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Canopy Growth Corp T.WEED

Alternate Symbol(s):  T.WEED.DB | CGC

Canopy Growth Corporation is a cannabis and consumer packaged goods (CPG) company. The Company delivers innovative products with a focus on premium and mainstream cannabis brands, including Doja, 7ACRES, Tweed, and Deep Space. Its CPG portfolio includes gourmet wellness products by Martha Stewart CBD, and vaporizer technology made in Germany by Storz & Bickel. The principal activities of the Company are the production, distribution, and sale of a diverse range of cannabis and cannabinoid-based products for both adult-use and medical purposes under a portfolio of distinct brands in Canada. Its Canada cannabis segment includes the production, distribution, and sale of a diverse range of cannabis, hemp, and cannabis products in Canada. Its Rest-of-world cannabis segment includes the production, distribution, and sale of a diverse range of cannabis and hemp products internationally. Its Storz & Bickel segment includes the production, distribution, and sale of vaporizers.


TSX:WEED - Post by User

Post by geodcanon Sep 23, 2020 12:48pm
272 Views
Post# 31604703

Most of the greens

Most of the greenscaught a cold from the downdraft over at ACB.  The new guy came to town and said he didn't put as much value in to ACB as the market had, but he also thinks he can fix it.  Government in Canada has had a chokehold on distribution but it is starting to come around.  There's 900 applicants in line for licenses in Ontario which is the biggest potential marketplace.  It got the price competitive with the black market and level 2 edibles and beverages are starting to kick azz on the old smokable forms and they still have a good chokehold on them as far as serving infused beverages alongside alcohol in bars and lounges.  And the States greenrush investors are still getting the stinkeye from the Feds although the pressure to outright legalize is building.  All of those US MSOs are struggling too due to their delays.  The US could get it right when they launch the greenrush and put blanket rules in for all States and allow interstate transfer of marijuana and value added items.  If as much of the California crop got burned up they might need to look at  that to be able to supply for pharma use and such.  Canada has lots of safely grown, inspected weed product and hemp to sell and it is also harvest time for those outdoor acres of marijuana that are all grown up.  Now if we could just get the greenrush to grow up in North America, especially the US which is the big silver lining for investors who pick their companies well.  News today about Canopy and Acreage and a bunch more money changing hands to show serious intent of Canopy to follow through on the deal.  Shareholders of record of Acreage supposed to get .30c per share for holding the stock.  It looks like one way to get a sale price on Canopy when those Acreage shares get replaced with Canopy shares.  When the trigger happens, the US MSOs will come out smokin'!  A huge silver lining in the black clouds hanging over the US when all of those covid affected businesses throw in the towel and tank the market.  Paid holidays are going to end very soon and reality will set in.  Interestingly it is a company like ACB that is coming up as a first indicator and a lot of their problems were government delays.  glta and dyodd
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