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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 quinlashon Mar 11, 2024 10:42am
103 Views
Post# 35926313

RE:RE:RE:RE:RE:New Press Release - CANOPY GROWTH ANNOUNCES DETAILS REGARDING CONVERTING INTO EXCHANGEABLE SHARES

RE:RE:RE:RE:RE:New Press Release - CANOPY GROWTH ANNOUNCES DETAILS REGARDING CONVERTING INTO EXCHANGEABLE SHARESMany cannabis companies are currently operating at a loss, this is actually normal for emerging markets.  All of the historical highs on this one took place while the company operated at a loss.  

Virtually all highs occured during periods of time when optimism on US Legalization started to ramp up.  The most notable moves on Canopy occured in late 2020 / early 2021 when Biden took office and was talking up Cannabis.

It is very typical for companies to make notable increases in SP when they report EPS positive numbers.  The company itself will sometimes speculate in news releases as to when this might happen but it's also not uncommon for that expected timeline to differ +/- somewhat depending on what revenue or expenses actually occurs vs what the company forecasts.  If you ever had a job where you were asked to forecast sales for a year you'll understand how challenging that task can be.








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