Canopy Growth Corp T.WEED

Alternate Symbol(s): T.WEED.DB | CGC

Healthcare Cannabis

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

Canopy Growth Corp > Eight Capital: Sell rating and C$4.00 target price for WEED

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Comment by Starsearcher80on May 30, 2022 8:03am

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Post# 34716356

RE:Eight Capital: Sell rating and C$4.00 target price for WEED

Eight Capital has done an excelent job of noting the now extreme risk of holding this stock. Very nice too to see them now highlighting the risk to liquidity, which I've been saying for the past year now.

"Sustained losses and continued US investments support our view that WEED's historical balance sheet strength will deteriorate into weakness, with upcoming debt maturities adding dilution risk."

" We think WEED's $600 MM of deep OTM convertible notes - which become current in July - add dilution risk, with a $200 MM minimum liquidity covenant on their credit facility further limiting headroom."

Imho, this stock is a complete mess, and is in NO way a buy. It is a toxic "AVOID" in all regards. Of course, the Clowns will call this yet another massive buying opportunity. ;)