Adding insult to injury.....I hope you're enjoying the show......Please remain seated at all times & above all DO NOT remove your proective eye wear at any time!
Results were pretty bad, as expected but expected much worse. Since they didn't fully implement ALL their impairment charges to its maximum utility, they gave the aura or false impression of being not as horrible as they should have been. If that's any consolation to our audience, all the better. But they cannot delay those massive impairment charges/Writeoffs forever. They will come!
As for the insult itself, as they are clearly worried about being able to sustain current operations going forard and their huge cash burn, they've just filed ANOTHER shelf prospectus to sell an additional 5M shares to your wonderfully already bloated share captial.
With this not-to-tasty finanical results from Canopy AND the surprising developement from Aurora yesterday evening to dilute their shareholders to hell, i think it will be an under statement if this doesn't end well for our old poor & struggling Cannabis sector today. Especially if the general markets don't cooperate.....
GLTA