Ok, this quarter is going to be a MESS. People, you need to read between the lines here. Honestly, imho this release SCREAMS train-wreck.
Here is the relase about the date change, with my comments highlighted in yellow.
CANOPY GROWTH TO REPORT FOURTH QUARTER AND FISCAL YEAR 2022 FINANCIAL RESULTS ON MAY 27, 2022
Canopy Growth Corp. will release its financial results for the fourth quarter and fiscal year 2022 ended March 31, 2022, before financial markets open on May 27, 2022. So lets see. The release was going to be on a Tuesday, and now it is changed to a Friday. You have to ask yourself why they would do this? The reason is simple. BAD news is ALWAYS released on a Friday, to give investors a chance to hopefully calm down over the weekend. Good news is typically released on a Monday or Tuesday, giving the stock a few days to run. That they've changed from a Tuesday to a Friday imho is an ominous sigh.
Following the release of its fourth quarter and fiscal year 2022 financial results, Canopy Growth will host an audio webcast with David Klein, chief executive officer, and Judy Hong, chief financial officer, at 10 a.m. ET on May 27, 2022.
Beginning this quarter, the company will be using a question-and-answer platform developed by Say Technologies to enhance engagement with its shareholders, allowing verified retail and institutional shareholders to submit and upvote questions. Management will address a LIMIT number of questions relating to Canopy Growth's business and financial results during the Q&A portion of the conference call. WTF??? Talk about desperately trying to control the damage fallout!! They want people to upload questions ahead of time, then they'll pick and choose what they want to answer. Heaven forbid they get an honest tough question in realtime, or worse, hear the wrath of investors.
But wait, it gets worse! They openly state here that they only going to answer "a LIMITED number of questions". WTF AGAIN!! NEVER have I seen something like this in a release.Talk about crawling under a rock and trying to hide! Newsflash Canopy. The whole purpose of the quarterly IS TO ENGAGE OPENLY WITH YOUR SHAREHOLDERS!! But you're doing the COMPLETE opposite, trying to control the questions, and then limit the questions.
People, if this were good news, they would be happy to stay and receive the accolades. But they are doing the COMPLETE opposite. Take a look at any other previous quarter. Has their been a reference to controling the questions or to only answering a limited number of quesions?? NOT AT ALL.
You need to note the change and ask yourself why. And the ONLY answer is that they want to get the Hell out of there as quickly as possible.
IMHO, THIS IS GOING TO BE A SHOCKING CRUSHING MESS.
But wait, can it get even worse? The only other question is why they've moved it a up by a week and a half. If it was just bad news, they coule have waited 3 more days to the Friday....but they didn't.
Given all of the above, let's take it as a given that's it's going to be a Hellish quarterly report. So why move it earlier?? To get it over with?? Hmmm, possible, but doubtful. Is this the quarter where they are going to announce a share dilltion due to a massive financing? People say they've got all this cash on hand. Well cut that in half. That gives them one quarter, or maybe 2 of working capital. Companies don't wait until the last moment to finance.They do it ahead of time so they don't seem quite soe desperate...even though they are. We'll see what comes, but personally, I wouldn't be suprised at all. By all accounts, imho this company is on life support.
So all in, imho there's a hurricane coming your way, worse than ANY of the other hurricanes that has smacked you already. This one? A category 5 monster. And you seriously want to hold shares?? That's about as intelligent as going out in the category 5 with an umbrella, thinking you'll be fine.
Once again, you've been warned Clowns. Seriously, how many times have you been dead wrong now???