Canopy Growth CEO on consolidating its assets into new holding company

Cramer spoke with Canopy Growth CEO David Klein on Tuesday. Sign up and learn more about the CNBC Investing Club with Jim Cramer cnb.cx/3Ei22n4
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[@kevinbernhardt3568]

Best thing I can say about $CGC… I sold it at $13. Cannabis is definitely in a bear market from hell, but there is a little light (for the MSOs) at the end of what seems like an endless tunnel. $CNBS doesn’t really trade, but if you want to invest in LPs and MSOs that works.

[@Viv8ldi]

Why did the shares fall like that?

[@Dinesh_779]

We a Expecting new interview with them

[@Knowledge.to_Come]

After this news canopy will have 1.2 billion in revenues (cad) across its holdings companies… current market cap only 2 billion? Should be at least 13CAD PER SHARE… and it will be after the deal

[@dragon.fromindia3235]

Sell them all bitcoins and equity stocks and all companies are going bankrupt

[@pierrebertrand3716]

just bought 13k shares at .40 cents , i feel bad

[@kevinbernhardt3568]

I just bought a few thousand shares too. If you’re like me and it’s more of a trade, look at the premiums on those weekly options that are .50. They consistently have a bid and trade. Even the $1 calls a couple weeks out have a bid… I’ll take over a 10% gain if it’s called away. At .03 that’s collecting almost 10% of the share price per contract sold… insane

[@TheophaneMaris]

@@kevinbernhardt3568update?

[@ralphbill9565]

This was an awesome company under Bruce Linton, before it got controlled by Constellation.

[@coreyaruecker]

It’s by far the worst company I’ve worked for. So dysfunctional and so far up it’s own ass. They are not smart people

[@Acquisition1913]

2018-2022 Catastrophe

[@dragon.fromindia3235]

Sell them all bitcoins and equity stocks and all companies are going bankrupt

[@Swifty150]

Previous ceo was a crook

[@Pathadar]

Excuse me LMAO do some research "The partial-year compensation for CEO David Klein was about $33.8 million (CA$45 million), including salary, bonus, stock options and other compensation, the Smiths Falls, Ontario-based company disclosed in its proxy statement released after the fiscal year ended March 31 2022" On a company that has a net loss of $230 million in Q2 of 2023.

[@coreyaruecker]

Current ceo is way way way worse

[@dragon.fromindia3235]

Sell them all bitcoins and equity stocks and all companies are going bankrupt