Canopy Growth Corp T.WEED

RE:RE:RE:RE:RE:RE:2022............... Book it!

[Newbie420]

Nobody was talking to you, but you keep earning your $15 per hour.

Starsearcher80 wrote: Wow Newbie.  Thanks for actually adding something to the discussion!  And it doesn't even matter if I agree with it or not.  All discussion, well presented, is worth of respect and provides food for thought.  So on that front, thank you. I hope you keep this up.

Specifically to your post: "Their goal (Canopy's) was never to be profitable in Canada"

This is completely false. Yes, Canopy has always wanted to be "Biggest and best", but that has actually turned into the noose around their financial neck.  Evidence that Canopy wanted to own the Canadian market is shown just by the massive buildout they did in this country.  They didn't do this for the fun of it.  The did it with full expectations of massive demand and profitability.  The fact that this was a huge over-calculation on their part, and they've had to sell or close growing facilities at pennies on the dollar only highlights their huge mistake. To this day, this mistake continues to crush them.

Newbie420 wrote: Hey West, I feel your frustration, it's been a rough go for a while now. The Monster/Constellation merger could be fantastic. It pretty much doubles the market cap of our supporting partner. Also, there is something inherently good about "Monster Weed". Think of the distribution Network this combo would have. Much more clout when it comes to shelf space and visibility for say something like Bio-steel. You can argue good and bad on everything. Take Lou for example. He thinks because Newlands left the Canopy board that something us wrong and he bailed. Is it possible? Maybe but not very likely. My take on that is he was always coming for a short duration, liked what he saw and left. He did an interview right after he left where he reaffirmed constellations belief in Canopy. The main reason I think he left is because Canopy is getting ready to enter the US market the second any type of federal legislation is passed and it will happen in 2022. Newlands does not want to sit on the board of Canopy if they enter the US market and are still operating in the Grey area. Remember why your here West. Canopy had the vision and the drive to be the biggest and the best. Their goal was never to be profitable in Canada. If they were profitable in Canada they would have to be small potatoes. It's impossible for them to be profitable when building out infrastructure that is not yet contributing to the bottom line in a meaningful way. They are light years ahead of every other LP and MSO for that matter when it comes to distribution. Let's not forget the advertising acumen of Constellation which can do nothing for us in Canada but has already been hugely successful in the US......See Martha, Bio-steel and Storz & Bickel to name a few. The minute we get the triggering event, Canopy hits the ground running and with all their pieces like Wana, Acreage and Terrascend(Gage) they will quickly surpass the revenue of the MSO's. It's just a waiting game.

WestCoast78 wrote:

We'll see if Ed can get SAFE over the finish line.  Sounds like more than enough votes are there for it.   I still don't see Biden issuing pardons...yet.  Sounds like NJ will be mid April for Rec,( obviously booker has something to do with that timing).   It's the frustrating here canopy.  All the front end spending on USA assets.  If NJ lights up April, Acreage ( the will wholesaling as well as their 3 stores) will have quite the Summer.  They will have higher rev's than canopy.  So might wana and ter after this Summer too.  All 3 are USA assets doing great, just not the mother ship.  What's you thoughts on the monster / STZ deal?  Is that for hard monster or bigger ideas? 

 

Homestretch4me wrote: Oh, I remember quite well. I forgot to account for the ineptitude of the Democrats. When I said ,"2022.......book it!" I was speaking about a triggering event, not Schumers blue sky legislation. Safe banking and states rights is what I see happening this year. Good enough for Canopy to go full USA.

 

WestCoast78 wrote:

Lol, no chance he has the votes.  Lay off the pump.  Canopy is in a rough spot.  Sad to see it come to this.  Remember when you said 100% triggering event this year?  Or $100 sp for last summer.  Canopy north is a disaster.  Their USA assets are a different story.  Sad to post this.  I see no path forward for Cgc this year.  

 

Homestretch4me wrote:
https://twitter.com/SenSchumer/status/1494355489588662274?t=LtX3tZrZtP6JNFAhmjZhHg&s=01