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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 > bought in at 0.72 for a trade.
View:
Post by mingzhu on Jun 23, 2023 11:12am

bought in at 0.72 for a trade.

the reason is it can last at least one year with $700m cash before bankrupcy.
Comment by mingzhu on Jun 23, 2023 11:18am
It burned $98M cash in Q4, 700m cash can last 7 Qs.
Comment by quinlash on Jun 23, 2023 11:59am
Nice to see folks who actually take the time to read the report, you are one of few IMHO. Yes, the cash on hand is notable, the company has also been releasing new products and making new deals.  Personally I do not see this as a company that is closing its doors anytime soon however I do see it as being unnaturally beaten down.