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Canopy Growth Corporation (WEED.TO)

Toronto - Toronto Real-time price. Currency in CAD
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3.6600-0.8300 (-18.49%)
At close: 03:59PM EDT
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  • S
    Schuiteman
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  • M
    Master Yoda
    Canopy is at 2016 levels. Cash burning machine.
  • Y
    Yatteau
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  • d
    david
    After market…ugh
  • v
    vernon
    I've never seen the stock of an entire industry destroyed like the cannabis industry & it seems like the only people aware of it are the stockholders. This has definitely been an education, something I would have never even imagined seeing trulieve trading in the $11.'s after hitting the $50's
  • R
    Rodgers Make Believe
    Well I took advantage and got my average under $5.
  • U
    UncleRemus
    This quarter for my dividend can I just get sent a baggie of weed ?
  • M
    Master Vader
    Didn’t Cramer used to like this one?
  • d
    d
    From $75 to $3.50 wow
  • W
    Wiley
    So Constellation is going to acquire more of canopy at this beaten down price?
  • R
    Robert
    Today Canopy Growth took steps to deal with their C$600/M dollar senior note that’s due for payment on July 15, 2023. Canopy will be issuing a min. of 56,003,074 shares to a max. of 78,494,205 shares at a price between $2.50 and $3.50 per share based on a agreed upon method. This will take care of C$252.8/M of the debt with the balance being paid in cash on or before July 15, 2023. The positive is it keeps C$252.8/M on the balance sheet, the negative it dilutes the share count up to the final amount. The final share count will be announced on or around July 18, 2022.
  • J
    JR
    Are we having fun yet?
  • B
    Bredd
    Constellation can get the canopy for nothing , bet was STZ shorting own stocks...best call
  • R
    Rodgers Make Believe
    I'm buying here. Stz just gave us a bottom.
  • v
    vernon
    This purchase is likely a positive for Canopy with Constellation ending up owning more than 30% of outstanding shares will make them the superior shareholder & likely becoming the "parent" company with Canopy as a subsidiary. Constellation is listed on the NYSE, while Canopy would no longer trade on the OTC, since it would essentially cease to exist, a very big plus for Canopy shareholders. at least, thats th way it appears at the moment.
  • L
    LCJR
    This is actually a great time ti buy the stock or average down.
    This is a lottery ticket.
    Now that a good part of the debt will be converted into common stock.
    STZ has a vested interest in the company surviving.
  • P
    Pro-MJ
    Today does not look good given the "dilution" news...this could get to the US low $2's/$1's range before EOY...Wow.
  • P
    Paul
    Off to Hawaii for the weekend
  • R
    Rodgers Make Believe
    At least our averages will be alot lower buying down here
  • N
    Nickelndime
    STZ is buying 198 million dollars of CGC at a price between 2.50 and 3.50 that kind of transaction will move it closer to the cheaper price. Naturally. It is NOT being diluted. More like putting in a floor. Stay vigilant 😎