Post by
Masterbuilder on Jul 04, 2019 1:26pm
Canopy CEO exit changing sector sentiment
As much as I like this story, I am not immune to changing my view based on execution to plan and shifts in sentiment, especially when they come from high places. I took a deep breath this morning to ask myself if there aren't smarter people out there than me, and if the smart + big money people are fed up with lackluster results. Specifically, not meeting top and bottom lines. When a whole industry, and a leading figure, start begging for time, I can't see how this bodes well for stock prices. As a fellow forum member here posted before the Linton news came out, the IAN $ price could very well go back to the 52 week low and through it. At that time, sentiment was quite different, so I wasn't in full agreement simply because of some chart theory or educated guess. Tough times call for tough action and the IAN boys better start putting the spurs into their mounts because clearly the market is losing patience. All the new high-priced talent had better start showing some results because long-term vision is being replaced by miopic scrutiny. When the big money talks... and a CEO walks... it's time to pay extra attention.
Comment by
TeamEddie on Jul 04, 2019 5:58pm
he did not walk he was canned
Comment by
Mike411Ontario on Jul 05, 2019 9:08am
This is a good thing for Canopy. Bruce did a great job growing CGC but apparently cannot operate efficiently. Losing way too much money still. I wonder how this will effect Acreage?
Comment by
younginvestor27 on Jul 10, 2019 9:36pm
this is ian board homie step back