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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 FirstClasson Nov 09, 2021 9:01am
148 Views
Post# 34103934

WEED INVESTORS WILL NOW FLOCK TO HEXO ! READ HERE WHY .

WEED INVESTORS WILL NOW FLOCK TO HEXO ! READ HERE WHY .

WEED INVESTORS WILL NOW FLOCK TO HEXO ! READ HERE WHY .


 

Globe says Canopy Growth lowered to "sell" from "hold"

 

2021-11-09 05:41 ET - In the News

 

The Globe and Mail reports in its Tuesday, Nov. 9, edition that Canaccord Genuity analyst Matt Bottomley has lowered his recommendation for Canopy Growth to "sell" from "hold." The Globe's David Leeder writes in the Eye On Equities column that Mr. Bottomley says the prospects of a near- to medium-term turnaround at Canopy Growth are fading. Accordingly, the Canaccord stockpicker slashed his share target by $13 to $12. Analysts on average target the shares at $20.74. Mr. Bottomley says in a note: "As the company's turnaround initiatives remain challenged, we believe the overall risk profile of Canopy's ability to steady its Canadian operations and accelerate other international/U.S. growth endeavors is now even further elevated. The company noted that it holds the No. 1 position in premium flower (likely due to the integration of its deal for Supreme Cannabis) while gaining momentum in its vape and edible offerings. Canopy stated that the sequential decline was due to market share softness across flower categories due to 'insufficient supply of indemand attributes.' We find this somewhat troubling given that in addition to supply issues, the company also booked sizable inventory impairments in the quarter."

© 2021 Canjex Publishing Ltd. All rights reserved.

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