RE:RE:RE:RE:Stock priceOrganigram is NOT profitable - Net income for the quarter ended Sept 30th was negative - 5M and for the year it was negative -45M.
Auxly was NOT profitable for the year ended 2023-12-31 however did show a small profit the last tow quarters. I will give you that one.
I mentioned HITI in my previous post. Their year end was NOT profitable but the last quarter was.
In other words the majority of Cannabis companies are not profitable with a few showing a first time quarterly profit.
The point is WHY is Canopy getting hammered while the Majority of other similar companies are up nicely today. Curaleaf and Verano are up 10% and 7.5% respectively.
All I can say is I hope Canopy is not looking at making another ridiculous acquisition