Post by
Vulcan on Dec 13, 2023 10:06am
Bloodbath today
Not good here... may be an opprotunity to get in.... yet I'm in no rush on this one... after the conversion.. will the shorts take the opprotunity to knock it down further.....hope things turn around for you guys..... managment needs to prove they can turn it around.... best of luck
Comment by
dothemathpeople on Dec 13, 2023 10:44am
C'mon man; you don't buy a worttless stock that has no assets, massive debt, poor market share, weak revenues, and a 10:1 reverse imminent, at year end. Open your mind.
Comment by
1condor on Dec 13, 2023 10:49am
Reverse splits are in most cases the stake in the heart for a company. Maybe WEED will be the exception to the rule, but I doubt it.
Comment by
Coloradobuff on Dec 13, 2023 10:53am
Unfortunately agreed. There is no rush to enter a position here. The USA needs to reschedule. Can I-has to show growth and cash flow positive. Again, mso's are a better bet at this time.
Comment by
BrokerG on Dec 13, 2023 10:51am
I think Canopy gave us the answer of Rescheduling and SafeBanking. If they really felt this two items were imminent they would not have done the consolidation. I think it is pretty clear we are in for a very long haul here before anything is done in those areas. Best guess- late 2024 or in 2025, after the next US election.
Comment by
Donwaan on Dec 13, 2023 11:09am
Sadly, I think you are right in your analysis BrokerG. What a colossal disaster Canopy has been, right up there with Bre-x. How do you blow $5 billion dollars?