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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

Post by dart321on Dec 13, 2023 2:15pm
168 Views
Post# 35782682

Consolidation

Consolidationhad to come, it was a no brainer the only issue was what the role back would be set at. Well its a 1 for 10 due to be completed by December 20th. As in most role backs we will likely see a drop off in share price after completion. The question now is how low will it drop? Once everyone is cleaned out it might turn out to be a very good buy. This reminds me of the Canadian realistate market, 3.8 million mortgages are coming due over the next 18 to 24 months 97% of those mortgages are over 1 million mostly in the greater toronto and vancouver areas. To qualify for a remortgate of 1 million dollars house holds need a family income of $260,000, here is the rub only 302,050 families in Canada make that kind of family income. So the question is how many are going to walk away from those houses? Here is another tack on 93% of those mortgae holders also have a line of credit against those houses . House prices will have to drop atleast 50% if interest rates stay at present percentages or close for the next year. Why did I post this, simple there will be no disposable income to by stocks. In my opinion look out below!!!!!!!!!!!!!!!!!!!!!   
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