Be wary of peeps posting bad info.....I strongly suggest.......and advise......that anyone STILL invested in this OR looking to trade & invest at some point in the future, to be VERY cautious of some dubious characters on SH posting LOTS of mininformation & trying to misdirect you. Because IF you are working on the basis of either bad/false information or stuff that's just basically made up, 1/2 your battle for a successful trade or investment is ALREADY lost!
So when suspect characters like Whiplash (aka quinlash) or anyone else like OptiRED, ThePuppetElijah or even lowly NosePicker from Route 77, post insane 8S like Canopy has $1B in cash & equiv as of today......you KNOW you're walking into a minefield and have to be mindful of your surroundings. And just to clear up the $1B mystery meat question that our resident pumper Mr. Whiplash has stated, let it be known, by decree of King MoMo that Canopy DOES NOT currently have $1B in cash & equiv but they do have ~$1B in debt and maybe our friend Mr. Whiplash was confused and got them mixed up.
And just to clarify Canopy's cash position as well, Canopy currently has about $700M in cash and liquid investments, as of March 31, 2023. This fact was well stated by ME when Canopy came out with their earnings release a few weeks ago and if you followed my posts, you would know this without getting false info or being bamboozled by anyone in regards to that subject. Now, since we've settled that little mishap, you should also be aware of the following. With regards to Canopy's cash position and HOW long it will last, just "careful" take note of the following. As of March 2022, Canopy had $1,3B in cash & equiv on the books. Fast forward to now, a year later and as of March 2023, Canopy has about $700M. So you can see how fast that money is being burnt through!
So to get an idea HOW long Canopy has before they're insolvent, i'll be working on 2 assumptions. One, they don't dilute further to raise money (we all know they will at some point but stick with me here lol) and two, they're breaking even on selling their weed ( we all they're not & they keep losing with cog exceeding sales BUT keep sticking with me here lol). If this is the case my friends, then, they will have a cash burn of ~$500M per year, meaning the'll have enough cash to last until March 2024 or until Q2. Then it's lights out......
Those are the REAL facts my friends, and anyone posting anything different not being backed up by some crediible sources or actual events, it just posting PURE 8S........
I hope this has helped some of you poor folks who are "unfortunately" stuck in this, because you'll need ALL the help you can get and the first step on thr road to recovery is to stop listening to the wrong folks who post trash, lies & nonsense.....
And if you want my "wise" advice and still wish to gamble with this, then i STILL (as mentioned before in a previous post) think you're better off being invested in something like a Bitcoin miner like DMGI, which by the way is more or less at the same price as Canopy is right now, than actually staying invested & risking it in Canopy. IF you want to gamble! In a few months, one will be 2X or 3X the price it is currently now and the other will be cut in half.....again... on it's way out. But i'll let you fine folks figure out which will be which.......8)
GLTA