Some cannabis companies are mere months away from running out of cash

Liquidity is a more pressing concern for Canadian cannabis companies than for their U.S. counterparts, according to a new report.

Aurora Cannabis Inc. is near the bottom of the pack and the worst-positioned Canadian producer with 2.3 months of liquidity, followed by Tilray Inc. with 3.7 months. Aurora said Thursday that it’s cutting 500 jobs as part of a major cost-reduction effort. “I think people are looking for quality management teams that can effectuate a turnaround and have experience operating in a tighter environment than some of these early C-level teams,” Gerson said.

Hey if it weren't horribly overpriced and generally of poor quality, you might've had a shot at success with this! Still can't beat the BC buds in quality or price. That's never gonna change as long as the govt has a hand in the production here in Ontario.

Massive flow of tax dollars coming.

Turdeau will be the first drug dealer to figure out a way not to make money off of legalizing pot.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The Supreme Cannabis Company cuts about 15 per cent of its workforce, adopts new structureSupreme’s layoffs follow mass cutbacks in the industry in recent weeks with some experts predicting more to come this year
Source: globeandmail - 🏆 5. / 92 Read more »

The Supreme Cannabis Company cuts 15 per cent of its workforceThe Supreme Cannabis Company Inc. says it has cut about 15 per cent of its workforce. The Toronto-based company says it slashed about one-third of its corporate positions and 13 per cent of operational ones.
Source: CTVNews - 🏆 1. / 99 Read more »