Canopy Growth Corp T.WEED

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

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.

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Canopy Growth Corp > No Shortage on Prattle, No Substance as Usual

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Comment by yp01048on Jun 27, 2023 5:47am

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Post# 35515699

RE:RE:No Shortage on Prattle, No Substance as Usual

They need to preserve their cash assets.
they still have one of the highest cash positions in the sector, but that is dwindling rapidly. Some suggest thier will be bankrupt by early 2025. But that is based on Canada alone, and doesn't take into consideration if canopy usa closes.

If the q1 numbers show a marked improvement in cash burn , that might be a start, but canopy has disappointed every quarter, on every metric.

I would listen to the call again. They talk a lot about canopy usa and they look to monetize non core assets.

seems like BioSteel and this works are up for sale.

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