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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 geodcanon Oct 15, 2020 6:10pm
181 Views
Post# 31725563

Profitability has been hindered

Profitability has been hinderedby the rules and regulations regarding licensing of retailers.  There aren't enough to satisfy the population base.  When you can't sell your product it becomes a liability.  Over 800 applicants for dispensary licenses in Ontario alone which is our most populace province.  Canopy has been making noise about their beverages and how well they are doing.  Brace yourselves because there is a new player in Canada and they have a pretty good pedigree and award winning beverages of the infused with thc variety.  Welcome Tinley Beverage who have award winning products on shelves in California and distribution and formulators licensed and ready to go in Canada.  They just have to enter the 60 day circle for safety inspections which shouldn' be a problem for seasoned professional beverage guys but who knows when you are dealing with government.  Canopy has achieved 2 million untis of beverage sales with not very good products and they are happy enough to be pushing towards the US through Acreage to get a jump on the competition for when the US deschedules marijuana or some other form of legalizing it so their investors can be invested.  I will be watching carefully to see how this unfolds and will hold off buying any more Tweed to buy Tinley.  I want to be invested in a beverage company that can get repeat sales forever.  glta and dyodd
Bullboard Posts