sneakysneaky wrote: "Fortunately," Canopy's earnings have no bearing on Tinley's.
Canopy's earnings were fugly, to say the least.
Canopy Growth Corp. pushed back its profitability target as it reported a $16.3-million loss in its second quarter.
The Smiths Falls, Ont. cannabis company previously predicted it would be profitable in the second half of its 2022 financial year, but said Friday that reaching that goal will take longer than expected because of market share challenges and a slower-than-expected U.S. launch of its BioSteel products.
"Overall, we are not satisfied with where we are today," chief executive David Klein told analysts during a conference call to discuss its latest financial results.
While Klein promised the target will still be reachable, he characterized the delay as part of operating in an industry that's still finding its way.
"Make no mistake, like any new industry where potential is immense, progress is rarely seen in a straight line," he said.
Canopy's earnings not going in the same direction as Tinley's, that's all she wrote.
sneakysneaky wrote: Canopy expects to be profitable by Q2 2022, the company is supposed to release earnings today/tonight.