Canopy Growth Cutting 800 Jobs in Canada
Canopy Growth Cutting 800 Jobs in Canada
Bruce Linton, founder and former CEO of Canopy Growth, joins BNN Bloomberg to give reaction to Canopy Growth’s latest quarterly earnings. The marijuana grower is cutting 800 jobs.
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bravo bruce! and…alot of their garbage went to beverahges, as opposed to actually growing good weed
I don’t see the CEO cutting his salary. He just milking everyone to the end. The stock used to be $40 and now is 1.40
Canopy doesn’t have strong brands. Nobody gets excited about Tweed, retailers aren’t going out of their way to recommend Canopy brands when customers ask what to get, and
while I don’t know about how strong their Quebec brand is (Vert), my general impression is that the various local growers that exist in each province are largely outcompeting them in their own space. Typically a big company can earn/retain share based on recognition as a reliable brand (e.g., a "safe" purchase that the customer will like) but Canopy has no real reputational advantage to speak of on the consumer side.
I hate the management at this company they are such terrible stewards of capital the board should fire these clowns.
Canopy’s problem is that they put volume over quality and grow mediocre pot.
Staff at the Tokyo Smoke retail outlets owned by Canopy won’t buy Canopy pot. The market prefers boutique producers of good quality weed.
In the past, most of the cost of marijuana was police risk. That’s gone. Selling weed is no longer about drugs (the original law was a pointless, nitwit mistake in the first place), it’s about tax and regulation – red tape. The huge margins that drew investors are gone.
Nobody cares anymore. Price has collapsed. Legal vendors have more expenses.
The hippies were right all along.
Smart guy but wtf happened to him? He looks totally different from a few years ago.
cough cough cough
Biggest problem is the illegal growers paying no taxes
Nature Boy in the cannabis fallout bunker with the flat line call. High times need low rates to compete with the street hustlers.
This guy sold a bag of hopes and dreams, and laughed all the way too the bank😆
I have the fix, I even tried helping them, they made fun of me, I told them they would be at 1.50 this quarter, I literally got laughed at a treated like shit. I feel so bad for them, told them what would happen and I got treated like I was Jesus and got crucified.