Canopy Growth Corp T.WEED

Alternate Symbol(s): CGC | T.WEED.DB

Healthcare Cannabis

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

Canopy Growth Corp > Dipping your toe in hot water

<< Previous

Bullboard Posts

Next >>

Comment by Invincibloneon Feb 26, 2022 9:12pm

89 Views

Post# 34465118

RE:RE:Dipping your toe in hot water

despite you adding nothing, I disagree with you disagreeing

Starsearcher80 wrote: Despite disagreeing, thank you for your great post.

Masterbuilder wrote: I have worked as an Advisor in a top 3 brokerage so I know a little bit about trading. I have been waiting patiently for a good time to dip my toe into the cannabis space. I believe that one piece of good news will cause a massive jump in the WEED stock price thanks to short sellers who have piled into this and several of the better names. Thank you! The market is fickle and will turn on a dime just like it did with gold and oil that were both in the ditch not too long ago. What attracts me to WEED is the corporate backer. Constellation Brands is one of the smartest and most successful brand-building companies in the world. Chances are you have never looked at their website to understand how they view disruption and innovation. They have 5 of the 7 seats on the board. Their Jan 6/2022 presentation included optimism on the cannabis space despite the write-downs and losses they have booked (about $624M). They are sitting tight. Looking out, they have warrants exercisable in Nov 2023 that will let them take the whole company for 20% on their initial dollars, or drive a merger. So... WEED is looking its absolute worst at these $ price levels and in the end there will only be a few major cannabis companies standing in Canada. Plus, you have continual, albeit slow, USA state by state legislation occurring. Dump on this story all you want. Listen to the "always late" brokerage analysts who have hit the downgrade buttons. To me... the stage is set for something big. I will never predict the $ bottom on this ugly chart, but anything in the $8 range is worth my attention despite all the hot water.