Post by
HighTime20 on Jul 15, 2022 11:45am
The Next Move
What is Canopy's next move? I don't think they will ever be profitable in Canada so where does that leave them? I would expect at least one more site closure in the next 3-6 months. The earnings call in a few weeks will likely be more of the same but hopefully not as devastating as the last one in terms of bleeding market share.
I think Biosteel and beverages show promise but both of those are years away from making any substantial impact. With US legalization seemingly years away, my money is better left on the sidelines for the time being.
Comment by
Starsearcher80 on Jul 15, 2022 3:40pm
I appreciate your hoping for better with the upcoming quarterly. Unfortunately, it will be devastating, with even worse revenues and declining market share. That's just the cold light of the reality of the situation.
Comment by
Goodhunting4 on Jul 15, 2022 4:45pm
Agree the next quarter not going to be good Klein either cuts meaningful expenses or it's another fire sale or another stock dilution
Comment by
Goodhunting4 on Jul 15, 2022 4:49pm
Oh don't forget more DEBT Thank you David Klein