@ukuku out of interest, can anyone explain why #CanopyGrowth, ticker CGC, appears to be imploding in front of our very eyes (other than the fact that they don’t make any money, and that they just issued 24 million shares to pay off debtors?

All-time high: $59.25, October 16, 2018.

Yesterday’s close: $0.38, June 30, 2023.

Unfortunately, a lot of adventurous retail investors will have been burned badly by this.

Tough luck for the city of #SmithsFalls, Ontario; after #CanopyGrowth announces it's closing it's cannabis plant and laying off 800 workers. via #CBCNews

The plant was once the home of #Hersheys Canada chocolate operations.

https://www.cbc.ca/news/canada/ottawa/canopy-growth-smiths-falls-layoffs-finances-1.6742220

Le plus grand producteur de #cannabis au #Canada abolit 800 emplois. #CanopyGrowth https://ici.radio-canada.ca/nouvelle/1954804/smiths-falls-marijuana-restructuration-rentabilite-affaires?fromApp=appInfoIos&partageApp=appInfoiOS&accesVia=partage

Dozens of big companies headed by top-paid CEOs collected COVID-19 government benefits: report | CBC News https://bit.ly/332uziB #CCPA #CEOs #Pay #CanopyGrowth #RBI #cdnpoli