RE:RE:RE:RE:Rota -> Holding Short on Canopyquinlash wrote: Rota,
Regarding Canopy debt... many companies run debt, even some of the biggest and profitable companies out there. What is more important is that the company has a plan that will work to turn the corner of profitability. This can be accomplished through growing existing sales, the opening of new markets (eg: Germany and the US), as well as the introduction of new / high margin products.
From what I am seeing from all of the top Cannabis companies is that they are downsizing production that is not needed in order to drive out cost and focusing on their best selling products that produce best margins (profitability).
Until the company turns the corner for profitability you will have to accept the trade as being one of HIGH RISH / HIGH REWARD.... IMHO I would rather be betting on it rather than against it.
In terms of Shareprice... it is very obvious that the market responses well to any mention of US Legalization as that is when Canopy went over $50 the last time (when the Dems Promised it for 2021)
JMHO / GLTA
Q
I am not a buyer of any cannabis companies until the banking act or the legalisation, too obvious, just looking at their financials. It is not an obligation to own stock, being on the side has been very good for me. As for shorting, I cover on big movement then I wait. I prefer to be on the side and I am all cash. I was on the side for months when you gave me the idea to short, you recall. You are a pumper who led people from $14.00 to the price of Hexo now. You should be ashamed.