RE:David Klein needs to go I'm not a Klien pumper but any means, but if all other lps and msos where taking off while Cgc was at these prices, I would agree. But the whole sector is messed up. Klien was put there by STZ. It's not like he had full reign to do whatever he wanted as 4/7 board members are all from STZ and most biq acquisitions he did required a vote I would imagine.
of course I don't know all the ins and outs of daily operations, but I'm more concerned with what they are doing to advance in the states. Clearly what is happening with SAFE/legalization is not guaranteed. While I would think safe would pass by end of this year, if not.. they must have contingency plan.
maybe the BioSteel deal will keep them afloat while they wait. I guess we will see next quarter. I read off Reddit that last quarter numbers didn't include 10-15 in revenue from Biosteel for some accounting reason
so this quarter we should be looking at 20-25 million alone from BioSteel, if not more.
hopefully they can include Wana gummies Canadian revenue. Don't know if that is even possible.
While I'm sure the Canadian rec side has declined.
I understand the debt, and the shrinking cash balance. But does everyone seems to forget the us assets. They are paid for and owned. Cannot be renegotiated, or walked away from. It's not like they completely squandered all the money, they used it to build out the us.