RE:RE:Canopy to Report Debt Free ???First off, I am pretty sure your number is wrong, secondly we need to consider the cost savings from BioSteel being sold off and those savings being applied to debt. The Company noted that some of the proceeds of the sale also went to debt repayment. With / without the sale of BioSteel Canopy Growth was paying down debt in earlier reports as well so I would suspect that activity is still on-going.
Canopy also released a number of new products over the past year. The Martha Stewart Gummies being the one most notable IMHO. Gummies are a top selling product, right next to flower, so incremental net sales figures will be contributed to Canopy's report and (again) could be used for debt repayment.
I am not going to beat a drum and "Proclaim" anything as 100% for-sure, that would be un-realistic. All I am saying is that the CEO of the company has noted, on serveral occasions, that their plan is to pay off the debt and gain EBITDA Positve within their fiscal (adjusted of course).
Their QTR report is expected by Feb 9th, so IMHO that's fairly soon and an easy period of time to wait out. Considering so much has changed (for the better) during the reporting period I believe that anyone getting frustrasted, worried, etc, would be better off taking their energy and focusing that into research and patience. The report may be more positive than what many expect.
I for one will not be speculating on the results of a report simply based on a SharePrice movement. IMHO the market is highly emotional and emotional traders / investors are prone to error.
I will also disclose that my timeframe for Cannabis investments is to wait for US Cannabis Legalization. This, IMHO, is going to be a MAJOR Positive Mover for this stock as well as for all other Cannabis Stocks. We seen this in late 2020 / Early 2021 when Biden took office on the promise to progress Cannabis Legalization. Of course he didn't do it however the price movements are there for all to see in the historical charts. With the Election coming up I am also optimistic that Cannabis Legalization could gain media coverage as Legalization will likeling (again IMHO) be used to win votes.
Best Regards