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.

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Canadian cannabis firms burn through cash amid ‘unmitigated retail disaster’

 

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