RE:RE:RE:RE:Best of luck to longs and calm down StarSearcher
Honestly I've said many times. I used to love this company when Bruce Linton was at the company. Dude talked the best game in town. He was an amazing speaker and articulated the direction of the company clearly and loudly which is the job of the CEO. They were going to be the biggest company in the world. The new management at Canopy now seems to be wanting to make the company smaller and more compact. Which I'll say it again is because they'll eventually put it under the STZ group of companies and they can't let it effect their financials negatively. I wanted to love this company again and even bought it briefly very small amount and then didn't like what I was seeing with the last financial statement. Then I began reading the US companies financials. Their financials are clean and they're profitable companies already some are growing revenue 30-50% Q over Q. I think it was too late for Canopy to pivot from biggest company in the world to "clean up the balance sheet." Since Canopy's first few months as a company they have been on an all out buildout of infrastructure. The message was we are going to be the biggest company in the world. That drove the stock and capital flooded in behind that idea and they went big with that money. That was the plan and a good one. On the other side of this idea was Aphria who was more conservative and their stock always lagged but also a good strategy even tho much different from Bruce at Canopy. STZ really should have bought Aphria if the plan was to scale down and make money.
Bruce had it right imo. Go big or go home Capital will flood in behind you if you can make them believe. Just like Elon Musk, just like the GameStop short squeeze and like Amazon. Amazon was a terrible book company until they changed their story. The point is the story here now is scale down, close facilities become cash flow positive it's too late for that you can't take a 180 degree turn when the whole company was based on go big. The story died and along with it the stock died.