By Sourasis Bose (Reuters) -Canopy Growth again raised doubts about its ability to stay afloat as the Canadian pot producer's loss-making streak continued in the first quarter. Despite a strong start following the legalization of pot in Canada in 2018, the country's cannabis industry has faced intense competition from cheaper marijuana that is sourced illegally. Canopy had first raised the going concern doubts in June. The company has taken several initiatives to turn profitable, including job cuts, exits from some international markets, store closures and divestiture of its retail business across Canada. The Smiths Fall, Ontario-based company had C$533.3 million in cash and cash equivalents as of June 30, compared with C$677 million at the end of March. Its total debt was C$1.05 billion at the end of the reported quarter.