Lp,s are doomed!
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GREATdemonstration canna is good for her.
She is gaining the popularity needed to jumpstart any career.
Let,s see a race between her, Martha and Biden.
That is an easy answer. Grow better weed. Too late now but...
Fluffy needs new glasses...
PUMPERS WILL PUMP
Crappy Growth is braking the market!!!
NOT
Legacy raise canna prices 2$/gram.
LPees drop canna price 1$/gram.
Just when legacy start a second light dep run...
Overcrowded Lpee market is having a hard time selling bunk.
The OCS has focused on dropping prices to lure in customers who would typically purchase cannabis illicitly.
The average price for dried flower reached $6.17 per gram on OCS.ca and $8.87 in retail stores in March 2021, down from $7.05 and $9.88, respectively in April 2020. The illegal market's price per gram for dried flower jumped to $9.59 per gram, from $7.98 during that time span.
DOOMED IN OVERCROWDED MARKET
https://ca.finance.yahoo.com/news/rapid-growth-cannabis-stores-ont-142018514.html#:~:text=The%20Canadian%20Press-,Rapid%20growth%20of%20Ontario%20cannabis%20stores,result%20in%20some%20closures%3A%20OCS&text=David%20Lobo%2C%20the%20interim%20president,expected%20to%20open%20by%20September
The government-owned corporation said the average price per gram for dried cannabis flower from its retail business declined to 6.17 Canadian dollars ($4.98) at the end of the fourth quarter versus CA$8.87 per gram at private-sector brick-and-mortar stores.
OCS said it received a total of 12,873 complaints about product quality during its fiscal year, 72% of which were regarding vape products, which OCS identified as “(demonstrating) an opportunity for improvement.”
https://mjbizdaily.com/ontario-cannabis-store-growing-competition-may-cause-store-closures/
She is DOOMED big time, overcrowded canna market
https://cdn.shopify.com/s/files/1/2636/1928/files/OCS-InsightsReport_2020-2021.pdf?v=1624987272
It,s too late for fluffy
Got a texto from Klein.
The man is worried about fluffy,s state of mind...
Any of you guys know if fluff ever took the Pepsi challenge?
Moderaters... i think young wild and fluffy is loosing it...
You should maybe offer him an eight of a Martha gummie?
Fluffy is about to have a nervous breakdown and alcool does,nt help.
Really?
I can tell that you are not a canna user...
Folks do not like the fact that they cannot look and smell LPees offering.
Folks do not like the fact that growing 4 plants is "illegal" in Manitoba & Quebec.
Folks do not like the fact that you can only grow 4 plants if you own a home. Renters can<t unless they have landlord permission.
Folks do not like the fact that your 4 plants cannot be seen by neighbours.
Folks do not like to be told what you can or cannot do when it comes for growing a plant.
So...
Folks are overgrowing lpees with a vengeance.
LPees are doomed. They cannot advertize in an overcrowded market.
Sales are down, month after month.
Hundreds of millions in red territory on a monthly basis.
If you buy more shares, they may be able to last a little longer?
But all this will resolve itself when legalization pops.
"So many seem to bet against the inevitable success of legal over black market. What are they thinking?"
They are thinking canna prohibition is still here.
They are thinking that canna licences should have been offered to legacy growers instead of Stock Market Cartel Suits who don,t have a freaking canna clue.
They are thinking world renowned BC BUD should have been the word.
They are thinking Crappy Growth is a dud.
Your data is wrong !
Please read and learn...
https://www.huffingtonpost.ca/marc-davis/medical-cannabis-growers-canada_b_13939122.html
https://www.reddit.com/r/canadients/comments/7ahg6z/lets_compile_a_list_of_lps_caught_using/
https://nationalpost.com/news/canada/rcmp-went-silent-about-massive-pot-bust-over-concern-for-marijuana-producers-stock-price-documents-reveal
RCMP went silent about massive pot bust over concern for marijuana producer’s stock price, documents reveal
There were also concerns the release of information could embarrass Health Canada and expose 'deficiencies' in new medical marijuana regulations
Author of the article:Douglas Quan
Publishing date:May 31, 2019 • May 31, 2019 • 8 minute read • Join the conversation
A worker at Canopy Growth's Tweed facility in Smiths Falls, Ontario.
A worker at Canopy Growth's Tweed facility in Smiths Falls, Ontario. PHOTO BY SEAN KILPATRICK/THE CANADIAN PRESS/FILE
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In the spring of 2014, RCMP officers in Kelowna, B.C. prepared a press release about a big drug bust at the local airport. It described how investigators had intercepted two shipments of marijuana of “unfathomable quantity” that were bound for a couple of licensed cannabis producers in Ontario. The press release, however, was never sent.
Days went by with a virtual information blackout over what the Mounties had seized and why, even after one of the companies — Tweed Marijuana Inc., now Canopy Growth Corp. — decided to release its own public statement, containing what some RCMP members perceived to be “brutally misleading” information about the seizure.
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“I don’t see how we can’t comment as we are now being put in a negative light,” one frustrated sergeant wrote to a colleague in an email. “Basic media principles state that we should confirm the obvious — Tweed has chosen to put this out there so we would be remiss if we did not comment on factual points that have been inaccurately represented.”
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More than 900 pages of internal records obtained by the National Post reveal for the first time the lengthy deliberations that took place among RCMP members in B.C. and at RCMP headquarters in Ottawa over what, if anything, to tell the public about the March 31, 2014, seizures at Kelowna International Airport.
We would be remiss if we did not comment on factual points that have been inaccurately represented
Among the “strategic considerations” outlined in emails was a concern that the release of information might affect the stock price of Tweed, which had gone public on the Toronto Stock Exchange that week — the first pot producer in the country to do so. There were also concerns that the release of information could embarrass Health Canada and expose “deficiencies” in new regulations over medical marijuana production that were rolling out that same week.
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The National Post first sought access to the records five years ago through an access-to-information request. The RCMP initially refused to release any records, citing an ongoing investigation. The Post complained to the federal information commissioner, resulting in a process that dragged on until last fall when the RCMP finally agreed to process some of the records.
Asked this week about the national police force’s apparent concern over the impact of publicity about the bust on the company’s stock price and the potential political embarrassment to the federal government, B.C. RCMP spokeswoman Sgt. Janelle Shoihet said she needed more time to review the file. “Generally we can say that decisions with regards to communications will always consider impact on prosecution, timing and whether (or) not a company is publicly traded. These factors have been considered in the past and were not unique to this investigation,” she wrote.
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“Impacts on partners, disclosure, potential or active prosecutions and privacy legislation must all be considered when determining what, if any, information can be made public.”
But Garry Clement, a retired RCMP superintendent, said whether a company is publicly traded or not should not have been a consideration.
“When you see something like that, how can you say the RCMP is being objective? They’re playing in the hands of the company. Investors may have made a decision differently had they known the facts, he said. “It doesn’t give the impression of being upfront.”
In September 2015, Tweed was renamed Canopy Growth Corp. Jordan Sinclair, Canopy Growth’s vice-president of communications, said in an email this week the seizures happened more than five years ago when the Marijuana for Medical Purposes Regulations were in their infancy.
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“The company believed then and now that it acted in compliance with regulations. Today, we are focused on the next five years and continuing to build a global cannabis leader creating thousands of jobs in Canada, investing hundreds of millions of dollars into the Canadian economy, and providing the highest quality cannabis products to medical and adult-use customers around the world.”
Mettrum Health Corp, the other Ontario producer whose shipment was seized that day, was acquired by Canopy Growth in early 2017. A former spokesman for Mettrum did not respond to an email requesting comment.
The seizures happened against a backdrop of dramatic change in Canada’s regulatory landscape. New rules took effect on April 1, 2014 that restricted production of medical marijuana to licensed commercial producers. Tweed and Mettrum were among the first to be licensed.
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Prior to the transition date, individuals who had possessed personal-production licenses under the old regime were able to sell their starting materials — namely seeds and plants — to one of the new commercial producers, as long as they had Health Canada approval. Tweed and Mettrum received those approvals, Health Canada confirmed to reporters at the time.
When you see something like that, how can you say the RCMP is being objective?
But according to internal RCMP briefing notes, the items Tweed and Mettrum told Health Canada they would be importing from B.C. did not match what was seized at the Kelowna airport on March 31.
On paper, Tweed and Mettrum said they planned to transport 2,071 plants and 730 plants, respectively. But when RCMP examined the shipments, they instead found harvested marijuana buds that were packaged for resale, the records say.
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“It was packaged bud that was seized, which is materially different from ‘plants and seeds,’” one RCMP investigator wrote.
“At best what has been seized are clippings,” a summary report stated. “The (regulations) do not allow for the sale of marijuana in this form.”
And there was a lot of it — more than 700 kilograms of B.C. bud stored in 55 hockey bags and 40 boxes.
A draft press release prepared by the Kelowna RCMP’s media relations officer on April 1 noted that the seizure was of a quantity “rarely seen in the central Okanagan.”
“Several local growers had pooled their products for transfer … but the shipment fell outside the parameters of the legislation and was subsequently seized by police,” it said, adding that the size of the shipments was enough to create 2.1 million single doses based on 0.3 gram cigarettes.
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But senior officers, including the Kelowna detachment’s commanding officer, decided to hold off on the release, citing the lack of any charges.
Tweed chairman Bruce Linton told Postmedia in 2015 that the seizures may have been the result of “confusion.”
Tweed chairman Bruce Linton told Postmedia in 2015 that the seizures may have been the result of “confusion.” PHOTO BY DARREN BROWN/POSTMEDIA/FILE
A couple days later, on April 3 — the day before Tweed was listed on the TSX Venture Exchange — the company put out its own statement. Tweed said it had completed the acquisition of “seeds and plants” from a number of licensed growers, ensuring a “wide variety of choices” and sufficient inventory to meet demand.
The company acknowledged that one shipment had been held by the RCMP “while it confirms the details of the shipment.”
“In an effort to be transparent,” the statement continued, the RCMP was informed of the shipment and “invited to examine the material.”
Tweed chairman Bruce Linton told Postmedia at the time the seizures may have been the result of “confusion” over the old and new regulatory regimes.
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“When you call police to say, ‘Come look at this,’ you believe you have everything in order,” he said.
In internal emails, RCMP officers wrote that it was “painful” to not be able to respond and that the company’s version of events was “a long way from what transpired.”
“I find their language very interesting/misleading considering there were no ‘plants,’ ‘seeds,’ or ‘in-production material,’” Const. Kris Clark, Kelowna’s media officer, wrote to colleagues.
Officers also balked at the company’s assertion that it had invited the RCMP to inspect the shipment. Briefing notes indicate that in the week prior to the seizures, RCMP received “several calls” from airline charter companies enquiring about the “legitimacy of transporting 1500 lbs of marijuana.”
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“Tweed never came to us, the airline did,” Const. Shane Holmquist wrote to colleagues.
The shipment fell outside the parameters of the legislation
Insp. John Ibbotson told a colleague in an email that although the company’s statement may appear to be a standard press release, “it is in fact a news release intended to inform investors of a publicly traded company of a significant event surrounding a company’s activity.”
Noting that some of the information in Tweed’s release was “factually incorrect,” Ibbotson suggested there had been a violation of section 400 of the Criminal Code — related to making a false prospectus — and wondered if the Ontario Securities commission should be notified.
Yet for several more days, RCMP communications officers declined to set the record straight, trotting out the standard line that they could not confirm nor deny an investigation.
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“With some luck the media may dig up the facts and print them without the RCMP having to go public with any details and face the complications that would create,” Sgt. Duncan Pound, then a federal policing spokesman in B.C., wrote to a colleague.
Other emails reveal some of the reasons for the hesitation.
“The heart of the problem is that Health Canada has gone on record as saying they authorized the shipment, which has and will continue to cause us grief trying to set the record straight,” Pound wrote.
“Ideally,” he continued, Health Canada should issue a statement saying the shipments contravened regulations and were not what they had authorized. “If Health Canada says nothing it looks like two Ministries working against each other, which is a lose/lose for both of us.”
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Jolene Bradley, the RCMP’s director of strategic communications in Ottawa, presented a briefing document to the deputy commissioner for federal policing on April 10 advising that the force should continue to decline comment. Among the reasons she cited: going public “would likely bring criticism on Health Canada’s part as it would highlight the deficiencies in the transition to the new regulations.”
The same document also stated that “any comments by the RCMP could impact stock prices” for the producers.
Dawn Roberts, an RCMP communications strategist in B.C., similarly wrote in an email to colleagues that Tweed “is a publicly traded company and any comments could impact on stock prices.”
Pressure, however, was starting to build “from higher up to proactively correct the story,” RCMP emails say.
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The force eventually issued its first public statement about the March 31 seizures on April 11. But the press release was whittled down considerably from a draft version. The draft included the size of the seizure (705 kilograms) and the reason: regulations allowed for a pre-determined number of plants to be sold, but the shipments consisted of “harvested marijuana in lieu of plants.”
The final version of the statement did not mention the size of the seizure nor the specific reason, simply stating: “The marijuana did not match what was authorized to be transferred.”
No charges were ultimately filed against either company due to the challenge of proving criminal intent, RCMP briefing notes say. The seized marijuana, which caused a rotting smell in RCMP storage, was later destroyed.
• Email: dquan@postmedia.com | Twitter: dougquan
https://potfacts.ca/health-canada-and-the-licensed-producers-have-both-hidden-dangerous-cannabis-contamination-from-the-public/
https://www.rollitup.org/t/ontario-cannabis-producer-caught-relabelling-black-market-weed-to-make-it-look-legal.996001/
https://www.cbc.ca/news/canada/manitoba/bonify-licence-reinstated-after-health-canada-suspension-1.5332637
https://www.cbc.ca/news/canada/manitoba/bonify-cannabis-producer-no-charges-rcmp-lawsuit-dismissal-1.5070578
https://cannabislifenetwork.com/lps-moral-high-ground-stance-up-in-smoke-over-contamination-scandals/
https://potfacts.ca/rcmp-cover-up-lp-crimes/
"The black market is still attractive because it does,nt pay taxes and does,nt comply with regulations"
WRONG AGAIN JONATHAN!!!
Black market is attractive for two reasons...
They have better strains and better prices. Easy cheesy.
Canadian government blew it big time by not giving a piece of the action to legacy mui experienced growers.
They instituted a cartel of suits who don,t have cannabis clue!
There is no coming back from red ink folks.
You are all doomed!
https://buffalonews.com/business/local/what-buffalo-niagara-can-learn-from-canadas-cannabis-industry-experiment/article_3acd8760-d36d-11eb-830e-0bf3c30efe8d.html?fbclid=IwAR2Pi-HrdJqk24aXAiPJVQpew44KR2pxNyl84dowLPKa9axR2kCEiVXg8jI
July 26, Old Courthouse. 5200 kg flowers & 7200 kg oil bust
That calls for life in prison, assets seized, children taken away.
Let,s see if they get a slap on the wrist, Crappy Growth style.
https://cannabislifenetwork.com/fraud-charges-canntrust/
Will be at the Old Court House on July 26 for the meet-and-greet.
Lpees have lobbied for more prison.
Let,s see how many years in the shade these criminals get.
Canntrust bust netted 5200 KG flowers and 7200 kilos oil.
Let,s see how many years in jail, these Russians bots get...
Will their buziness, houses, cars, bank accounts seized?
Will children be taken away from these low life criminals?
https://cannabislifenetwork.com/fraud-charges-canntrust/
Growing exposed
BC BUD
Ask it by name!
Watch dangerous criminals, Russians & bots hard at work
Money, that,s what they want
Enjoy!
Money,that is what they want
Enjoy!
That dollar is ready for harvest...
HEXO planned to replace some of its strains with ones that it believed were "incredibly promising," but when it came time to cultivate, the quality was subpar. As a result, the new strains were not of the same quality as the ones the company was no longer retaining in its inventory.
DOOMED !!!
3 Things in HEXO's Q3 Results That Should Worry Investors
The cannabis company's bottom line went back into the red, and the reasons why don't bode well for its long-term outlook.
David Jagielski
(TMFdjagielski)
Jun 23, 2021 at 8:18AM
Author Bio
Things were all smiles back in March when HEXO (NYSE:HEXO) released its fiscal second-quarter results. For the period, which ended Jan. 31, the cannabis grower and distributor achieved its goal of reaching positive adjusted EBITDA.
However, when it posted its fiscal Q3 results on June 14, management didn't focus as much on the bottom line -- no doubt because it was a loss, and broke HEXO's streak of seven straight periods of quarter-over-quarter improvement.
For the period that ended April 30, sales were down 31% year over year, and there's no shortage of reasons why. Here are three of the most concerning items I saw in HEXO's latest report that should have investors thinking twice about putting this pot stock into their portfolios.
1. There were multiple supply related issues
CEO Sebastien St. Louis didn't try to sugarcoat the problems the company ran into during the quarter. One of them related to product quality. HEXO planned to replace some of its strains with ones that it believed were "incredibly promising," but when it came time to cultivate, the quality was subpar. As a result, the new strains were not of the same quality as the ones the company was no longer retaining in its inventory.
Although it was admirable for the CEO not to evade the issue, it still presents a real concern. HEXO's sales decline took place while retail sales of cannabis in Canada were rising -- up 6.7% from January to March, when they hit 298 million Canadian dollars. If product quality issues were to blame for a significant share of HEXO's steep sales drop-off, it suggests there is a lot of risk in the company's operations.
2. Craft competition chipped away at its market share
The CEO also admitted that HEXO "underestimated the speed with which the cannabis industry moves," saying that its supply of high-potency products came up short of demand.
In part because of that shortage, smaller producers were able to fill the void and take sales away from HEXO. Although St. Louis was dismissive of the impact, referring to it as "mostly a one-time thing," there's a concern here, too; if products from craft producers (e.g., small cannabis companies) are adequate substitutes for HEXO's own, that could suggest challenges ahead if there is an increase in competition. Ironically, one of the reasons St. Louis has given for not being concerned about craft products is that they are of lower quality -- but he said this toward the end of the quarter, when those rival businesses were also running short on high-potency cannabis products, not unlike the quality issues HEXO ran into during the period.
St. Louis may claim he's not worried about these developments, but they serve as a reminder that growing competition could make it more difficult for HEXO to even keep its sales consistent, let alone grow its business. Along with the steep drop in revenue this past quarter, it reported an adjusted EBITDA loss of CA$10.8 million.
3. There were no international sales
HEXO first launched international products last year when it announced a 24-month agreement with Breath of Life International, an Israeli-based medical marijuana company. International sales have never accounted for much of the company's top line. In fiscal Q2, they totaled just CA$2 million, or 6% of all sales. But in fiscal Q3, international sales were zero. In the earnings release, HEXO said that was as a result of "revised prerequisite testing and an additional certification by the Israeli government."
While HEXO says it is now in compliance and will resume international sales, this was another example of a situation where management wasn't able to react quickly enough. If international cannabis revenue were a bigger chunk of HEXO's business, the drop in revenue would have been even more significant.
This is a stock I would stay far, far away from
HEXO has been aggressive in trying to bolster its business with recent deals, including the acquisitions of Zenabis and other smaller cannabis companies. But it has plenty of problems of its own that it needs to address. I would have a hard time trusting the company to not only prevent these supply and quality-related issues from recurring, or o efficiently integrate its new acquisitions into its operations.
Simply put, too many things caught HEXO and its management off guard last quarter for me to see this as a stock worth taking a chance on. The company's recent acquisitions only add to the risk of even greater losses ahead as it takes on multiple challenges simultaneously.
Hexo,s bunk weed has no future...
Craft is where it,s at.
It was a sure thing...
But,the hype is long gone!
Linton made his millions and moved on...
Pumpers will pump.
Sooner or later LPees will have to drop prices, only to survive.
Legacy is way too strong for these bloated Cartel.
Shit will eventually hit the fan, when the money is all gone.
LPEES, Or What To Do When You Don,t Know What You Are Doing?
https://www.fool.com/investing/2021/06/23/3-things-in-hexos-q3-results-that-should-worry-inv/
Old fart Biden is at it again... Lol
Colossal Cartel failure
"The bulk of the cannabis industry is still in the black market. Illicit cannabis sales are estimated to be more than $100 billion each year."
https://www.forbes.com/sites/willyakowicz/2021/03/03/us-cannabis-sales-hit-record-175-billion-as-americans-consume-more-marijuana-than-ever-before/?sh=2e087b412bcf
Where is Crappy Growth?
Canopy told its Danish workers in March that it was considering ceasing operations at the site because the company is able to serve global medical markets with existing Canadian production. Canopy has spent most of the COVID-19 pandemic engaged in a restructuring that has involved laying off at least 1,000 employees.
https://www.timescolonist.com/most-actively-traded-companies-on-the-toronto-stock-exchange-1.24334207
https://www.investors.com/research/canopy-growth-stock-marijuana-stock-is-it-a-buy-now/
Time to cop shares... load them up, otherwise you will miss big.
Time to buy more Crappy Growth shares folks...
Doomed?
"It's a symptom of perhaps being too aggressive on price for the sake of generating revenue growth."
Moribond Crappy is selling for less than the cost of production.
Klein has a good strategy.
https://www.fool.com/investing/2021/06/08/will-this-colossal-mistake-send-canopy-growth-stoc/
Potician Chong