Out of the frying pan.....AND .....Into the FIRE.....LOL. Well, when you thought the things could NOT possibly get any worse.....THEY DO. And our good friend Tilray JUST made that happen, at a snap of a finger, with their own surprises for their s/h (and the whole pot scetor as well!!!) on this very gloomy, dreaded Friday Morning.....lol. Who knew.....that S could get this bad? Well, for one......i did. But even i didn't expect the Forest Gump of the Cannabis sector aka Mr. Simon Says to literally pour flammable & explosive Jet fuel onto an already raging, out-of-control dumpster fire we call the "up in flames" cannabis industry. But he did.......and now poor Canopy s/h have an added headache to think about & extra baggage to their already own personal heavy load with Canopy.
A couple of KEY points before i let you fine folks go, to leave all this drama behind & rest up to enjoy the long week-end. A few key dates have come & gone for Canopy's reporting and with the Tilray "surprising" developpements, it didn't make this simpler or better. Canopy failed to report their Q4/Annuals yesterday and they've also failed to report them before trading hours today and I HIGHLY doubt they will do so during trading today. So that leaves us or s/h, as i'm quite glads i'm not one lol, with two or three remaining possibilties. Two NOT good!
So with Canopy DUE & obliged to report financials before month's end, these are the options left. One, The DREADED Friday Night Release. Which as many XP'd investors know is NEVER a good thing. Two, they report on the 30th/31st the virtual last days they can and s/h best bet for Canopy to release nothing to damaging. And the last option......which is the worse outcome of all, even worse than The Dreaded Friday Night Bombshell. Canopy can actually decide not to report AND delay reporting their Annual/Q4 financials. This of course would be a totally catastrophe if it were tob happen as it would indicate to the market & investors some serious issues, a lack of competency and a total loss of credibility by mgmt from investors.
So you guys better hope that it's The Dreaded Friday Release instead of them delaying or not reporting at all. Or get on your knees & pray to Jesus they do on the VERY last day! But be aware that it is only the beginning, because even if they do, it's which surprises that are waiting in those financials & what's in the pudding that counts.
GLTA