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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 > All it would take for an easy double would be
View:
Post by geodcan on Oct 23, 2023 5:22pm

All it would take for an easy double would be

for Klein to remove the dogmine called consolidation that is stinkin' up our prospects.

That consolidation proposal carries more weight than all of the moves he has made to move Canopy towards black ink.

Consolidations are the precursor to failure and it would be a shame to take a once glorious prospect and world leading pot and hemp company and destroy it, at least for the shareholders who built it with their hard earned investment dollars.

To me he is the snake in the grass that everybody is so fearful of.  He is working one side of the equation to reduce debt and get Canopy close to positive revenue but the question remains is whether existing shareholders are going to take the shaft from the latest financiers and preferred shareholders in the STZ camp.

He is non-commital and sending mixed messages to Canopy and Acreage shareholders.

If our management is not weighing in on their concerns for doing business in the US, what is happening with the deal for the rto for Canopy to swap shares for Acreage.

We were led to believe that this is do-able and that we weren't waiting on any pro-pot legalization efforts by the US, so what is the delay all about.

Do the existing shareholders of Canopy and Acreage still share in moving on Canopy and Acreage upside or are we just going to be screwed over like so many others.

STZ is still pro-pot and investing in like-minded investments to secure popular and hopefully, profitable brands that can be vended in to Canopy USA.LLC to make a formidable MSO.

Tell me I am wrong that actions are speaking louder than words!
Comment by quinlash on Oct 23, 2023 5:47pm
Klein is stuck with the Consolidation option until the market lifts the price of shares over $1 USD for 10 days in a row or until his deadlines are all up.  Based on what I am seeing he has until Jan 2024 and then can apply for a 6 month extension to push it out until July 2024. Between then and how there is another QTR report, multiples if the extension comes through.  If those reports ...more  
Comment by charlie007 on Oct 23, 2023 8:02pm
Looks like this stock is valued at .50 usd for now.    I doubt QTR reports alone can cause it to double in time.      Last I checked they were losing market share. If they consolidate before taking the extension, Klein is not going to be very popular.  
Comment by Coloradobuff on Oct 23, 2023 8:19pm
Klein will get the extension but needs two quarters to show no cash burn. 
Comment by widrig on Oct 24, 2023 7:48am
House will be in order with new pot friendly speaker   (Tom Emmer front runner) likely by tomorrow. Senate will pass safer and it will pass in the house 100% imo. Short squeeze is going to be epic on the stock, 52 week high by Christmas. Germany legalization just around the corner, and then full on US legalization earlier 2024. Shorts playing with fire, shorting at the bottom. Need to pay ...more  
Comment by charlie007 on Oct 24, 2023 10:31am
The market is slow to react, I think the first wave of fomo's got their wings clipped and are twice shy.
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