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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

Post by SweetLordJesuson Nov 18, 2020 8:07pm
843 Views
Post# 31927882

Motley Fool gets it right

Motley Fool gets it right Here's an extract from "Better Cannabis Stock: Aphria vs. Canopy Growth"

Canopy's progress toward profitability is proceeding steadily, with its free cash flows increasing by 57% year over year in the most recent quarter. Selling, general, and administrative costs fell by 19%, and operational expenses as a percentage of net sales have fallen sharply across the board. Net revenue grew 77% over the same period, driven by a 43% increase in Canadian recreational sales.

Canopy Growth is the better Cannabis stock for two reasons. First, its market shares are larger, and its revenue is growing faster. Second, its costs have continued to fall for several quarters in a row, so it will reach profitability relatively soon.
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