Canopy Growth Corp T.WEED

Canopy needs to right size their business

[Coloradobuff]

Canopy needs to be smarter with their cash. They are not hitting their 250 million target without the USA market opening. They can't count on that. They need to kick their bad products to the curb, which they are now doing. They need a better grower to make sure their bud is high quality. They also lost 7 million on storz Bickel sales. Between that and thr 34% reduction b2b cannabis, if they fix those will be better off.

[Starsearcher80]

I agree with you completely Colorado.  But I see no indication that Klein is either up to the task, or able to execute on the task.  And the best he has to say is "no guidance"???  The problem I think, is that Klein is at heart, an accountant.  Not a businessman. Not experienced in what the industry is looking for.  Not a visionary.  Just a bean-counter

[ridingrockets]

I do not hold any CGC at the moment - I am waiting to see if single digits (CAD) comes around and maybe I will throw a dart as I do believe there is one more FOMO drive in the works (America Fed legalization) but that won't solve the hot mess these guys are. However the acquistions made of late will be/are integral to them being able to one day get to profit. Think about there revs - without

[Homestretch4me]

I'm so disappointed. This was a big opportunity for you to use your yellow highlighter and winky faces. Instead all we get is large bolded font. Your game is slipping.

[Coloradobuff]

Shorts and longs let's keep the discussion about the merits of each position. 

[Coloradobuff]

I agree with a lot of your assessment. Constellation will not let them fail though,so don't think that they will hit zero.  The Bruce style spending spree is going to hurt them if they keep going.  the us mso's are better plays at this point, sad that canopy really screwed up by building out capacity vs building brands.  where I am excited is biosteel, their drink

[Coloradobuff]

Curious why didn't you like Klein? For me i liked the fact that as a cfo he would come in and drastically reduce their expenses. But he didn't. He needed to cut his first 6 months.  now they are net buyers of weed I believe so all those green houses they bought were a waste. Like the 270 million dollar buy in BC.