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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 ledzep4uon Mar 22, 2020 6:21pm
142 Views
Post# 30835708

RE:QUESTION WORTH THINKING ABOUT

RE:QUESTION WORTH THINKING ABOUTI'm not overly concerned about the agricultural/pot industry. When the federal gov't announced that it was closing its borders to non-citizens, the agricultural industry lobbied hard regarding foreign workers. In the wine industry in Niagra, the foreign workers (mostly from Jamaica) are needed right now to do the pruning.

The federal gov'y announced late last week that they were exempting foreign workers that were necessary for the agricultural industry as they realized it's importance. I can't see them allowing any crops (including pot to rot). You could argue that medical pot is an essential product.

What I would be concerned with is the lack of sales and massive inventory buildups. As people are sheltered, the only way to get it is online, which does not have a great history. Canopy has closed most of their Tokyo Smoke shops (23) but some are still open in Toronto and Oshawa. I'm not sure how long that may last.

If there's a silver lining, is that this will excelerate the survival rate of the few good pot companies like Canopy that will be left standing. 


Starsearcher80 wrote: I've certainly enjoyed the gains the past couple of days, but there is a question I have that needs to be answered.

We are seeing many States now moving to. "shelter in place" orders.  I don't think Canada, and in specific, Ontario will be too far behind in issuing this order.  If this were to happen, what happens to all the needed tending to mj crops now in production?  Loss of that crop??


Bullboard Posts