Supreme Cannabis Company Inc. (The) T.FIRE

got to have Cash on the balance sheet

[jfogarty12]

from  BNN

Cash to remain king for pot companies amid pandemic: Linton

When it comes to cannabis companies looking to survive the COVID-19 pandemic, it will help to have some cash on hand. That's what Bruce Linton, now executive director of U.S. cannabis operator Vireo Health International Inc., told BNN Bloomberg on Monday. Linton said his former company, Canopy Growth, as well as Cronos Group, are in a select group of well-capitalized pot companies that should be able to emerge from the current crisis. "I frankly don't see cash coming in. U.S. companies are very busy but their access to capital is quite limited," he said. Linton added that pot companies with dedicated medical patient bases, will also fare well, as medical marijuana has been deemed an "essential service" in many parts of the U.S. and Canada.