RE:Headline Says it AllThanks MasterPeace. Good comments. Klein indicated to the DLR report, a few days ago, that the US businesses are profitable. We will get to see a glimpse of the US financials over the next few months. Of course they will be separate from Canopy's financials but should give us an indication of growth and profitability.
You mentioned institutions, well one institution decided today to take a convertible debenture, so that is somewhat positive. Remember institutional ownership is less than 5%, so once we see SAFE, I forecast institutions will begin investing. Net debt of Canopy after this debenture will be $276 million, of which $59 million is short term debt and the remainder is LTD. There is currently $32 million in debt due before 2026. In summary, they have given themselves a life line at least for a few years.