Buzzkill: Many Public Marijuana Companies Have Just Several Months Worth Of Cash Left


While the idea of marijuana companies has certainly been a hot topic in the public market space – especially since Tilray’s epic short squeeze in late 2018  – companies in the sector have been silently burning through their war chests of cash, leaving many just months away from being completely out of cash altogether.  Large Canadian pot producers have a median of just 6.5 months of cash left , according to Bloomberg . This compares to 14.4 months for most U.S. multi-state operators. .EN.

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