RE:UHHHH OHHHHHHHHHHWant to know who this Starsearcher character is. Read the following and see if he checks all the boxes.
https://www.reddit.com/r/Superstonk/comments/mkos3f/analysis_research_of_paid_stock_bashers_same/
Starsearcher80 wrote: Well Clowns, do you remember me bringing up the issue of cash flow issues? Now, ask yourself this. Do you see anything realistically that is going to turn things around in the next quarter?....Or are they still going to be bleedly cash profusely. Correct answer is bleeding profusely. Well looks like I'm not the only one sounding the alarm on this now.
CFRA analyst Garrett Nelson reiterated his hold rating on Canopy Growth and reduced his 12-month price target to C$10 a share from C$14 a share.“While shares are up…we remain cautious, viewing the stock as a broken growth story,” he said. “Once again, management pledged to reduce operating expenditures and capital expenditures, saying that with a renewed sense of urgency, it is focused on achieving profitability in Canada.”
The company’s cash dropped by C$560 million to C$1.42 billion from the previous quarter and Nelson said he’s concerned that liquidity could become an issue in the coming quarters, absent the “unlikely” passage of federal cannabis legislation in the U.S.
So here's the thing Clowns. Canopy has 2 more quarters before being completely up against the wall. But companies don't wait until that point. So they'll do an offering MUCH sooner. But with their cash burn, and the current share price, the dillution will be devastating to shareholders. This raise will be coming far sooner than later, because the company won't want to seem desperate as they will be in a couple of quarters, not that they're already desperate now.
This stock remains a short's dream. As for the Clowns here, read the part that I highlighted again. Welcome to the next chapter of your own personal financial Hell.