Canopy Growth Corp T.WEED

Dismal performance

[Silentbull]

Another weak quarterly performance by Canopy. The co should lose the word growth from its name coz its not growing at all, been on decline since the start of the year. The only growth part is the CEO's salary. Wonder what makes board think that giving Klein 30 million dollar salary is prudent. This needs to be performance based not on the whims and fancies of a disconnected board. 
Why is canopy on the decline in the canadian market? This co has already lost over 3.35 billion cash in maintaining the production facilities. At this rate of cash burn, canopy would need to raise money again in a few months. 
This ship is still not course corrected IMO, the fair market value is 2 billion cash + 2 billion enterprise value=4 billion which means the share price needs to reflect that and should be around $12 CAD. Lets see how soon the market forces work to correct this gap.
GLTA

[WeedTheNorth]

Posting on ZENA, APHA and weed the same garbage all in the last 20 minutes.  Enjoy your losses short!

[friendlytoad]

Nice try shirt get out of here

[DSEEGS]

Finally, Klein is also privy to an inducement grant of options equal in value to C$20 million. This however has some stipulations, with the first C$6.7 million vesting only if during any 90-day period during a six year term beginning December 6, 2019, the share price of Canopy has appreciated by a minimum of 50%. The second tranche of C$6.7 million in options is to be issued upon Canopy

[BigBagofWeed]

In 6 months Trulieve has doubled its share price.  Way better performer than WEED,.

[WestCoast78]

You make some very uneducated point.  Dseegs mostly corrected you.   A: 6 Weeks of the quarter did occur in a lockdown. And their bottling plant was just getting up and running. Ontario is opening approx 25 stores per month.  The last thing canopy will need to do is raise money.  At the current cash burn, they could continue for 21 months. However, Im waring up to D.K nicely.

[WestCoast78]

A: D.K salary is little  ( few hundered thousand)  The options, which hopefully he attains, ARE literally performance based. B:  Canopy had most of thier retail strores closed for 8 plus weeks due to this thing called: COVID. C: Raise money?  Oh wow, nope not needed.  Thats actually funny.  Can you read a balance sheet kid? D: Even in the waterfall of March 17-21

[WebSwinger]

Thumbs ups to westcoast for exposing this fraudster. To the moon!!!