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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 BrokerGon Feb 02, 2024 4:50pm
137 Views
Post# 35860428

RE:RE:Canopy Press Release - New Product Line Launch

RE:RE:Canopy Press Release - New Product Line LaunchBy far the worst day for Canopy in awhile.All momentum was bullish. What happened? Surely, a strong job report and therefore no interest rate cut near term, as nothing to do with a Cannnabis stock. Very disappointing.

I think it is pretty simple. This company is bankrupt without US legalization. I think everyone can agree with that. Therefore, the question is when or if they will finallly legalize nationally. If you are investing in Canopy you are basically taking an option on legalization. 

My view is they will legalize next year after the election. Biden is not a supporter of marijuana and Trump will vote in favour only if he personaly benefits. So we are in pergutory until then. 
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