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

MJBizDaily
By Matt LamersSep 27, 2019, 3:23 pm206 pts
Cannabis producers in Canada with fewer than six months of cash on hand may have to rethink planned facility expansions if revenues continue to come in lower than expected, according to an analyst. Greg McLeish of Mackie Research reviewed financial statements of 50 publicly traded cannabis companies. He found…

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