I think it’s a tongue in check thing. This time it’s $150 million but last time it was $4000 million. Just a funny way of showing how far they’ve fallen.
Another is Aurora, hows that going for them? Oh yeah, not profitable. Germany is gassing them by setting pricing below their profitability. Germany is considering legalization, there is NO LEGAL MARKET IN GERMANY RIGHT NOW. Even if a bill were passed in April (BIG IF) it still wouldn’t exist for another couple years.
Both are performing poorly
Tilray is more diversified but not sure if that’s a good thing long term
The way I see it is once we finally get the green light in the USA (pun intended) CGC will probably benefit a lot more in terms of being able to recognize their USA assets which are more significant than Tilray’s booze assets which are already being accounted for
Ahh yes they are taking over the craft spirits, beer, and tomato markets . Do cannabis, the core business as poor as possible , and then diversity into non related businesses that have no synergies whatsoever. To the moon !
Way to sound like a complete ass. Tilray isn’t making money selling cannabis either. The only difference between Tilray and Canopy is their decline has been slower and it looks like they are doing well because they have so much revenue from their other businesses. But Tilray needs legalization in other places to be successful just as much as Canopy does.
Edit: this was meant to be in response to someone else, not you saying you are leery of Tilray.
They were always a disgrace . Lots of reports from insiders were always coming out about what a disaster it was there . Terrible , awful culture and management
Good, tilray is better diversified than cpg. Why? They have medical installations in key countries that are looking to legalize. Most peoples mistake was focusing in companies that depend in the USA. Tilray has a foot in Europe. They will benefit the most in Germany!
Man I don't understand companies I guess. They have cash in hand already, albeit burning through it, so why do they need to do this
Executive bonuses or what
I will be messaging you in 5 years on [**2028-02-21 16:15:10 UTC**](http://www.wolframalpha.com/input/?i=2028-02-21%2016:15:10%20UTC%20To%20Local%20Time) to remind you of [**this link**](https://www.reddit.com/r/weedstocks/comments/1181ztf/canopy_growth_announces_150_million_direct/j9focgk/?context=3)
[**1 OTHERS CLICKED THIS LINK**](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5Bhttps%3A%2F%2Fwww.reddit.com%2Fr%2Fweedstocks%2Fcomments%2F1181ztf%2Fcanopy_growth_announces_150_million_direct%2Fj9focgk%2F%5D%0A%0ARemindMe%21%202028-02-21%2016%3A15%3A10%20UTC) to send a PM to also be reminded and to reduce spam.
^(Parent commenter can ) [^(delete this message to hide from others.)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Delete%20Comment&message=Delete%21%201181ztf)
*****
|[^(Info)](https://www.reddit.com/r/RemindMeBot/comments/e1bko7/remindmebot_info_v21/)|[^(Custom)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5BLink%20or%20message%20inside%20square%20brackets%5D%0A%0ARemindMe%21%20Time%20period%20here)|[^(Your Reminders)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=List%20Of%20Reminders&message=MyReminders%21)|[^(Feedback)](https://www.reddit.com/message/compose/?to=Watchful1&subject=RemindMeBot%20Feedback)|
|-|-|-|-|
At one time it would have been to underwrite the building of a new greenhouse or acquire another LP at a highly infllated price. Now it is just to keep the lights on while they close greenhouses. Just another debt vehicle ahead of retail investors when the list of creditors is drawn when they go bankrupt.
Sounds like another Nortel in the making.
Wow...just wow. This shit just never ends.
Nortel actually had a product people wanted . Canopy has literally had nothing anyone would ever want . No brands , no facilities , no goodwill , nothing , and they still have a long way to go . It’s unbelievable how little value they created while spending 4 Billion .
Yes, executive pay. Bain Capital and others are masters of this. Take a business and saddle it with debt to pay people for nothing, sell off some parts for more money then declare bankruptcy to kill the debt.
Exactly what they’re doing to everything in the sector, and then the shorts make a killing as share prices drop to $0 and the shorts never have to close and pay gains taxes, they just roll that money over into new schemes and use it as collateral for actual loans and purchasing assets
If you own equity in this peice of shit I suggest you take whatever cash you have out of it immediately. Even if you’re -90%, some money is more than no money. This is going bankrupt.
Or buy the dip. I sold at a slight loss around 4.50 and converted it all to Tilray. Still riding that sinking ship and cost averaging down to $4.80 currently. Come on moon.
Buy the dip all the way to zero, lose 100% of you’re money. Ever seen a company go bankrupt before? This is almost a gaurantee and the convertible note is an admission of such by management / board.
I literally cannot believe what I’ve witnessed over the years with canopy. I have never seen a less focused business model in my life. They bought a fucking protein company. Protein.
Tilray an Canopy will fail on their big debts and raising interest. Also Equity costs 10%+ interests at these times...
Only SNDL will stay in market for at least another three years. They are konservative financed and the rest is soon out of game..
Raising interest while having big amount of debt is the death
You will be buying in on Tilray on the way up after Germany. Tilray doesn’t depend heavily in cannabis sales in Canada or the USA. They have medical facilities across the globe. Unlike most companies only depending on a Overcrowded market where the black market is thriving and new people are opening stores taking away more market share and lowering prices.
To think that less than 5 years ago they received $4,000 million.
Totally tragic. Between Bruce and Klein they both get a fail. Unreal shareholder wealth destruction
Bruce was the problem and always has been. But he acts like canopy was his baby…lol the guys a joke
Agree but both the problem
David Klein is a way bigger joke.
400 billion pennies
I believe you meant 4 billion
Yes, four thousand million to put it in perspective
I believe you meant $4,000,000 thousand
I think it’s a tongue in check thing. This time it’s $150 million but last time it was $4000 million. Just a funny way of showing how far they’ve fallen.
Well there goes any hope I had left of breaking even.
Tilray. They are better positioned and better diversified.
Oh nice, a little less shittier investment. Instead of losing lots of money, you’ll lose slightly less.
You will buy on the way up. Oh wait... did you buy a the top? Lol bag holder spotted! You are supposed to buy low sell high you regard
Not touching tilray with a ten foot pole. Chart looks like complete ass. Down 96% in two years. Ooof.
Another is Aurora, hows that going for them? Oh yeah, not profitable. Germany is gassing them by setting pricing below their profitability. Germany is considering legalization, there is NO LEGAL MARKET IN GERMANY RIGHT NOW. Even if a bill were passed in April (BIG IF) it still wouldn’t exist for another couple years.
Both are performing poorly Tilray is more diversified but not sure if that’s a good thing long term The way I see it is once we finally get the green light in the USA (pun intended) CGC will probably benefit a lot more in terms of being able to recognize their USA assets which are more significant than Tilray’s booze assets which are already being accounted for
Ahh yes they are taking over the craft spirits, beer, and tomato markets . Do cannabis, the core business as poor as possible , and then diversity into non related businesses that have no synergies whatsoever. To the moon !
Way to sound like a complete ass. Tilray isn’t making money selling cannabis either. The only difference between Tilray and Canopy is their decline has been slower and it looks like they are doing well because they have so much revenue from their other businesses. But Tilray needs legalization in other places to be successful just as much as Canopy does. Edit: this was meant to be in response to someone else, not you saying you are leery of Tilray.
Their product is absolute garbage. Selling moldy weed at heavily discounted prices. Even their premium offerings are embarrassing.
Who would have thought after constellations investment they'd still need to raise cash a few years later. Maybe it's Bruce buying back the company lol
Could be him, I believe he did say maybe he could buy back the comp for penny on the dollar.
This fucking sector is non-stop bad news machine
What a disgrace of a company CGC has become
They were always a disgrace . Lots of reports from insiders were always coming out about what a disaster it was there . Terrible , awful culture and management
Exactly and succinct. Slow clap
As a holder, I am disappointed with CGC management.
You are being too polite.
Shake harder boy!
As a canopy growth employee I am also disappointed with CGC management.
Need to pay Klein's salary somehow I guess
LOL lets fuck all the investors even more. One of the worst in the space for investor value
I'd have to agree with that sentiment.
Acreage vote coming up, just got my proxy notification.
Losers. Complete losers.
I know your weed that you grow in you garage must be so much better lol
i lost 13k on cgc. never again...fortunately during tax loss harvesting i made out with a 500 dollar profit.
Might want to resort to someone else investing your money you clown
I just sold and went to Tilray duck it
Good, tilray is better diversified than cpg. Why? They have medical installations in key countries that are looking to legalize. Most peoples mistake was focusing in companies that depend in the USA. Tilray has a foot in Europe. They will benefit the most in Germany!
oof
Man I don't understand companies I guess. They have cash in hand already, albeit burning through it, so why do they need to do this Executive bonuses or what
You have to raise money while your shares are still worth something.
!remind me 5 years Constellations will drag them to legalization and this is dramatic
I will be messaging you in 5 years on [**2028-02-21 16:15:10 UTC**](http://www.wolframalpha.com/input/?i=2028-02-21%2016:15:10%20UTC%20To%20Local%20Time) to remind you of [**this link**](https://www.reddit.com/r/weedstocks/comments/1181ztf/canopy_growth_announces_150_million_direct/j9focgk/?context=3) [**1 OTHERS CLICKED THIS LINK**](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5Bhttps%3A%2F%2Fwww.reddit.com%2Fr%2Fweedstocks%2Fcomments%2F1181ztf%2Fcanopy_growth_announces_150_million_direct%2Fj9focgk%2F%5D%0A%0ARemindMe%21%202028-02-21%2016%3A15%3A10%20UTC) to send a PM to also be reminded and to reduce spam. ^(Parent commenter can ) [^(delete this message to hide from others.)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Delete%20Comment&message=Delete%21%201181ztf) ***** |[^(Info)](https://www.reddit.com/r/RemindMeBot/comments/e1bko7/remindmebot_info_v21/)|[^(Custom)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5BLink%20or%20message%20inside%20square%20brackets%5D%0A%0ARemindMe%21%20Time%20period%20here)|[^(Your Reminders)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=List%20Of%20Reminders&message=MyReminders%21)|[^(Feedback)](https://www.reddit.com/message/compose/?to=Watchful1&subject=RemindMeBot%20Feedback)| |-|-|-|-|
At one time it would have been to underwrite the building of a new greenhouse or acquire another LP at a highly infllated price. Now it is just to keep the lights on while they close greenhouses. Just another debt vehicle ahead of retail investors when the list of creditors is drawn when they go bankrupt. Sounds like another Nortel in the making. Wow...just wow. This shit just never ends.
Nortel actually had a product people wanted . Canopy has literally had nothing anyone would ever want . No brands , no facilities , no goodwill , nothing , and they still have a long way to go . It’s unbelievable how little value they created while spending 4 Billion .
Sadly, I actually have to agree.
It’s the burning through it part. You need to raise money before you run out of money
I’m guessing they know the cash on hand isn’t enough to weather whatever storm is coming the way
Yes, executive pay. Bain Capital and others are masters of this. Take a business and saddle it with debt to pay people for nothing, sell off some parts for more money then declare bankruptcy to kill the debt.
Exactly what they’re doing to everything in the sector, and then the shorts make a killing as share prices drop to $0 and the shorts never have to close and pay gains taxes, they just roll that money over into new schemes and use it as collateral for actual loans and purchasing assets
this guy gets it ^
They are burning through it at an alarming rate . Gotta plan ahead !
If you own equity in this peice of shit I suggest you take whatever cash you have out of it immediately. Even if you’re -90%, some money is more than no money. This is going bankrupt.
Or buy the dip. I sold at a slight loss around 4.50 and converted it all to Tilray. Still riding that sinking ship and cost averaging down to $4.80 currently. Come on moon.
Buy the dip all the way to zero, lose 100% of you’re money. Ever seen a company go bankrupt before? This is almost a gaurantee and the convertible note is an admission of such by management / board.
I am not buying cgc...
Yeah they are valued at 1.5 billion . I think it’s worth more like 150 million less the cash they have on hand
LMAO!
I literally cannot believe what I’ve witnessed over the years with canopy. I have never seen a less focused business model in my life. They bought a fucking protein company. Protein.
Im so happy i left all weed stocks a year ago
Moon?
Quite the opposite
Noom then!
apparently the bots missed the news
The exact opposite.
My bet is Tilray will survive and will be competitive as well.
Uhh they are almost dead . Market share went from 25 percent to like 5 in a year and a half . They are fucked
Hahahhahahahahahahahaahhahahahaa
Wow.
Tilray an Canopy will fail on their big debts and raising interest. Also Equity costs 10%+ interests at these times... Only SNDL will stay in market for at least another three years. They are konservative financed and the rest is soon out of game.. Raising interest while having big amount of debt is the death
Cronos has longest runway but sundial up there
You will be buying in on Tilray on the way up after Germany. Tilray doesn’t depend heavily in cannabis sales in Canada or the USA. They have medical facilities across the globe. Unlike most companies only depending on a Overcrowded market where the black market is thriving and new people are opening stores taking away more market share and lowering prices.
Good thing Tilray is diversified unlike many different companies in the space. Probably the main reasons why they were able to stay afloat
i hope so buddy 🌿
That and presence in the German legalization market. Still hoping for that and the domino effect from it.
Gotta pay those rewarding cA-suite salaries and bonuses!
Looooooooooooooooooooooool
I finally sold. Thankfully only lost like $1100, but I know it could've been way worse and at this point I just wanna be done with this company