Tag: Bruce Linton
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Five distressed weed companies fired their CEOs – did it help? (OGI.T, ASNT.C, APHA.T, N.V, WEED.T)
Winning sports teams rarely fire their managers. Losing ones always do. Sometimes a new manager can reverse the fortunes of a losing team. Example: When $3.1 billion Manchester United fired its pompous toxic manager, Jose Mourinho, in December 2018, the club was in a woeful 6th place – having lost 45% of its games that season. After…
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Canopy (WEED.T) CEO termination letter reeks of weak Mexican beer
The king is dead. Long live the king. On July 2, 2019 Canopy Growth (WEED.T) announced that its long-time co-CEO Bruce Linton will “step down” from all positions and responsibility at the company. The strangely worded release advised shareholders that “Bruce Linton announced that Bruce will step down as co-CEO and Canopy Board member.” Mark…
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![Canopy Growth (CGC.NYSE) is losing $41 per second – does that matter?]()
Canopy Growth (CGC.NYSE) is losing $41 per second – does that matter?
Canopy Growth’s (CGC.NYSE) Q4, 2019 results reported a net loss of $323 million Canadian dollars. That’s $41 loss per second. $2,500 per minute. $150,000 per hour. $3.6 million dollars a day. By any reasonable measure, that’s heavy bleeding. Yes – cannabis is a frontier market. It’s so new, it’s still bathed in amniotic fluid. Eighteen…
