Canopy Growth Corp T.WEED

Canopy’s market share in Canada around 9%

[Savage97]

According to figures from industry data provider Hifyre, Canopy's share of the Canadian market has tumbled to about nine per cent, revenue fell to $131.4 million, its third-straight quarterly sales decline. Klein said the company needs to make $225 million to $250 million in quarterly revenue to become profitable, although Canopy withdrew its guidance on when its expects to generate positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA).

[OptGreen]

As per plan S97, pretty hard to see anything as definate as any material loss or targets planned being missed this early in the restructuring...just fake news and wishful thinking for those hoping to load up on the cheap. The greatest head wind for this company is the level of success for the industry stateside. Klein is not here to build an over bloated Canadian market loser, like STZ et al

[Savage97]

LOL!  The only fake news is coming from Klein who promised Canopy would be selling THC products in the USA by the end of the year and that his company would be EBITDA positive by the end of the fiscal year (as recently as the Barclays conference).  IMO Klein wants to be fired so he can sell his shares in private like good old Bruce did.  GLTA    

[OptGreen]

Please, what a pile of bullshite of zero value S97...these estimates are forward looking and like with Klein's estimate, an estimate of future progress is based on the info available at the time, then we wait for the next report to get an update on the progress and the guidance going forward from there, of which is a generally accepted practice in this and every other publicly traded company.

[Savage97]

LOL!  Klein had shuttered the most facilities and has reported the steepest losses.  Canopy has lost CA$3.8 billion since its inception; Aurora has run a CA$4.1 billion deficit.  Neither have ever reported a profit and Klein ranks 2nd right next to Aurora in 1st for money burned...   GLTA