RE:RE:Naked short sellingAgreed Yod based on the historical, which is why the changes in management and direction of the company ...STZ just started to weigh in and grab the reins while CGC is just begining to take market share stateside. Klein is taking CGC from losses of ~$600k/yr to realizing profit within months, in the back half of FY2021, which is hardly weak and feckless...maybe let's see them get started and assess them on their accomplishments not past preformance which means nothing here, in the now.
Profit realized by FY2023, even ebitda lite, will be industry leading and they will just nicely have begun to scratch the surface of the US market...you are getting a US company in the Can CGC. Call them liars and losers when you have some fact to justify. JMHO...Opt
YodaLayhehoo wrote:
The stock is falling because there's no catalyst in sight and these companies trade on hype alone not fundamentals. Canopy has been scaling down selling assets for a fraction of what they paid for them. That is not how you build shareholder value. They don't have any earnings to share with their stakeholders. Their losses are so bad that they've almost blown through 5 billion dollars in 3 years. There major competition in the US now with companies gaining and passing Canopy without the help of banking. If banking comes in the US that is not a positive for Canopy. I've been trying to find a reason to invest in this company but I don't see it? Why wouldn't someone buy the US companies?