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Canopy Growth Corp T.WEED

Alternate Symbol(s):  CGC | T.WEED.DB

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 quinlashon Dec 04, 2023 1:33pm
123 Views
Post# 35767412

CGC/WEED: Q2 Report (Nov 9, 2023)

CGC/WEED: Q2 Report (Nov 9, 2023) The report was issued on Nov 9th.  Since then the company sold off BioSteel (a 50-60% contributor to their expenses) and launched a number of new products including Gummies from Martha Stewart.

The company noted a marked improvement in Margin as well as notable contributions towards paying down it's debt load.  Expectations on the part of management is that the company will be Adjusted EBITDA positive by the end of this fiscal year.

I personnally TRY to not hold people at fault for making mistakes in the past as those mistakes were likely not intentional.  I do judge their actions in how they recover from those mistakes and from what I can see the CEO of Canopy is making every effort to right the wrongs and bring value back to those invested in the company

JMHO


Link to Latest QTR Report Summary
https://www.canopygrowth.com/investors/news-releases/canopy-growth-reports-second-quarter-fiscal-year-2024-financial-results/
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