Canopy Growth continues cash burn, losing 99% of value over 5 years
CGC Canopy Growth Corp
$0.88 +1.04%
View chart & analysis → - 1Canopy Growth recorded operating cash flow of -25 million CAD for the recent quarter ended June 30.
- 2Canopy Growth shares have lost 99% of their value over 5 years.
- 3Canopy Growth is still burning cash and the outlook does not look good.
So what's the key point?
Canopy Growth spent 25 million CAD in the recent quarter. The situation is difficult as the stock value has dropped by 99% over 5 years.
Source Nasdaq +1 · View original ↗
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