Some Pot Companies Are Months Away From Running Out of Cash
- U.S. firms better positioned than Canadians, Ello Capital says
- Aurora has 2.3 months of liquidity, Tilray has 3.7 months
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Liquidity is a more pressing concern for Canadian cannabis companies than for their U.S. counterparts, according to a new report.
Large Canadian pot producers have a median of 6.5 months of cash, compared to 14.4 months for U.S. multi-state operators, cannabis investment bank Ello Capital said in an analysis of firms’ balance sheets, cash flow from operations and capital expenditures.