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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 > Canopy splitting up its Canadian operations
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Post by Donwaan on Dec 01, 2022 10:13am

Canopy splitting up its Canadian operations

Canopy Growth said it will be breaking out its Canadian cannabis operations into a stand-alone business unit and laying off 55 staff, the move is meant to help the company reach profitability. As part of the changd Dave Paterson will now serve as its president of Canadian operations. Mr. Patterson is expected to drive greater accountability as the company tries to find sustainable growth. "Through the changes announced today, our structure and operations are now aligned with the areas of greatest opportunity and reflect Canopy's resolute focus on achieving profitability in Canada."
Comment by Oldweed on Dec 01, 2022 10:50am
So as a stand alone it can fall alone, that being said,would it be reasonable to assume the stock will perform independently from that of the new US holding company and or CGC, or am I missunderstanding the risk here?
Comment by Homestretch4me on Dec 01, 2022 3:44pm
You are misunderstanding completely
Comment by Rotaluceps on Dec 01, 2022 6:35pm
No he is not.
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