RE:Canopy Earnings Discussion These people are delusional. Why did WEED by a money losing company that has a 30 million worth of executive salaries for their US expansion???? Do you have any clue how much money it will take to develop 71 permits? Tilray will probably merge with Trulieve at some point and become a Global behemoth. IrishCanuck wrote: Do you think it's going to be a headwind or tailwind for the industry?
Their adjusted EBITDA was 85.7 million loss, and free cash flow was 190.4 million dollar loss. They closed down more greenhouses so we know there are going to be impairments next Tuesday which will be more big losses and the next quarter.
But WEED is $54.17 right now and the next tranche of warrants is only $50.40 and 88.5 million shares (4.46 billion in cash). That sets them up for cash but Constellation and Acreage dilutions are well, dilutions. There will be optimism in the US progress.
So all in all, bad bad bad fundamentals, but do you think that'll push things up?