CGC

Canopy Growth Corp

Consumer


Presented:02/22/2019
Price:$44.54
Cap:$15.28B
Current Price:$4.13
Cap:$0.35B

Presented

Date02/22/2019
Price$44.54
Market Cap$15.28B
Ent Value$5.59B
P/E RatioN/A
Book Value$15.81
Div Yield0%
Shares O/S343.03M
Ave Daily Vol9,448,181
Short IntN/A

Current

Price$4.13
Market Cap$0.35B
Canopy Growth Corp. engages in the production and sale of medical cannabis. The company offers products including oils and concentrates, soft gel capsules, and hemp. It focuses on the treatment of chronic pain, seizures, muscle spasms, nausea, and loss of appetite. The company was founded by Bruce Linton on August 5, 2009 and is headquartered in Smith Falls, Canada.

Publicly traded companies mentioned herein: Aphria Inc (APHA; APHA CN), Aurora Cannabis Inc (ACB; ACB CN), Canopy Growth Corp (CGC; WEED CN), Constellation Brands Inc (STZ)

Highlights

The presenter’s assessment of the marijuana market in Canada has led to the conclusions that the real total addressable market (TAM) for the larger Canadian cannabis companies is only the Canadian market, wholesale prices are most likely heading lower as supply rises, and there is meaningful downside risk for the stocks of companies like Canopy Growth (CGC), Aurora (ACB), and Aphria (APHA), among others. Given a low cost of borrow and the curious nature of Constellation Brands’ investment in the company, a short position in CGC is his preferred way to play the theme.

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Idea Discussion

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