Greenway Greenhouse Cannabis (XCNQ:GWAY) Cash, Cash Equivalents, Marketable Securities : C$2.35 Mil (As of Dec. 2023)

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What is Greenway Greenhouse Cannabis Cash, Cash Equivalents, Marketable Securities?

Greenway Greenhouse Cannabis's quarterly cash, cash equivalents, marketable securities declined from Mar. 2023 (C$3.64 Mil) to Sep. 2023 (C$1.62 Mil) but then increased from Sep. 2023 (C$1.62 Mil) to Dec. 2023 (C$2.35 Mil).

Greenway Greenhouse Cannabis's annual cash, cash equivalents, marketable securities increased from Mar. 2021 (C$3.46 Mil) to Mar. 2022 (C$7.48 Mil) but then declined from Mar. 2022 (C$7.48 Mil) to Mar. 2023 (C$3.64 Mil).

Greenway Greenhouse Cannabis Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Greenway Greenhouse Cannabis's Cash, Cash Equivalents, Marketable Securities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Greenway Greenhouse Cannabis Cash, Cash Equivalents, Marketable Securities Chart

Greenway Greenhouse Cannabis Annual Data

Trend

Mar21

Mar22

Mar23

Cash, Cash Equivalents, Marketable Securities

3.46

7.48

3.64

Greenway Greenhouse Cannabis Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial								4.67	2.64	3.64	1.62	2.35

Greenway Greenhouse Cannabis Cash, Cash Equivalents, Marketable Securities Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Greenway Greenhouse Cannabis (XCNQ:GWAY) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Greenway Greenhouse Cannabis Cash, Cash Equivalents, Marketable Securities Related Terms

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Greenway Greenhouse Cannabis (XCNQ:GWAY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Greenway Greenhouse Cannabis Corp (XCNQ:GWAY) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

GWAYF:USA

Address

1478 Seacliff Drive, Kingsville, ON, CAN, N9Y 2M2

Website

https://www.greenway.ca

Greenway Greenhouse Cannabis Corp is licensed to cultivate, process and sell to ensures harvests always consist of the highest quality cannabis strains with resinous flowers, trichomes, and rich cannabinoid profiles. The Company's nursery facility is located in Kingsville, Ontario, and its flowering and processing facility is located in Leamington, Ontario. The business model is to supply bulk packaged, high quality cannabis to the Canadian, cannabis industry at prices that ultimately provide a value proposition to the consumers. Greenway has three divisions with various locations; Greenway Nursery, Greenway Cultivation and future plans for Greenway Farmgate Retail Store.

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