RE:RE:RE:Canopy Press Release - New Product Line LaunchThe company is in business, selling product, rolling out new products and actively trading on the NasDaq, I am sure we can all agree on those facts.
Canopy recently closed a $35 Million Dollar Private Placement in exchange for shares. This is pretty easy to confirm as well from their News Release.
If they should happen to need more cash then we can speculate on their chances to have more investors step forward to again provide funds from another Private Placement for shares. No one likes to see Private Placements however it's a reality on companies that yet to turn EPS positive.
I believe the company was sitting on apx 1.4 Billion in debt last year, now it's down to around $400 Million.
They're not bankrupt -> they are paying off their debt and re-structuring for profitablilty.