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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 > I'm guessing that the 18 month
View:
Post by geodcan on Sep 27, 2022 5:01pm

I'm guessing that the 18 month

time frame to revisit getting the stranglehold off of pot skus by the politicians charged with actually doing something to help Canadian LPs to be successful has something to do with this decision.

I don't know who or if anybody has offers on the table for these retail operations, but that should be interesting.

Maybe Tilray or possibly even a US MSO with the strong US greeback and they have shown intentions before although I am not sure why given the demeanor of Canada's law and policy makers in this regard.

Too much good safe pot and potpreneurs in Canada and no way to make a dollar with the political climate  with respect to marijuana sales.

Just not ready to give us fair play with beverage alcohol.

Good or bad news?  Stockprice will speak the loudest.  

Cutting out the costs or retailing outlets probably won't hurt our stable of sku sales.

Maybe we are going to take a run at planting our flag on US soil relying on State Law protection, just like the US MSOs like Acreage Holdings.
Comment by Moetown1 on Sep 27, 2022 5:06pm
I'm trying to re read this news release a few times and really understand it and their decision on why they chose to do this. It's hard to make a dollar in Canada so if they can get a bunch of money from selling off Canadian assets and put money in the bank that's good. I just hope that this isn't another measure being done to "keep them afloat". I invested in one ...more  
Comment by Coloradobuff on Sep 27, 2022 5:51pm
The stores were a cash burn or they wouldn't do it 
Comment by geodcan on Sep 28, 2022 2:08am
Too many retailers, too much pot, too many grows, too much competition and too low prices.   Attrition needs to happen desperately in Canada  Not to mention too much illegal weed and very little will by law and policy makers to drive them out. I have mentioned before that there could be undue influence to let the illegal weed trade keep happening. I have also mentioned the ways ...more  
Comment by geodcan on Sep 28, 2022 2:10am
All of the other pot retailers still need good product skus and will very likely continue to buy the better sellers and they can drop the less than stellar lines of skus and save more money.
Comment by HighTime20 on Sep 27, 2022 5:56pm
Hack and slash.   Hope for the US market to open up.  It's the De-Klein strategy at work.
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