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Bullboard - Stock Discussion Forum Canopy Growth Corp T.WEED

Alternate Symbol(s):  T.WEED.DB | CGC

Canopy Growth Corporation is a cannabis company. It delivers innovative products with a focus on premium and mainstream cannabis brands, including Doja, 7ACRES, Tweed, and Deep Space, in addition to category-defining vaporizer technology made in Germany by Storz & Bickel. The principal activities of the Company are the production, distribution and sale of a diverse range of cannabis and... see more

TSX:WEED - Post Discussion

Canopy Growth Corp > T - 1...& time is almost up........
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Post by mrmomo on May 26, 2022 10:22am

T - 1...& time is almost up........

How bad will it be? Imo, pretty bad. Just based on Ayr Welllness recently, which is a vastly better managed and more financially stable company and peer company Aurora's results, both companies had a horrible quarter. That alone should give you an idea of what's to come. Luckily for Weed that the general markets have recovered a bit, which has helped somewhat by stopping the bleeding and provinding some added padding to absorb the big hit tommorow.

My guess......a huge operating loss, maybe a record breaking one, with costs running wild and some huge impairmnet charges giving Canopy a more than 1B loss. And that's the good news.

Btw, remember folks, don't forget your goggles.......

GTLA
Comment by TheProphetElijah on May 26, 2022 10:51am
And look at AYR go, already priced in.  Is Canopy priced in?  Market already knows about layoffs - bad news makes bottoms?
Comment by dragshot on May 26, 2022 11:29am
That's a misconception as it's been nothing but bad news for WEED for well over a year.There are no signs of a bottom, plus a dog like this would now need at least 5 years of basing alone before hitting those all time highs again.  That's the great thing about not being married to a stock.  I can do so much more with my money in the mean time rather than having it sitting ...more  
Comment by Homestretch4me on May 26, 2022 12:24pm
See the arrogance of these morons. He assumes all the Longs have all their money tied up in weed. Which definitely points to this posters bankroll being small and his knowledge of the situation being limited.
Comment by HighTime20 on May 26, 2022 1:24pm
Whether you have $1000, $10,000, or $100,000+ tied up in this disaster, it is absolutlely dead money.   We will see tomorrow how bad the last quarter was.   I'll be interested to see what Klein blames the lost market share on this time around.   I suppose he will likely blame everyone and everything but himself.
Comment by Homestretch4me on May 26, 2022 2:39pm
Account created April 29, 2022. Another Starcrapper alias.
Comment by HighTime20 on May 27, 2022 1:39am
Wrong again.