According to Tilray’s chief executive officer the COVID-19 pandemic is likely to force at least a dozen cannabis companies to file for bankruptcy. Most companies need liquidity as the industry is young.
“Based on the calls that I’m getting, I’m expecting another dozen more as funding has dried out,” he added. “If companies haven’t already strengthened their balance sheet, they’ve got a hard road ahead.”CEO of Tilray (BNNBloomber Interview)
Results: Loss of $1.73 per share on revenue of $52.1 million.
All posts made on this website are provided for information purposes only. None of the information here is intended as investment advice, as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any security, Company, or fund. Before making an investment decision, you should seek the advice of a qualified and registered securities professional. Candlr is not receiving payment or commissions from companies for shared content on Candlr website unless its specified. View full disclaimer HERE.