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.