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OMG, The speculation and misinformation is out of hand, and not one investor states true facts. To get this aid the company has too show a minimum of 15% loss in March, so what is it, a loss for Tweed or like what investors believe to be true, that product is flying off the shelf, and CGC is making a fortune, better then ever.
FYI, Tweed shutdown their greenhouses and laid off hundreds weeks before the "Virus" was even known in Canada. Tweeds Failures have nothing to do with the virus, and if they qualify they are continuing to lose business and money.
YOUR WRONG as of this this Hour, All that has happened is the Attorney General has written a letter to the Ontario Government with a recommendation, Cannabis in Ontario is still not a essential service and TWEED and the rest of the government sanctioned weed dealers in Ontario are still losing money Today, this may change (Yet Again) but they are still closed today. Please keep up with the news and stop misinforming your fellow investors.
Ontario’s Ministry of the Attorney General has drafted a proposal seeking an emergency order to allow cannabis retailers in the province to offer delivery services or curbside pickup services to customers, just days after the province declared all recreational cannabis stores a non-essential service, forcing them to remain shut for at least the next two weeks.
The GMO Biotech Cannabis has seen deaths (Epidiolex) in trials that have ‘passed’ and other GMO (like Sativex) have failed trials and tests. In Fairness it would be wrong to say with Cannabis with over 100 cannabinoids including CBD and THC, and totaling over 483 other compounds GMO might hold many wonders for medicine. Outside of Australia GMO is being used, tested or trialed but not instead of real Cannabis or real Cannabis products. This is where Australia is differentiating.
Lab produced GMO cannabis extract is poison, knowing there have been Deaths during the trials of UK's Epidiolex biotech drug, you can go right ahead and use it, but I will never.
https://www.resetcampaign.org/campaign-news/11-ozhemp-rocks/29-australia-legislates-for-100-gmo-biotech-cannabis-not-marijuana
You assume correctly, I have 2 valid Canadian medical production licenses, one of them court protected, and a 9 year membership at the oldest running Compassion Club in Canada, serving patients since 1995. I have no need to stand in line at a Canadian weed store, or order subpar Tweed Twigs and Seeds online too access "legal cannabis".
This is the main reason why I don't buy from Canadian weed corporations, I will not allow my cannabis money too be laundered through the stock exchange into US greenbacks and placed in the wallets of US investors, in a country that it isn't even federally legal too profit from the sale of Cannabis. I can say 100% that I haven't spent a old Canadian penny on wannabee cannabis actors.
LMAO, all Retail stores including Tokyo Smoke must be shutdown by 6 PM tomorrow, although Tweed may still get some sales from government online sales, Tweed continuing grow will only accomplish one thing, they will only add too their 1000's of tons in inventory with no chance of selling it, why do you think they closed up a majority of their greenhouse space, even before the "Virus". Investors are all in denial.
Ontario cannabis stores to close after removal from ‘essential’ list
LPs are "Done Like Dinner"
Private-sector cannabis stores in Ontario, Canada’s largest market, have been ordered to close their doors by late Saturday in response to the COVID-19 pandemic, leaving the outlets with nowhere to turn as the government maintains a legal monopoly over online sales.
https://mjbizdaily.com/ontario-cannabis-stores-to-close-after-removal-from-essential-list/
Exactly what I thought was happening, call it what it is, Corporate Buy Backs, same result as Government Stimulus and printing more money to pay for it, Corporate buy Backs devalue the company stock.
Tweed/CGC has missed the Boat again, When will investors learn?
Canadian company applies to test medical cannabis on coronavirus symptoms
According to a release, a medical cannabis e-commerce platform, Cannalogue, has submitted an application to Health Canada to conduct a clinical trial on the coronavirus, using the drug. If approved, Cannalogue says it will enroll patients into a “research study to determine if medical cannabis can reduce the symptoms caused by COVID-19 or any mutant strains of coronavirus.”
https://dailyhive.com/grow/medical-cannabis-coronavirus-cannalogue?fbclid=IwAR00XwxDkZtBQiKvgSK65HQzTnu0-9d7oBaHC7qVhkjRgSbU4ODV4wJZwY4
What has Tweed really accomplished in 5 years? Where are all the patents?, Oh thats right they are run by a US beverage company, no need for further medical research.
Canopy Growth to close 23 corporate-owned cannabis stores temporarily to combat coronavirus
Funny how this is not in the announcement section, BTW There has been ZERO new news for over a month, no mention of the Can liner Problem, but yet they are selling the problems Tweeds "loyal Customers"
https://www.marketwatch.com/story/canopy-growth-to-close-23-corporate-owned-cannabis-stores-temporarily-to-combat-coronavirus-2020-03-17?fbclid=IwAR3uJYX_7yKu8E9d6sKI6yDLqkD3pXWGNVzGyTxWQrSUGtF9He0zRJk9boc
Unfortunately this is a true depiction of a Tweed review, not from a Bias shareholder.
It's a bad time to board a cruise ship... So we made EVERY pre-roll a canoe ride!
— Crystal Cannabis (@CrystalCannabi2) March 24, 2020
From your friends at
Tokyo Smoke & Mirrors
.#canoeride #passonthetweed #tokyosmokeandmirrors #cannabisculture #cannabiscommunity pic.twitter.com/xNcOtW8plb
The government of P.E.I. announced the decision earlier today along with chief public health officer Dr. Heather Morris, who specified that all cannabis and liquor stores in the province will have to close by 2 p.m. tomorrow.
PEI has been shutdown over a week.
https://www.freshdaily.ca/news/2020/03/pei-becomes-first-province-canada-order-all-cannabis-and-liquor-stores-close/
Canada Post won’t deliver cannabis to your door during the COVID-19 crisis
Businesses and organizations across Canada and around the world are cutting back on services to help minimize the spread of the novel coronavirus (COVID-19). Perhaps you’re doing your part, too, by isolating yourself at home. Maybe you’ve even ordered a little something from your favourite online cannabis retailer to help pass the time, calm your nerves, or to stock up on your prescription.
If so, don’t slip into your pyjamas just yet.
Recently, Canada Post announced that it would no longer be delivering packages requiring person-to-person interaction at peoples’ homes, forcing some Canadians, including those waiting for the arrival of certain cannabis products—and potentially those with compromised immune systems—to make a trip to the post office to retrieve their shipment.
https://www.leafly.ca/news/industry/canada-post-deliveries-during-covid-19-crisis?fbclid=IwAR1jaF8lQkC9u8JBf5ZiqgmUkNxYFTfipFc-4LVu_0HsPbDnYwwwv6XP0lM
Sorry but all cannabis stores in Canada have to close, they are not a essential service, the OCS and some provincial Alcohol/Cannabis outlets are allowed to stay open because they are a online service, but there won't be any door to door delivery, Canada Post will only leave a notice at your door, customers have to go too your local post office too sign and pickup.
Canopy Growth shutting down all stores due to coronavirus
Things continue to get worse for cannabis companies in the U.S. and Canada. With the coronavirus pandemic expected to continue to grow and many economists warning that there could be a significant recession in 2020 if drastic measures aren’t done by the government to combat the virus.
This is perhaps the worst possible situation for cannabis stocks, which have suffered significantly in 2019, with many hopeful investors expecting that things could be different in 2020. The biggest cannabis company in the world, Canopy Growth (NYSE:CGC), announced that it would be shutting down all of its stores due to the coronavirus.
Non-essential physical locations, such as gyms and libraries, are being shut down to prevent the possible spread of the coronavirus. While some retail stores, such as groceries and pharmacies, need to be kept open, cannabis dispensaries aren’t really that crucial, especially since many companies offer online deliveries depending on which U.S. state a customer is in.
As such, Canopy Growth has decided to shut down all of its retail locations precisely for this reason, although only its Canadian locations. Other cannabis companies are expected to follow suit in the coming weeks.
“We have a responsibility to our employees, their families, and our communities to do our part to “flatten the curve” by limiting social interactions. For us, that means shifting our focus from retail to e-commerce,” said Canopy Growth’s CEO David Klein. “This is a big decision but it was also an easy one to make – our retail teams are public-facing and have been serving an above-average volume of transactions in recent days. Given the current situation, it is in the best interest of our teams and our communities to close these busy hubs until we are confident we can operate our stores in the best interest of public health.”
Canopy Growth also made news earlier when it announced it would be shutting down two of its greenhouses in an effort to cut down cannabis output. Like many other pot stocks, Canopy has been steadily accumulating a lot of inventory that’s having trouble being sold. Previously optimistic forecasts about the demand for marijuana in Canada seem to have been incorrect, although that’s likely also due to the continued presence of the black market or a slow provincial rollout.
Shares of Canopy didn’t react much to the news, initially tumbling around 10% but quickly ending the day in the positive, up around 1%. Over the past month, shares of Canopy growth have fallen by around 50%, extending what’s already been a challenging 12-month period for the company. The future doesn’t look very good for Canopy Growth right now, and cannabis investors need to be careful where they put their money.
https://warriortradingnews.com/2020/03/18/canopy-growth-shutting-down-all-stores-due-to-coronavirus/?fbclid=IwAR1DFsY-BA2SkOuDpguLXCxRz6TorNyMev1YuI31h3wijpADaJPrRWerJ98
'The legal stuff is garbage': why Canada's cannabis black market keeps thriving
North America’s biggest companies have seen their market values lose billions, prompting comparisons to dotcom bust
Cannabis may be legal in Vancouver but visitors looking to score are likely to run into a seemingly counterintuitive suggestion: try the black market.
Recreational marijuana was legalised across Canada in October 2018. And yet on Reddit, the specialist forum website used by millions every day, many of Vancouver’s cannabis connoisseurs still swear by their underground supply.
This is one of the major issues facing North America’s marijuana companies, which experts say are in the midst of a dotcom-style market crash.
On a high: Canada celebrates cannabis being legalised
Read more
Canada and 11 US states have legalised recreational use of the drug, and a little over a year ago companies that cultivate and sell cannabis were seen by investors as one of the hottest tickets in town. Now billions of dollars have been wiped off the market values of the industry’s largest companies.
The North American Marijuana Index, which tracks listed firms in the sector, has plummeted about 80% in the last year and is at its lowest value since 2016, before much legalisation had taken place.
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The market capitalisation of Canopy Growth, the biggest firm in the sector by value, has fallen from $24bn in April last year to just over $6bn now, according to figures from the financial data firm Y Charts.
Around $2bn of that loss has come in the last week. Coronavirus fears, which have dragged down stocks across the globe, have not helped. But a large part of Canopy’s latest share price drop came after the firm was forced to admit that it was struggling in Canada.
The company announced last Wednesday that it would be closing two cultivation greenhouses in British Columbia – the western Canadian province where Vancouver is found – leading to 500 job losses. Canopy, which will be focusing on more cost-effective outdoor cultivation, also cancelled plans for a third greenhouse in Ontario.
Bosses blamed the cutbacks on Canada’s recreational market, which they said had “developed slower than anticipated”.
The consensus on Vancouver’s cannabis-focused Reddit feeds is that the legal market is struggling to attract buyers because its product is more expensive but lower in quality than the black market alternative.
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“The government’s pot is too expensive. The government doesn’t show you a picture of what you’re buying before you buy it, so you cannot be informed as a consumer. The government weed has been full of bugs, mouldy or too dry in some cases, and often takes too long to get there,” one user said.
“The legal stuff is garbage,” said another Reddit user. A third said: “Friends don’t let friends smoke government weed.”
The sentiment is not confined to the realms of Reddit. Canadian government survey results released last month found that 40% of the country’s marijuana consumers admit to having obtained the drug illegally since legalisation.
Omar Yar Khan, national cannabis sector lead at the consultancy firm Hill & Knowlton, says legal sales have fallen short of expectations for a number of reasons. Legal prices – driven up by taxes – have been a factor in helping keep the black market “as rampant as ever”, he says.
But Khan, who advises several cannabis companies on public affairs, also believes firms have suffered in Canada at the hands of regulations that restrict their ability to develop brands.
There are strict rules around advertising for cannabis companies. Khan said: “It’s very hard to draw loyal consumers away from the illicit market to a legal market when there is very little brand identity amongst the consumer groups.”
Companies have also been held back in their efforts to open stores, often by local authorities that are against cannabis being sold in their areas.
“There just aren’t enough legal licensed points of sale across the country,” Khan said. “I think in Ontario now we’re up to about 30. But there are over a thousand beverage alcohol points of sale. So if it’s not convenient for consumers to access the product through the legal system, why would they ever leave the legacy illicit market?”
Anthony Dutton, a co-founder and former chief executive of Cannex – a US-focused marijuana firm that is listed in Canada and was recently renamed 4Front following a takeover – believes share prices in the sector have been driven down by certain firms overpromising to investors. He believes some of these companies are likely to collapse or be taken over by stronger rivals in the future.
Dutton, who remains a shareholder in 4Front and still advises the firm, likens the current woes of listed cannabis companies to the dotcom crash of the early 2000s.
“The market got ahead of itself, started to drink its own Kool-Aid, and it was a classic example of any bubble,” he said. “So what we’re seeing now, thankfully, is a lot of the companies that probably should never have been financed – and probably should never have gone public in the first place – are slowly withering on the vine and they’ll just disappear.
“Now there will be a consolidation around half a dozen strong operating companies, including 4Front, and those will be the companies that will take it into the next cycle.”
He added: “It’s just like in the dotcom boom. Oracle, Microsoft and other big companies were all around then, and they were profitable. And when the little companies began to fail, Microsoft and Oracle and the others picked up the ones they wanted, and the others they just let die.”
Kevin Sabet, the head of Smart Approaches to Marijuana – a campaign group that opposes lifting laws on the drug – says the legalisation of cannabis has been a “boon” to the black market in many areas because it means consumers are less concerned about trying the product.
Sabet, who has advised White House administrations on drug policy, also believes cannabis companies have misled their investors and politicians about the societal and financial benefits of legalisation.
“The cannabis business has been oversold to investors as a sure thing to get a great return,” he said. “I think there was a big hype over cannabis that has ended up being a reputation it could never live up to.”
https://www.theguardian.com/society/2020/mar/18/cannabis-canada-legal-recreational-business
Canadian cannabis companies facing Coronavirus concerns
CEO of Tantalus Labs, Dan Sutton, told Cannabis Business Times that he was informed the Business Development Bank of Canada (BDC) was not authorized to do business with cannabis companies.
This Cannabis CEO was Told that the Bank of "Canada" is not "Authorized" to do "Business" with cannabis companies. How much clearer can this statement be?
LPs get no Corona virus compensation:
CEO of Tantalus Labs, Dan Sutton, told Cannabis Business Times that he was informed the Business Development Bank of Canada (BDC) was not authorized to do business with cannabis companies.
https://theweedblog.com/industry/cannabis-coronavirus-operators-excluded-disaster-assistance-michigan-delivery
Of course its not good if you own silver paper, You would have lost its value, Big difference then holding 2 safes worth, in times of Bank collapses, the dollar crash, and a depression a 1967 90% silver dollar will be worth a meal and a Bed.
Although I agree with what you said " China Happened" yes it is now affecting all markets, but one of the few sectors that will return to gains is precise metals and minerals and Mining of them. I fully believe that these Ex-Mining CEOs that jumped in too cannabis before it was even legal made a serious mistake, all you have too do is look at history, the petro dollar has only been backing the globel currency for a few decades, before that and back 500 years the Dollar was backed by Gold and silver. and Banks had to be able to cover loans, mortgages, etc. My speculation on all this is Every economy will revert back too Mining metals and will allow the petro dollar too die.
We are at the beginning of a global economic reset and restart, there is no money or any monetary assets to back this stimulus money. We live in a debt based world now. where the ability too pay back debt, its impossible too pay back, Every commercial product is over priced too the average wage, and the cost of Housing, Healthcare, transportation, and food leaves nothing extra for the consumers to "Stimulate the Economy" with. There is no balance between the cost of living wage and the cost of "products for Profit" from Large corporations that are paying a CEO a million dollars a year + perks.
IN MY OPINION! Its called the placebo effect, it is from hype, anticipation, and over thinking. Just wondering did you smoke anything just before or just after having the drink, because that SKU's your review.
Other reasons these "TWEED Drinks" won't sell is price, Red Bull and energy drinks are less then $2 a can, and you don't have too locate and drive miles too find a cannabis store, or wait a day or two too have them delivered since they are sold at every corner store everywhere. These weak weed drinks are not competing with other weed products, they are competing with other drinks that have been selling for years. As well the majority of cannabis users in Canada and the US smoke dried bud or hash and oil for 7 decades, this won't change just because Tweed has a weak Cucumber weed drink only available at specialty niche stores.
LOL 2mg THC a can, this will only sell to weed newbies and occasional users who are the smallest percentage of overall consumption. Probably won't see 5mg/10mg since that can they use decreases potency the longer it sits on the shelf. It will have no cause or effect for the average/Majority of users at 30mg-60mg per joint of high quality, high potency buds and extracts.
Not too worry Tweed users will just have too split the can open and lick the liner, Have fun Bud, go crazy.
There is no money, there is no money too back $1.7 trillion stimulus, and since oil price have tanked the petro dollar will leave the US dollar devalued. Government debt, corporate debt, national debt, international debt, personal debt, and educational debt, if you don't believe me, watch the debt clock for a hour, what will they do? just print more debt money/
https://www.usdebtclock.org/
Do investors here really careless about certain investors rent and accumulation at this dire point in the Market crash?
$17 Canadian was a huge entry point for American investors, any bought shares and their profit has gone, all your accumulation from $70 a share all the way down too $12 US a share now is gone. even some investors here today are stating share prices the same as I predicted 5 years ago, MARK MY WORDS $2-$5 a share US.
Absolutely Wrong, the closures of grow space has nothing to do with "The Virus", they are forced to close and lay off because legalization in Canada was over hyped, over sold, and Cannabis sales, revenue and distribution is nowhere close to Expectations. LP inventories are at ridicules levels and because of all this production must SLOW, contrary to what you speculate, the Cannabis sector is in dire trouble because very few cannabis users are buying legal weed, and the return customers are sinking weekly along with LP stocks.
Canadian indoor grow capacity to decline 7% on Canopy’s announced cuts
Published March 5, 2020 | By Michael Regan and Craig Behnke
New Canopy Growth CEO David Klein is already imposing discipline upon the Canadian market by closing a staggering 58% of the Ontario company’s existing indoor production capacity and 29% of its total production area.
This move equates to a 7% reduction of the total Canadian indoor grow area, as reported by Health Canada, as of November 2019 and gives Canopy 5% of total indoor growth area for the country but 27% of total outdoor grow area.
This reduction in industry capacity will reduce supply and help balance Canada’s cannabis oversupply, ultimately to the benefit of pricing – assuming these greenhouses stay closed and Canopy does not just sell them to another operator.
https://mjbizdaily.com/investor-intelligence/canadian-indoor-grow-capacity-to-decline-7-on-canopys-announced-cuts/
Simply put, sales of legal cannabis in Canada nowhere near Legalization expectations, LP greenhouse cannabis is of subpar quality (this is why Tweed is closing them) and legal cannabis in Canada is hugely over priced, so much so that it is double the cost on Blackmarket. this alone is causing sales to shrink on return Business.
CGC has poor performance record, has never recorded a profit in 5 1/2 years of business, and the only accomplishment too their name is buying 10's of millions of sq ft of greenhouse space, only to grow some really bad weed, and then close them down. Legalization in Canada is a failed Government scheme, with little access, and and Sin Tax. If you are not in Canada you don't know how bad the product and the distribution really are, get out or lose your investment.
Gotta love the Motley Fo.l investors that believe that closing 2 mega greenhouses, and not opening a third is a good thing, the same greenhouses that 3 years ago you all were jumping up and down saying Tweed will feed the world with Cannabis. Guess What the size of their inventory, and the shutting of millions of sq feet of grow space after 5 1/2 years of work and money only shows one thing, that is everyone in the space from CEOs to Retail investors over estimated, over speculated, and over invested on revenue, greenhouse quality, price at which Canadian users are willing to buy, and the ability of Weed Wannabee CEOs to execute growing quality cannabis.
Only a minor part of this is "The Virus" the major problem is they haven't performed and accomplished anything and now by cutting grow space will impact the amount of product they can produce, the amount of Drinks they can make (If they can figure out how to package them, and every other aspect of Cannabis producing. But again medical patients warned about scaling problems they didn't listen, investors didn't listen and continued to throw their investment money at Tweeds lies, misinformation, and promises on Conference Calls, Everything Will Not be Fine !!
Cannabis producer Canopy Growth shuts down 2 B.C. facilities, leaving hundreds out of work
Does this equal a great company? GET OUT NOW, or kiss your investment goodbye!!
Canopy Growth has closed large greenhouses in Delta and Aldergrove, B.C.
The cannabis company says the closures have resulted in the elimination of approximately 500 positions.
In addition to the closures in B.C., the company says it no longer plans to open a third greenhouse in Niagara-on-the-Lake, Ontario.
anopy Growth CEO David Klein said in a statement that a review by the company found that the B.C. facilities are “no longer essential to its cultivation footprint.”
Nearly 17 months after the creation of the legal adult-use market, the Canadian recreational market has developed slower than anticipated, creating working capital and profitability challenges across the industry,” Klein said.
Steve McLean, who has worked for Canopy Growth since September of last year, says employees were notified on Tuesday of a big meeting scheduled for the following day. At that meeting, employees were “basically told that everyone’s terminated,” McLean said.
It’s a pretty tough day for everyone to deal with. We all were friends. We were all family. It was a tough thing to walk away from,” he said as he walked out of the company’s Delta facility on Wednesday.McLean believes the closures have a lot to do with the government “not opening the doors as they should.”
“No dispensaries really in B.C., hardly any in Ontario and where there are dispensaries, there is not a lot of people buying from them.
“The black market is flourishing and the legal market is having troubles.”
Canopy Growth says it now operates an outdoor production site that is more cost-effective.
Last year, global alcohol giant Constellation Brands Inc. announced a deal in August of last year to invest $5 billion in Canopy Growth to secure a 38 per cent ownership of the company.
In August 2018 Canopy Growth was the biggest pot company in the world by market value, at more than $18 billion.
https://globalnews.ca/news/6630628/cannabis-producer-canopy-growth-shutter-facilities/?fbclid=IwAR13elsZvcTNyTGJd_DhZRGJfOLCGmZHpc32oBpyJdHuH5yE0mVl3TKDhEk
Love how share holders are the last too know, Wheres the news.
In cannabis markets in the U.S. where “cannabis 2.0” products have been available for a year or more, drinks account for 1% or less of the market in states such as California, Washington and Colorado, according to data from BDS Analytics published in a research note by Canaccord Genuity analyst Bobby Burleson.
Beyond an update on pot drinks,investors should expect Canopy executives — who no longer include former co-Chief Executives Linton and Mark Zekulin — to offer additional information about where the company’s “cannabis 2.0” products stand and what to expect from the rest of the second-generation products.
"Do investors not consider poor business performance before you buy into a stock?"
https://www-marketwatch-com.cdn.ampproject.org/c/s/www.marketwatch.com/amp/story/guid/B4C49FAE-4D22-11EA-B630-D3AA685BDC0A
Scientists have determined that liners inside aluminum cans can cause cannabis drinks to lose their potency. That means by the time a pot drink is put in a can, shipped, stored in a warehouse, displayed in a store, and finally consumed, the buzz promised on the label may have diminished or disappeared.
CGC Has lied to you the shareholder for over a year
“In order to deliver products that meet our customer’s high standards we are electing to revise the launch date while we work through the final details,” CEO David Klein stated in a news release. Jeff Maser, CEO of the California-based cannabis beverage company Tinley (TNY.CN)(TNYBF), said he was shocked last fall when he saw photos of Canopy’s hotly anticipated beverage portfolio packaged in cans.
https://ca.finance.yahoo.com/news/cans-suck-the-thc-buzz-out-of-pot-drinks-where-does-that-leave-canopy-growth-131708432.html
1929 Stock Market Crash and the Great Depression - Documentary
Please watch and remember the discussions you had with your Grandparents.
You are the only one that can help your family, do the right thing and don't let others take your money. And remember this happened too the New York Stock exchange, Just like what happened in 2008 investors said it would not happen.
I really question statements CGC investors make on a daily basis, you said yesterday that you were "dipping your toe in" at -84 cents, any money you invested yesterday is gone at this point today, so did you invest yesterday how much, and how much have you lost too this minute. And what is the point of announcing buying shares half way through the day only too lose those shares at closing bell, Just shaking my head and counting silver and Buds.
Ok what your saying is that a 45mg THC chocolate will get you way too high, but you are vaping a strain that is 8o% THC, You are not understanding anything about dosing, even the strongest of strong Shatter is barely 80% THC extract. again Your bosses the CEOs are lying and misinforming you and fellow investors, Milligrams are a totally different equation then THC Percentage. I have seen the labels and the percent sigh shouldn't even be on the box, rather it should be in milligrams, as the Cannabis law restricts vapes and caps it at 1000mg max in the entire cartridge so when the label is saying 80%, it actually means 800mg. so unless you are heaving away on that vape pen 24/7 for a couple of days straight, you are not getting 80% THC, truth be told, you are getting about 2-5mg per hit. Can't believe investors have their money invested in something they don't understand, and throwing more at corporate suits that are lying too them? Legal weed is a failure, and has been since day one and before, Government sanctioned weed is making absolutely no headway with the Blackmarket, and the slashing has begun, job cuts, lower price means less profit, (not that tweed has seen any)and they are stuck with way too much greenhouse space considering they already have a million tons rotting in government warehouses that is way over the amount being sold. The longer investors close their eyes and don't listen to the facts, the more they will lose money.
Cans suck the THC buzz out of pot drinks. Where does that leave Canopy Growth?
There are no Tweed drinks on the market in Canada and the US Tweed drink is a powder mix of Hemp that tastes horrible and is being sold as a nutrition supplement, with zero cannabis affects. Your former Criminal CEO lied too you and bought and installed Canning equipment before they even tested or researched their formula. Why are investors continuing to hype and give their investment money to a company that has no performance record, and has not made a profit in 6 years of business?
Scientists have determined that liners inside aluminum cans can cause cannabis drinks to lose their potency. That means by the time a pot drink is put in a can, shipped, stored in a warehouse, displayed in a store, and finally consumed, the buzz promised on the label may have diminished or disappeared.
https://ca.finance.yahoo.com/news/cans-suck-the-thc-buzz-out-of-pot-drinks-where-does-that-leave-canopy-growth-131708432.html
https://ocs.ca/collections/beverages?product=4350458005324
LPs and no supply at the OCS. Look at the non supply,
No Tweed Chocolate https://ocs.ca/collections/chocolates?product=4357376608076
1 edible, looks like a gum or hard candy https://ocs.ca/collections/confectionary?product=4350459250508
1 beverage, a 3 pack of Tea bags, filled with floor droppings (Leaves)At $19 a pack https://ocs.ca/collections/beverages?product=4350458005324
And No Baked goods, are weed investors happy at what their investment is producing? https://ocs.ca/collections/baked-goods?product=4350459021132
Cans suck the THC buzz out of pot drinks. Where does that leave Canopy Growth?
Cannabis beverages and aluminum cans have a problematic relationship that could prove costly for licenced producers with drink production lines built for the ubiquitous metal containers. The devil is in the molecular details.
"All other news as been glowing" Really?
https://ca.finance.yahoo.com/news/cans-suck-the-thc-buzz-out-of-pot-drinks-where-does-that-leave-canopy-growth-131708432.html
Canopy Layoffs on the Table as New CEO Works to Cut Costs
https://www.bloomberg.com/news/articles/2020-02-14/canopy-layoffs-on-the-table-as-new-ceo-works-to-cut-costs
Canopy Not Priced for Surprises
Canopy remains the most expensive cannabis stock in Canada.
At 22x price to sales, Canopy is literally priced like a tech stock, not a second rate producer of commoditized cannabis in a severely oversupplied market.
Yes, the company’s international reach and name recognition among cannabis consumers are worth something, but the stock premium more than compensates for any positives results we expect it he coming 12 months.
Relying on consumers to irrationally switch from a cheaper and higher quality source of cannabis has left the industry in ruins.
It may be time for a different strategy…
https://grizzle.com/canopy-growth-q3-2020-earnings-results/
Update added to the $CGC $WEED can liner story. Did anyone check out the video of the dude tasting their drink? Cue up the video for 1:20.
"The ability of can liners to absorb cannabinoids was identified as a risk in April 2019."
https://twitter.com/Open_Source_Int/status/1228082486980284431
Canopy Not Priced for Surprises
Canopy remains the most expensive cannabis stock in Canada.
At 22x price to sales, Canopy is literally priced like a tech stock, not a second rate producer of commoditized cannabis in a severely oversupplied market.
Yes, the company’s international reach and name recognition among cannabis consumers are worth something, but the stock premium more than compensates for any positives results we expect it he coming 12 months.
Stepping back a bit, instead of owning a stock with headwinds still to navigate, you could own fast-growing and profitable tech stocks with better margins instead. This is called “opportunity cost” and is a very real concern in the cannabis industry.
Canopy has the least bad news baked into the stock and is most at risk of further stock price weakness once the new CEO announced asset write-offs and mothballs certain facilities, which we think is likely.Analyst revenue estimates assume a doubling of the Canadian market every year, a 5% increase in Canopy’s market share to 30% from 25% and stable industry prices. Betting on all three outcomes at once is truly foolish considering Canopy is struggling to hold onto market share and the current oversupply has already pushing down prices.
Canopy is the best performing stock in the past 13 months due only to the backing of Constellation Brands and Canopy’s relatively large cash balance.
The actual financials have been an unending nightmare for those who own the stock and a Powerball Jackpot for short-sellers.
It’s abundantly clear the stock has been artificially supported by the market belief Constellation will come in to buy the company if the stock price falls below $20/sh.
We looked into the probability of a buyout in a prior in-depth report and found that a Constellation buyout above C$10.00/sh is not going to happen.
Canopy has breathing room to reach positive EBITDA, but it will take significant cost-cutting from the new CEO to avoid disappointing high investor expectations in 2020.
Will he make the hard decisions in time to avoid the issuance of more stock or debt borrowing or will he drink the industry cool-aid and believe legal market growth will bail him out.
Relying on consumers to irrationally switch from a cheaper and higher quality source of cannabis has left the industry in ruins.
It may be time for a different strategy…
https://grizzle.com/canopy-growth-q3-2020-earnings-results/
"Activist short selling has been on the rise in Canadian markets in the past few years, with some prominent short sellers using social media outlets such as Twitter to publicize their positions and amplify their views. This has added a new dimension to the friction between investors seeking growth and those who borrow shares in a bet the price will fall so they can profit from the difference when they return the shares."
https://business.financialpost.com/news/fp-street/canadian-regulators-put-companies-on-notice-over-problematic-promotions-in-sectors-such-as-cannabis-cryptocurrency
If you are a American, your safe, and everyone is doing it. But if your a Canadian investor, they are watch dogging for this exact violation so no its not supported
Constellation Brands $4 billion dollar mistake, Now we all see what Bruce Linton did not disclose too get his butt fired. Ironically I warned everyone in the beginning, to only use glass jars for cannabis products, its no longer laughable, its just down right cannabis ignorance that people have give their investment money too.
Canopy Growth Corp. has an $26.9 million problem.
The Smiths Falls, Ont.-based company told investors and analysts during a November conference call to discuss its financial results that it was grappling with $20.5 million worth of product being returned from provincial retailers and bracing itself for another $6.4 million worth that was on the way.
In the previous quarter it had taken an $8-million writedown for unsold oil and gel caps.
The incidents are a peek into the little-discussed world of cannabis returns, where products are sent back to companies over everything from lack of sales, consumer complaints and quality concerns. Because companies and provincial cannabis distributors track returns differently and don’t always disclose data, it’s hard to know how common returns are, but experts say returns are more often an issue between retailers and wholesalers than consumer complaints.
https://www.570news.com/2020/02/09/cannabis-2-0-offers-window-into-pot-returns-policies-and-challenges/