Canopy Growth Corp T.WEED

Canopy Growth Takes Major Loss Divesting C3 Cannabinoid Comp

[AwareInvestor]

As a sign of just how un-enticing the European cannabis market is, Canopy Growth Corp this morning announced it would be divesting its C3 Cannabinoid Compound Company GmbH asset, which is headquartered In Germany, where recent positive legislation action is believed to lead to the legalization of cannabis. The company, naturally, took a major loss on the investment.

https://thedeepdive.ca/canopy-growth-takes-major-loss-divesting-c3-cannabinoid-compound-company/

[yp01048]

I know the FUD is kicking in for sure for me, but I mean this is not a good thing. Paying almost 350 two years ago to selling for just over 110million. I guess I don't understand it. I guess the short term savings outweighs something here.  Or FUD is clouding all my senses here. I mean we all know Schumers bill is not going anywhere whenever it's introduced, and yes they will

[Starsearcher80]

What a COMPLETE MESS. It more looks like they're selling assets for pennies on the dollar just trying to stay afloat. I'll say it again. NORTEL.

[PapaGG3]

The subsidiary is being sold off as Canopy looks to focus on a consumer packaged good model and recenters its focus to core markets. This simply means Canopy growth has data showing they will make way more money sticking to core market of fast moving sales of high demand THC and CBD products compared to C3 compounds which move slower because of less demand. They say when everyone cries you should

[yp01048]

Thanks for your reply. Seeing what it is today is really f$&&@d up for lack of better words. Entire sector is crushed. Not that I can decipher or tell the difference, but is this all short activity, retail bailing, or complete lost of faith anything will happen in 2022 in regards to legalization.  I admit when I see this, I start thinking the very worst. like the abosolute worst

[Weednewbie]

I can imagine how defeated you may be feeling. December has always been a bad month. Period. Tax loss season. I have been holding since Dec 2016. 5 years now. I've seen it all. I too am concerned. I had to google the meaning of FUD by the way LOL. Fear. Uncertainty. Doubt. Yup, feeling it all myself. The thing that's bring me some peace inside is that I am not focused on TODAY. I don't

[ThePopeIsDope2]

[yp01048]

Thanks for that! Dan from chart guys taught me all this terminology. Oh and Reddit.  I came in shortly after you. Feb 2017. Problem is I do need the money in a shorter time frame. Life is expensive in Ontario. My own fault.  I agree fundamentals are not in play here at all. Just seems like pure manipulation at its finest. CGC by far my biggest holding. And it sucks. I wonder if this

[Weednewbie]

Hey neighbour. I too live in ON. Actually pretty darn close to Head Office for Canopy. I'll have to check out Dan from Chart Guys. We all have different financial needs and it's unfortunate your timing isn't in your favour at the moment. Try and hold out until January at least if you can. Tax Loss selling in December means they can't rebuy for 30 days. Plus next quarter is early