RE:RE:RE:RE:ConsolidationI do not see cutting cost and trying to focus on profitability as being questionable. Most, if not all, of the cannabis companies have been doing the same since Biden failed to deliver on his promise to de-schedule / progress legalization state-side.
I realize many do not like to see folks lose their jobs etc however that is part of business and with many of these producers having gone over capacity for the available market (due to US not being fully open as expected) companies like Canopy (and others) are doing what is necessary to continue going forward with what they have to work with.
If you are calling into question the BioSteel deal then that too can be discussed. BioSteel presented their numbers to Canopy and Canopy came to a purchase agreement on those numbers. As noted by the company they found an accounting issue after the fact and they are looking at all possible means to account for that and correct things, even to the extent of selling off BioSteel again to free up that cash. I noted that Canopy should hold onto BioSteel (IMHO), maybe they will, maybe they will not and the cash they gain will go back into the operation once again.
You cannot judge a company by it's shareprice. At times you can see a SP trade for extended periods at insane highs (look back at 2017 / 2018) and now in 2022 / 2023 to compare. Canopy has gone through a lot of changes and will continue to do so as the company matures.
It all takes time.