Canopy Growth Corporation
$-0.30 (-3.57%) Today
52 Week High
52 Week Low
7 Days Mentions
Do losing stocks get hit harder at the end of the year? For instance cannabis stocks got crushed this year. Will people further (oversell) things to mark losses to offset gains? Are these opportunities to buy stocks that have had a poor year??
TLRY and CGC coming soon legalization in Germany 84 million people and Mexico 125 million people all coming soon. In USA not only democratic Schumer Bill, but also National Defence Act Marijuana Bill and also Bipartisan supported Republican Nancy Mace Legalization of Marijuana Bill
VOO by vanguard is a lower cost sp500 fund than SPY. I would lean VOO for sure. Have you looked at Berkshire Hathaway’s business and asset portfolio BRKB? I used to own cronos, I sold for around $15 and I moved my cannabis investment money into the fund MSOS. I did research on MSOS top holdings and the American multistage cannabis operators seem to me to be a better value in the stock market than a cronos or say a CGC. These American companies are like curaleaf, trulieve, green thumb, Columbia care, etc I would definitely consider researching financials, profitability, valuations
I dunno if you saw my trade history comment but I’ve bid on TLRY, CGC, and CRON leaps. I’ve got the CGC leaps secured. Dems are gonna push recreational before the primaries to secure the vote. It’s just my gut though.
Well my Baba was. But average down and it’s looking up lately. LVS - another average down and after today I feel so much better. I have 5 others that I have averaged down and waiting. All Red. CGC DKNG WWR VLDR CHWY Other nibbles on some really depressed small caps.
But how do you “just buy Cura”? Boris owns 33% of the shares and he has no interest in selling probably until it’s a $100B business. They’re valued at close to $8B CAD, and look to have a bright future, so you’d probably need to pay a minimum 40% premium, but probably 50%. That would put CURA at a value of $12B, so they’d need to raise $6B+ for *the option* to buy a 51% ownership stake. And then, hope that something gives, because CGC has been waiting forever now to have access to ACRG. And it you’re a TLRY holder, why even bother holding TLRY if you can just go straight to the source without hoping and waiting for US laws to change or having to suffer through massive dilution?
I guess it comes down to the assets you get. I think we have seen that marketshare is easily wiped away, so is there really a point in buying a company for its brands when there is very little customer loyalty? I'm sure someone will buy Hexo at some point, but I think TLRY, ACB, CGC, etc need another $500M in facilities and $300m in debt about the same as they need a hole in their foot.
Look at it this way. Instead of partnering up with a existing Alchool company like CGC and STZ. They will own both. Which means they will have the distribution and footprint to help move cannabis around the states or within the respective states depending on how things legalize with their own infrastructure and not have to rely on a partnership with big Alchool. I can understand in the short term it's hard to see but that's exactly what's happening here.
Well at least I wasn't early to that party lol. Their long term charts look pretty rough if you were in longer term since they IPO's, even CGC! Could very well be catching a falling knife, but there still seem to be a lot of good upcoming catalysts this year.
Canada rec is a dumpster. I’m not trying to shit on tlry since I’m sure ACB, CGC, and several others are going to post as bad or worse. But this wasn’t a good qt for their cannabis operations in Canada. If Canada gives one iota about the health of the companies providing rec and med cannabis to its citizens, it will have to take a hard look at what they can do to make it less painful to conduct business here.
Motley Fool has this: [https://www.fool.com/investing/2022/01/10/why-tilray-stock-surged-today/?source=eptyholnk0000202&utm\_source=yahoo-host&utm\_medium=feed&utm\_campaign=article](https://www.fool.com/investing/2022/01/10/why-tilray-stock-surged-today/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article) TLRY float is 11.5% short. Lots of trade on the call side next 3 expirations with declining prices (I don’t trade options, but do investigate what the options traders are doing). Canopy is also up (4.57% as I write) – likely following Tilray (CGC has a 17.7 short float).
Win is a win. Half of chazdaq is down 50% CGC is in the exact same place and is a comparable company. The industry got hammered not just TLRY it just happened to catch a wave and people bought in WAY too high on a green rush mentality so there are a ton of bag holders. It’s a decent company with a future. When is the big question. This report they actually made money, I know, made money who does that?!
Shorts will want to cover. The driving force is Tilray is not burning through cash like CGC, HEXO, or ACB so they will not need to raise. That is key. The report itself was not spectacular, but the underlying message behind the rename (Tilray Brands) is a very clear indicator where they are headed.
For the fun folks downvoting , Irwin does not know what he is doing in the beer business, continue investing at your own risk his go to market strategy doesn’t even make any sense. For those would like to know more about Sweetwater and even Green Flash’s performance in 2021 here is the sad truth. Dollar Sales Change Total Beer: -6.3% Craft: -2.9% Sweetwater Brand Family: -17.4% Green Flash Brand Family: -40% FYI: Rate of decline increased post tilray merger while they were investing more $ into their sales force and gaining distribution. So they added more cost and still lost ground=💩 Source: Nielsen AOD Total US - L52 *These #s only include off-premise, so no bars/restaurants/etc….but from everyone I’ve talked to in the industry while the on-premise is up it is because they are lapping super soft 2020 #s. Everybody is still underperforming 2019. Craft is recovering the least amount of tap handles/space. Buying underperforming craft assets for hundreds of millions of dollars is making only a handful of people rich and it is not you. Tilray is just as big as a dumpster fire as CGC the only difference is Tilray has done a better job of turning its retail investor audience into a weird cult. Hopefully German legalization or that nonsensical MMEN investment saves you folks but I doubt it.
I’m losing my shirt and my ass. Down $36k or so between a number of different stocks - and I do believe I’m well positioned on them. Just afraid to buy them down any further. I have CGC, ACB, TLRY, ROMJF, ACRDF, MMNFF, SNDL and MJ. I think I’m in the negative in all. Massively in ACB, and I don’t think I’ll ever see the light from that one. I’m highest on TLRY and CGC. But I guess I’ll have to wait and see..
Would it be a bad idea for companies like Tilray and CGC to delist from Nasdaq to pursue operations in US? Stock prices have already tanked. I'm guessing if they delist, acquisitions they made in USA could finally enter their bottom/top line numbers during quarterly reports.
I didn’t say that. Most of the bigger LPs have lost market share to smaller companies, if the data is accurate. I think Auxly and Organigram gained market share, but I’m not sure I’d consider them “big” in CGC or TLRY terms. Canada has something like 800 LPs and is more than just the companies talked about in this forum. Market share is just being spread thin, instead of concentrated in the bugger market cap companies.
When I compare highs and lows here over ~3 years it looks insane. I’m up, and likely to stay up. But there’s been brief “lmao lambo time” gains almost immediately followed by googling bankruptcy. There’s been profits taken way too early (AMD) way, way too late (CGC, TLRY) complete horsefucking disaster (LFIN, MU) and some embarrassing but successful boomer plays (HEAR, DFS) and some infuriating unrealized losses that still don’t make sense to me (BB, CRSR) If I smooth out the line I have a moderate success streak and a hobby that occasionally makes me feel very smart and pays out. If I look at the catastrophes and missed gains, I look like a fucking weapon used autist who shouldn’t be allowed anything sharper than a spoon.
My guy you are so wrong about that, I don't even know where to begin. Shitty LPs like TGOD even reached $1B in the lead up to canadian legalization. CGC, ACB, and TLRY were all well over $2B... even over 10B at some point. Get out of here with your bogus facts.
I guess what happened is someone did listen to this pumper and lost way too much catching falling knives and his wife left him or something really bad that’s driving him mad. Not much to see here… I talk often with Tyler Burns at CGC he’s told me that he’s received several threats
Given canopy’s past actions I am afraid you are right even if I am happy about the C-suit shake up and firmly believe Newlands’ left to take care of the Monster merger talks which are way more important for STZ than their investment in CGC.
There are only so much dilution you can do before completely turning away investors... Until they can stop burning cash and instead turn some profit, I'm bear in ACB. Constellation might just cut their losses on CGC, major companies make mistakes like this from time to time, you can't form a investing thesis on the basis of one cash injection.
im sorry but when has $CGC ever done anything right? all they do is piss away cash and overpay their board. they are along with aurora responsible for nearly $7b in lost investor capital in just 4 years time. Why anyone would trust them with their hard earned $$$ is beyond me
Canopy Growth Company first one I checked on your list has never made profit as far as I can tell https://www.macrotrends.net/stocks/charts/CGC/canopy-growth/net-income Kinda seems like dog to me, do you remember what made you want to invest in it?
For the lazy: Canadian cannabis producer sales growth Q4 vs Q3 2021: Auxly +35% Aleafia +31% Cronos +25% Organigram +7% Sundial -3% Pure -6% Hexo -8% Canopy -12% Tilray -20% Aurora -23% Certainly confirms the ongoing trends of the large LPs rapidly losing share and some smaller operators (Auxly, CRON, OGI) taking their place. Has been the case for several quarters now- perhaps makes names like Auxly/Alefia good take out targets. Also points to a rough Q4 for Tilray/CGC/ACB
$1 Million - I think M & A is on the table in Canada, lots of examples already (i.e. Supreme - CGC). Simple, If they gonna get buy out...and i think they are....why waste the money on listing... if a deal is close...that is my only speculative reasoning...nonsense...have a good evening! OTHERWISE everything happens for a reason.
I do agree with this but most Canadian names (aside from tilray/CGC/ACB) are trading near book value or 1-2x yearly revs. People already think companies like hexo, tgif etc are going bankrupt. Most of the trash like IAN/cantrust/EMH are pretty much already wiped out. Imo I think we're hovering around max pain on most Canadian names. Short float on CGC is almost 18%, has it even been that high before?
>Is Tilray set up to make a splash in the American market? Define splash? The MSOs will crush, if not completely obliterate TLRY’s chances of taking even a tiny portion of American weed market share. The only reason people believe they have a shot is due to hopium and a cult like following of that greasy haired dude that gets paid a ridiculous amount for what he does. Just think about high growth cannabis sales. You’re not investing in an explosion of beer sales. You’re investing in rapid growth in cannabis sales. The MSOs are achieving that. By a long shot. TLRY and other LPs are losing marketshare in Canada. What makes you think they’ll be able to waltz into a robust American market without absolutely crushing shareholder value through dilution only to barely acquire the lowest hanging fruit? CGC already did that, paid an enormous price for flaming bag of dogshit that is ACRG. How has that worked out for them so far? Don’t think anyone’s going to make a splash. Maybe a drop in the bucket but that’s about it.
I’m going to chime in here, and I mean this with the best intentions because I want tilray to be somewhat successful just for the sake of some investors here. But does the acquisition of two breweries really seem all that exciting or strategic? And for them to transition to cannabis will require federal legalization to be signed into law, which took a small country like Canada 3 years. If American lawmakers do make this happen, it could still be a long, long way away. And even if they manage to legalize weed *soooon*ish, then your company will still have to swim through the swampy waters of various state laws, and start from scratch building production facilities, or hope for the allowance interstate commerce. This all adds yet another layer of capital cost. And on top of that, the breweries are going to transition into weed beverages which haven’t proven to be a big part of the market, and are kind of overpriced for what they’re worth. All of that still leads me to believe that the best way for them to enter the US market is by diluting current shareholder equity and paying an enormous premium to buy an established company. Meanwhile MSOs like Curaleaf are buying up smaller operators with an 8% interest rate with the final payment due in 3 years from now. Ergo; buying tilray is a really long and convoluted way of eventually reaching the US market, which is the holy grail of weed sales. Why not just buy into some MSOs in the first place? Why jump through so many hoops when the MSOs are already proving immense growth and could one day buy TLRY, rather than the other way around? Does a few breweries and a 20% share of struggling Medmen really seem like they’re being strategic? Is there even a possible strategy? At least CGC is selling a few packs of CBD gummies. And on top of all that, you’re paying a CEO a shit ton of compensation for what? If the breweries are so good, and sales so swift, why would they sell it in the first place? Just some thoughts.
is it bad that I'm looking for another entry point? (sub $4 if it hits). I am against the grain in thinking Irwin is the best CEO in the industry. The industry just sucks right now but its not going anywhere. When everyone was pounding the CGC and ACB drum it seemed obvious they were being driven into the ground, TLRY (under Irwin) I think is still (relatively) strong through temp pain. Definitely not going all in the way I did before though.
I understand your concern but he has good points for his reasoning, unlike other companies VFF has been executing things patiently unlike CGC/TLRY, just look at their goodwill. I still would invest on VFF over TLRY. VFF can survive any downturn, however TLRY would be unable to the way they are losing money. DeGiglio might be salesman as any other person, but unlike TLRY CEO, he doesn't rake in $20 million. I am not going to invest in a company where my money will be paying a CEO $20 million for the company losing money.
Honestly just boiled down to luck (holding XIV when WSB memed about it not understanding what decay or volatility really meant and not getting fucked) and my willingness to sell and take profit (get raped in taxes) Started with marijuana and just kept on moving into new, speculative markets every year. Had a couple of odd plays (YRD 5->18 in 2016. XXII $.90->$3 in 2017. CGC $24->$40 2018. Shorted snap 2019. Speak mandarin and saw the pandemic happen in real time and shorted spy 2020) that pushed some years further ahead. Argument could be made that I bailed too soon on a lot of these, but pigs get slaughtered. Reading this all back honesty makes me sad. Was a college student with infinite time to peruse WSB and other subs. Used to read DD and then conduct my own to see if it was accurate or not. Found some real gems then and literally put me through college (the worst investment I made lol). Cheers to a market that I can profit off of again in 2022!
I personally think buying TLRY or any LP for US legalization is an illogical move. But I remember during the CGC/Acreage deal one of the company reps was saying that they believed SAFE would allow them entry without full federal legalization. Having said that, IMO TLRY and others aren't going to be able to afford much of anything in the way of US assets and what they do have lined will not go very far compared to the MSOs already operating in the space. I just don't get why anyone would invest in an LP for US legalization.
*Oklahoma has more marijuana than Colorado, Oregon and Washington* ***combined*** Imagine believing every stupid insignificant headline about marijuana will boost your TLRY/SNDL/CGC/etc bags when Oklahoma has more pot than the three states that legalized first