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Canada's Canopy Growth Burns Through Cash; Analysts Warn it May No Longer Be a Going Concern

Canada's Canopy Growth Burns Through Cash; Analysts Warn it May No Longer Be a Going Concern

Canada’s Canopy Growth was one of the early movers into the Lesotho cannabis space but exited in 2018, selling its assets to Highland Investments. Life hasn’t got any easier for the multinational which posted a C$648 million loss for the last quarter, raising doubts as to whether it will have the firepower to enter the US market, or even manage to stay afloat.

Cannabiz Africa

23/06/28, 12:00

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