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Earlier this morning, Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) reported third quarter financial results and the stock dropped more than 15% on the announcement. During the last year, Canopy Growth has been under considerable pressure and the stock has been punished as a result. We believe the business faces…

During the last year, we have consistently covered how research analysts at broker-dealers have been lowering price targets and ratings on Canadian Licensed Producers (LPs).  These changes have been primarily related to lowering sales expectations, shirking profit margins, and rising net losses. In the near future, we do not expect…

Although the market responded favorably to Canopy Growth’s (TSX: WEED) (Nasdaq: CGC) third-quarter earnings report, three broker-dealers issued lower price targets on the Canadian Licensed Producer (LP).  During the quarter, Canopy Growth reported $141 million of revenue, a $67 million adjusted EBITDA loss, and a $115 million net loss. When compared to the…

Earlier this week, Canopy Growth Corporation (TSX: WEED) (Nasdaq: CGC) reported third quarter financial results and received a favorable reaction from the market.  Although the leading Canadian Licensed Producer (LP) reported lower revenue when compared to the same period last year, we believe the management team is executing on a…

During the last quarter, several Canadian and Wall Street firms lowered their price targets on leading North America cannabis businesses.  After we analyzed the most recent price target changes on certain Canadian Licensed Producers (LPs), we determined that the size of price target cuts (from a percentage standpoint) by broker-dealers…

Although recreational cannabis has been legal in Canada for three years, the market continues to face challenges.  Municipal bans on cannabis brick-and-mortar retailers in Canadian provinces have slowed down the growth of the industry by forcing consumers to drive long distances to municipalities that have a large number of cannabis…

A tectonic shift is taking place in the cannabis industry and we expect the trend to have a major impact on operators that are levered to it.  During the last month, we have analyzed the last two years of quarterly financial reports that were released by high-profile Canadian Licensed Producers…

Canopy Growth Corporation (TSX: WEED) (Nasdaq: CGC) was once considered to be the darling of the cannabis industry and was valued at more than C$15 billion earlier this year (based on market capitalization).  Following a strong start to the year, Canopy Growth has come under heavy pressure and is currently…

With less than a month left in 2021, we have become highly focused on the trends that are expected to become more significant in 2022.  From Southeast Asia to Latin America, legal cannabis markets are popping up all over the world and we expect this trend to continue in the…

The Canadian cannabis industry has been one of the greatest beneficiaries of the US SAFE Banking Act not being included in the National Defense Authorization Act (NDAA) and we have been surprised by the recent trend.  After the bill was not included in the NDAA, Canadian Licensed Producers (LPs) have…