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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.


TSX:WEED - Post by User

Comment by geodcanon Nov 20, 2023 6:12pm
136 Views
Post# 35745415

RE:RE:RE:Dan Crospy BioSteel

RE:RE:RE:Dan Crospy BioSteel You are ignoring the obvious which is related to my personal experience.

I don't know why downgrading from the Nasdaq listing should affect the sp so much but I expect that it will and that is based on my experience.

Yes a consolidation will jump the shareprice up but you will have a proportianate fewer number of shares and, again from my experience, I doubt that the shareprice would hold for the 10 days to keep the Nasdaq listing.

The dowside is the sudden death portion of rolling back sharefloats.  Your volume of shares is decreased with very long odds of ever getting them back.

That gets the sheeple moving towards the exit and my experience over several of these is that the sp quickly reverts back to the pre-consolidation price and the existing shareholders are caught in the sting.

Stock rollbacks are a very last resort and none of the ones I have been caught up in have ressurected themselves.

If the big money is calling for a better shareprice they should get their old boys network together and quit short-selling and bad mouthing the company!

Treating a consolidation approval as a good thing is closing your eyes to the possible outcomes.  It doesn't mean it will happen but having the approval hasn't done squat for the shareprice and the clock is ticking on the Nasdaq listing.

If something momentous doesn't happen to spark up the pot industry like US legalization or rescheduling, it seems that Canopy management doesn't have any other cat in the bag to pull out other than activating a consolidation.

I am not hopeful for the GOP to get a bill signed for a propot legalization proposal.  This has been a political plum and bargaining chip between GOP and Dems for terms now and not taking any priority to other world affairs now.

I have my fingers crossed that they don't tank Canopy which will also finish off Acreage because I am heavily invested in both and have been smelling rats for a long time like the diminishing shareprice of these stocks is by design by marketmakers who may or may not be our managment.

If Canopy is saved and I believe it could be just by team Klein putting out an official announcement that the consolidation proposal is the last move they will make after exhausting all other options but we get silence.  Not one word of encouragement.  The beneficiary of the consolidation getting triggered is STZ lending and shareholders who will come back around with some suddenly found financing to build Canopy USA out as US MSO and major contender.

Or some US legalization laws coming forth could jolt Canopy back to life which would be fair treatment for Canopy, Acreage and STZ shareholders.
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