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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 > a $3 ish uptick in shareprice
View:
Post by geodcan on Mar 27, 2024 4:15pm

a $3 ish uptick in shareprice

is impressive if you bought in after the consolidation castration.

To the preconsolidation crowd that is only .30c uptick.

Upticks are good but a long ways to go to hit the old $700 post consolidation heyday.

On the good side it does look like Klein might be concerned about the first-in shareholders to try to make us whole again.

Biden's team needs to do something to decriminalize and level the playing field for pot and he needs to do it soon to get the pro-pot voters out to put their X beside his name.

If they get pot legalization on the 2024 ballot it could put an end to dragging this out forever!!!
Comment by 1condor on Mar 27, 2024 5:35pm
geodcan..good point about the SP uptick..many forget how numbers can be deceiving especially with a stock that just went through the dreaded reverse split. 
Comment by quinlash on Mar 27, 2024 6:18pm
The reverse split occurred in 2023, it's behind us now and I'm surprised some still dwell on it.  Had you researched the topic you would have realized the R/S improves the EPS numbers and greatly reduces the outstanding sharecount. Canopy now sits on the lowest sharecount within it's peers and I will say within the cannabis sector. Canopy has Canopy Medical in Germany, it's ...more  
Comment by geodcan on Mar 27, 2024 6:58pm
You are doing accountant speak for justifying the consolidation and it probably makes sense to the post consolidation investor. It is omitting the damage done to the preconsolidation investors. I think the accounting profession has passed it's usefullness as a profession by their deviations from old accounting that had integrity to provide clear and concise financial pictures to laymen to ...more  
Comment by Doubleeagles on Mar 27, 2024 7:31pm
Geo,  yes I bought some after split when it hit all time lows. I'm also buying acreage . Been here since 2014 loaning my shares out collecting income and reinvesting that income.  It's all house money. Going to be in this sector for at least 10 more years.  How often to you get a chance to be a part of a new industry at the ground floor?
Comment by geodcan on Mar 28, 2024 4:08am
House money takes the sting out of the deal if it goes as south as Canopy has been taken. I own Acreage prior to the split of the shares.  Got some of the payout for shareholders but didn't come close to offsetting the fockery that Murphy dished out to those outside his investment cronies. I want to think that Canopy/Constellation needs Acreage, but do they?  They could walk away ...more  
Comment by mano541 on Mar 28, 2024 12:54am
I hear you geodcan! Yes, it is the past Q and yes it needed to be done. But expressing your pain is healing.  Hopefully sooner than later will be no need to mention.  $$$$$ ahead!
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