RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Canopy to Report Debt Free ???caretired1 wrote: If I read the cash flow stmt right, aside from Biosteel they lost $180 million cash in the 6 months ended Sept 30, ignoring changes in working capital, so ops were burning 30 million a month excluding what they burned with Biosteel. Maybe its not 30 a month now, but its not producing cash flow. If they could close on the purchases of Wana, etc, maybe there is positive cash flow there, but they can't yet.
BioSteel was not net positive so it doesn't matter what cash they were bringing in from sales, it didn't cover the cost of having them as part of the Canopy Growth Company.
You just look at the cost factor that is now removed from the operation to see what the company is now saving from not having BioSteel Around.
If you think your numbers are right then what you are projecting is a $360 Million Dollar per year savings.
180 over 6 months x 2 = $360 million