Tag: Constellation Brands
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Folks are shocked – SHOCKED – that Canopy Growth (WEED.T) lost the money it told you it was going to lose
Far be it for me to stand up for Canopy Growth Corp (WEED.T), a company that has only succeeded in one thing in its entire existence; convincing folks to buy its stock despite never having done anything else right. In recent quarters, and through three CEOs, Canopy has been pretty darn forthright that it was…
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Canopy Growth Corp (WEED.T) to detonate another $800m in assets in bid to find balance sheet harmony
There’s no doubt a lot of people invest in a sector by just plopping their dough behind whichever company is the biggest, or the one they’ve heard of most, without actually looking at the fundamentals of that company. This is as much a cemented belief for me as the belief that songs that get played…
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![Aurora Cannabis (ACB.T) comes out on top in Italian tender, but debt looms heavy]()
Aurora Cannabis (ACB.T) comes out on top in Italian tender, but debt looms heavy
Aurora Cannabis (ACB.T) has been named as the sole winner in the Italian medical cannabis tender process, an announcement tempered by worries over the company’s mounting debt and disappointing revenue. On July 18, Aurora fell 1.2% after Bank of America (BAC.NYSE) downgraded the stock’s rating to “neutral” from “buy.” Bank of America analyst, Chris Carey, described Aurora…
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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…
