RE:RE:RE:RE:RE:RE:RE:RE:RE:New Press Release - Canopy Growth Announces that BioSteel Obtains Court Approval of Successful Bids in Sale and Investment Solicitation Process Exactly - what a nonsense!
Achieved Q2 FY2024 net revenue of $70 MM. Consolidated gross margin was 34% in Q2 FY2024
Assume that the net margin is somewhere at 10% resulting in about 7 mio
Imagine the 15 Mio cost avoidance per month (45 p.q.) would be calculated as earnings - what they surely will not do due to the taxes.
That would catapult the gross margin up < 70 %
Let see who this’ll work out.