CAN CANOPY RECOVER?

A forest canopy, get it?

In an interview with Business Insider, Canopy Growth CEO David Klein said he’s aggressively cutting costs. The company seeks to recover from last quarter’s $1B+ loss.

• Klein, the former CFO at U.S. liquor company Constellation Brands, a major Canopy Investor, said the Canadian giant has “missed opportunities” and needs to better understand consumers.
• Analysts at investment bank Jefferies called that, “Probably the worst thing to hear from a market share leader…That is something that in our view should be addressed prior to legalization, not over a year into it.”
• A survey found Canopy-distributed (in Canada) Leafs by Snoop is the most recognizable cannabis brand.
  Green Market Report
• Analysts pointed to four pot stocks they like. Canopy isn’t among them. Business Insider also met the first psychedelics stock analyst, Eight Capital‘s Ammar Shah.

Deep Dive asked whether big alcohol and big tobacco are “bankrolling cannabis, or killing it?“

????WeedWeek Canada is the best way to follow Canada’s pot industry.