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The legalization of cannabis was going to change the world. There are well over a dozen cannabis stocks that trade on US exchanges. These hype-and-hoopla stocks are another classic example of a rip-off of retail investors. Don’t ever buy stocks when you’re high is not financial advice here. And if you ever want to buy cannabis
So one of these hype-and-hoopla darlings – Canopy Growth Corp, a Canadian company, like so many cannabis outfits – reported its long delayed Q4 and full fiscal year earnings today. Reading their earnings report is probably even more fun when you’re high.
All amounts on Canopy Growth, except share price, are in Canadian dollars. Because the shares trade on the Nasdaq, the company has to file its financial reports with the SEC, which it did today:
https://wolfstreet.com/2023/06/22/how-can-a-company-lose-3-3-billion-on-402-million-in-revenues-cannabis-companies-show-how-as-their-shares-get-wiped-out/