RE:RE:MNK remember this message I sent you Jan 22 I agree that it's not a surprise to see such a huge losses, we kind of knew that it was coming and Canopy gave us heads-up before.
My point is not whether it was known or not, the point is how Canopy is performing compared to their resources and reputation (and expectations).
Those of us are with Canopy since 2018 (or before), we had a completely different expectations. At the time, a lot of us thought, it's just a matter of time for Canopy's stock price to hit $100 or more. Considering their last two years performances and actions, there is no way anyone can expect it to hit that target anytime soon (forget about timeline).
Yes, every other competitors are charging hundreds of millions of impairment charges (or other one time charges) but Canopy is not every other company. They have tons of money, one of best and largest company as a partner and they have all kinds of resources to run businesses more efficiently and effectively. Did they do that? Answer should definitely be NO. Consider yourself and Morgan Stanley as an investor. Should the performances be similar? No, because they have money, manpower and all kinds of resources to make good return on investment than a regular Joe. In this case, Canopy should have been like Morgan Stanley but so far they turned out like a regular Joe. What every other company is doing in the sector, they're doing the same if not worse. They dropped the ball for sure!
We all invested in it and followed it religiously but it did not perform as expected to say the least.
Anyway, we are nothing, my view or your view doesn't change anything. Luckily, we have an opportunity to write something here and share with other fellow members, that's all. Thanks
WebSwinger wrote: Canopy warned us long ago that there would be big losses. Don't be a false Prophet. To the moon!!!
BigBagofWeed wrote: