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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 Tradinghandson May 02, 2024 6:32pm
163 Views
Post# 36020587

Canada's canceled licenses

Canada's canceled licensesCanada's cannabis sector is imploding and prices for products have lost closed to half their value as companies fold up and leave because theres not enough money in this sector. The DEA changes will take up to a year so eveyone just has to look at where these shares were trading before the DEA hype TLRY was at $1.60 USD and Canopy was at $3 from a 3 year high of $250 USD they were both heading towards bankruptcy or selling off parts or looking to raise money. If you are a long then you'll be lucky if in 2 years you double your money. Too risky of a sector and thats why these stocks are underperforming. 

Canada's canceled licenses, ‘uncollectible' cannabis taxes soar (mjbizdaily.com)
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