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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 > Canada's canceled licenses
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Post by Tradinghands on May 02, 2024 6:32pm

Canada's canceled licenses

Canada's cannabis sector is imploding and prices for products have lost closed to half their value as companies fold up and leave because theres not enough money in this sector. The DEA changes will take up to a year so eveyone just has to look at where these shares were trading before the DEA hype TLRY was at $1.60 USD and Canopy was at $3 from a 3 year high of $250 USD they were both heading towards bankruptcy or selling off parts or looking to raise money. If you are a long then you'll be lucky if in 2 years you double your money. Too risky of a sector and thats why these stocks are underperforming. 

Canada's canceled licenses, ‘uncollectible' cannabis taxes soar (mjbizdaily.com)
Comment by BrokerG on May 02, 2024 6:57pm
I think it is pretty obvious Tradinghands has shorted the stock and is trying to get everyone to sell. Well guess what - he wins. There is no way possible this stock should have dropped today. MSO's index was up, even Tilray was up and we get clobbered another 10%. Even the guys on the DLR report can't understand why Canopy is dropping like a lead balloon. Well it does not matter- shorts ...more  
Comment by Oldweed on May 02, 2024 7:50pm
Here is my opinion: 1) the stock rose on S3 news but S3 has no impact on CGC Canadian operations.. 2) Constellation has moved out of CGC into CUSA and has reiterated there will be no more money for CGC, basically show me the money moment for Klien and gang. 3) The new structure is complicated  and muddy at best, and apppears to be slanted towards giving Constellations all the options to hold ...more  
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