RE:RE:12.00Traders playing ping pong to push the price higher to exit their positions or try to recoup some of their losses... more red a comin
Canopy has no idea of the business they are in and what customers want or need !!!
Klein was a mere Constellation bean counter and his TRUE COLOURS are showing
The big hit this quarter came from writing down $87-million worth of cannabis inventory after demand was less than expected in Canada. That resulted in gross margin of negative 54 per cent for its fiscal second quarter, which ended Sept. 30, the company reported Friday. It recorded a loss of $163-million in adjusted earnings before interest, taxes, depreciation and amortization. Analysts expected a loss of $50.2-million, according to estimates compiled by Bloomberg.