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Bullboard - Stock Discussion Forum Canopy Growth Corp T.WEED

Alternate Symbol(s):  T.WEED.DB | CGC

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 > Canopy has $753 Million in Cash
View:
Post by quinlash on Jun 26, 2023 2:08pm

Canopy has $753 Million in Cash

Not seeing bankrupcy in the cards anytime soon.  Considering the marketcap is sitting at half the value of the cash on hand it's not hard to say that the market has over-sold this stock to embrassing levels. 

Add the assets in there and the SP is even more under-stated.

jmho
Comment by GreatGabbo on Jun 26, 2023 3:10pm
cool, now do Canopy's debt hint: it's more than cash on hand    
Comment by Coloradobuff on Jun 26, 2023 10:21pm
This company is a complete shot show and deserved to get blasted down to .50 usd a share. That said,  1. Their balance sheet seems to be cleaning up, if they can continue to clean it up than good.  2. They had negative gross margins due to biosteel. If they actually can get to 30% on 400 million that will help.  3. The big one is they have to reduce their SG&A by roughly ...more  
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