Canopy Growth Corp (WEED)

[Bonno]

Matt Lamers ????
@matt_lamers
47m
UPDATED: Canopy Growth has lost almost $6 billion selling cannabis since 2015.

Losses for years ended March 31:

2015: $9.3M (15 months)
2016: $3.5M
2017: $7.6M
2018: $67.3M
2019: $712M
2020: $1.4 billion
2021: $1.7 billion
2022: $320.5M
2023: $2.1 billion (1Q)

Matt Lamers ????
@matt_lamers
Canopy is now the biggest money-losing machine in the cannabis industry, surpassing Aurora, which has lost approx. $5.4 billion.

The 2 businesses together have lost well over $10 billion.

They're also the 2 most subsidized cannabis producers in the world, courtesy

Matt Lamers ????
@matt_lamers
Why has Canada been HEAVILY subsidizing cannabis production for 2 producers amid a massive, historic glut of cannabis production?

To save jobs! How many jobs were saved? They permanently laid off A LOT of people! #cdnpoli
1:46 PM · Aug 5, 2022·Twitter Web App

Matt Lamers ????
@matt_lamers
·
30m
Replying to
@matt_lamers
Pro tip for pro stock analysts: Canopy's 2nd biggest problem is they embarked on a "deliberate business transition to focus on higher margin, premium" cannabis"

Problem with that is it puts them head-to-head with micro, who let's be Frank, are much better at this sort of thing.

Canopy's biggest problem (since no one asked) is they can't sell budget cannabis either.

All part of this trend: The biggest Canadian cannabis producers, as a whole, sell only a fraction of their production.


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