3 Pot Stocks With Less Than $100 Million in Cash
Cash is at a premium in the cannabis industry these days. For investors, it's an important consideration when investing in a pot stock because those without much cash on hand could be in for a rough ride, especially as the economy struggles.
Here are three U.S. pot stocks that reported less than $100 million in cash in their most recent earnings reports. Let's take a look and see if these companies have enough money given how much cash they're burning through and whether investors should avoid them for the time being.
Cresco Labs (OTC: CRLBF) released its first-quarter results of fiscal 2020 on May 28. In the report, the company's cash and cash equivalents as of March 31 totaled $68.6 million. That's up from the $49.1 million that Cresco had on hand as of Dec. 31.
Source Fool.com
