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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 21, 2024 1:10pm
123 Views
Post# 35891272

RE:RE:RE:EDGE OF THE CLIFF & HALT TO OBVLIVION

RE:RE:RE:EDGE OF THE CLIFF & HALT TO OBVLIVIONYou are implying that there is intelligence behind the movement of a shareprice, I would not be inclined to agree and this is why.

Back in 2020 and earlier this stock was trading at all time highs. If you were to assume a low shareprice now means something negative is coming then you would also have to look back on earlier highs to say the market was looking for something positive.

Back then the company was trading at insanely high sales multiples and building it's debt under the former management.  Currently the company is paying down debt and trading at multiples lower than prior to Canadian Legalization, of course the change in business priorities is thanks to new / current management.

Sorry, if you constantly reference the shareprice movement as your magic eight ball you will miss both buying and selling opportunities.

Best Regards 


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