RE:Canopy is another barometer that investors heregeodcan wrote: watch. What did everybody get out of Canopy's financials from a couple of hours ago.
Overall, I thought it wasn't bad but so full of accounting new generation entries that I am unfamiliar with and fail to see reason to include.
I have doubts that even the professionals dealing with accounting and legalese know what they are saying.
I strongly believe that accounting forms need to be standardized and legally sworn and also written by a laymen. No more and no less than what is required for all investors to get a fair financial picture and accountants to get their honour back.
Their margins improved a great deal and the rate at which they are paying down debt is impressive. Those two simple take-aways make me see the report as favorable.
Their earlier products were not of great quality and their drinks were down right nasty (they were part of my Cannabis Drink review DD). Under the current management they improved product quality a fair bit so that is going to help them retain and gain buyers on their products.
I doubt Canopy is going to fail despite what many may be thinking due to the beat down the shares have taken.
jmho