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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 disagree with potential sale of BioSteel
View:
Post by quinlash on Aug 09, 2023 6:33pm

I disagree with potential sale of BioSteel

I realize Canopy is annoyed (to say the least) about BioSteel but they did contribute to the sales figures and I see the drink market being huge in the future.  I was watching a TDR video the other day and they were commenting on how CBD / THC drinks would be more popular at concerts vs smokables etc.  I also believe the CBD drinks are going to become very popular in sports leagues to manage pain / swelling etc as I use those products myself for the same reasons.

Not too sure who remembers this however Dwayne Johnson (The Rock) launched Zoa Energy Drinks and he is selling that stuff hand over fist.  I think a similar product, or a partnership with Zoa, would be worthwhile to investigate on the part of both Canopy Growth and Tilray Brands as both companies produce Cannabis infused drinks and they are getting more and more acceptable within the sporting leagues.

Anyhow, long story short... I think Canopy should really think hard before selling BioSteel as they could be "Throwing the Baby out with the Bath Water"

JMHO

Q

Comment by charlie007 on Aug 09, 2023 8:55pm
In Canada, Beverages are the seventh most popular category, making up 2.1% of total sales from January through October 2022. now the are saying biosteel has lead omg is this company supposed to fail or what
Comment by Coloradobuff on Aug 09, 2023 9:15pm
They have to sell biosteel. It's a serious anchor. 
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