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Canopy Growth Corp T.WEED

Alternate Symbol(s):  T.WEED.DB | CGC

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.


TSX:WEED - Post by User

Bullboard Posts
Post by catchascatchcanon Mar 21, 2019 5:32pm
159 Views
Post# 29519863

I was excited about today's NR, then I read it

I was excited about today's NR, then I read itIt's all well and good, but I'm not surprised that it didn't bump the share price for two reasons. We can only assume that it's a very low dollar transaction value (immaterial), and we cannot tell what the value of this company is, as scarcely any information can be found on it on the web. It appears to me that we effectively picked up what they feel to be a quality player in the space. Beyond that, I'm not sure there's any substance unfortunately. Not saying it's a bad news story, but it truly is a non-event that's well dressed up given the NR. That said, I'm always happy to read that we are taking steps (even small steps) to ensure success in the US. Still waiting for that 'big' news event though. My guess is though that there aren't a lot of large 'properties' to buy up in the US which is a bit of a challenge. There just aren't many big operators as it's so fragmented. That's of course the opportunity, to become that player, but also a challenge when shopping for accretive acquisitions. Much of the money may well go to more organic investments such as the hemp build-out in NY. My thoughts for the day. GLTA
Bullboard Posts