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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Post by Rebels65on Aug 15, 2019 11:26am

66 Views

Post# 30031774

Bashers out in full force..

I'm no expert but I don't think the earnings report was as bad as the shorts are trying to convince us of.

If you take the total losses for the qtr 1281.2 then subract the ONE TIME WARRENT WRITE OFF of 1176.4 you get a TOTAL LOSS for the QTR of 104.80 million.

So if you compare last QTR to this one it goes like this

last qtr this qtr

94.05 million net earnings 90.5 million net earnings
268.514 million op exp 229.2 million op exp
309.646 losses 104.80 losses

So revenue may be down by 4 million but operatiing expenses and losses are down significantly.

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