Bullboard - Stock Discussion Forum Canopy Growth Corp T.WEED

Alternate Symbol(s): CGC | T.WEED.DB

Healthcare Cannabis

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

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Canopy Growth Corp > It's worth noting, still isn't going to be enough

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Post by Savage97 on Sep 28, 2022 6:20pm

It's worth noting, still isn't going to be enough

$350 million in savings still won't be enough cost-cutting to turn Canopy profitable -- given that its operating losses last year exceeded $500 million.

Long story short, selling off its sizable retail operation isn't going to be enough to turn Canopy's income statement from red to black.

The STDZ Scam Saga continues...

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Comment by Coloradobuff on Sep 29, 2022 3:08pm

Actually this will be 70% of the way there. They will find another 150 million and stop the burn. Whether they become successful who knows. But eliminating 350 million of a 500 million burn here is something they should have done 2 years ago. Klein needed to make these cuts when they had 2 billion in the bank and only squandered 3 billion. Now they squandered all 5 billion.

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