RE:RE:Shareholder LoyaltyI agree that long term Canopy is the place to be long term, but like you I care about both short and long term.
The 3.5x leverage is Constellation's ratio of net debt (total liabilities - cash) to ltm ebitda (last twelve months earnings before interest, taxes, depreciation and amortization). Total liabilities and cash can be found on the balance sheet, and ltm ebitda can be found on the income statement. When taking the ebitda, be sure the amount is from the 12 months ending period and not the 3 months ending period. I will try and keep an eye on this ratio and provide an update on the next quarterly release from Constellation.
Im hoping to see some positive industry new soon. Harvest Health and Recreation had what I thought would be a positive news release regarding an aquisition in Arizona today and the share price declined. Trying to make sense of short term fluctuations will cerainly drive one mad.
Glta