accumulate
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Looking good!
I undersatnd Pescuelo is still at hotel Corona. Is this true?
Looking good!
MEDMEN = RIP?
ZERO volume?
The Hurcules vein was going to be a game changer.
Canada was a buyer!!!
"Marijuana grower Canopy eyes share consolidation after Nasdaq warning
By MJBizDaily Staff
July 17, 2023
Canadian cannabis producer Canopy Growth plans to seek approval to consolidate its shares after the Smiths Falls-based company was notified by the Nasdaq that it does not meet the stock exchange’s listing standards.
Maintaining a minimum bid price of at least $1 per share is one of the Nasdaq’s listing requirements.
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However, the closing bid price of Canopy’s shares has been below $1 per share for 30 consecutive business days.
Under the Nasdaq rules, Canopy has 180 calendar days from the issuance of the letter on July 11 to regain compliance.
The shares will continue to be traded on the exchange in the meantime.
In Canada, Canopy lists on the Toronto Stock Exchange. The Nasdaq warning doesn’t affect that listing.
In a news release, Canopy said it is evaluating all “available options” to resolve the deficiency and regain compliance.
To that end, Canopy plans to seek permission from shareholders to consolidate its shares at the company’s next annual meeting, which is set for Sept. 25.
The proposal will consist of a consolidation range between one post-consolidation common share for every five to 15 outstanding pre-consolidation common shares.
Under the proposal, Canopy Growth’s board would have permission to execute the share consolidation until Sept. 25."
CGC is a trainwreck so it has eyes on it. But maybe we should ignore CGC as best we can. We cannot avoid the effects of TILRAY and CANOPY on the rest of the sector. Think about this. It has been a miserable 3 plus years for this sector. We need GOOD stories, not bad. The good news is that the sector has flattened since May 20, 2023. That is BIG news. My holdings are green. CGC is good only for a Vegas play perhaps. It was headed back to $1.00 but the delisting letter may require an R/S at this point.
Should be safe buying here ...
Not sure I would want to ride out a R/S.
R/S looming.
I called the market bottom May 20th. So far so good. There will always be a couple bad apples. CGC is one of them.
News merger.
Canopy is in "no man's land."
Look for 3 green closes in a row.
When was the last time their numbers were great?
I see nibbling at $0.40 $0.30 and $0.25
After $0.50 perhaps $0.25 is the next stop.
I think the bad report was partially baked in, but there were 3 downgrades that helped pull the CGC shares under $0.50.
Agreed.
Canopy is in no man's land.
Chance that CGC ends over 50C by the end of Friday?
David Klein (Constellation Brands)
From Wikipedia, the free encyclopedia
David Klein is an American businessman. He is currently the CEO of Canopy Growth and a member of the company's executive management committee.[1]
Education and career
Klein received a bachelor's degree in economics at the State University of New York at Geneseo and his MBA from SUNY Buffalo.[2] In 2004, Klein joined Constellation brands as vice president of business development. He also held roles as CFO of Constellation Europe; SVP, treasurer & controller; and CFO, Beer Division.[3] He was named CFO of Constellation Brands in June 2015.[4][5]
References
"Canopy names Constellation's David Klein as its new CEO". Bloomberg News. December 10, 2019. Retrieved December 9, 2019.
"Executive Profile: David Klein". Bloomberg.
"David Klein, Constellation Brands". CNBC. Retrieved June 6, 2017.
"Ryder out, Klein in as CFO at Constellation". USA Today. June 15, 2015. Retrieved June 6, 2017.
Linnane, Ciara (June 15, 2015). "Constellation Brands says David Klein to replace departing CFO Bob Ryder". MarketWatch. Retrieved June 7, 2017.
Should I trust Klein? Exciting times. Buy below 50 cents?
Seventhin 7 years.
Until Friday.
We shall see ...
Surrounded by a couple of whales who said 50 cents hand over fist.
We shall see.
I am nibbling at $0.50
Wow! That was quick!
Canopy CGC hit fifty cents!
Bad news = hit fifty cents
Good news = IMO I am looking at $0.50 as bottom.
We shall see.
The entire Cannabis sector is flat. And that is a good thing.
One for Four.
Good product. Crap company. And primarily CBD is worse than THC.
I called the market bottom on May 20th.
TLRY will reach $7.00 the natural way within 12 months.
Keep in mind any of these could double the sector.
SAFE BANKING
RESCHEDULE
FEDERAL LEGALIZATION
Bottom 50 cents (US). That close.
Makes you want to puke.
CGC and TLRY are trying to stabilize.
I have seen a million lawsuits. A lawsuit could be filed against every, single MJ equity. They do not bother me. The is probably insurance in place as well.
I am starting to actively add in this range.
Volume has dried up a bit.
Can 1.50 please be the floor!
$1.29