Lp,s are doomed!
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They have repeated this mantra for 7 years now to no avail...Lol
DOOMED
"We continue to look at building out our position in the United States. We're not waiting around on permissibility," Canopy Chief Executive David Klein said.
Bunk weed is a hard sell.
it,s a mess
"Tomorrow never knows."
I have a clue, but i won,t tell you.
They are in luck!
The boat has sunked
more bs
Here we go again...
Happy loves the management team and Dorothy is staying tuned.
Will Martha save the day?
She will be a dusy!
RED FRIDAY
Klein gets the 2.2 million$ he deserves
https://mjbizdaily.com/canopy-execs-earn-raises-bonuses-after-cannabis-giant-loses-ca1-7-billion/
I,m told Klein knows about the sinking vessel.
Problem is they can,t find the boat!!!
Klein should call the Coast Guard!!!
She,s sinking..
Mayday...Mayday.. Mayday.
Conversely, Aurora Cannabis (NASDAQ:ACB) and Canopy Growth (NASDAQ:CGC) keep losing money the bigger it gets. This is a classic red flag of a broken business.
https://investorplace.com/2021/08/why-sundial-growers-is-the-best-cannabis-bet/
My data shows canna folks want high thc & high terpenes.
They may be going for a citrus flavor, a good night sleep, etc...
Cannabis is anything but beer or junk food.
Me first post here in 2014 was predicting a doomed lp caper.
You cannot fool cannabis users with run~of~the~mill stale dry weed.
It,s all in the looks, the smell, and the taste.
Nobody wants the cheapest and most chemical tasting shit.
Cannabis as been around for 12,000 years as knowned to mankind.
You wont get much more than 20 some % of the Canadian population
using it.
Most newbs take too much on that first hit.
They freakout and hide under the bed.
Canna market was OVERCROWDED long before newb~lp landed.
Price will drop until they pop.
Time to buy shares folks...
They are cheap, and Klein needs your money for his 63M bonus pack.
You could make millions... Lol
But you forget the most important...
Grow good weed!
That is the only thing that matters in this canna market.
Corporate canna cartels are seriously lacking in the caper.
small load
Fluffy is dyslectic?
Yup! They are sinking!!
I hope they make it...
"A legacy market product at a legacy market price.”
Legacy Craft Growers are kicking ass...
1$ per pre-rolls (.5 grams) is all the rage.
Lpees are doomed
Repeat after me.
Lol
https://www.globenewswire.com/en/news-release/2021/06/10/2245059/0/en/BC-Craft-Supply-Co-Introduces-Grizzlers-Canada-s-OG-Legacy-Pre-Roll-Brand-into-Ontario-and-Alberta.html
Stock market weed ~ when you don,t know what you are doing
Orphaned inventory
Of the 2.7 billion grams of cannabis produced between 2018 and 2020, 1.1 billion grams were stored in inventory and at least 450 million grams were destroyed by producers for various reasons, per Health Canada data.
Another 6 million packages of dried cannabis, extracts and edibles were destroyed.
Experts believe that most of the unpackaged inventory currently sitting in warehouses across the country, which is almost 40% of overall production, is unsellable.
“I think it’s a sign of a fundamental disjunction in the market,” Althing Consulting’s Dawkins said of the unsold inventory.
“There is increasing demand, an increasing appetite for different products, and yet all of this product is overhanging. I don’t think that product’s ever going to move. It’s orphaned forever.
“We have to get to a place where we recognize that this has become a mature commodity market, and if your product isn’t moving , it’s because no one wants it and never will,” he said.
Dawkins said the mountain of stored and destroyed cannabis is not reflective of the brands that are selling well.
Indeed, the Canadian market in May rang up record sales of recreational cannabis.
“The companies that are succeeding at this don’t destroy any excess inventory,” he said.
“If you’re producing enough cannabis to have any kind of leftover inventory, you have fundamentally misunderstood the market.
“All of the stuff being sold is coming from companies that are producing products that people want, to such an extent that they sell out of the distribution system as soon as they drop.”
Major expansion
The production capacity expansion needed to produce 2.7 billion grams of cannabis was rapid.
By late 2017, investors had bankrolled more than enough cultivation area to meet recreational cannabis demand.
But billions of dollars continued to flow into the largest greenhouses, fueled by stock-market investors who valued cannabis companies solely on how much marijuana they could produce (using the “funded capacity” industry term) and executive bonuses partially tied to massive greenhouse buildouts, MJBizDaily previously reported.
In October 2018, the month legal cannabis sales started, Canadian producers controlled 452,896 square meters of growing area licensed for cannabis cultivation, according to Health Canada data.
A year later, that figure had tripled to 1,366,861 square meters.
By the end of 2020, that number was more than four times higher, 2,040,093 square meters.
That made cannabis the fourth-largest greenhouse crop in Canada by area – a level of production significantly out of step with demand.
“People entered the market too quickly, not fully understanding the importance of quality and how to cultivate quality,” cultivation expert Singh said.
“The mentality of money over quality is flawed, but unfortunately for most of those who entered the cannabis space, it was not their own money.”
Singh said large producers underestimated a number of factors in that scale-up, leading to a significant amount of cannabis being produced that was ultimately unsaleable, including:
The importance of quality as well as the infrastructure and knowledge required to grow quality flower.
The increased challenges of pests and pathogens as well as qualified and available labor.
Mitchell Osak, president of Toronto-based Quanta Consulting, said the inventory situation “is about to accelerate like a hockey stick” because of all the outdoor production and new craft production entering the system.
Canadian licensed producers added a record 220,461 kilograms of marijuana to their inventories in October 2020.
But Osak also said some licensed producers are better at producing in-demand cannabis at appropriate prices than others.
“I think we’re moving to a place in the industry where you have some LPs that are regularly turning their production inventories and adroitly managing demand-driven production, and some LPs that are going to have a massive inventory problem,” he said.
“Inventory challenges are becoming more acute when companies launch new products and formats – i.e. inventory – into the market, not to mention increasing the overall complexity of the operations and financial management.”
Billions in losses
After selling less than a fifth of the cannabis produced between 2018 and 2020, many of the biggest greenhouses that drove cannabis share prices higher amid the cannabis stock market mania of 2018-19 have been sold off for pennies on the dollar.
One example is Canopy Growth’s BC Tweed joint venture in British Columbia.
Before Canopy spent nearly CA$500 million ($400 million) to acquire the remaining one-third interest of the joint venture it didn’t already own, the company had poured CA$644 million into the two B.C. greenhouses and other facilities.
The B.C. properties ended up selling for only CA$40.6 million.
The two companies that shuttered the most facilities, Alberta-headquartered Aurora Cannabis and Ontario-based Canopy Growth, have also reported the steepest losses.
Canopy has lost CA$3.8 billion since its inception; Aurora has run a CA$4.1 billion deficit.
Neither company has ever reported a profit.
When newbies run the show... Lol
https://mjbizdaily.com/canadian-cannabis-producers-have-sold-less-than-20-percent-of-output-since-2018/?utm_medium=email&utm_source=newsletter&utm_campaign=MJD_20210728_News_Daily&cn-reloaded=1
"Some industry experts blame poor-quality cannabis for the sales shortfall."
“Good stuff sells,” said Ian Dawkins, principal consultant of British Columbia-based Althing Consulting.
Av Singh, cultivation expert at Nova Scotia-based Flemming & Singh Cannabis, believes Canada’s largest licensed producers didn’t have the know-how needed to produce cannabis at the scale they told their investors they could.
“Canadian LPs were quick in trying to capture as much of the market as possible, often building inferior facilities that were not designed to produce quality cannabis,” Singh said.
WHO,S YOUR DADDY?
STOCK MARKET WEED CARTELS ARE DOOMED!!!
To the moon fluffy...
She will be a dusy...
Go Crappy Growth ;~) to the moon !!!
Seth is dropping Crappy Growth !!!
https://ca.finance.yahoo.com/news/seth-rogen-canopy-growth-houseplant-115954194.html
And they don,t make any money... Lol
Time to purchase more shares.
They will need more suckers.
"Remains on track to achieve positive Adjusted EBITDA during the second half of FY 2022"
More bs
yup,
but then again, going down can be a fun thing ;0)
Growing in Canada is difficult...
One has to be on it,s toe.
Outside UV,s helps with terpenes but.
I manage cuz i have a light dep greenhouse and good sun on the farm.
All these lpees inside grows will bite the dust when Mexico,
Columbia, Equateur, Peru, Jamaica, Africa & Asia,s eventually hit
the international market.
Prohibition prices in a legal market is not cutting it.
Blair system is designed to fail big time.
My data shows that Crappy Growth will go belly up before the US move
Folks are not kind to stock market newbie bunk stale dry weed cartel
USA is allready overcrowded with killer weed
Doomed
sadly
California is approaching its fourth year of legal recreational marijuana, yet the underground market is as strong as ever and is making it harder for licensed companies to eke out a profit.
Saddled by steep regulatory and compliance costs, legal marijuana companies in California can’t compete with illicit operators on product prices.
Administrative bottlenecks, substantial capital requirements and dysfunctional social equity programs have kept many legacy players out of the legal marijuana market.
At the same time, cheaper operating costs and limited legal risk continue to fuel the underground trade.
That picture emerges after MJBizDaily spoke with three longtime unlicensed operators who agreed to discuss their lucrative cultivation, sales and consulting businesses as well as the challenges of becoming a licensed company.
The three operators, who agreed to speak on the condition of anonymity to protect their businesses, are a fair representation of California’s legacy market – and they serve as a warning for marijuana entrepreneurs and regulators in new markets.
How so?
The three operators’ comments underscore why illicit businesses are choosing to remain under the radar versus becoming licensed growers or retailers.
“You’re facing the largest uphill battle to break something up that has been ingrained in this area for almost two or three decades,” said an unlicensed cultivator from Palmdale, in northern Los Angeles County.
“You can’t beat that monster.”
That operator is among thousands of illicit business owners who’ve grown and sold cannabis for decades as well as built networks of distributors and loyal customers – long before skirting the 20%-30% tax markups faced by licensed businesses in California.
Most of their bulk flower never leaves Southern California, reflecting the strong demand for illicit cannabis in that region.
Illicit sales outpace legal transactions
Global Go Analytics estimates California’s illicit cannabis market generates $8 billion in annual sales, nearly double that of the legal market, which the MJBizFactbook pegs at $4.4 billion last year.
“California managed to become the only state that actually grew the illicit market by legalizing adult use,” said Tom Adams, chief executive and principal analyst of the Los Angeles research firm.
When state regulators launched California’s legal marketplace in January 2018, medical marijuana dispensaries had to gain both local and state recreational permits.
The vast majority – as many as 1,000 by industry estimates – simply closed, moved or chose to remain unlicensed, diminishing access for consumers and suppliers.
At the same time, dozens of cities and municipalities declined to license retailers and other cannabis businesses.
Adams estimates the policy overhaul shifted at least $500 million in cannabis sales from the legal market to the illicit sector.
Legacy operators and social equity
The transition to the legal recreational market, meanwhile, cut off a steady supply chain for cultivators statewide.
“We all lost our way of life overnight when shops couldn’t buy from us anymore,” said a longtime cultivator from Orange County who is unlicensed.
He has trimmed flower, was a budtender and even managed two pre-Interim Control Ordinance dispensaries – the medicinal cannabis retailers established in Los Angeles before Sept. 14, 2007. He also has a felony for cannabis possession.
On paper, this person is an ideal candidate for a social equity marijuana business license in a city such as Los Angeles, which is why he was courted by several well-known cannabis brands before the application phase in 2019 for L.A. social equity retail licenses.
During the yearlong application process, the Orange County cultivator said he went straight, taking dead-end jobs that included folding boxes at a vape company and side-hustling gigs such as driving for Uber.
The efforts failed to pay off as his family struggled financially.
His application wasn’t among the first 100 filed to qualify for L.A.’s social equity retail licenses in 2019, nor was he among the 200 eventually identified as eligible in December 2020. More than 800 applications were filed with the city.
Frustrated, he returned to the illegal marijuana market, setting up 10-light grow warehouses in Orange County. He has since been managing them on behalf of the owners of those facilities.
“We should be given the opportunity to create a business like we were promised,” he said. “It just seems like it’s not possible.”
That’s a common complaint among social equity applicants and unlicensed legacy operators.
“Every time it seems like we get close, they got something to trip you up,” said another social equity applicant in the unlicensed cannabis market who also serves as a consultant to underground businesses.
He started selling nickel bags as a teenager on skid row in downtown L.A., a child of foster homes and crack-addicted parents.
The South L.A. resident spent two years in the social equity application process, including an internship at a licensed Hollywood dispensary. He understands compliance, excise taxes and inventory.
“I stopped growing weed for a year – trying to make sure I kept all my energy on the right foot, doing the right thing – and it didn’t come through, so I went right back to the trap.”
He has no plans to quit growing or consulting.
“It’s so hard for me to get in trouble now,” he says, underscoring the limited legal risk a number of illicit operators face.
A wide gulf
Economics and barriers to entry in the legal and illicit markets couldn’t be wider.
An illegal 1,000- to 2,000-square-foot grow can be set up in only a few weeks.
The Orange County grower said it costs him about $1,500 to $2,000 in rent, electricity, equipment, nutrients and labor to operate one grow in the coastal county.
By contrast, a similar setup in the legal market would take more than two years in the licensing process and cost about $1 million, according to the Orange County grower and other industry sources.
High capital, licensing and operational costs, coupled with higher prices for legal cannabis, have been devastating for licensed businesses.
“Regulations and tax rates need to change drastically for the legal market to surpass the illegal one,” industry consultant Joey Espinoza said. “It truly comes down to economics.”
Consultants for hire
As part-time consultants, the underground cultivators charge unlicensed customers to help set up illicit grow operations.
Their services include strain recipes, lighting setups, nutrient mixes and other things.
Clients typically pay a third to half the value of the crop for the service.
For clients with cash on hand, the Palmdale cultivator – who’s built illegal indoor grows since 1992 – charges a flat fee of $75,000 to set up a 10-light or fewer automated grow, with strain recipes and other basics included.
A typical indoor harvest yields 6-12 pounds of marijuana every few months, with market rates anywhere between $1,800 and $6,000 per pound on the street, depending on quality, consistency, branding, hype and other factors.
Despite his lucrative underground business, the Palmdale cultivator desires an opportunity in the legal market.
“Nobody wants to look over their shoulder on top of having all this cash we’re not able to deposit at any banks,” he said. “That sends you deeper underground.”
But he also offered up a warning – and a solution – for legal marijuana businesses and regulators.
“The only way the legal market will ever compete with the black market is to give the people in the black market legal licenses,” he added.
“Until we have those licenses and assurance we can get those licenses, the black market will continue to thrive, and it’s only going to get larger.”
Cool, but all of this done matter if you grow bunk
Are you a grower?
Did not think so...
I grow half & half in a light dep greenhouse & out in the sunlight.
AAAAA
I grow in living soil. Home Depot 200 Gal Fabric Pots .
https://www.homedepot.ca/product/viagrow-200-gal-fabric-aeriation-grow-bags/1001610552?eid=PS_GOOGLE_D28%20-%20E-Comm_GGL_Shopping_PLA_EN_Outdoors_Outdoors_PLA_EN__PRODUCT_GROUP_pla-343479658295&gclid=CjwKCAjwos-HBhB3EiwAe4xM99YZ9wwDugyl60xMqtVpBcibI65bVYLlFFT7hwKSKcJZnB5emh_1hxoC7UoQAvD_BwE&gclsrc=aw.ds
Ph source water/sun. Nada else!
My outside canna grow presents best tasting canna & high terpene
content.
If you know what you are doing out is the absolute best.
UVs are of importance.
Unless crop gets popped by an avalanche, a flood or a TWISTER.
Farmers are a cool bunch... ;`)
Canada is not a good country to grow cannabis.
No sun, too cold, september monsoon etc.
I manage well my 24 plants here on the ranch, lots of space between
plants, sun city, lot,s of love and respect for the plant.
LPees grow are much too large.
Linton sold canna naive bag holders that GROWING AT SCALE
was [color=red]IT[/color].
Fact is LPees have destroyed 500 tons, all inside grows.
Critters do not feed on healthy canna plants.