The dark side
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
This is nice to hear coming out of High times.
"Tweed, probably the most recognized marijuana production brand in the world, completed its state-of-the art cannabis breeding facility as part of its Smiths Falls, Ontario headquarters."
I hope we get a pleasant surprise from Germany. Also wondering when those 4500 patients added in one month come into the financials. Expecting just under 9 million and hoping to be pleasantly surprised.
Also just saw Trump kiss a baby and call it a future construction worker. lol
Run down of the order numbers brings us to 8.7 million plus whatever the Germany deal does and other sales of Merchandise, wholesale ect I think we're looking at over 9 million with a surprise higher rev from Germany possible.
Incredibly hard to predict these days and I was low last quarter by quite a lot not sure why yet but maybe wholesale. Germany should add rev too but have no idea how much.
I feel it's solid because the Goldman group owns 3.7 million shares 3.2% of Canopy plus the ceo of goldman sits on the board.
It also mentioned in the news release that they are global and will help with international expansion. Canopy won't have to spend a penny upfront that frees up tremendous cash flow.
The warehouses I'm sure are built already just waiting to be made into grow rooms.
Agreed this fast timeline to legal sales only helps Canopy. That Goldman deal was unbelievable, they have an ability to scale that no other company has. They've had that Goldman guy on the board for a reason the vision of their management is unmatched. I believe this deal added tremendous value to this company that isn't being reflected in their stock price at all... yet . They have the ability to push for a huge market share and their nearest competition will be lucky to scale to the size canopy is today.
http://www.cbc.ca/beta/news/canada/ottawa/ottawa-medical-marijuana-pot-shop-investigation-legalization-risks-1.3835428
These people are just getting laughable a this point.
A knife point robbery didn't do it. Neither did a truck crashing through the store's front window. Nothing seemed to be able to shut down CannaGreen
After the truck crash, the landlord boarded up the building after finding out CannaGreen didn't have any insurance. But that didn't derail the pot store. Someone just cut a hole in the plywood to serve customers, said Chappell.
Specht changed the locks on the doors and put up the eviction notice, but said that someone "broke in" and started selling pot again. Police were then called and made the arrest.
OTTAWA — A look at some of the numbers associated with a legalized recreational marijuana market in Canada as compiled by the parliamentary budget officer:
655 — The number of metric tonnes of marijuana expected to be consumed by Canadians in 2018, rising to 734 metric tonnes in 2021.
98 per cent — That's how much of Canada's current yearly marijuana consumption is estimated to be consumed by the 41 per cent of pot users who report daily or weekly use.
12.2 per cent — Proportion of Canada's non-territorial population aged 15 and over that reported using cannabis at least once in 2011.
1.8 per cent — Proportion of population that reported using marijuana daily in 2011.
4.6 million — The midpoint of the PBO's estimated number of Canadian cannabis consumers in 2018, rising to 5.2 million by 2021.
1.7 million — The midpoint estimate of 2018 cannabis users aged 15-24, more than a third of the total marijuana-using population. "In contrast, only 18.6 per cent would be in the age group 45 to 64, while seniors aged 65 and over would account for just 1.1 per cent," says the PBO study.
36 — The number of licences issued to produce and sell medical cannabis as of Oct. 28, 2016. "Hundreds of other applications are 'in progress'," says the report.
4,000 — The number of kilograms of dried medical cannabis produced by licensed producers in the fourth quarter of 2015-16, representing only 2.5 per cent of estimated total quarterly demand in 2018.
5 — The number of North American jurisdictions that have legalized the production, distribution and sale of recreational cannabis. Canada would join Alaska, Colorado, the District of Columbia, Oregon and Washington as recreational pot markets, while five other U.S. states have ballot measures this month on legalizing recreational pot. Uruguay has also legalized, while the Netherlands allows retail sales, but has not legalized cultivation and distribution.
Source: "Legalized Cannabis: Fiscal Considerations" by the parliamentary budget office.
The Canadian Press
Where are you reading that? I read it Directors "and" Canopy not Directors "of" Canopy buy I didn't read the full document.
By Directors I believe they mean directors of AusCann
I believe they have 15% with an option to pick up 5% more at the same level. That percent cannot be diluted. So it looks like Bruce Linton hit another home run.
Home run Number 1: Getting green medical for just over 2 million. once it has a licence the market value is 100 million plus
Home run number 2 : 1900% return in one day on a zero investment " a time and Tweed strain" investment
Home run number 3: For me anyway, getting full funding to expand as big and as fast as they want
Bruce Linton aka Babe Ruth
I just noticed that someone bought 400,000 shares today with one large buy. Crazy, that couldn't be retail buying. I hope those funds buy up 50-60% of the stock and hold it long let the masses fight over the scraps driving the price up.
It shows no volume on Google the only thing confusing me . Great to see it go up crazy like that. Wish I owned a stock that's up 1900% holy crap. I will definitely be watching that stock.
https://www.google.ca/finance?q=Twh.ax&hl=en&gl=ca&ei=j1IaWLGxFInHswH4qZ5o
What we know about Canopy
They have someone else bankrolling their expansion. No dilution and their cash they can start buying up interesting companies.
The rec market year one will sell 665,000 kg's of cannabis.
5% of that 40,000 kg's Canopy is capable of this year. 300 million sales share price $15-20
Canopy's CEO Bruce Linton has said they are going after 40% of the rec market. Close to 2 billion sales possible share price of $50 plus
They now have the bankroll to get it done fast, with no other company even close to competing.
The analyst's were wrong when they said don't buy at $1.50 wrong again at $2 still wrong, they don't understand the market and have a bias toward the industry, making for a perfect opportunity.
I'm trying to find a flaw in my thinking because it's too good to be true. Feel free to debate all I'll welcome it. Because I don't want to drift into lala land.
So Dundee price target had Canopy raising 100 million at an average of 2.75 lol. I wonder what this deal does to their projections. It's all about who can grow the most the fastest right now. Canopy has a huge advantage.
655,000 kg's expected year one of legalization.
I was thinking Canopy could produce 40,000 kg's by year end. what will they be able to produce now?
80,000kgs 100,000kg's 20% -25% of the market?
$30-40 PPS is not out of the realm of possibilities now.
Yea,
I see what you're saying they need to release the details. I hope they're high until the investment is paid back then drops to normal rates a win win. THESE facilities cost around 20 million to build. If you think about it that can be paid back in one harvest 4 months.
This allows them to scale fast very fast.. they can hunt for that 40% of the market and who is going to compete? The other companies are left in the dust big time!
Really I think this is an unbelievable deal. What's the alternative they dilute shares like crazy to get market share. This plan they can go for the 40% market share and that is unreal.
5% market share pps of 15-18
40% market share pps ??? x8??
This is a life changing deal to me.
Is there a working link to the goldman article?
Am I understanding thus correctly? Goldman buys and builds facilities for Canopy according to their specifications and leases them to Canopy?
If that is correct that is an unbelievable amazing deal.. Not one other company can even come close to competing with that... not even close
This is a must read for trying to understand the potential here.
https://t.co/63fSJ6cFEF
Ontario and Quebec over 200,000 metric tons. 600,000 - 800,000 daily users.
Tweed only needs 40,000 kg's of the 655,000 kg's. To justify a stock price of close to $20 just based on sales numbers and EPS only in Canada. Probably why I've been freaking out over here.
You're right nothing pumpish coming out of Canopy at all just a fantastic deal.
Allow Yoda to do the pumping "clears throat"
Canopy paid what for this facility under 2 million or around there?
They could have this licenced with their experience in the next few months and comparing another 10,000 sq foot Facility the market value would be north of 100 million. Bruce just 50× your money we should thank him, and we got the hemp line as icing on the cake.
I could kiss you right now! Thank you for bringing some technical analysis to the board without rubbing it in the face of us non technical people. I find it fascinating.
Will the next leg up take us to double digits? Looking beautiful here.
I hope we eat up 10 of these failing LP applicants.
Very nice,
Company is looking good and the stock in my estimations over 30 million shares have been bought up in the 6.50-6.60 range huge volume days on the way up and down we'll likely see the weak hands take this chance to get out and we'll sitting on a large base of strong holders.
If Bruce keeps executing like this we are sitting in a good position. Canopy could likely push for their 40% market share in Quebec/Ontario and a small part of the eastern provinces. And who is going to compete with them? OGI?
The west coast is a tough market I'd just focus on ontario and Quebec that's where the people are. They have a different culture out there fickle customers and the competition for a small market, they'll support the small fry out there. I don't know is it even worth it? I'd hit Alberta Saskatchewan Manitoba first leave Vancouver until last if ever.
This is the beginning of setting up distribution points across the country I think not so much more production capacity.
Quebec has a huge population along with Ontario make up close to half of Canada. IF Canopy can succeed in that province it could be huge but Quebec is very conservative other than Montreal. I'd be surprised if they didn't even recognize legalization in their province. MOST of them would have been happy keeping Harper as prime minister. That being said this is the kind of deal that Canopy needs. They can now start advertising with their hemp products as well.
I don't know, I don't believe it until it comes out of the companies mouth but the paragraph is writing like the guy had spoken to Bruce.
Rather see some capsules released here first.
Wonder when we'll hear about thus Croatia deal from the company. What's the deal in Croatia? Medical only I assume.
Found this: https://www.google.ca/amp/s/www.greenrushdaily.com/2016/06/24/croatia-makes-medical-marijuana-history/amp/
http://seekingalpha.com/article/4015990-investing-canopy-growth-marijuana-movement
Quote:
He also elaborated that the company will begin selling dried cannabis to pharmacies across Germany after securing an export licence from Health Canada recently. The company also has signed partnerships with medical marijuana companies in Brazil and Australia, and just recently signed a deal to export cannabis oil capsules to Croatia
Whole article:
Investing In Canopy Growth And The Marijuana Movement
Oct 31 2016, 07:45
About: TWMJF
Summary
The month of November will be huge for Marijuana stocks.
Legalization in numerous key states will propel these stocks to all-time highs.
Canopy Growth stands out as one of the only legitimate "Weed Stocks".
Remember 2014? One of the biggest stock market bubbles that year was marijuana stocks thanks to legislation in the United States that legalized recreational marijuana use in several states. Alaska and Oregon joined Washington and Colorado in the legalisation of recreational marijuana use. Washington and Colorado had approved the proposals two years earlier but the laws did not come into play until roughly 2014. So 2014 was pretty big for the marijuana industry, and it caused quite a bit of excitement. That excitement trickled into "marijuana stocks" and created a significant bubble. Most of these marijuana stocks were simply shell companies or scams and pump and dumps, but nonetheless, they left a lot of speculators winners and a lot more people losers when the bubble burst.
Taking a quick glance at some of these marijuana penny stocks that are still listed on the OTC and looking at their historical graphs one can observe their absurd increases of 1,000%+ in early 2014. There were companies that literally went from 1 cent to several dollars in a matter of weeks like Vapor Corp. (NASDAQ:VPCO) and General Cannabis Corp. (OTCQB:CANN). Right now it feels like 2014 all over again; there is a ton of hype surrounding marijuana stocks. Many marijuana stocks are rising again from their ashes, and there could potentially be another bubble because of several events coming in November.
On November 8 and onward, nine states will be voting on legalizing recreational marijuana use, of which includes California and Florida. If the propositions get approved in one or both of these states you can bet that marijuana stocks will skyrocket to unseen levels since 2014. The laws will vary in each of the nine states, but the common denominator between the proposals in all these states is basic recreational marijuana use and that is massive, especially in California. Some people estimate that the recreational marijuana business has a potential untapped value of roughly 50 billion in the United States; that's more than the wine industry and the candy industry, and just trailing behind alcohol and cigarettes. The opportunities are huge.
Advertisement
Now what should you invest in? Marijuana penny stocks? No. Unless you can time the bubble correctly, you'll probably lose all your money. A majority of the "marijuana stocks" are not worth your time as an investor.
However, Canopy Growth Corp. (OTC:TWMJF) stands out as a stock that might just be worth your time. At first glance, it might come off as another marijuana penny stock because it's listed on the OTC markets, but it's not. This stock has a market cap of just over 512 million, and it recently became promoted to Canada's main stock exchange the Toronto Stock Exchange. You may of read about the stock already and its partnership with Snoop Dogg, but let me clue you in on the company some more.
Canopy Growth Corp
CGC Chart
CGC data by YCharts
Before I go in depth about Canopy Growth Corp., it should be noted that whenever I reference any statistics involving income or the balance sheet or stock price, I will be using Canadian dollars as the company financials are reported in Canadian dollars.
Canopy Growth Corp. is one of the world's leading (and legal) diversified cannabis companies. It is Canada's largest medical marijuana producer (controlling more than 25% of the market), and it is continually expanding and growing into other segments of business, involving marijuana and other marijuana products. Marijuana in Canada is a tricky business, it is not yet legalized, but the federal government has promised to legalize recreational marijuana use for next year, and Canopy Growth Corp. will tap into this business, which will exponentially increase business for the growing company.
The head of this company Mr. Linton has already expressed that he wants to "dominate the world" and expand the marijuana industry everywhere where it's legal. He also elaborated that the company will begin selling dried cannabis to pharmacies across Germany after securing an export licence from Health Canada recently. The company also has signed partnerships with medical marijuana companies in Brazil and Australia, and just recently signed a deal to export cannabis oil capsules to Croatia.
Advertisement
This is the kind of company that will greatly benefit from the current trend of governments legalizing marijuana. You can bet the company will stick its foot in the door once a country begins the process of legalizing or the decriminalization of marijuana.
For example: Germany will legalize medical marijuana next year, and the company already has plans being drawn up to open a factory there and produce medical marijuana.
The company has made it clear it wants to dominate the world medical and recreational marijuana business. Mr. Linton was quoted saying he "wanted to make [it] really clear that the Canadian public understood we were going to be going very aggressively after the recreational market".
If there is a marijuana company to throw a couple bucks at this is likely it. Even though information on Canopy Growth Corp. expanding into the United States is relatively quiet, I do believe it will fight and make a push for the market eventually, and actually has already started to make a push for the market, albeit quietly. I will elaborate on this later.
A Quick Fundamental Glance
Now Canopy Growth is a relatively new company, being founded in 2014, so its fundamentals are not going to be too impressive, but it is actually exceptionally set for growth.
The company hasn't yet reported a profit, but it's a young company and probably won't while it's still in the growth phase. The great news is that the company is not losing too much money while expanding the business.
A quick glance at some fundamentals gives us a clear picture that the company is ready to expand and can do so comfortably. The company's current ratio is at 7.66, which means debt shouldn't be an issue for the company. However, the ratio is a little high and could mean that the company isn't leveraging its assets enough for growth or there is a lack of efficiency. The quick ratio is relatable at 6.44. There is a lot of liquid assets the company can use in the event of an emergency.
Debt is usually one of the first indicators I glance at when investing in a company and generally it is not an issue for Canopy Growth Corp. The company has just around 4 million in debt with interest and the debt to asset ratio is so insignificant, it is not even worth posting; the company has the ease to "aggressively expand" its business model.
Revenue growth is also impressive. When comparing 2016 to 2015, the company increased its revenues by 435% and looking forward, we can expect even higher numbers. As previously mentioned, the company is currently not making profit though and earnings per share are negative but this is expected for a young and rapidly growing company.
Advertisement
CGC Revenue (Quarterly) Chart
CGC Revenue (Quarterly) data by YCharts
Expansion into the U.S market?
The company is clearly ambitious about expanding all over the world, and a clear and obvious candidate for business expansion is its neighbour to the south. As the United States is rapidly legalizing marijuana at the state level, Canopy Growth is highly likely following the news closely.
Earlier this year, the company entered into a partnership with Snoop Dogg (Calvin Broadus Jr.), and the new deal grants the company exclusive rights to use certain content and products owned by Snoop Dogg's company LBC Holdings. Snoop Dogg has a number of investments in the marijuana business in the United States, which include his own cannabis line, and this is definitely Canopy Growth Corp.'s reach into the U.S market.
As previously mentioned, the potential business of the recreational marijuana industry in the United States is just under $50 billion, so it is, without a doubt, something prominent to consider.
The Counter-Argument
The argument against investing in Canopy Growth Corp. is the potential and likely threat of cigarette companies and the immense power they have.
You can bet your money on the fact that Reynolds (NYSE:RAI) and Altria (Altria) are investing millions into research for entering the marijuana industry should it become legal on a federal level. Their combined market cap is roughly $202 billion dollars and dwarfs literally any marijuana stock. Should they want to enter the market, they can buy out and knock out any opposition.
These two companies (America's largest tobacco companies) have already shown that they welcome innovation and recent trends as they have product lines in e-cigarettes and vapours, and have even been quoted in the past in regard to the opportunities marijuana offers.
Should Canopy Growth Corp. decide to enter the U.S market, either of these companies could crush the company should it decide to compete. And statistics are showing that less and less people are smoking cigarettes in the States and that marijuana use is on the rise.
If you're skeptical investing in growth stocks like Canopy Growth, then maybe you should consider investing in one of the cigarette giants should you believe the marijuana industry is about to explode onto the scene.
The Catalyst
Going back to the original argument. November 8th will likely be a catalyst for marijuana stocks, and you can bet Canopy Growth will be one of the stocks hyped up. Should California or Florida, or even the other states involved legalize recreational marijuana, there will be a wave of investments in marijuana stocks, and Canopy Growth is the only one that legitimately stands out.
The hype is already here in a sense, there are numerous marijuana stocks that have already seen triple-digit growth and this is likely because of the upcoming legalization.
If you want to invest in the latest fad, then consider Canopy Growth and avoid all the other "marijuana stocks". But also, be cautious and have an investment strategy ready (know when to pull out). Even though Canopy Growth is legitimate compared to its peers, it will still likely be over-invested in and inflated and will probably come back down to reality after the fad dies down again. Look at 2014 and be aware of the crash that will follow.
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Yea, I don't agree with valuing these companies like that at all. I'm actually shocked that is how Dundee is valuing the LP'S.
Are you using the 12,000 kg's to get that number though? Because that doesn't really make sense. That licence expires in 3 months January 1 2017 approx. Do you believe that 2-5 years down the road they'll still be producing 12,000 kg's? Hiw can you value a company like this? and you're saying that's how Dundee values these companies? If so they're losing me, it's like trying to hit and unpredictable moving target. we'll see how it plays out but I have a feeling 1 year from now we'll be discussing how $15 dollars is overvalued and you want to buy at $12
I'm pretty sure Canopy will be licenced for more than 12,000 kg's sooner rather than later. Even if they only sell those 12,000 kg's and bring in 87 million in sales this corp is fairly valued at $5 wit a low PE of 20. Now how do you factor in the rec market, the growth rate, their facilities, their brand, the barriers to entry, and the other deals they have. It's not an easy job to value this company. I don't think anyone know even the "pros" What do you think fair value is and what do you use to come to those conclusions. I'm interested in another opinion.
That's what I'm thinking too, I know when I did smoke I was consuming about a half quarter a week. 3.5 grams a week. It becomes interesting when you start to factor in Tweed getting 10% 15% 20% of the market. If they get 40% like Bruce wants things get rediculous.
I keep it at 5% because maybe the market is smaller to start and also I believe they can supply 5% or 40,000 kg's quite easily in the next year.
This could get really interesting very quickly.
http://oracledispatch.com/2016/10/29/canopy-growth-corp-com-npv-otcmktstwmjf-long-term-growth-potential/
CANOPY GROWTH CORP COM NPV (OTCMKTS:TWMJF) Long-Term Growth Potential
By Gene Daniel - October 29, 2016
CANOPY GROWTH CORP COM NPV (OTCMKTS:TWMJF) was formed in 2015 between the merger of Bedrocan and Tweed. Aggregately, the company is one of the first licensed cannabis producers in Canada. After the merger, the company has become one of the largest marijuana companies in Canada. Likewise, the company was the first cannabis company to be listed on a dominant exchange.
I like the company due to the assets it owns and growth potential. As for assets, the company owns the original Hershey Chocolate facility in Canada – which is on over 40 acres and has 500,000 square feet of space available for production.
CANOPY GROWTH CORP COM NPV (OTCMKTS:TWMJF) is using 168,000 square feet for its HQ, R&D, extraction and lab. This is not only a decent amount of space for production, but the company has enough available capacity to ramp-up production if and when needed.
The second facility the company owns in Canada is the Tweed Farms Facility. The Tweed Farms Facility located in Niagara-on-the-Lake, Ontario is a 375,000 licensed facility, used for the production of cannabis.
The company also owns 52,000 square feet of growth space and a sale location in the Netherlands. These facilities are from the legacy Bedrocan merger. This portion of the business is focused on importing cannabis into Brazil. The goal in the near-term is to build a facility in Germany in order to sell products to pharmacies.
You can find out when $TWMJF reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.
Canopy Growth also owns 33% in CannScience – a biopharmaceutical company. This company conducts R&D for the purpose of extraction of cannabis for therapeutic purposes. The company also has intangible assets in a few partnerships such as the one with Snoop Dog and AusCann – the Australian leader in medical cannabis.
Given the space used for production, the company is the largest marijuana producer in the entire world. This is huge for the company. For an example, the size of the beer, wine and liquor industry are nine billion, six billion and five billion, respectively. Furthermore, it is estimated that the marijuana industry could be upwards of ten billion in the mid-to-long-term. With the company’s first mover status and current economies via scale production facilities, there is a significant run-way for the company.
As for growth, the company is doing seemingly well. The company grew its revenues over 430% Y/Y. The main driver for an increase in revenues was an increase in the patient base from 2,900 to over 11,600. An increase in the price per gram of $7.17 last year to $7.34 this year also was a contributor to the top line growing. The company has also brought its net loss down from $9.4 million last year to $3.5 million this year. As the company continues to build facilities and improve capacity, the net loss will gradually turn into a net gain.
Sales continue to increase in the most recent quarter as well. The patient count grew to over 16,000 and sales grew 39% from the linked-quarter. On a year-over-year basis, sales grew an astounding 300%. There were some one-time non-cash losses which increased the net loss to $3.9 million from $1 million. Despite the net loss, the company has a cash position of $19.5 million.
One of the most interesting events that recently took place was the up-listing to the TSX on July 26th, 2016. This will not only allow the company for visibility for potential investors, but will allow more transparency for investors in the company as a whole. I view up-listings as a type of catalyst – not a catalyst that happens immediately, but gradually over-time.
I think there are a few catalysts that could potentially shoot the price of the company upwards. The first one is additional legalization of cannabis in the US or other non-legal jurisdictions. Any positive news on the marijuana industry will excite traders, pushing companies like Canopy Growth upwards. Furthermore, announcements of additional health benefits will bode well for the company.
Secondly, price increases on a per gram scale will also bode well for the company. The company controls a significant amount of production capacity and any increase in the price per gram will benefit the company. Likewise, the buildout of a German facility and Brazilian facility will not only increase sales but may act as additional catalysts.
Finally, other strategic partnerships (like the one with Snoop Dog) will benefit the company. These partnerships are not only good for the overall brand recognition but will help the company become free cash flow positive.
Overall, I think the company is a great example of a buy and hold. Whether you like it or not, the marijuana industry is becoming a hot industry in the midst of political ideology. As progressives continue to dominate the governing of countries, marijuana will slowly, but surely become more of a household brand. Likewise, Canopy Growth has enough production capacity for a huge growth run-way and first mover status in a rapidly growing industry.
The smile when Snoop walks into the greenhouse is priceless though at least he's happy with his choice
https://twitter.com/TweedInc/status/792091323054559232
Yes, you're probably right. Snoop just needs to get his product somewhere in Canada right now Canopy has that privilege he could easily go anywhere else. In that case we're lucky to get a tweet or instagram at all. He could at least give Tweed a like or a retweet the bastard.
He's in it to promote his product, Tweed should be pushing him a bit more agreed.
I think in the Snoop world this is small potatoes. Although his instagram has tweed branding all over it. Guys like Snoop get paid just to tweet. But Yea I agree for the past year he's been a pathetic ambassador for Tweed.
Possibly we'll see that ramp up when we see legal sales. Snoops really for the next stages of the companies growth. They need to be able to produce enough of his product before they start pushing is hard.
Getting Snoop on his birthday was actually not too bad, but only a start.
Also remember that Snoop has only collected 30% of his payment so only 300k has been paid to him. That is really peanuts. I bet Snoop's golden necklace in those pictures is worth more than that. The rest will be released to him after fulfilling certain parts of the contract. So tweed is not so dumb and definitely not getting a terrible deal.
Snoop doubled sales overnight in a medical market. Think of the impact he'll have on a larger market. Still think it's worth it but the jury is still out on that. I'm glad we have him here and he's not with another company that is for sure. Who else is out there? Cheech and Chong? Snoop is the man you want.
✊🏾✨ @leafsbysnoop https://t.co/lVTuYNcWcx pic.twitter.com/IqPHUZH9lf
— Snoop Dogg (@SnoopDogg) October 29, 2016
Give it some time I personally think it's not the time to jump ship yet. But I'm not a genius. I think they hit those numbers everything is fairly conservative 4% of the market/ 25%-30% margins they need to up production from 12,000 to 40,000 kg's. I don't know I think it's possible. If they don't get there something has really gone wrong.
Even my jedi mind was doubtful when we were getting slammed with red. But I just keep thinking Canopy has the best shot at this, bigger than all alcohol sales, medical has a chance at being it's own large industry. So can the management team pull this off and will government pass legislation are the big questions. Management I'd say yes, Government looks like it, as soon as government gives the ok I don't see this dropping. What's before then is anyone's guess. You don't try your not even in the game. GL
Review of the party last night thanks doobiebaby
doobiebaby
2.5 stars October 28, 2016 10:06 am
Lots of fun last night. CGC's management was there and I got to speak to several of them. My key takeaway from the discussions is that the German deal might not be all that well understood by the markets and their revenues from that deal might be a lot higher than people are giving credit. Other than that I vaped some weed and drank some booze and enjoyed this extremely well attended event. Wish I knew how to post the videos here of Snoop lighting up and doing his thing. He smoked so much weed while he was on stage...I would have been in bed a sleep for a day or two if I consumed even a 1/4 of what he lit up last night. Overall, I think CGC put on a really great event. Their branding was excellent and everyone seemed to be having a fun time. Did not get home until after 3am.
I should have gone to this, but I'm usually in bed at 10 pm and up at 6. Leave that DD to the younger investors.