Canopy Growth Corp (WEED)

[Monksdream]

I bought 100 shares of NVDA at $300 a share way back when
Live with it

[mick]

we talk about dilution, and ????? today's news ?????

[borysek]

dead cat ... it stinks ,

[cardvic]

ACB and WEED getting shorted to death.

[Monksdream]

CGC new 52 week low

[borysek]

funeral under way .....

[Monksdream]

CGC new 52 week low

[Monksdream]

CGC new 52 weed low

[Bazwar6]

For a good laugh read this

https://www.cnbc.com/2020/06/16/canopy-growth-ceo-expects-weed-will-be-legalized-federally-by-2022.html?__source=twitter&sf124262565=1&fbclid=IwAR2nxiwsRnJ48xEb5GH7UG_F8AgZ8eyXFGERsT1mOttb-7dp27gmfgtMXnw

[borysek]

Canopy Growth Corp is holding an average recommendation of "Moderate Sell" from 10.00 analysts according to Zacks. From those 10 analysts, 1 have buy ratings, 5 have sell ratings and 4 analysts gave hold ratings.
==================================================

hmm ...........

[borysek]

CGC was establish in 2013 , since that date CGC never made a profit .... they have no clue how to make a profit because from the beginning set-up was so wrong ...

[Bazwar6]

https://thedalesreport.com/cannabis/additional-analysis-on-canopy-growths-q3-2024-earnings/

[Bazwar6]

[borysek]

it was 44.7c .... now , after consolidation 1:10 is $ 4.47 ...

[cardvic]

what is the 52 week low? now that it has r/s?

[borysek]

are we going to see 52 week low ? .... great chance by the end of the week ..

[Bazwar6]

https://finance.yahoo.com/video/canopy-growth-ceo-talks-cannabis-161258596.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAEc5sFZwE0Vy1qd-biI__9dgHdesBwIixucngKFWO7rRvbL5T6DFLEwBZFbXwuEQfp02Inc0HsCa0mTkKm4SXG3et0KELXG3yrubHDX9NdVTqflcJqtNCgLgjNzYG0fBXKJJh7DN0ggo1e1jOwsD-chH_FzvogfkYzd8wm1v-RDS

[borysek]

bla bla bla bla ...... are you going to make a profit ? ...

[Bazwar6]

[borysek]

loss of $60M is bad sign ..... again !

[borysek]

very interesting ... I watch what happens between 3 pm- 4 pm ...

[borysek]

one day left to make a decision .... you can lose for good a big chunk of your shares if report is bad ....

[awesomesound]

Predatory Naked Shorters are involved in $CGC's private placement announced yesterday.

BIG RED FLAG: Predatory Naked Shorters are involved in $CGC's private placement announced yesterday: BPY Ltd, Nomis Bay Ltd, and NewGen. They are all connected to Murchinson Ltd owned by Marc Bisticer and his partner Paul Zogala.

The SEC has previously charged Murchinson with violation of short-selling rules:

"uncovered short selling and other illegal trading practices" ... "This was repeated for hundreds of sale orders between June 2016 and October 2017" ... "the firm provided erroneous order marking information on orders of a hedge fund client, marking trades as “long” that should have been marked as short sales, thereby violating Regulation SHO"

Why the fuck is $CGC still doing deals with known naked shorters, allowing them to cover shorts into Private Placements at a discount to the market (risk-free short) and get a free warrant for each PP share?

In 2023, the OSC made serious accusations against them.

Key quotes from the OSC naked shorting accusations:

“accountable for an illegal and abusive short selling scheme that violated Ontario securities law in connection with a private placement by a public company – Canopy Growth Corporation”

“Bistricer created and carried out an illegal and abusive short-selling scheme”

“put up no money of its own. It simply sold Canopy shares it did not own and used the proceeds to pay for the private placement shares”
“For Bistricer’s private holding company, profit was over $1.27 million” in just a few days.”

“The series of transactions ultimately resulted in retail investors purchasing the Canopy shares that were sold short by Saline. The cash the public paid for those shares flowed through Saline to Canopy, as Canopy’s offering proceeds. This was a public offering of Canopy shares. This type of illegal distribution is sometimes called “backdoor underwriting”.
“Saline’s short sales were motivated by the opportunity for virtually risk-free profits”

$CGC management was complicit. In 2017, Canopy's Director lent shares to short sellers and arranged a private placement for them to cover.

"On March 17, Saline (owned by Bistricer) entered a private placement subscription agreement with Canopy and a securities lending agreement with Goldman Holdings Ltd. (GHL), a private company that Murray Goldman, a Canopy director, used to hold his shares. In anticipation of these transactions, Saline sold short 2.5 million Canopy shares in the open market for approximately $26.76 million."

According to $CGC prospectus from Sept 2023, entities controlled by Murchison owned 6% of Common Shares with warrants to double the position and an over-allotment option. They were also involved in $ACRG. They've been naked shorting for years. Now they're back for more with yesterday's $35M private placement.

What. The. Fuck. Is going on here?

🚨 BIG RED FLAG: Predatory Naked Shorters are involved in $CGC's private placement announced yesterday: BPY Ltd, Nomis Bay Ltd, and NewGen. They are all connected to Murchinson Ltd owned by Marc Bisticer and his partner Paul Zogala.

The SEC has previously charged Murchinson with… pic.twitter.com/mHnCv2Ubgm

— WeedStreet420 (@WeedStreet420) January 20, 2024

[borysek]

" what should I do if I own a lot of shares of Canopy " .... hmm , I do not see ANY signs that a situation is getting better for Canopy , if I was in your shoes -
maybe the right choice would be to sell before February 9 and wait ...

[borysek]

after consolidation 1:10 we do not see too often that the price`s change up and down by 10 % .... it means less players who know what to do .... and only idiots wait for better time :))))

[borysek]

some people say that Constellation wants to buy Canopy for nothing .... so tell me what is the point to spend $ for something of extremely poor quality.

[borysek]

I did not use " IF " ............. I used " if "

[Bazwar6]

Nope

[Bazwar6]

I think this is the first time I've seen you use the word "IF "their earnings are below expectations

[borysek]

if report earnings on 02/09/2024 is below expectation .... the price will drop in a dramatic way ...

[borysek]

substantial down tomorrow ? .... great chance ,

[borysek]

"CGC Earnings Date
Canopy Growth Corporation Common Shares is expected* to report earnings on 02/09/2024 after market close. The report will be for the fiscal Quarter ending Dec 2023. According to Zacks Investment Research, based on 3 analysts' forecasts, the consensus EPS forecast for the quarter is $-0.45. "
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forecast loss of $27M ? .... I do not agree , will be much more ,

[borysek]

every day we see a beautiful manipulation ..... you can make a lot of money if you understand a game ,

[borysek]

should we expect a nice price drop .... tomorrow ?

[borysek]

production cost and bad deals ...

[3jack]

Where did that $4 billion go?

[borysek]

what will kill Canopy ? .... huge debt and no power to pay it back , banks refused to cooperate ...

[borysek]

it is getting nervous ! ..... soon $3/sh . ? ... do you know what to do ?

[borysek]

what a beautiful stock to manipulate naive investors ! of course , tomorrow we will see a dramatic drop in price ...... if you do not know how to play a game - stay away ....

[happyglass]

I think Canopy’s time as an investment has come and gone. Good for trades maybe but that is it. I put the money I made here (thanks to this board’s information dogger and borys) into foundational companies in the US. Eager for dollar days again lol! Good luck all

[borysek]

a lot of people wait for a miracle ...but reality is just opposite , very soon ( in 2-3 months ) the price falls to around $1/sh. .... and your portfolio will be 10 times smaller , do you know what to do ?

[JawJacker]

Vice President Harris, Colorado Governor And Other Top Officials Cheer Biden’s Expanded Marijuana Pardon

https://www.marijuanamoment.net/vice-president-harris-colorado-governor-and-other-top-officials-cheer-bidens-expanded-marijuana-pardon/

[JawJacker]

Ohio GOP Governor Pushes Lawmakers To Fix ‘Ridiculous’ Marijuana Sales Delay And Send Tax Revenue To Police

https://www.marijuanamoment.net/ohio-gop-governor-pushes-lawmakers-to-fix-ridiculous-marijuana-sales-delay-and-send-tax-revenue-to-police/

[JawJacker]

Biden Expands Marijuana Pardons With New Proclamation Covering Offenses On Federal Properties

https://www.marijuanamoment.net/biden-expands-marijuana-pardons-with-new-proclamation-covering-offenses-on-federal-properties/

[JawJacker]

Maine sets another yearly record for recreational cannabis sales

https://www.bangordailynews.com/2023/12/22/business/maine-cannabis-sales-record-2023/

[JawJacker]

Rhode Island Marijuana Retailers Hit $100 Million Milestone During First Year Of Adult-Use Sales

https://www.marijuanamoment.net/rhode-island-marijuana-retailers-hit-100-million-milestone-during-first-year-of-adult-use-sales/

[JawJacker]

Maryland Collects More Than $12 Million In Legal Marijuana Taxes During First Quarter Of Legal Sales

https://www.marijuanamoment.net/maryland-collects-more-than-12-million-in-legal-marijuana-taxes-during-first-quarter-of-legal-sales/

[JawJacker]

Recreational use marijuana sales become Missouri’s newest billion dollar industry in 2023

https://www.kfvs12.com/2023/12/21/recreational-use-marijuana-sales-become-missouris-newest-billion-dollar-industry-2023/

[triannual]

Ameritrade gave me a $549 credit after the split?
That isn't right?

[triannual]

Ameritrade gave me a $549 credit after the split?
That isn't right?