Post by
quinlash on Jan 25, 2024 11:25am
RE:RE:RE:What will happen
The QTR report that is coming up can be expected to show a marked reduction in expenses (at minimum) through the sale of BioSteel which accounted for upwards of 60% of the expenses being incurred by Canopy Growth.
Canopy also sold off non-core operations and raised $35 Million in a Private Placement. These two facts will contribute to cash position and further debt reduction.
I would strongly recommend you pull together your own estimates as to how much each will contribute to the final numbers before making any assumption on a price movement once the actual report is made available to the market.
In addition, I would suggest going to YouTube to look up the Canopy Growth CEO interviews. In those you will hear what objectives the CEO is setting out and then be able to review the last 4 to 6 reports to indeed confirm for yourself if he is indeed making progress against his goals.
Don't worry about the Shareprice, this is set by the market, not by the Company / CEO. Sometimes the market sets a shareprice grossly low for extended periods of time. This simply presents opportunities to those who take the time to research and idenify where these situations are actually taking place.
Comment by
Coloradobuff on Jan 25, 2024 4:04pm
This is what I am waiting for. Happy to pay more if they actually get it together