Canopy Growth Corp T.WEED

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

Healthcare Cannabis

Canopy Growth Corporation is a cannabis company. It delivers innovative products with a focus on premium and mainstream cannabis brands, including Doja, 7ACRES, Tweed, and Deep Space, in addition to category-defining vaporizer technology made in Germany by Storz & Bickel. The principal activities of the Company are the production, distribution and sale of a diverse range of cannabis and cannabinoid-based products for both adult-use and medical purposes under a portfolio of distinct brands in Canada. Its Canada cannabis segment includes the production, distribution, and sale of a range of cannabis, hemp, and cannabis related products in Canada. International markets cannabis segment includes the production, distribution, and sale of a range of cannabis and hemp products internationally. Storz & Bickel segment includes the production, distribution, and sale of vaporizers. This Works segment includes the production, distribution and sale of beauty, skincare, wellness and sleep products.

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Canopy Growth Corp

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Comment by 55orbuston Dec 14, 2018 9:14am

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Post# 29114936

RE:RE:Impact

Perfect 5 star post.

pungentaroma wrote: To quote you... Long term, probably irrelevant. Much like yourself

starsearcher40 wrote: It's going to be difficult to gauge the impact of municipalities rejecting storefronts, as this story is still developing. I've thought about it, and I think this story is going to gain traction whereby there are going to be a lot more places that will be rejecting, which is not good for the overall picture. That Ontario is now limiting to 25 stores is unfortunate icing on a developing bad cake.

Of course, there is online sales. Personally, I'm still not convinced on this front either. I go back to what one of my son's friend said (he's a little sketchy....nice kid still trying to find his way in the world, but a good honest source.) . As he said: "If I want a pizza, I want a pizza NOW...not in three days." Well, I caught up with him again, now several months after legalization, and asked him if his opinion had changed. "I actually tried the online thing just cuz my buddies and I wanted to try for the novelty. One and done. To us, it's a joke." Essentially, he was saying that his "normal channels" were far more accessible, and cheaper. (Of course, this is far from any sample size or scientific. But it does provide a good read. It reminds me of the person who used to invest by going to the mall and seeing what stores had the biggest lineups.. Again, not scientific by any stretch, but valuable all the same.)

We all thought the road to legalization was going to be the bumpy portion, with blue sky after. Well as it is turning out, there's a helluva bumpy road developing now right before our eyes. Ultimately down the road a couple of years, this will smooth out. Right now, it's a growing problem that was unanticipated.

As for the market, negative surprises are never celebrated. Some selling happens on the facts of the matter. More selling though typically happens on uncertainty or fear of the unknown. It will be interesting to see how this plays out. Short term/medium term it will have impact. Long term, probably irrelevant.