GREY:ALEAF - Post by User
Comment by
1hot-techwomanon Jun 01, 2021 7:23am
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Post# 33301619
RE:Could be many years yet before AH ever becomes profitable
RE:Could be many years yet before AH ever becomes profitableImpIications wrote:
| AH is not profitable and therefore has a negative ROE that is not meaningful. | | | |
ya lets not look at Canopy which just reported a $1.7 BILLION dollar loss for 2021 !!!
-- Net Loss: Net loss in Q4 2021 of $617 million, a $710 million narrower loss versus Q4 2020, was driven primarily by Other Expense totalling $367 million during Q4 2021 attributable to non-cash fair value changes of $292 million and impairment and restructuring charges of $75 million primarily related to changes to our Canadian operations that were announced on December 9, 2020. The reported FY 2021 net loss of $1.7 billion, a $283 million wider loss versus FY 2020, was driven primarily by the year-over-year change in other income (expense), net, the reduction in the income tax recovery, and expected credit losses on financial assets and related charges, and partially offset by the year-over-year improvement in gross margin and reductions in selling, general and administrative expenses, share-based compensation expense, and asset impairment and restructuring charges