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Voyageur Signs Letter of Intent with Large Multinational Pharmaceutical Company (click to learn more)
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Canopy Growth Corp T.WEED

Alternate Symbol(s):  T.WEED.DB | CGC

Healthcare Drug Manufacturers - Major Cannabis Cannabis
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.


TSX:WEED - Post by User

Canopy Growth Corp > Avoiding bankruptcy at the moment
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Comment by quinlashon Nov 20, 2023 11:28am
163 Views
Post# 35744419

RE:Avoiding bankruptcy at the moment

RE:Avoiding bankruptcy at the moment To my knowledge the Covid money provided to busineses in Canada does not need to be paid back.

There is additional money (at least it seems from Press Release) going to Canopy's bottom line from the sale of BioSteel.

If you look over their earlier Press Releases you will also see that they raised $50 Million from a public offering last month or so at $1.09 USD.  Apparantly someone was willing to take on additional shares at better prices than what we are seeing today.

Anyhow, yes, you always need to be careful with cash numbers but frankly, I am not betting the farm on this one, just enough to keep me interested as I am a believer in the Cannabis Sector.  I believe this one has a decent chance of getting back up to something resembeling earlier highs.

jmho / dyodd
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