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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 WeedTheNorthon Sep 13, 2021 4:37pm
270 Views
Post# 33850232

we have this partner

we have this partnerWho owns 38% of the company and has agreed to buy around 13% more at prices above 50 CAD. The only way they get what they want (to own at least majority control) for cheaper is for them to buy shares at current prices to replace certain allowable amounts (DYODD). This would do 2 things. It would create buying demand and more importantly, it would take shares out of the existing float. It's either that or in 2 years (I think they are dated 2023), they exercise their warrants at 50 dollars plus. If you can't wait that long for 150% increase, you are exactly the type of person these people love to pray on. GL longs
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