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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
Comment by Peytonon Mar 06, 2020 3:19pm
114 Views
Post# 30777007

RE:Upcoming one time charges: Thoughts on timing of disclosing

RE:Upcoming one time charges: Thoughts on timing of disclosingThanks for your input starsearcher....you realize there may only be 2 or 3 people here to listen to your dribble. And those 2 or 3 people may only hold 200 shares. Good luck starsearcher! How your 20% loss feel?
MNK3240 wrote: In the past, Canopy recorded one time charges and disclosed during ER, so whatever the impact was, it lasted a few days post ER that was a good thing in the sense that it was a surprise.

This time, they already estimated the potential charge $700m to $800m that is coming with next ER. The problem is there will be immediate impact on SP for the news and then it will have a lingering affect until the next ER as it will be at the back of everyone's mind.

Probably, Canopy's thought was to get it out of the way along with plant closing and employee lay-off news. 

My thought it would be better not to estimate and disclose it before ER, that way Canopy SP did not have to be under pressure until ER. Of course, it all depends on as to how one interprets it. 


Bullboard Posts