Canopy Growth Corporation (WEED.DB) News

Funny :))))

huge scam .... be careful to sell , a day with dramatic drop is coming ...

You don’t have to buy it, let other people buy to make huge profit.

this stock is a scam ...

yesterday I went to weed store called Spiritleaf ( Ottawa ) and asked how popular are the products of CGC ... the answer was ... CGC products are not in demand ....

only smart players know that a black day is coming to CGC very soon .... and the price will drop in a dramatic fashion ...

Constellation Brands converts shares in cannabis operator Canopy, departs board
Weed investment money no longer yours

Beverage alcohol company Constellation Brands has converted its shares in Canadian cannabis company Canopy Growth Corp. into new exchangeable shares.

Constellation’s exchangeable shares may be converted back into Canopy common shares on a one-to-one basis, the companies announced Friday.

However, the two Constellation subsidiaries that now own the exchangeable shares don’t plan to convert them “until such time as the U.S. domestic sale of marijuana could not reasonably be expected to violate the Controlled Substances Act, the Civil Asset Forfeiture Reform Act (as it relates to violation of the Controlled Substances Act), and all related applicable anti-money laundering laws,” Constellation said in a news release.

The three remaining Constellation nominees to Canopy’s board have all resigned as part of the deal, and Constellation “no longer holds any governance rights in relation to Canopy Growth,” Canopy noted in its release.

Promissory note forgiven
Constellation subsidiary Greenstar Canada Investment Limited Partnership has also canceled and forgiven a promissory note to Canopy with principal worth 100 million Canadian dollars ($72.8 million), converting CA$81.2 million of the principal into shares and forgiving the remaining principal and interest.

Smiths Falls, Ontario-based Canopy said it now has CA$100 million less debt on its balance sheet.

“While we remain supportive of Canopy’s strategy, this transaction is expected to eliminate the impact to our equity in earnings and is aligned to our intent to not deploy additional investment in Canopy,” Constellation President and CEO Bill Newlands said in a statement.

Constellation’s move comes days after Canopy shareholders approved the creation of the exchangeable shares as part of a plan to create the company’s U.S.-domiciled holding company Canopy USA, which is meant to acquire Canopy’s existing U.S. cannabis assets.

“We look forward to maintaining an enduring positive relationship with (Constellation) as our largest shareholder, and to the further advancement of the Canopy USA strategy that this change enables as Canopy USA moves forward with the acquisitions of Wana, Jetty and Acreage,” Canopy CEO David Klein, a former Constellation executive, said in a statement.

Constellation-Canopy history
Constellation originally invested in Canopy in 2017, taking a 9.9% stake.

The Victor, New York-based alcohol company poured an unprecedented CA$5 billion into Canopy in 2018, acquiring more shares in a deal in which Constellation received board seats and warrants that could have boosted its stake in Canopy to more than 50%.

Constellation exercised some of those warrants in 2020.

By 2022, however, Constellation said it did not plan to invest any more capital in the Canadian cannabis operator.

Constellation allowed its warrants to purchase additional Canopy shares to expire last November.

Canopy’s latest quarterly net loss was CA$216.7 million, with net revenue of CA$78.5 million.

Shares of Canopy trade on the Nasdaq as CGC and on the Toronto Stock Exchange as WEED.

Constellation trades as STZ on the New York Stock Exchange.

https://mjbizdaily.com/constellation-brands-converts-shares-in-cannabis-operator-canopy-departs-board/

scam ... it is time for officials to investigate .... a lot of people lose money , some involved - make

I took profit. It's now tanking like I said it would. It's all talk. Show me the $$$$$

now , this stock is a scam ...

I took my 20% profit. That's enough for me today. Actions speak louder than words.

do we see the price of $7 by the end of the week ? ... great chance , do you know what to do ?

Just realized ACB is almost the same price as this now. Wow.

I don't think people understand how big of a deal marijuana is in the US. They absolutely do not want to legalize it federally because of big pharma and oil who own the politicians. Remember our drugs are petroleum based. Legalization opens people's eyes to herbal remedies and that will trickle into other areas of medicine and cost billions for big pharma. It ain't gonna happen

David Klein can say all kind of fantasy .... the fact is CGC , for number of reasons , is going into black hole ,

Notably, Klein added that Canopy is "cautiously optimistic" that the federal government will reclassify cannabis from Schedule 1 to Schedule 3. If so, the move could boost cash flow for Canopy's U.S. assets, Wana Brands, Jetty Extracts and Acreage. Plus, having these assets under the Canopy USA umbrella "is expected to generate revenue and cost synergies."

Does this mean they are dissolving the Canadian arm of the company and basically putting all focus on the US? I have yet to see the assets that belong to the separate companies. Or is Canada being shut down and they are only operating in the US going forward? New territory here for sure!

Sounds good, I like it.

The exchangeable shares will not carry voting rights or rights to receive dividends or other rights upon dissolution of Canopy Growth but will be convertible into shares.

A total of 32,250,578 common shares of Canopy, representing 35.40% of the issued and outstanding shares, were voted in connection with the meeting by the company’s shareholders and proxy holders.

See also: Canopy Growth Enters US Market: What’s Next For The Innovative Cannabis Brand?

Why It Matters
The move enables the acceleration of Canopy Growth’s entry into the U.S. THC market, which is forecasted to reach roughly $50 billion in 2026, the company said on Monday in a press release.

“With this successful shareholder vote complete, our Canopy USA strategy is advancing and is poised to make Canopy the first and only U.S. listed cannabis company offering shareholders unique exposure to the rapid growth of the U.S. cannabis market,” said David Klein, Canopy Growth's CEO who launched Canopy USA in 2022.

The strike will now be used as an excuse to stop the weed legalization talk. It's a distraction from popular issues like banning free speech(Tik Tok) and other issues as well. I think this is a ll a hoax since no one was injured. The strike is real but they knew the iron dome would stop it. They probably used a bunch of old drones that were going to be scrapped anyway.

Fairy tales are for teaching life lessons. They are not literal. You have been indoctrinated by misguided people. Normally I would not care but their activities are actively causing harm. Which layer of the earth’s surface did they look for this lunar dust? Science is real it is always updating when theories are disproven. The made up religions are only modified when the rich want a rewrite. The earth is billions of years old, the earth is round, cannabis has been used as a medicine for likely thousands of yers before it was written about in a chinese formulary 8,000 years ago. Time to legalize it. I will not touch Canopy until I know exactly what assets go with each branch of the company if at all. It was good to me once, just check in for old time’s sake

lol yes in " biblical years " https://science.howstuffworks.com/how-old-is-earth.htm a dude named adam & a chick named eve magically appeared & every human species evolved from a white dude & a white chick right ? lol . everything you think you know has been a lie .

the price fluctuates like crazy , this is a bad sign , the same day we see 10% up ...and than 10% down , pure manipulation , when the price goes steady up with some , little drops ( people take profit ) - you can sleep well , we do not see this , we will see soon dramatic drop in one day , read my lips - boys and girls ...

you smoke too much ...

I can't day trade due to lack of funds in account so these spikes fo nothing for me. Oh well.

Moon market got this one wrong. He went in $10,000 in the $9 range. It just went straight down

Actually the earth is only 10,000 years old. This was proved by lack of build up of lunar dust. It's buried in a science journal somewhere. And if you trace the Bible back to the creation and to Adam and Eve it's 10,000 years. Everything you think you know has been a lie

New York
CNN
—
The number of publicly traded companies in the United States is shrinking. Jamie Dimon, one of the world’s most influential business leaders, is worried.

actually , mother nature created cannabis . it was on earth prior to man , which also means , the concept of a god had not yet been created . man created the idea / concept of a god . which was followed by the creation of religions . gods don't write . humans do . man created & wrote the bible . this all was necessary to achieve something known as civility . which in turn , allows the human race to exist / advance . but yes , man also worships governance .

I recommend too ALL American's too search Canadian legalization News, You will learn whats going on here.
This happened before legal in Canada, The Government and law enforcement raided, arrested, and shutdown all unregulated dispensaries including medical, so CEOs could license first.

God created marijuana. Had nothing to do with Christianity. Keep searching. The answers are only found in one place. The bible. Start with Proverbs.

https://www.marijuanamoment.net/federal-officials-are-suddenly-seizing-marijuana-from-state-licensed-businesses-leaving-industry-perplexed/

This guy does a good job covering the space. Many questions about what the deal means

The world is moving on, with or without the USA. They have nobody to blame but themselves. I never in my wildest dreams believed I would see Germany legalize before the US. Most of my cannabis stocks are not american. Better opportunities elsewhere

The abusive and malicious laws were put in place practically over night. They can repealed as quickly. Time to stop the charade and feed the for profit prison system another way. Maybe rapey white men and politicians who are treasonous? Better yet, America needs to stop using slaves. That is what the American prison system is. Legislated slavery. Time to grow up. This whole situation was put in place to be able to abuse hippies and poc. Reverse the shameful choices of the past. Do not double down on them.

Seem like they make dilutions again; Amendment Proposal“), in order to: (i) create and authorize the issuance of an unlimited number of a new class of non-voting and non-participating exchangeable shares in the capital of Canopy Growth
https://www.canopygrowth.com/investors/news-releases/canopy-growth-announces-details-regarding-converting-into-exchangeable-shares-2/

the obvious , most sane , logical perspective . unfortunately , hypocrisy must be maintained in that , those with political power that oppose freedom , will never rally around reactivating alcohol prohibition as they should if they oppose cannabis legalization . this movement of cannabis gaining support is also resulting in christianity losing potential sheep to brainwash because some people are realizing that religion shouldn't have the power to restrict certain freedoms as it has for so long . see Ron DeSantis .

" Earnings Summary
Look out for CGC's next earnings release expected on June 27, 2024. For the next earning release, we expect the company to report earnings of -$0.69 per share "
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it looks gleam ...

scam ?

No CGC board? Bought the Oct 10 calls here yesterday! CGC, not weed

True, HAHAHA

You talk out of Both sides of your Rear end ....I see your Priority Clearly . Thanks for your Honesty.

When the weed stocks begins the market day by going green, you have to know it is a fool's trap

I'd say it's over. Slow painful drop back to $2 in my opinion. This company and all others will never turn a profit until it's treated like alcohol. And that will never happen because weak minded people who are afraid of themselves will always keep it illegal. They are afraid to smoke a hot off a joint because they are afraid of whats inside their heads.

Weed stocks will tank tomorrow in my opinion. All catalysts done now. All hype over. DEA will never reschedule MJ. That's how they make a living. This was fun while it lasted. Back to AI.

Agree as well , however it is going to take Years to get to Federal Legal.....
It takes Congress forever to get Anything done . [both sides]
To deschedule would be WAY to Big a move .
Joe isn't even an Advocate anyway . It's about the Votes .
To me Schedule 3 is another Baby step Towards Full Legal ; Eventually ....

" Canopy Gwth: Stocks Overvalued by Analyst Consensus on TSX (WEED) "
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do you know what to do ?

agree .... 100%

That is why the best thing is to legalize it completely and treat it like alcohol. A substance far more harmful than the plant. The ruse is being shown for what it is. American cannabis advocates need to call their senators and congressmen and tell them to stop the nonsense and get with the 21st century. Schedule3 will make it even worse. I am good either way, actually the longer the US takes the more time I have to collect shares.

sell .... this is the only option , this price will not last long , do you know what to do ? ... if yes - tell me what ,