No it's not.Canopy issues are old news - well known and factored into their share price and cannabis sector in general.
High debt is hardly uncommon in the sector - Hexo had defaulted on it;s debt payments and would have declared bankruptcy without the acquisition by Tilray.
Zenabis DID declare bankruptcy and was bought by SNDL for a lousy $60 million.
Tilray will be out $200 million cash if Medmen declares bankruptcy.
Did the poor busienss decisions by Tilray cause worldwide panic in the cannabis sector?
The list goes on and on - it's pretty common knowledge for any reasonably informed investor.
Do you think Tilray's losing $1 billion last quarter had nothing to do with the share price hovering between $2.00 and $2.25?
NAHHHHH - it's because of Canopy rew-riting debt, redcuing iut by $400 million and saving $40 million in interest charges. Right.
Post by
Ventura2020on Jul 14, 2023 9:56am 
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Post# 35540997
This is why