WeedMD’s cash pile shrinks despite record revenues

Mugglehead
By Jared GnamJul 16, 2020, 2:32 pm230 pts
While WeedMD Inc. (TSX-V: WMD) reported record first-quarter revenue of $12.2 million, the Canadian outdoor producer faced tough questions about its low margins and shrinking cash pile. On Wednesday, the company released its financial results for the quarter ending March 31, booking a net loss of $9 million…

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