RE:RE:RE:Canopy to Report Debt Free ???Pump pump pump in hopes some dope doesn't understand ? There is next to nothing that is available to sell off and they resorted to dilution then going out to refinance... WHY ?
No interest and Canopy can not achieve financing from general market avenues because of massive risk factors ( premium interest rate) from down grading !!!
Canopy as it stands DOES NOT a have the funds to operate beyond 12 months !!
Their business model is in collapse mode and Constellation wants some money before it happens ... This will be the first wave of a few to come before the money runs out and expect more dilution to come in the next 12 months ...
you the common shareholder will be devalued and Klein / management does not care because it is Constellation in the drivers seat !
- Net debt balance was $411 MM at September 30, 2023, compared to $474 MM at June 30, 2023.
- Reduced overall debt by $364 MM to $681 MM in Q2 FY2024; total debt reduction of approximately $1 BN delivered since the beginning of FY2023.