Summary by Futu AI
Canopy Growth Corporation, trading under the ticker CGC on NASDAQ, has been actively engaging with investors and analysts to address concerns and outline its financial strategy. In an interview on February 15, 2024, CEO David Klein discussed the company's financial position, including a cash balance of $142 million and a net loss of $216 million for the last quarter of 2023, attributing the majority of the loss to write-downs of U.S. investments. Klein emphasized the company's focus on reducing its debt, which stood at approximately $600 million Canadian at the end of the quarter, and its plans to equitize $100 million in a deal with Constellation Brands. He also addressed investor concerns about potential dilution, stating that any equity usage would be for...Show More