RE:RE:RE:RE:RE:RE:RE:Today looks like another write offHow sure are you that Canopy's top line sales revenue will be close to the analysts consensus estimate of $89 for this reporting quarter? Especially when none of the other major weed companies came close to their consensus estimates for this quarter so far. In fact, how sure are you that their sales revenues will even beat Aurora's new high end guidance of $55M?
Especially since Linton acknowledged that a
reading of current financials would lead one to question the company' sustainability. This definitely does not sound like good news to me for the Q3 financials. krisruna wrote: Q3 earning may not be that terrible.
Analyst are expecting 89 M revenue. ACB guided 50 to 55 M. Canopy should be higher than this. So, we should be closer to 89 M revenue.
In terms of loss, last Q was 335 M loss. One big item was share based compensation which was 99 M. This Q3 this item will disappear (because stock PPS on 31st Dec was lower than previous 3 months ago. So, loss should be significantly lower.
Bottom Linev - (1) Revene not bad (compared to analyst expectation) and (2) Loss much less than Q2. Thanks.