Canadian Cannabis Companies Have 6 Months Liquidity, Americans 14 Months Says Study

Canadian Cannabis Companies Have 6 Months Liquidity, Americans 14 Months Says Study

Marketwatch reports……..The largest Canadian marijuana companies have less than a year’s worth of cash left on average, and their U.S. counterparts aren’t faring much better, according to a new study by Ello Capital. “The entire sector is experiencing a considerable cash crunch,” a Green Growth spokeswoman wrote in an email. “Like many of our peers, we are closely monitoring capital and are working with key investors to secure additional funding.” Canadian companies have, on average, enough cash on hand to operate for six and a half more months, according to an analysis released Tuesday by Ello Capital, while U.S. weed…

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Source : CANNANNEW REPORT
Link to original : Canadian Cannabis Companies Have 6 Months Liquidity, Americans 14 Months Says Study
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