Canopy Growth Corp T.WEED

Couple of cheerful days

[lou64]

Suck those that believe things are turning around ... much more negativity will happen before any turn around in the Weed sector ... watch the quarterly ....

you people did not care to listen or visualize the writing of this sector which was built on pure hype and over zealous investors

2021-09-24 07:55 ET - In the News

 

The Globe and Mail reports in its Friday, Sept. 24, edition that CIBC analyst John Zamparo is keeping his "neutral" recommendation for Canopy Growth intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Zamparo says the 25-per-cent decline as measured by sector ETFs over the past three months resulted from a "lack of profitability from most Canadian [pot] producers, the continued dearth of institutional investors and the realization that U.S. legalization appears unlikely until at least next year." Mr. Zamparo cut his share target by $5 to $22. Analysts on average target the shares at $27.18. Mr. Zamparo says in a note: "We have lowered our FQ2 sales and EBITDA forecasts for Canopy following the CEO's statement at a recent conference that year-over-year sales may decline in the quarter. Since FQ2 last year, Canopy has gained $15- to $20-million in quarterly revenue from acquisitions, implying that core revenue declined double digits year-over-year in a quarter in which stores operated unrestricted. We estimate that same-store sales were likely down 20 per cent year-over-year owing to the saturated Ontario retail environment, as well as a 3 to 4 percentage point decline in market share."

© 2021 Canjex Publishing Ltd. All rights reserved.

 

[Thepopeisdope]

I agree and your post will more than likely be taken as a bash against this failed Sector....these people you refer to seem to enjoy losing money day after day....some of them has been here since $70 and stuck around promoting this stock...it will be a penny stock and they still think they will make money.... that's were insiders get their cash...these idiots....go long...lol

[lou64]

Hold tight Gomer Pyle your band of merry cheerleaders are shrinking !!! Your haircut isn't over yet .... watch the quarterly and down grades keep up the cheerleaders job you promoted yourself in 

[Thepopeisdope]

I told you that your post would come across as a bash....hehe

[lou64]

Gomer Pyle does not seem to grasp the reality of Canopy's story ?? Ontario which is ( the largest Canadian market) has over 1000 weed stores now ... These stores sell many many many different types of brands from many many many different Producers ... Leaving Canopy out on a very skinny limb with a very heavy debt load to carry !!! Customers have many different choices to make and Canopy

[Thepopeisdope]

I agree, these first timers believe Canopy is the only LP in Canada....the problem with Canopy sales is their weed has the highest concentration of ammonia on the market.........https://www.sciencedaily.com/releases/2007/12/071217110328.htm....maybe they should stop rubbing their rabbit foot and actually get out of their Parents basement and purchase and smoke some of this Companies weed

[Homestretch4me]

You're such a scary little negative cockroach.

[Freelancer779]

Dead on ! added to that $60 ounces on the Reserve and you got this sinking ship 

[Homestretch4me]

There he is..........and that confirms the bottom is near. Good morning Lou(ser)