted EBITDA basis are still massive and the free cash flow outflow was an insane C$186 million. Canopy Growth ended the June quarter with an inventory balance of C$412 million, up C$44 million from March, enough inventory to cover a full year of sales. Canopy Growth has a cash balance of C$2.05 billion, but the Canadian cannabis company now has long-term debt of C$1.55 billion. The company only has a net cash balance of C$0.5 billion after years of wasting cash on unused inventory and facilities costing C$1.1 billion without the associated revenues to warrant such vast spending. Canopy Growth no longer has a massive net cash hoard to bet big on the future.