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Guess it was just a small deal increasing ownership from 79% to 89%.
500,000 containers have been shipped out before 10/17 and in the couple days after -containing 1 to 15 grams of weed per container.
Let’s say 7 gram average x 500,000 = 3.5 million grams. At $5/gram that’s $17.5 million.
Another 600,000 containers going out within a week.
Not a bad start!
“Padelford said there had been 1 million visitors to Shopify sites in the first 12 hours of legalization, and 100,000 orders were placed by midday. He said the traffic and sales volumes are approaching a level Shopify usually sees on Black Friday.
"We knew it would be big, but it's coming in a little hotter than even we expected."
https://cheddar.com/videos/shopify-says-demand-for-cannabis-in-canada-outpacing-estimates-on-day-1
Yeah seems odd. Or maybe they want to PR all of the new products before shipping them out tomorrow? Lol the oil is somewhere. 14,895 liters of the industries 32,513 liters as of June 30.
Hey guys I haven’t been active here or been able to follow the board much lately. Anybody have an idea of canopy’s rec oil strategy? At the end of June, they held 45% of the entire industries oil.....but the only place I’ve seen them for sale today are spectrum - medical customers and they have 2 available under the Plain Packaging brand on the Newfoundland website. Cheers and congrats Longs & all Canadians!
Great day all! Don’t think we ever discussed $7 dollar days (US) but now we can.
Tweeds chocolate partner
http://hummingbirdchocolate.com/
According to GM of Bloomberg another global player will enter Monday. A good interview and excited for the series
http://www.iheartradio.ca/newstalk-1010/bnn-bloomberg-launches-unprecedented-editorial-series-on-the-legalization-of-marijuana-1.8034423
Good to know!
Haha this board has been too active I can't begin to keep up. Everyone still here or did anyone reach their target?!?
Haven't had a chance to catch up in here...but shout out to the 2014, 2015 & 2016 buy and holders out there!
On Bloomberg today Bruce mentioned hard capsules. Then tonight Auscann releases PR with positive results from its hard capsules....hmmm maybe throw $200 mil there way.
https://t.co/f716Vd3pY2?amp=1
I think that's a large part of US volume. STZ holders swapping out for CGC
Alright I'm just gonna say it...I'll take 1 STZ share for every 2 canopy shares haha.
STZ CEO Rob Sands on CNBC. Said that "sooner than you might think" he expects the US to reschedule cannabsis & decriminalize it federally - making it a states right issue. A little more candid than Bruce's plan for US market but makes since why they would want to have a couple extra billion cash on hand for a rainy day.
HahhahH cheers man!
Yup and controls the board essentially - they will nominate 4 members to be on the 7 member board)
Good morning ya'll lol
According to betting bruiser on twitter, they lost 100,000 plants ???
Updated inventory....feel free to let me know of any corrections. Canopy looking good as far as inventory.
https://docs.google.com/spreadsheets/d/1l2gq48Hg4j0qPLrh8INBiJ6KTQU1tI8YWZmlyamFPz4/edit#gid=695319221
https://www.reddit.com/r/weedstocks/comments/97cyq2/canopy_growth_corp_earnings_released/?st=JKUARSZD&sh=14202bff
42% Q over Q growth in Germany and a ton of inventory
Where did you see that?
If you want to waste 22 minutes of your life, watch Minister Mulroney and Minister Fedeli dodge every question yesterday, repeatedly say it is about the children and that they will consult! Hahaha
Think of the children! Ontario must consult for 8 months instead of looking at the governments own data that they just collected pass legislation - and was good enough for every other province to implement a strategy timely.
Retail stores launch in April not January. Woop woop
Lol so you think 8 months from now is an adequate amount of time....to open stores to put product on the shelves? While other provinces were given 4 months from Royal Assent (June 21 to October 17.) Maybe you didn't watch the two morons speak yesterday, but it was basically like listening to the conservatives during the meetings prior to legalization. This delay is for the kids!
Yeah yea we knew the private retail was coming weeks ago. The only real news yesterday we received was brick & mortar delay. Sometimes I wonder if there is such thing as negative news to some on this board - or if everything is perma bull.
I am reacting to today's news. We have known / suspected for weeks that they were switching to private. IMO, 8 months is much too long to implement private retail. It's selling weed for god sakes....
There literally will be zero retail shops until April 2019. Zero = all
Right and all of that is good - but we were going to have a large presence in Ontario regardless.
The average guy buying weed today is not going to stop buying from their source so they can order online from a government website. The people that don't really indulge - but would like to try it - will likely still wait until there is a storefront with a human being to talk to. This is recreational not medical...how often do you make your beer purchases 3 days in advance of consuming it? That is the expectation for recreational when you order online. Not to mention that's 6 months of loss revenue from any sort weed sales through tourism - that will all go to the black market still. Wouldn't be a huge deal if it was a smaller province but Toronto is pretty big tourist spot. I had thought about coming out there in the fall myself but maybe summer 2019.
It won't go through canopy online those 6 months. Only through Ontario government site as the sole wholesaler.
If it gets the mayors / city officials re-elected because the municipality is in a largely conservative area, then sure.
They are giving municipalities the option to opt out. That's not the most positive news either
This is way too long of a delay for stores...they don't need 8 months
Would be pretty lame if it's online only to begin, poor showing from the most important area....
https://mjbizdaily.com/ontario-online-only-cannabis-sales-move-to-private-retail/
Lol always on time with the short call
Chuck and Brown calling canopy out
https://twitter.com/crifici/status/1027373286651379712?s=21
Haha I can do some research!