Canopy Growth Corporation (WEED.T) is a prime example of everything that is wrong with the legal cannabis market. When passions were high and expectations were wildly out of sync with reality in late 2018 as the Canadian government legalized the once black-market-only commodity, companies like Canopy monopolized, grew fat on ridiculous promise and consumed all around them with the express purpose of becoming a global legal cannabis juggernaut.
When the company was bought up by Constellation Brands, that promise grew even larger, however, Canopy failed miserably at achieving its aim. Now that the wind has left the legal cannabis sector’s sails and reality is taking a huge bite out of near criminal valuations, Canopy hangs like a rotting fruit from Constellation’s corporate branch.
Equity Guru founder, Chris Parry, pulls apart Canopy’s feted carcass and details the trials, tribulations and the monolithic stupidity that led to the cannabis company’s demise. Will Constellation be able to pull this legal cannabis farce out of the fire and should investors care?
Canopy Growth Corporation (WEED.T) dumpster fire continues to burn – Daily Rant with Chris Parry
Canopy Growth Corporation (WEED.T) is a prime example of everything that is wrong with the legal cannabis market. When passions were high and expectations were wildly out of sync with reality in late 2018 as the Canadian government legalized the once black-market-only commodity, companies like Canopy monopolized, grew fat on ridiculous promise and consumed all around them with the express purpose of becoming a global legal cannabis juggernaut.
When the company was bought up by Constellation Brands, that promise grew even larger, however, Canopy failed miserably at achieving its aim. Now that the wind has left the legal cannabis sector’s sails and reality is taking a huge bite out of near criminal valuations, Canopy hangs like a rotting fruit from Constellation’s corporate branch.
Equity Guru founder, Chris Parry, pulls apart Canopy’s feted carcass and details the trials, tribulations and the monolithic stupidity that led to the cannabis company’s demise. Will Constellation be able to pull this legal cannabis farce out of the fire and should investors care?
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