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Canopy Growth Corporation (CGC)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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2.8100-0.0400 (-1.40%)
At close: 04:00PM EDT
2.8400 +0.03 (+1.07%)
After hours: 07:59PM EDT
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  • J
    Do you guys follow ( It seems way better than all the spam on the CGC board - The alerts have been great!
  • R
    Rodgers Make Believe
    I'm buying because there's to much negative sentiment.
  • W
    ? Isn't STZ gaining more ownership of Canopy with these exchange deals or am I missing something?
  • v
    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
  • L
    buy and forget for 10 years Opportunity?
  • W
    So Constellation is going to acquire more of canopy at this beaten down price?
  • d
    After market…ugh
  • R
    Constellation Brands CEO Bill Newlands just talked about becoming the majority share holder in Canopy Growth. "We have been frustrated in underestimating the length of time, that it has taken for U.S. Federal legalization. CGC is lined up to be a huge winner with deals in several U.S. companies. Constellation sees this as a 50 Billion Dollar business with a Cannabis Market rising to a potential 100 Billion Dollar business." This is just a matter of time.
  • M
    Master Vader
    Didn’t Cramer used to like this one?
  • R
    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.
  • S
    give it a couple years. most of these cannabis companies will go under
  • B
    Constellation can get the canopy for nothing , bet was STZ shorting own call
  • a
    andrew romano
    now i understand why Bruce Linton left
  • M
    Master Yoda
    Canopy is at 2016 levels. Cash burning machine.
  • J
    Are we having fun yet?
  • U
    This quarter for my dividend can I just get sent a baggie of weed ?
  • P
    Off to Hawaii for the weekend
  • v
    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.
  • M
    $3.56 avg bought today 1250 shares
  • j
    Why should I not get $2.50 a share ? Is the lender more special than I?