MJ Biz Report: Canadian cannabis firms burn through cash amid ‘unmitigated retail disaster’
MJ Biz Report: Canadian cannabis firms burn through cash amid ‘unmitigated retail disaster’
MJ Biz write
Greg McLeish of Mackie Research reviewed financial statements of 50 publicly traded cannabis companies.
He found that 21 have fewer than six months of cash when capital expenditures and cash flow burn are taken into account.
Full report
Canadian cannabis firms burn through cash amid ‘unmitigated retail disaster’
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