Canopy Growth Corp T.WEED

Canopy's Glaring Weakness

[Savage97]

In its recent fiscal Q4 financial results, Canopy reported a CA$1.3 billion net loss for the quarter. That's a staggering amount for a company whose market cap is about CA$8.7 billion. Nor is this the first time that Canopy has reported a billion-dollar-plus loss. Back in August 2019, the company shed CA$1.2 billion during its fiscal first quarter.  During its recent fiscal fourth quarter, Canopy reported a massive CA$2 billion in goodwill on its balance sheet. That's more than Canopy has in total cash reserves at the moment. While it's uncertain exactly when (or even if) the company will end up having to make a goodwill adjustment in the future, that CA$2 billion is a potential ticking time bomb that could result in further losses down the road.  

[TheGrapeOne]

Just wondering why your gong back to old ER?  there have been ER since the one you quote  Is Tilray hurting that bad?

[Starsearcher80]

This is not only a ticking time bomb, but one that I feel is now imminent.  It just can't be ignored.  Canopy's hail Mary was legalization in the States, and that is just NOT going to happen in the next few years. That leaves Canopy in a VERY difficult position.

[TheGrapeOne]

Just like to be clear here your saying you do not own any CGC or WEED shares at the moment? You have a history of bashing and then the stock takes off and you claim to have been holding the entire time...... l

[Starsearcher80]

I've been telling you to sell since I sold at $44.00.  But you know that.  You also know that I've said that this stock is dead money.  Nothing has changed, nor wil it change.  There are red flags that continue to be all over this company, particularly on cash flow. But hey, you go on deluding yourself, and enjoy the continued ride down ;)

[OptGreen]

You have been barking this useless bullshite forever and you have no clue what you are talking about....all based on you know and you know shite. Based on all the quality bullshite you provide, you create more buys and reassurance for those that own. Losers are even smart enough to bark their shite on the winners...at least you a smart loser on occasion or you wouldn't be here. Keep up the

[Starsearcher80]

So let's see. You ride it down from $70 to $21, and you know what you're talking about?? Of course you do Clown. Of course you do. ;)

[Starsearcher80]

To all the resident Clowns here... Do you now see what being married to the stock brings you? Do you now see what your false bravado brings you? I told you what would happen. You were collectively too STOOOOOOPID to listen. And now, in 6 months you've decimated the gains you "could" have had. Like I said Clowns, the market is ALWAYS the most ruthless teacher. The lesson has been

[Homestretch4me]

No one listens to you because you're a douchebag. Not one long holder here has sold because of anything you've said and they never will again.... Because you're a douchebag and know nothing about anything. How is Air Canada going fool

[Starsearcher80]

Poor little Homestench.  Such a sad little Clown.  If only your Weed portfolio value was as big as your mouth.  That's all you do Homestench.  Mouth off and pretend you have a plan.  Instead, almost every day, you loose more and more money on this pig.   No one listens you say?  Ummm, lots of people listened, and thanked me.   But you? 

[Homestretch4me]

"Lots of people listened and thanked me" LFMAO You are such a sad little man. Delusional, scared and in need if attention. That's who you are. Wear it with pride. Go back to the Air Canada board and convince them all again that it will be $30 soon and is the easiest money in the market"....... Azzclown

[Starsearcher80]

Such a bitter little Clown you are, Homestench.  Then again, I would be a bit bitter too if I lost the kind of money you have, and worse, lost it with plenty of warning.  Go find a nice GIC somewhere Homestench.  You're not cut out for the market.  At all.

[OptGreen]

Agreed Home, S80 and the rest of the tiny minded will generate more buying, if anything few if any will be selling and of those that listen to their bullshite will lose their ~$1000, never to invest again....good to see them around as there are no alms for wasting time on the failed and failing. We are blessed with this lowlife because WEED is a winner and is just warming up. JMHO...Opt

[Rotaluceps]

[OptGreen]

You see nothing as usual S80, you bark nothing but baseless, meaningless bullshite...you prattle on like a child about the stock like it is not part of a of a sector and market that is reacting to the overall self devaluation, destruction of the US economy....if WEED does not survive and prosper, few if any will. You and the rest of the weak and feckless losers have nothing now and will have

[TheGrapeOne]

To be honest you say a lot,  and have a proven history of flip floping so just wanted to be clear as I feel the start of the next run could be close at hand.

[YodaLayhehoo]

Instead of fighting with each other how about we use our collective minds to make money for everyone. Is it possible both sides are right. WEED for the time being is sinking to the ocean floor slowly like someone just dropped a turd. That may not always be the case. WEED was lower than this last year when around this time the stock went parabolic to $70 per share. That was because of the US

[Rotaluceps]

Irrelevant since the new numbers from the quarter result are what put WEED where it is right now. The expectation pushed the price but the reality came in.  You have no clue of what is going on.. 

[OptGreen]

Not sure about sides Yod, investors and traders for the most part and of course the crud from the bottom but the relevant that are here are here to make money...for example, I would not be here at all let alone post if I didn't believe what I say and have my coin invested in kind...I would not consider to deceive. The bottom crud with no skin in the game, trying to coerse through bullshite

[PlantManager013]

Reasonable post, Yoda. Thank you for that. I think even the equivalent of the Cole Memorandum will do the trick. Let's remember that the issues with listing on the major indexes and the lavk of new deals occurred after the !d!ot Jeff Sessions rescinded the Cole Memorandum. Had that not happened, Canopy would now directly own a multitude of MSOs and stores and more companies (e.g. Coca Cola)

[YodaLayhehoo]

[OptGreen]

Agreed Plant Sessions was a disaster on many levels, Trump referred to him as his worst mistake but even with 2 terms Obama had Ogden and then Cole working on it  resulting in only the memorandum. At a minimum it is complicated with all the stakeholders involved, the states, the feds, plus...with plenty from both sides of the aisle from all over the country raking in the green on the black

[YodaLayhehoo]

Biden had the balls to pull out of Afghanistan. That was political suicide for him. It wouldn't surprise me to see someone run in the US with legalization platform. If enough people vote for it, someone is going to get it done. It's only a matter of time. Before that happens what's the most likely scenario for cannabis in the US ? The market is projected to be pretty large without any

[OptGreen]

Biden is just temporary Yod, this is not the cream of the Dem's crop by any means but there is a lot of damage to the economy of late and until they have the social structure they have designed for and no ligitimate candidate looking for a long career would sign on to open the south border to this total chaos as the economy collapses...and I want every US President to be a very successful

[YodaLayhehoo]

I think it likely that cannabis is low down on the priority list for the US with all the issues you've mentioned. Running on a Weed legalization platform won Trudeau a majority in Canada. If I were a politician I would be picking up on that and the support it has in the US and using it to my advantage. I hope someone does soon, it about time. The US is supposed to be all about freedom and what

[OptGreen]

Totally different world /system down there Yod....but things are changing as BIden has been dropping in the poles for the last couple of months and just heard they have started turning at the border as they are sending at least some back to Mexico while still no where near what is needed but a very positive turn none the less. The Newsom recall in California is going to be a huge move forward if

[Coloradobuff]

Your dreaming, I am long cgc, but weed won't be legalized in the USA until the politicians can get their piece. 

[OptGreen]

The states are almost there now...this is not just an option for Chuckie to play a real man with, he is in control of shite, they re trying to leverage the legal status for power nd control...the MO of the weak and feckless. The worm will turn and everyone needs to do their DD. JMHO...OPt Legality of cannabis by U.S. jurisdiction - Wikipedia https://disa.com/map-of-marijuana-legality-by-stat

[YodaLayhehoo]

I think it important to remember that these companies don't need full legalization to play in the US they just need access to banking and need to be free from prosecution at the federal level which could be different from legalization.