RE:Bankruptcy possibleMajor consolidation is long overdue for this biz. With the exception of Cronos, everyone's balance sheet is mess, and has been since legalization. I can't believe the amount of money that's gone down the drain over the last 3 years.
Maybe the BOD has a plan for some kind of business combination, and is starting to pare down mgmt (e.g. CEO's departure). Major consolidation, IMO, is inevitable - and is about to start. The current biz environment is not sustainable.
So, short term, I think we'll see some big time pain. Could be a good buying opportunity if you're patient and luck out on the timing.