Major Canadian players are running low on cash, and their U.S. counterparts aren’t doing much better, according to a new study from Ello.
MarketWatch
- The study found that on average the largest Canadian companies have enough cash to operate for six and a half months. The large public U.S. companies had enough cash for 14 months.
- Despite pot stocks still trading near all time lows, investment in private companies has begun to recover. A report from Viridian Capital Advisors found $1.2B invested in the first five weeks of 2020, compared to $886M in the same period in 2019.
Bloomberg - WW Canada has more.
