Canopy lost $2 billions in the last QIt probably slowed down enthousiasm for the cannabis sector for a little while.
As a huge grower, focused on selling high end products just when inflation is leading consumers to less expensive vapes such as the ones Nextleaf produces, Canopy has it all wrong. Mostly waiting for the US market to fully legalize cannabis, it painted itself in a corner.
For people looking for tangibles, looking at Canopy is some kind of conclusive reality check for Nextleaf: our strategy is a sound one.