Canopy Growth Corp T.WEED

RE:RE:RE:Canopy Press Release - New Product Line Launch

[quinlash]

The company is in business, selling product, rolling out new products and actively trading on the NasDaq, I am sure we can all agree on those facts.

Canopy recently closed a $35 Million Dollar Private Placement in exchange for shares.  This is pretty easy to confirm as well from their News Release.

If they should happen to need more cash then we can speculate on their chances to have more investors step forward to again provide funds from another Private Placement for shares.  No one likes to see Private Placements however it's a reality on companies that yet to turn EPS positive.

I believe the company was sitting on apx 1.4 Billion in debt last year, now it's down to around $400 Million.  

They're not bankrupt -> they are paying off their debt and re-structuring for profitablilty.

[shenty46]

Infact if they sell 17 percent of their share in terrascend and issue 70 million shares at 5 dollars they become debt free, i dont know what they are waiting for

[Apprentice]

Maybe they are already debt free with the sale of BioSteel ? If the BS debt was really at 400 m and they get rid of it with the sale! Couldn't be more exciting. Still expect EBITDA positiv next quarter. Let's see how this will work out  Net debt balance was $411 MM at September 30, 2023, compared to $474 MM at June 30, 2023.  

[caretired1]

Hahahaha

[lou444]

Canopy won't sell such valuable stake at this stage. TSDN can grow significantly in value with Sch 3 just around the corner. If only Canopy USA was reality today the stock would not be languishing in single digits category. It has potential to grow big time with their stake in US cannabis companies. But they will need help from DEA and other federal agencies before they become a major player

[caretired1]

I believed in and bet Klein would get USA done last year.  he lost me money and my trust.  Its MSOs for me now. If anything, they could sell Wana to maybe get their $300 million back

[Wheatkingtrad3r]

I am so far in the hole, all I can do now is laugh.  I haven't posted in a long time.  It was spring of 2021 when I started investing in WEED.  So many subscribers were bullish and I thought I did my DD so I followed suit.  So is this thing goning to turn around soon?  Please!    

[charlie007]

Most people that I know that own stocks had added some cannabis to their portfolio during the big run up back then. People were calling their brokers and asking then to add some weed stocks. Everyone who didn't pay attention and sell at some point obviously lost a lot, which was pretty much everyone. I had so much into it that I was watching and trading every day depending on the news. Few

[quinlash]

In 2020 in big news that ramped up the Cannabis sector was Biden taking office with a promise to progress cannabis legalization in the US. In 2021 in big news that pushed the entire stock market down was COVID and the lockdowns. News moves the market, for better or worse. Going forward everyone needs to consider what might be coming and when.  Specifically for Canopy that means progress

[charlie007]

The lp's weren't that dumb, they went along with the hype, to rope more buyers, to create value for insiders. The bonus's were nothing compared to the $ made from the retail fishes, who the pumpers helped string along. Sales actually went up during covid.