Canopy Growth Corp T.WEED

The Big Reason Behind Canopy Growth's Woes

[Savage97]

was its focus on cannabis 2.0 products like edibles, vapes, beverages, etc., instead of dried cannabis with high THC (tetrahydrocannabinol, the chemical in cannabis that gets users "high"). At the end of the day, consumers enjoy the drug due to its "buzz" sensation and want to take the path of least resistance to get there.  As a result, the company is running into major issues with unsold inventory and overexpansion of production facilities. These expenses totaled more than CA$564 million in the past year.  

Investors should expect Canopy Growth stock to continue its sell-off as worries about its profitability and a botched U.S. expansion mount. The same problems plaguing the marijuana company now are likely to continue well into next year.  

https://www.nasdaq.com/articles/where-will-canopy-growth-be-in-1-year-2021-07-31

[OptGreen]

Way back to the historical bullshite again S97, where do you guys come from...this article was not applicable then and even less now. Bone up on the facts, the current state of affairs with this company and what they done since and are doing now. If the fog doesn't start to lift then, stick to the sqeegee. JMHO...Opt

[Savage97]

That's my point, investors already knew from way back that the sell off would continue due to their pivot from selling flower for beverage and CBD products.  Finally pivoting back.  Really, who knew?