Canopy Addressed nearly 1/2 Billion in DebtA good bit of the concern with Canopy was it's debt, as of the Press Release Friday they have the vast majority of the debt addressed throught non-diluting debentures. The terms also allow for a much lower cost to carry. Looking at the shareprice I can't help but wonder at the stupidity of the market as the debt restructuring and cost avoidance are both positives.
Marketcap on this one is less than half of the company's cash on hand and cash equalivants.
Anyhow, I seen the price as grossly understated last week, right now, it's insanely oversold.
Market Sets the price so I'm riding this nonsense out.
JMHO/GLTA