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Earnings will come. In fact, they come every three months. The week before, traders will drive up the price. The afternoon of the day before, traders will sell. The earnings release will have news that some see as great and that others see as signs of doom. CGC’s share price will fall, the traders will profit. Similarly, the longs will just see another quarterly reset to a share price above the previous quarter. Longs also benefit from exogenous trends, like legalization in Canada and many other places. I suspect that the traders and the longs probably come out about the same. For me, it just seems easier to not believe that my own BS moves the market. All things equal, why sweat the daily trading and constant promotion of negative sentiment just hoping (falsely) to create volatility? It is a fool’s errand. Go CGC!
I couldn’t disagree more.
But you don’t sound happy... seems like you are angry at CGC all the time. Whirlled peas; that’s a better plan.
So, you've got so much to say, but can't comment on whether negativity towards CGC serves your self-centered purposes.
Do you find that promoting negative sentiment on CGC helps you make money?
Dude! So negative! Just sell! Happy nailed it in her comments. There is already a large and legal cannabis industry. CGC is a great investment and well positioned for for future growth. You think $25C is a big deal; it wasn’t that long ago when we were hoping to get to $14. When you are late to the dance, you pay a price!
That’s like saying the hops farmers are the king of beer. But everyone knows that Budweiser is the King of Beer!
Party on Garth, but you are so wrong.
Old news. Eight quarters is a short time for a developing LEGAL industry. Soon come!
Weird rant. Any facts? CGC has met all of its public reporting requirements and deadlines. Their financial statements meet GAAP requirements with additional non-GAAP details. Their results show sequential quarterly improvement. Is there something that’s a problem in a rapidly expanding LEGAL industry? I think not.
Echo chamber?
Good points. The start-up guy is always the right one to get it over the finish line. I’m sure Bruce is more than okay and Constellation will do what’s needed to make Canopy a big win. They’ve proven that every quarter. Sequential improvement is the name of the game. Results cannot just be wished into place.
I thought you wanted them to make money. Is there a problem with that? You seem upset and trying to have it both ways. BoA probably knows a little bit about markets. Go CGC!
Why are you shouting in ALL CAPS? CGC is already pretty far past the transparent forward earnings guidance that you keep quoting. It’s a good thing that the company has a plan, is sticking to it and managing investor expectations wisely. If you don’t like this investment, you should just go elsewhere.
Just exactly who is naive? Next earnings are just a continuation of the positive trends from previous earnings. Who’s gotta a problem with that? Go CGC!
Are those facts or just your opinions? “Everybody who knows...” etc does not establish anything. Is there one single published report that supports any of what you are saying? Canopy was launched by people with tons of experience in startups and Constellation has quickly brought them up to scale and then brought costs under control. The future is bright.
Why do you say that? How is the best capitalized company in the sector a “bad setup?” Where are the facts?
No worries. I think Borys just forgot that we can see through algorithm bot-based cut and paste. CGC is up. That’s a good day for investors!
So moonshiners must be dominating the booze industry 100 years after Prohibition?
Happy 4:20!
Really? $34C is way above $25C. Maybe it’s time to move on and forget about bad short bets. One day’s drop quickly turns to another day’s gain. Don’t wait too long to leave.
Not sure what record you are thinking of. CGC is the best funded player in the industry with a sequential track record of continuous improvement and a demonstrated ability to raise additional capital as needed. The numbers do not lie.
Why? How so?
Yada, yada, yada. CGC rocks, best in category!
Damn! Just when I thought that maybe, puleeze Jesus!, that HA had cut off lobbyists.
CGC's not exactly locked out of the U.S. I get their BioSteel products at the local vitamin store. That's still short of the goal, but skating to where the puck is going.
Individual states will eventually lead the U.S. federal government to reform. While national legalization would be great, simply rescheduling weed's classification would still be a huge step forward. MJ has been on Schedule I for over 50 years -back to the Nixon administration. That's bound to change soon.
I don't know why you would think that. Many of the most valuable companies in the world hav been built through years of losses. Managing CGC for quarterly earnings would be a big mistake at this stage of the game. Sure, it's an easy thing for detractors to dig in on, but that's really irrelevant to value at this point.
Absolutely! All the financial statement trends are going in the right direction. CGC it the major player in an unstoppable legal industry.
So you are predicting good news. Positive earnings, correct?
Predictable response both it timing and sentiment. What does one really know about good news, especially long term news? Isn't that simply speculation?
I'm expecting the shorts to check in anytime now.
Of course insiders sell. Every executive who accumulates large numbers of shares through options, awards, etc. has a preplanned arms length diversification plan in place that executes automatically on schedule to keep them from being over concentrated in company stock. This happens regardless of ups, downs or operational changes and keeps these individuals safe from allegations of insider trading. Do you know anything about public companies or standard practices for top executives?
Nice gain today with EOD high. Crickets from the shorts, no surprise.
What’s the problem? Two-thirds of your analysts are saying this is a great stock to hold in one’s portfolio?
No tears. Just waiting for you to show up predictably on a down day. Regardless, still many more ups than downs. Go CGC!
Only the sound of crickets when the price is rising.
That’s not the meaning of hype. It is circular logic to say that the price goes up on hype and that hype is when the price goes up. The price goes up because Canopy is a good investment.
You keep talking about hype. Just what are you talking about? Canopy is a public company which operates legally with all the transparency that the law requires. Where's the hype? What is it?
Hype? Why is that hype? The facts are just the opposite. On top of their large cash reserve, it was just announced today that Canopy has obtained $750 million in an additional line of credit. Where is the hype?