Canopy Growth Corp T.WEED

David Klein needs to go

[Goodhunting4]

Klein has been horrible for Canopy Lots of Debt Had a fire sale of C3 and a share dilution Out of control spending 
Under his tenure the share price is down 95% that's enough to Warrent Buffet fired

[Mosdef111]

I'm not a Klien pumper but any means, but if all other lps and msos where taking off while Cgc was at these prices, I would agree. But the whole sector is messed up. Klien was put there by STZ. It's not like he had full reign to do whatever he wanted as 4/7 board members are all from STZ and most biq acquisitions he did required a vote I would imagine.  of course I don't know

[yp01048]

I agree. I decided to read the latest financials for 2022. Annual revenue was as we all know approx 520. Tilray for 2021 was 513 million. But that includes Aphria revenue as well. BioSteel was a big gainer and the Storz and Bickel brand was up slightly. going in 2023, I would expect to see these brands to be the biggest gainers as well with the continued focus on premier brands. we will

[Contrarian55]

The only thing that has merits is the US.  Unfortunately Canopy has to spend so much money on the front end to try and get bio steel out there.   As far as LP's go.  Tilray will win.  They will likely get 50% of Hexo for that tiny amount of money they just paid.  These guys run negative margins, bad assets and no one believes them anymore most importantly.  SS

[Starsearcher80]

I think there is some merit to the u.s. assets. I don't think Klein/Constellation gives a rat's azz about Canada, and has already basically written it off. What you're seeing imho is the full and purposeful destruction of Canopy. Constellation is NOT their friend in any regard. So here you have the slow motion takeover of the company, squeezing the literal life from them at every turn,

[Contrarian55]

STZ has already called Canada the testing ground.  I agree with you that they seemingly have run this into the ground, whether intentionally or not.  No one is gonna buy the Canadian assets.  Not now anyway.  Although that could change in a few years.  You bears make it seem like it's going to 0.  The elusive delist.  Tax free win.   

[Starsearcher80]

First of all Contrarian, no, I'm not paid to be here.  You're smart enough to know that the daily number of readers on this forum, or any stockhouse forum for that matter, doesn't warrant hiring someone.  Furthermore the number of readers and their assets is a pttance compared to the daily trading volume.  But you've been around the block enough to know this, so cut

[Mosdef111]

Side note: schumer hasn't tweeted about cannabis reform since May.  don't know what to make of that. Hopefully his next tweet about cannabis is to introduce his bill. also, we don't see Altria making a bid to buyout Cron at these prices? Wouldn't the same logic be applied to them. Stock is "dirt cheap" and I think Cron is profitable.  

[yp01048]

I would think he knows that the entire industry is fed up with him. But he probably doesn't care. Safe most probably going to get added again in NDAA, for it to die in senate. CGC results in a few weeks. Hopefully some inprovements. 

[Goodhunting01]

Klein will never leave on his own he makes way to much money - Greed will keep him here as long as he can The question is how long can he hang on when he has no idea what to do