📉Canoe is in a terrible financial position, with no revenue and significant cash burn.
🔥Despite the challenges, Canoe has received orders and is making progress in delivering prototypes.
💵The company has raised capital and secured prepaid advance agreements to fund future sales.
🚘If Canoe can reach production capacity and start delivering vehicles, it could become cash flow positive.
💼Investing in Canoe involves a high risk of bankruptcy but also a potential high reward if the company survives.
Does Canoe have any revenue?
—No, Canoe currently generates no revenue from selling vehicles.
What is the company's financial position?
—Canoe has a significant cash burn and limited cash reserves.
Has Canoe received any orders?
—Yes, Canoe has received orders and has a backlog of orders from customers.
How is Canoe funding its operations?
—Canoe has raised capital through investments and has secured prepaid advance agreements.
What is the potential reward of investing in Canoe?
—If Canoe successfully delivers vehicles and becomes cash flow positive, there is a potential for high returns.
00:00Investing is all about risk and reward. Canoe, an electric vehicle company, has caught the attention despite its poor financial position.
02:26Canoe is fundamentally an electric vehicle company that has designed innovative and modular vehicles.
04:35Canoe's financials show no revenue and significant cash burn, raising concerns about its survival.
07:55Despite the challenges, Canoe has raised capital and secured prepaid advance agreements, indicating potential future sales.
11:15Canoe's low operating expenses could be an advantage if the company can achieve production and delivery of vehicles.
14:00Investing in Canoe comes with a high risk of bankruptcy but also the potential for high returns if the company survives.
15:30Careful consideration of the risk-reward balance is crucial before investing in Canoe.
