Reddit Posts
Is CGC dead? Is there any chance it'll ever hit even $4/share ever again.
Sentinelone $S and Canopy Growth Corp $CGC wiped my gains out and both have class action lawsuits against them. When do I profit?
Safe Banking Act Timeline and Implications
How do I turn this into 25K to pay for my grad school?
$TLRY - Betting like a true regard ahead of 4/20
Hot Stocks: Bank stocks rise; NYCB jumps 32%; FRC plunges on S&P downgrade; CGC hits low
2023-02-01 Wrinkle-brain Plays (Mathematically derived options plays)
Nobody posted about Columbia's news "Colombian government-funded health insurance now covers medical cannabis"
First appearance of iron man CGC 3.0. Anyone interested?
Daily Review: Technical Analysis of SPY QQQ IWM
Congress poised to pass marijuana banking reform in lame duck
Canopy Growth Corporation Reports Second Quarter Fiscal Year | CGC Stock News
$CGC - Canopy Growth DD & Federal Legalization
Is there potential here? Canopy USA may be soon flying high...
"Nasdaq has objected to Canopy Growth consolidating the financial results of Canopy USA"
$CGC , $NUTX, $TSHA, $JUPW--Stock of Interest Mid Day
$CGC , $NUTX, $TSHA, $JUPW--Stock of Interest Mid Day
$CGC Canopy Growth looks to speed up entry into U.S. cannabis market with new holding company
BREAKING: $CGC Canopy Growth to Fast Track Entry into the U.S. Cannabis Market 🚀🌕💸
Cannabis stocks will steady climb and CLVR probably is the most undervalued.
Bought CGC puts yesterday 1 minute before close. Sold today right when I woke up. Ez pz.
TLRY, CGC, SNDL - rockets tomorrow. President Biden pardons all marijuana possession offenses
Game-changing news for US Cannabis - Buy $MSOS not Canadian companies ($TLRY $ACB)
$TLRY $CGC Cannabis stocks rally on Biden pardon for pot possession, study of Schedule I status of cannabis
Cannabis stocks will Light UP!!! 🌿🔥 😎 $CGC $TLRY $MSOS
*Catalyst: Weed Stocks and FDA Cannabis Advisor
Governor Newsom Signs Legislation to Strengthen California’s Cannabis Laws – California Governor $ACB $TLRY $CGC
Under the Radar, Recent NASDAQ IPO, Tiny Float Cannabis Stock Just Announced a Major Acquisition on a Sunday Night!
BYND Cannasoft Enterprises Inc. (NASDAQ: BCAN) Signs Agreement for the Acquisition of Israeli-Based Zigi Carmel Initiatives & Investments Ltd. In a Share Swap Agreement Valued at US $28 Million
BYND Cannasoft Enterprises Inc. (NASDAQ: BCAN) Signs Agreement for the Acquisition of Israeli-Based Zigi Carmel Initiatives & Investments Ltd. In a Share Swap Agreement Valued at US $28 Million
Cannabis stocks will Light UP over the next 12 months 🌿🔥 😎 - "BREAKING: President Biden is now considering decriminalizing marijuana at the federal level - Omar Rivero"
Cannabis sector is dirt cheap right now, but is it actually a good buy?
$10k to play with - covered calls the way to go?
BMO Investorline switched my stock from CGC to WEED
Under The Radar - Weed Stock Squeeze Next Up
$CGC it’s just getting started! Who’s in with me
$CGC - looking through the recent 13D filing, how does this add up?
Marijuana Decriminalization Bill Teed Up for Senate Introduction $CGC $TLRY
Yolo’ed my life savings on CGC and tilray right before the drop 🤡
CGC balance at $420 guess I have to smoke my losses.
Canopy (CGC, WEED.TO) CEO David Klein Sold $550,000 of shares
Canopy (CGC, WEED.TO) CEO David Klein buys $550,000 of shares
"Jim Cramer Doesn't Like These 10 Stocks", let's get some inverse Cramer action folks
Who Owns most short position On CGC and TLRY?!!
Class action event regarding Canopy Growth Corporation (CGC)?
CGC , the weed squeeze is coming to a bank near you
My picks (no specific order): TLRY, SNDL,HYMC, NILE, VEON, CGC
Get in while you can: SNDL TLRY CGC This week: House set to vote on marijuana legalization bill
Any Idea how i can be more conservative? Just started with stonks. CGC aka WEED gave me 45% so far
Buying a lot of shares just to sell long dated covered call?
The cannibals space is heating up
The cannibals space is heating up
If You Buy Some CURLF or CGC Stock, You Are Now a Threat to National Security?
Canopy Growth Co. (NASDAQ:CGC) Expected to Post Quarterly Sales of $116.84 Million
Just sold off about $3000 in stocks at a loss because I am a novice and was really sick of looking at them
Big players in Canadian weed still losing marketshare (Jan 2022 numbers)
$CGC at 3-year lows. Weed stock go brrrr or am I retarded, or both? Also, a ton of puts just expired on Friday OpEx 🚀🚀
Why has no one capitalized on CGC?
Pandemic will be stopped by "herbs". $TLRY, $OGC, $CGC, $ACB
Flora Growth ( NASDAQ $FLGC ) Issues Guidance for Revenues of $35-$45M for 2022 as the Groundwork Laid in 2021 Pays Off and a New Processing Facility Goes Online. Current $1.75/share w/52 week high of $21.45/share.
Flora Growth ( NASDAQ $FLGC ) Issues Guidance for Revenues of $35-$45M for 2022 as the Groundwork Laid in 2021 Pays Off and a New Processing Facility Goes Online. Current $1.75/share w/52 week high of $21.45/share.
Mentions
CGC has better USA assets. They need to de list and enter the USA and sell. Linton mentioned this two years ago
Entire sector is green today and CGC is -6%. They recently lost their spot as 2nd largest LP to CRON, and now they've officially lost their spot as 3rd to SNDL. Current market caps: 1) US$1.094B \[TLRY\] 2) US$657M \[CRON\] 3) US$383M \[SNDL\] 4) US$364M \[CGC\] 5) US$189M \[ACB\] 6) US$131M \[OGI\]
Psychologically speaking, I find it enticing that CGC is going All In on US regulation. I want to believe.
I'm going to guess it's dead, but I'm a software developer, not a financial advisor. https://www.businesswire.com/news/home/20230525005785/en/Shareholder-Alert-Robbins-LLP-Informs-Investors-of-Class-Action-Against-Canopy-Growth-Corporation-CGC
Is there any chance CGC makes a comeback? I’ve been holding this dumpster fire of a stock for years and haven’t sold in hopes it’ll somehow make a turnaround. Now I really wonder if I should just cut my losses
Massive up spike on CGC there..what just happened..
\-70% YTD on CGC, unbelievable stuff...
CGC earnings before market open today.
Ya I'm a bag holder. One that feels I'm never ever breaking even on this. Too risky to even average down. I have zero faith in this company anymore. If a catalyst hits it will be one of the biggest gainers in the shortest amount of time. But if there is no catalyst (which I don't think think there is) this reverse splits and gets shorted to oblivion. Fuck CGC.
This made me LOL literally. And I’m invested in CGC
When ACB and CGC hit over 15b mcap and kept running in 2018 era, things made no sense to the upside. I feel we're in the opposite. Things aren't making sense to the downside. So I'm buying the fear In my view, cgc is worth more than 400m.
Very close now to losing 3rd place market cap to SNDL. Maybe by the end of the week if this continues. CGC: US$388M SNDL: US$378M
By some act of god, my investment in CLVR has not moved in two weeks time - still holding entry. It has withstood the fall of TCNNF, TLRY, and CGC. Dear Jah, let there be an external catalyst by end of June.
Everyday for the past year would’ve been a good day for me to sell my CGC. Guess I’m riding it to $0 in 3 weeks 🤷♂️
I’m holding CGC and CLVR, down big, just probably don’t if you haven’t bought any yet.
Does "best managed" = success and great management? No. It does not lol it means they are the best managed LP which is not saying much. I think you need to understand the english language alittle better. And not make any assumptions. Still havent mentioned the beloved Tilray. You are a little troll. He is STILL correct that Cronos is the best managed LP out of Tilray and CGC. And you clearly can't provide any defense because you know its true lol
This has been a constant pattern lately it seems. The CGC/TLRY stuff from last week may have also played an effect but these patterns were apparent before then as well. Listening to Morgan's spaces yesterday, it's clear even the fund managers are growing exhausted with this divergence...tough times indeed. It's not even clear what is driving price action... Just hold long,
Definitely been a tough year so far. I think we should all take a break from here and enjoy the summer. I'm just hovering around until CGC finally reports their end of year financials then I'll be stepping away for awhile as well since no one else will be reporting anything until end of summer. I'll resurface if we get any big news but at this point I'm not expecting anything until the fall at the earliest.
I appreciate the response. I largely feel the same, the way they did it really sucks for shareholders and it's been a rough week for anyone holding long, but at least they have cash. Though I'm still not convinced we'll actually see consistently positive cash flow from them anytime soon. I've been more pessimistic of the LPs in general of late, but despite this, I still think TLRY is one of the few who will manage to survive, even though I agree that they'll probably all continue to slowly grind down until we finally get some real catalyst. I think at this point you're much more optimistic about CGC than me - I have no skin in the game on them but it's looking really rough. I wish they would just release their Q4/year-end financials already. I also agree that when we do finally get some real action TLRY will definitely run. We saw this effect most recently with the initial SAFE pump a month ago - TLRY outperformed all the other LPs and MSOs that day except for CURLF. I know people here prefer to talk about long-term prospects, but there's an argument to be made still for one last meme/hype run on the US side. Afterwards, moving things into GTII seems like a good choice - if I had to start over and just buy one company now it would be them. Though if we do ever manage to climb out of this hellhole it's going to be tough to convince myself to buy back in afterwards, I'll probably cut and run and never look back.
Here's my view. Extending debt to 2027 at a better interest rate is a good thing. The issue is how they structured the deal and lent out 38M shares from the treasury. Carl in the AMA: Typically, this is done by using borrowed shares from other institutional investors which there were none available to borrow. There is none available to borrow from other institutional investors because they have already shorted us to oblivion. By issuing another 38million shares, we're going to get smoked. They threw retail investors under the bus - again. If the previous debt holder covers their short by buying on the open market, it'll give us some buy pressure which might cancel out the sell pressure from the new holder. Assuming there is no catalyst, I'm short/medium term bearish. Long-term should be fine, they are cashed up now. I still think TLRY/CGC will rally much harder than MSOs on any reform. Only because they are listed on NASDAQ. At which time, I'll switch over a majority of my LP holding into GTII. Right now my portfolio is somewhere around 65% LP / 35% MSO.
IWM +1%, seems like CGC and TLRY following...MSOs lagging, look for a possible delayed catch-up today there...
Just looking at the percent of float shorted for various weedstocks. What I have is VFF around 2 percent, CRON at about 4, Tilray at 8 and CGC at 11. Given Tilray's price action I thought the short interest would have been higher than CGC's. Maybe my short interest numbers are out of date. I find it interesting that VFF is so low. Perhaps it is time to buy? I am surprised the futures are not running higher, perhaps the market is holding its breath for a Senate vote. For me, I am just happy to see that bipartisan voting can still work. Perhaps the logic of SAFE will compel the politicians to do the right thing and not be swayed so much by the far right and left. I believe the appetite to the fringes holding the mainstream hostage has grown thin. Regarding the AMA...I found it okay. I was not expecting a CFO to bare his soul, and he did clarify how those shares were loaned to Jefferies. Thanks banana and noob for digging into the details of the offering. Essentially what at worst is a possible 10 percent dilution shave 30 percent off the share price. Seems a bit excessive. I also think it was an important point Carl raised that none of this raise is being used to cover operations costs. I found Carl's response to suziecreamcheese ask about profitability to be interesting...said the quarter ended 31 May and we will have to wait until July report. That was a better answer thanI was expecting (I was expecting something like macro market conditions, delay in SAFE and other CFOspeak). Looking forward to a green day for the LPs and MSOs.
Do you want to explain how Tilray and Canopy are better? He is correct. I can see an argument for Ogranigram or other smaller LPs but definitely not CGC and Tilray. Cronos has the best strategy of sitting on their cash and waiting for US to open.
>That means 250M burned since last Q Report They're getting into CGC territory now..
Why CGC instead of MSOs at or on the verge of profitability? If you can time your entry then maybe there's some money to be made on a catalyst pop but long term cgc is a dumpster fire.
I have nowhere to DCA from, I don't own CGC
OGI down 20% in the last 5 days lmao. Feel bad for these guys, getting wrecked cus of CGC/TLRY
I have kept track of literally everything. No other senator or representative has said anything. We know blumenauer sent a letter in december to HHS asking for transparency, and imploring for “de-scheduling”. Im sure this is in response to the fact that congress is aware its a re-scheduling event. Mace and todd indicated HHS was targeting sched 3 early in process. Timing is all a guess - as we know its all very opaque. Its all over the place. CGC legal said min 180 days (april 5), klein at bezing said maybe towards yr end. Todd early said indications will be months, for completion. Others say next year 2024. Mace in her article said they wanted to move very fast. “Months”. Becerra has said as quick as possible.
Actually good point. at this point for CGC and TLRY, falling knife so why not think outside the box?
Especially odd when CGC is still dumping.
When I worked at CGC in 2019, the CTO would often have chats with us about it lmao. Not that it effected our decision but he was just curious about what people are saying about it.
This company Canopy is trading below cash value. It is unfortunately is a downward spiral, with nothing to show but just gimmicks. Their revenue is decline Q over Q, losses accelerating and no growth prospect. No chance of meaningful entry to the US in the next few years by which time all MSOs will grab all state licenses. Yesterday, on The Dales Report podcast, one of the guest investor (Andrew???) said he expects CGC to continue to decline from .86 per share to below .50 per share in the next few months. If CGC falls below .5 per share, the psychological hit will be hard, forcing reverse split or eventual delisting. Just imagine CGC raised billions in IPO just a few years back and now they pretty much burned through all that cash. Same fate awaits Tilray. Watch Tilray soon drop below $1, may be not in the next few weeks but likely in the next 6 months. Tilray just raised $150 million diluting the crap out of existing stockholders and on top of its agreed to an agreement to issue millions of new shares which will be immediately shorted by the lenders!
CGC market cap has gotten so ridiculous. I'm still a firm believer prices are getting decimated too heavily to the downside across the entire sector. Similar to CGC being valued at 15b during the Canadian rush, my guess is we're in the opposite of that.
Yep CGC is one of my worst holdings, currently down about -16k$
If CGC wants to turn their share price around, they need to replace the CEO D.Klein with his twin brother N.Klein. (Ok, before I get thrown off the stage, I’ll be the first to admit that was a lame attempt at some levity).
Sounds like we have some negative news which is the real catalyst for why CGC dropped. They are restating their financial numbers from 2022 regarding Biosteel. Sounds like it is not doing as well as they had reported. Seems like we may not have any financial reports today, because of this re-statement of last yrs financials. So not good news. I just hope the stock price doesn't sink anymore. ---- I guess TLRY went down because they need more cash and will be issuing convertible stocks to raise more money - dilution. Really need some good news soon, very frustrating.
ATL portfolio. Where the f@#$ is the m&a! Cresco shuts the f@#$ up for months on CC, Cronos has enough cash to buy CGC outright, Couche Tard, Constellation, and BAT don't give a shit about FF, CGC, OGI. MSO are dwindling and CEOs are clueless. Irwin is Vic 2.0 and is focused on the Hamptons and retirement. Wtf!
The requirement to hold ratings from two agencies was eliminated through the October 2022 Term Loan credit agreement amendment and reflecting Canopy’s continued efforts to streamline resources, the company has decided to withdraw its public rating with the S&P,” a Canopy spokesperson told BNN Bloomberg in an emailed statement. According to the last financials in February, CGC paid down 187m of some term loan and reduced their debt in Q3. So I have no idea what this means, but I’m assuming is that something to do with that. But no clue.
Bruce has mentioned the strength of Organigram's business in multiple interviews. And he likes High Tide's Canna Cabana. Interesting. He points out the sad truth of too much debt at TLRY and CGC. Probably would have helped a lot of people if this interview was two weeks ago.
Who in they right mind buying that much CGC.... What do we not know?
For what it's worth. https://twitter.com/junglejava1/status/1662508809552646144?t=zkk55DPnujZLP6_7RX-nmw&s=19 Yolo bought 180k CGC and 100k ogi
It’s not to instil confidence in retail investors (that’s the last group the CGC C-suite cares about, clearly); it’s so the C-Suite and Directors don’t get sued to high heaven for the huge boo boo they just made
CGC CEO is getting one on his cock
What does CGC have to do with this article?
Carl Icahn needing money big sell-off of CGC and TLRY weedstocks
Thanks TRLY and CGC (yesterday) for temporarily derailing the sector rally on a Friday of all days when shorts usually cover into the weekend, on a day where markets are "ripping"...
I have a "theory" the reason CGC Canopy Growths Stock dropped Monday from $1.23 to Thursday .89 cents. Many of us felt it had to be an Institutional Investor that needed to raise cash quickly. Carl Icahn owns shares of Canopy Growth Corporation. According to the Securities and Exchange Commission (SEC) filings, as of December 31, 2019, Icahn held 38,821,389 shares of Canopy Growth, which represents approximately 14.7% of the company's outstanding shares. In November 2019, it was reported that Carl Icahn had increased his stake in Canopy Growth by 2.72%, which was valued at approximately $160 million at the time. My guess is he has been buying and accumulating shares as the price has dropped cost-averaging as he went. --- But then his own Investment firms stock was cut 1/3 after a shorter/broker accused him of running a Ponzi scheme. My guess is he needed cash quickly and sold a sizeable chunk over the last 3 to 4 days
I have a "theory" the reason CGC Canopy Growths Stock dropped Monday from $1.23 to Thursday .89 cents. Many of us felt it had to be an Institutional Investor that needed to raise cash quickly. Carl Icahn owns shares of Canopy Growth Corporation. According to the Securities and Exchange Commission (SEC) filings, as of December 31, 2019, Icahn held 38,821,389 shares of Canopy Growth, which represents approximately 14.7% of the company's outstanding shares. In November 2019, it was reported that Carl Icahn had increased his stake in Canopy Growth by 2.72%, which was valued at approximately $160 million at the time. My guess is he has been buying and accumulating shares as the price has dropped cost-averaging as he went. --- But then his own Investment firms stock was cut 1/3 after a shorter/broker accused him of running a Ponzi scheme. My guess is he needed cash quickly and sold a sizeable chunk over the last 3/4 days
https://thedeepdive.ca/tilray-sinks-22-in-pre-market-trading-after-lending-shares-to-shorts-for-note-offering/ In laymen’s terms what CGC has been doing all along…
The problem is the endless cheerleading for companies like TLRY and CGC, who will be sold for parts before they ever live up to their goals. If only we would promote the strong companies in the sector, investors would have a totally different outlook. OGI, HITI don't get enough publicity. GTII needs to uplist.
Well for what its worth.. I guess we finally got that capitulation puke with big volume on TLRY and CGC
CGC market cap right now 😅 5 years ago companies like Maricann, Supreme or Harvest One would have this market cap amount, completely absurd looking back…
Not for CGC. That is on weed stock that may be totally screwed
CGC bagholders, that's who.
You forget that for the time being, trading in MSOS is handicapped for a lot of Europeans. A lot of potential investors cannot access these stocks right now. Tilray, CGC..being on nasdaq makes a world of a difference.
What are the thoughts on CGC here? Does it make it back to all time highs?
I suppose it could be back luck. Honestly, Tilray has held up exceptionally well this year. OGI, CGC, VFF, are all down around 50% or more YTD while Tilray lost a little over 10%. Cannabis stocks usually trade closely together so it may make sense that Irwin saw the writing on the wall and decided this may be a good moment to make such a move.
Maybe they will buy CGC
Hi everyone, my name is Gambit, roughly 2-3 years ago i was in a jet skiing accident and had severe head trauma. After my release from the hospital I immediately purchased $40000 of $tlry and $CGC .
The toughest thing I am finding is these surprise moves seemingly out of left field. Talk about bait and switch...yesterday it seemed as though Canopy was gearing up for an after hours mic drop; and it turns out to be Tilray that drops this bomb of a NR about 30 seconds after market close. After hours saw about 5M Tilray shares traded and about 200K CGC shares. I long ago gave up trying to make sense of this sector, but yesterday (pun is sadly intended) brought a new low. All I am wondering now is WTF is in store for today. I guess one can always sell...which would now be at about an 80 percent loss. I DCA'd to around 11CAD. I used to read about guys like me trading their house for a tulip bulb or a satchel of pepper.
seeing this CGC and TLRY news brothers, i think the [answer](https://www.reddit.com/r/weedstocks/comments/13pk0vw/daily_discussion_thread_may_23_2023/jlbschu/) is **no, not right now**
Im investing in only safe stocks, WE, CGC, SDC, and OPEN
>The overwhelming focus on TLRY and CGC has caused nothing but negative publicity for this sector. Negative? Haha maybe CGC but Tilray? Nah man. OGI is strictly a Canadian cannabis company which is fine but I like how Tilray is involved in way more than just one thing.
It is. If you're not having fun sometimes it makes sense to walk away. You're out painting the side of a house one day listening to good music and being completely left alone and you laugh at all the wasted days indoors chasing money. I'm sure there's an in-between, but there never has been for me. I go through phases and it may be time to start kayaking an unknown river. Unless CGC rebounds tomorrow and Safe passes then we are back baby!
My sad hubris...I own too much of Tilray. Today I was following CGC (not owning any) and feeling sorry for the poor SOBs who owned Canopy. I was thinking along the lines of "this is overblown, and I see no news...at least Tilray is holding its own today amidst the debate ceiling carnage." Then Tilray unleashed the Kraken after hours. I do not believe my portfolio will be able to recover from this one.
Never avg down on CGC. It can always go lower
Dunno, I don't buy Tilray or CGC so 🤷♂️
Will be interesting to see if MSOs have done enough to differentiate themselves from LPs in the eyes of investors. Amazing how often they are still confused even by mainstream media. I would have a concern with CGC that Constellation separates the US assets from them and with Tilray they are a CPG company that seems to constantly dilute and not be profitable.
CGC and TLRY just need to merge so I can hold one shitty company instead of 2
LPs are fucking garbage. every one of them. Full stop. I'll never invest a penny into Canadian weed ever again. Complete shareholder destruction accross the board. Tilray and CGC are the biggest culprits around
Yeah but CGC down to USD 0.88? I don't believe I have seen this price since like 2016.
The overwhelming focus on TLRY and CGC has caused nothing but negative publicity for this sector. Their financials are among the worst I've ever seen. I hope that in time we can shift the conversation to (Canadian) names like OGI and HITI, who offer true value and opportunity for investors.
You're fking Crazy Nooby! - as requested. But I like and wish the best for you. The logic of CGC is okay as long as constellation is backing it, is fine... until constellation decides to back out. You better run like hell if you catch wind of them backing out.
and my $CGC value today now reads 4 decimals not dollars and cents 😂😂😂😂
Apparently this was the news that caused the stock to drop. There have been so many lawsuits. The timing of it being announced is the same as when the stock started to drop https://money.tmx.com/en/quote/CGC:US/news/5951703178210308/Canopy_Growth_Corp_Sued_for_Securities_Law_Violations_Investors_Should_Contact_Block_Leviton_for_More_Information This is known news… so I’m not sure
Holy shit. I thought CGC had a bad day...Tilray's after hours is tragic.
Curious, who owns Canopy US? Is it CGC or Constellation Brands?
I am actually (no kidding) beginning to seriously question my sanity. I do not own CGC, but wonder how a stock can tank 15% on no news I can find. There was a lawsuit announced, but pretty much every weedstock getting chased by lawyers. CGC wrecked the entire sector today...not that the debt ceiling was not bad enough. I can only guess this was some sort of technical plunge based on it going under one dollar. Let's see if there is some sort of NR that was leaked earlier to institutional investors (are there any left). What a shitshow!
That was a fun experiment. I now hold 1500 CGC at .94 usd. If only 2018 could see me now.
Tbf I think the other weedstocks were probably going to go down on their own anyways, lol. Does the market still think CGC is a "sector leader" with fins that effect the entire sector? I doubt it.
I knew that CGC pump wasn't going to last but damn
Even by weedstocks standards (meaning there are no rules) this CGC massive selloff and now flatline is yet another WTF moment in this sector. The wild west has nothing on us.