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David Klein On Canopy Growth’s Rightsizing, Earnings Report

By Shadd Dales On Feb 12, 2024

Welcome to another TDR Cannabis Exclusive interview. Cannabis earnings season is always exciting, and the latest to release their report is Canopy Growth Corporation (NASDAQ: CGC). Today we’re talking to David Klein, the CEO of Canopy Growth, who believes his company is getting on the right path. We’ll be looking at the earnings report, performance, and strategy going forward.

Canopy Growth has undergone some significant restructuring in the last 6 months, also divesting non-aligned businesses along the way including This Works in December, 2023. David Klein believes that Canopy being 100% cannabis focused and rightsizing their footprint will help them pave the way to sustainable operating profit and position Canopy to capitalize on what might be “the greatest consumer trend of our lifetime.”

Kicking off the interview, we talk about Canopy’s entry into the hotly contested US market. David Klein explains some of the expansion plans and branding strategy that he feels will help Canopy stand out.

Canopy Growth was an early mover in the Canadian cannabis market. When comparing the Canadian cannabis market to the US one, the economics are very different. We’ll give some insight into Canopy Growth’s strategy for US expansion following a critical shareholder vote.

David Klein says that in talking to the American operators, it’s clear that the US is “where you want to be.” Taking a look at some of the market dynamics, we’ll discuss the economic and regulatory differences between the US and Canadian cannabis markets.

Beyond growing Canopy’s footprint in the US, and focusing on legacy brands and strategic acquisitions, are their plans for international expansion beyond North America? The answer is yes. We’ll talk a bit about plans for leveraging Canadian cannabis internationally.

We’ll also take a dive into Canopy’s transformation. David Klein reflects on past challenges and changes within Canopy Growth. And don’t miss the key takeaways from Canopy Growth’s latest earnings report and what investors should watch out for. This and more on this TDR Cannabis Exclusive interview with David Klein!

cannabis canopy growth David Klein

Shadd Dales is the Founder and President of The Dales Report and has an extensive background in the business media industry.

His work translates into over 15 years in mainstream media that included roles with BNN Bloomberg, CTV Properties and the iHeart Radio Network.

Shadd is considered one of the leading on air talents in both the cannabis and psychedelic space and has interviewed some of the most notable CEO names in the industry.

Shadd’s vision is to establish a content platform that is equivalent to a mainstream broadcast produced in a format that is relevant for today’s investor.