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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

Comment by Oldweedon Apr 16, 2024 9:47pm
72 Views
Post# 35992915

RE:RE:RE:RE:RE:ALL Cannabis Producers and sales

RE:RE:RE:RE:RE:ALL Cannabis Producers and sales
BrokerG wrote: Nice try Q. I do not need a lesson on investing. I was wrong and I admit it. I was fooled by yourself and others that CDN tax reform was coming. Obviously only the institutions knew it was not. That is why they sold all the way down to where we are today from the recent high of $15.50. As I mentioned in previous posts, the only thing that can save Canopy is Safe/ rescheduling. However that can be years away,if at all. Biden had 4 years to make it happen and he did nothing. Even if he proposes legalization it still has to pass through Trump/ Congress who will not sign anything Biden proposes. 

It is to bad the tax reform did not happen in Canada, but it is likely to happen sooner than later in the US with tge expected removal of 280e and safe banking. That is a much bigger deal than Canada imho. Keep in mind CGC will now be able to start consolidating it's US business and building out stateside. So they are in the top 3 in Germany, right sized in Canada, and now the shackles are removed in the US. I think the market has not quite caught up with all this yet, but I would rather not try and chase it when it does.
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