Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum 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... see more

TSX:WEED - Post Discussion

Canopy Growth Corp > 2022............... Book it!
View:
Post by Homestretch4me on Feb 17, 2022 7:50pm

2022............... Book it!

https://twitter.com/SenSchumer/status/1494355489588662274?t=LtX3tZrZtP6JNFAhmjZhHg&s=01
Comment by WestCoast78 on Feb 17, 2022 9:11pm
Lol, no chance he has the votes.  Lay off the pump.  Canopy is in a rough spot.  Sad to see it come to this.  Remember when you said 100% triggering event this year?  Or $100 sp for last summer.  Canopy north is a disaster.  Their USA assets are a different story.  Sad to post this.  I see no path forward for Cgc this year.    
Comment by yp01048 on Feb 17, 2022 9:58pm
Did SS40 hack your account? Lol I certainly hope schumer gets it thru, but most likely safe seems like it's the likely route. And if social provisions are added etc, those targets hopefully are achieved!
Comment by Starsearcher80 on Feb 18, 2022 5:15am
Wow, thank you for your honest assessment of the reality of Canopy's situation. Very refreshing. I appreciate too that it is not what you had hoped for, for this company, and I will support the same thought. Having said that, the reality of the current situation is what it is, and there is no value in blowing sunshine where there is none at all.
Comment by slipperyslope2 on Feb 18, 2022 8:54am
Starsearcher80, did you and Sunshine break up?
Comment by Starsearcher80 on Feb 18, 2022 10:09am
I honestly don't know how people can sit around on what will be Dead Money for an extented period of time, in this case, years at best.  There is money to be made in the market and people want to sit and earn nothing?  Or worse, lose money?  Like I said, I don't get it. I'm doing fine thanks on AC.  Killer results out today, and the stock should continue to make a ...more  
Comment by Homestretch4me on Feb 18, 2022 10:09am
Oh, I remember quite well. I forgot to account for the ineptitude of the Democrats. When I said ,"2022.......book it!" I was speaking about a triggering event, not Schumers blue sky legislation. Safe banking and states rights is what I see happening this year. Good enough for Canopy to go full USA.
Comment by WestCoast78 on Feb 18, 2022 6:03pm
We'll see if Ed can get SAFE over the finish line.  Sounds like more than enough votes are there for it.   I still don't see Biden issuing pardons...yet.  Sounds like NJ will be mid April for Rec,( obviously booker has something to do with that timing).   It's the frustrating here canopy.  All the front end spending on USA assets.  If NJ lights up April ...more  
Comment by Newbie420 on Feb 19, 2022 2:28am
Hey West, I feel your frustration, it's been a rough go for a while now. The Monster/Constellation merger could be fantastic. It pretty much doubles the market cap of our supporting partner. Also, there is something inherently good about "Monster Weed". Think of the distribution Network this combo would have. Much more clout when it comes to shelf space and visibility for say ...more  
Comment by Starsearcher80 on Feb 20, 2022 7:35am
Wow Newbie.  Thanks for actually adding something to the discussion!  And it doesn't even matter if I agree with it or not.  All discussion, well presented, is worth of respect and provides food for thought.  So on that front, thank you. I hope you keep this up. Specifically to your post: "Their goal (Canopy's) was never to be profitable in Canada" This is ...more  
Comment by sneakysneaky on Feb 20, 2022 9:21am
A lot of US MSO's have expanded across America and to Canada as well but somehow remain profitable or with positive gross margins, even with limited access to capital and also operating in overregulated markets that are still federally illegal, no cannabis allowed cross boarder.  Once we get the final word on how cannabis will be legalized at a federal level a lot of US MSO will be ...more  
Comment by Newbie420 on Feb 20, 2022 12:17pm
Nobody was talking to you, but you keep earning your $15 per hour.
Comment by WestCoast78 on Feb 20, 2022 5:52pm
Definitely frustrated over here Newb. Stz doesnt currently have all that many routes to market for bio steel, as they are liquor based, and service tons of restaurants.  Definitely optimistic about bio steel being able to use some of monsters routes to markets.  But then Coke in involved.  20% owners.  bio steel a direct competitor against Powerade.   Newlands leaving was ...more  
Comment by Homestretch4me on Feb 19, 2022 7:57pm
I respect Ed for everything he is doing as it helps ratchet up the pressure on everyone in Washington but the buck stops with Schumer. No way his blue sky bill passes but its a great starting point to kick off negotiations. There's more than enough layers in Schumers bill that he can peel enough away during negotiations and still come away with the bill we need as Canopy investors. I still ...more  
Comment by WestCoast78 on Feb 20, 2022 4:39pm
Wondering what you mean by 'may force canopys hand'?  If De-listinging isnt an option, then we need rules to change for an uplist.  Mgmt knew by buying Wana, balance sheet takes a bit hit, and SP would go down.  I guess if they 30% market share currently, and 1B gummies got sold last year, then it makes sense.  Now what?  Canopy USA is super profitable, and we' ...more  
Comment by Homestretch4me on Feb 20, 2022 10:41pm
Canopy or Constellation must have had some inside information on legalization or D Klein would not have been so bold to predict legalization in such short order. He looks foolish right now. Canopy/Constellation are not shy creatively when figuring out ways to enter the US without entering the US. See Acreage and terrascend deals for confirmation. Forcing Canopy's hand means Canopy can' ...more  
Comment by Homestretch4me on Feb 20, 2022 11:31pm
I forgot to mention that I think you are grossly underestimating constellations route to market for BioSteel. Remember, the US is much more liberal with their alcohol rules than Canada. They sell beer and liquor in corner stores and grocery stores and Constellation has a lot of clout. I'm not sure what alerts you have signed up for but you should sign up for news from Bio-steel. I was ...more  
Comment by Starsearcher80 on Feb 21, 2022 9:52am
Wow, first Newbie420 and now Homestench BOTH writing something intelligent, all in the same week?! This is even more rare than Weed having a day with a positive close! Thanks to both for showing the first inkling of being "reformed Clowns". Keep it up!
Comment by WestCoast78 on Feb 21, 2022 3:00pm
This iswhat  Klien said last Jan. "What we really need is some combination of SAFE Banking, a revised Cole memorandum, and a reclassification by the executive branch, all of which … probably happens in the next six-to-eight months anyway," Klein said in an interview. This is from today https://www.usatoday.com/story/opinion/2022/02/21/federal-marijuana-laws-cannabis-reform ...more  
Comment by Homestretch4me on Feb 21, 2022 10:59pm
Klein also said this ***Even if the U.S. doesn't pass full-on legalization this calendar year, Canopy has the discretion to move forward with the Acreage acquisition. Klein said the company has been working with lawyers, its partners at banks and exchanges, and even its investors at Constellation Brands to proceed carefully and lawfully. Still, Klein told an analyst Tuesday he remains ...more  
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities