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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

Comment by davgroon Nov 05, 2021 10:58am
200 Views
Post# 34091920

RE:RE:RE:Good results

RE:RE:RE:Good results
TheProphetElijah wrote: Knee jerk reaction down, then finish in the green.

Oh how naive The Idiot Elijah truly is.  This is not a knee jerk reaction.  The market reacted negatively, as it should, to the following statement:

"Pushing out positive Adjusted EBITDA target due to market share challenges in the Canadian recreational business and a slower-than-expected ramp-up of U.S. distribution for BioSteel."

The US cannabis market is the most lucrative in the world and WEED can't access it fully until federal legalization becomes reality, and that isn't happening anytime soon especially if the GOP make gains in the mid-term elections.  The SAFE Banking Act will benefit US cannabis companies when and if it is passed as part of the NDAA but it will have no sustained impact on WEED or most other Canadian cannabis companies.

If you believe the SAFE Banking Act will pass then you should invest in CURA, TRUL, or GTII since US cannabis companies should make large upward moves on that news.  WEED is dead in the water for the immediate future and will end today deep in the RED.
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