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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 quinlashon Feb 02, 2024 5:06pm
253 Views
Post# 35860464

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

RE:RE:RE:Canopy Press Release - New Product Line LaunchThe company is in business, selling product, rolling out new products and actively trading on the NasDaq, I am sure we can all agree on those facts.

Canopy recently closed a $35 Million Dollar Private Placement in exchange for shares.  This is pretty easy to confirm as well from their News Release.

If they should happen to need more cash then we can speculate on their chances to have more investors step forward to again provide funds from another Private Placement for shares.  No one likes to see Private Placements however it's a reality on companies that yet to turn EPS positive.

I believe the company was sitting on apx 1.4 Billion in debt last year, now it's down to around $400 Million.  

They're not bankrupt -> they are paying off their debt and re-structuring for profitablilty.




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