Daily Discussion Thread - January 12, 2026

Canopy, a company that burned 9 billion USD and whose revenue per share is down from $12 to $1 in 4 years, printed more than 200 million shares in the last 12 months, going from 129 million to 378 million shares. During this period, their market cap went up by no less than 30%.   You may reasonably ask yourself that if such a company still has access to this type of liquidity simply through the virtue of being a meme stock, perhaps the markets function of weeding out bad actors is broken. And yes, it is, which is why this sector is quite doomed. Bad companies do not go bankrupt in the cannabis sector. Instead they have access to infinite liquidity and linger forever to overcompensate their management and burn more cash. Many such cases. That is the primary problem with cannabis stocks.