RE:Jefferies Expects Cash Flow Positive by 2026quinlash wrote: Canopy Growth traded at it's all time highs of $67 +/- during a period while it was not profitable, it traded in 2021 at a high of apx $50 CDN (again, yet to turn profitable). The company today is trading just up off its all time lows and yes, it is not profitable today.
Jefferies is saying it will be profitable (posting cash positive of .05 per share) by 2026
What will be the Shareprice by 2026 ?
We are waiting to see if the US Feds Legalize Cannabis, if they do Canopy will have access to many more consumers and large corporations, banks and other institutionals will be free to invest in Cannabis Companies.
What will the shareprice be then when Canopy can access the US to sell product and post stronger sales numbers?
Investing is all about speculating on future market developments, speculating on WHEN that may develop and getting in as cheap as possible before that WHEN happens. Stay strong to your own research, speculation and your own timelines.
Here is the link to the Original Article (Reported 8 days ago) https://www.defenseworld.net/2022/08/15/canopy-growth-co-nasdaqcgc-expected-to-post-fy2026-earnings-of-0-05-per-share.html
You didn't have to search for long since I just posted it. It is only expectation and all the expectation failed until now. The downtrend will continue. Let's see the next quarter result. Beware of quinfraud the pumper. He pumped Hexo from $14.00 to 26.5c with his average down losing money strategy that many followed on the Hexo forum. In fact, he owns no shares, he is just a pumper. Best thing to do is to stay on the side and wait for the legalisation.
The competition is also very stiff in the US. Of course, I will play the news on legalisation.