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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 MNK3240on May 29, 2020 1:51pm
215 Views
Post# 31088832

Constellation's attitude towards Canopy .............

Constellation's attitude towards Canopy .............Constellation brand's idea of running a business like this with double accountants (both CEO and CFO) is a bad idea, many of us said so at the very beginning. The top two always should be a combination of a business man and an accountant, you can't have both from the same side, it doesn't work. No one does that. CB is either experiementing this thing or not taking that seriously from the very beginning. 

You need an aggressive business man to grow and prosper a business and need an accountant to bring financial descipline and that makes a balance between CEO and CFO. World-wide this is the model followed by every successful company. You don't put two businessmen at the top or two accountants at the top, they have a different mindset.

Remember, when Bruce Linton was in charge, he was going all over the world, making partnerships and associations, whether successful or not, people thought one day Canopy was going to be big, world leader and that drove the stock price sky-high. Now Canopy lacks such mission, vision or new initiatives.

Entrepreneurship is natural, you can't just grow it. Hope Constellation realizes that soonner rather than later. Sometimes, big long timer businesses make big mistakes. Once famous market leader Blackberry did not adopt with the situation fast enough and they are almost out of the business due to iPhone and others, just an example.
Bullboard Posts