RE:RE:It has 1.4b cash. Why not to buy the notes with some of it?Any dilution is not favorable. But like I said yesterday, constellation stepped up to the plate again and instead of asking for their money they took shares instead. I haven't seen the video today we're constellation brands completely solidified their support of canopy but I heard it was pretty clear cut. I like that canopy kept the cash on hand rather than using it to pay down debt. There's a few more medium sized Acquisitions in the US I'd like to see. If constellation declined the shares and demanded their cash, that would be a sign of trouble. The fact that they did not do that and then went on TV and reiterated their support for canopy, alleviates any reservations I have.
yp01048 wrote: They need that money to run the company and or possible acquisitons, build out the US operations etc etc
August will be the next PR and well, at this point i dont know what to expect.
Today sure feels hopeless.
Last quarter they burned thru 100 million, so hopefully this quarter is comes in less with all these cost cutting initiaves etc. But i doubt it.
Some are calling this the absolute bottom for cannabis stocks. Pretty much everthing is tanking.
CGC will issue 34 million more shares, and TLRY im sure is going to be announcing the same soon.
TLRY has over 700 mil in debt and a lot less cash on hand.. and no where near the footprint that CGC has in the US, so the idea that Tilray is now better than CGC is absurd..
I would actually love to hear form the OGs.
WTN, West, Home and Tim..
What are your thoughts?