Canopy Growth Corp T.WEED

Klein is either lying constantly or simply stupid

[Savage97]

Klein promised Canopy will be selling THC products in the USA by the end of the year and that company would be ebitda positive by the end of this fiscal year (as recently as the Barclays conference)

Negative GM 54%.
$87 million cost based inventory impairment.
Negative $163 million in EBITDA. 
Net loss of C$1.74 billion for 2021 vs C$1.32 billion loss in 2020.

"Overall, we are not satisfied with where we are today" Translation:  We're still losing money.  "Consumers are increasingly looking for higher THC offerings in the flower category and we did not shift our growth strategy fast enough to capitalize on this during the quarter,"  Translation: We still don't know what customers want 
Klein withdrew guidance.  Translation:  We're still a very dishonest company with inept management.  

[Starsearcher80]

Unfortunately for the company, I beleive your comments are 100% accurate when it comes to Klein's performance. Klein was brought in to turn things around, and has certainly had time to do so.  But these are the results of his turnaround?? An INCREASED loss?  A loss now of $1.74 BILLION????  A loss of $1.74 BILLION when the Canadian market had massive growth?? Imho, Klein has

[angelnicky]

CEO should resigned  time to cut costs or ortherwise, they may risk going back to capital markets unless US opens their borders on legalization Is all weed stocks and not just this one that having diiculty 

[lou64]

Over paid and preformance lacking ... the house needs to be cleaned and only those that understand the industry need apply !! Because Klein's solution is MORE WRITE OFFS / DOWNS coming NEXT QUARTER that will show more impairments to earnings again  expect another round of RED RED RED Since then, Canopy has laid off hundreds of workers and closed some facilities as it tries to

[PlantManager013]

Angeldicky, learn some spelling and punctuation before you provide investment advice. Small steps, Angeldicky. Small steps...