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In the end, revenue increased just under 3x from last year, Q over Q or year over year, but net loss increased 4x. Take from that what you will.
Is it just me or does charging $30 for tickets to the Shindig look really stupid? Canopy is treating this as a revenue generating event??
Rapsey re-branded Bedrocan Canada as well.
Certainly, Rivers looks like a reactionary move to Chuck's new venture.
I was at the O'Cannabiz conference in Toronto last week and everyone is talking about Cannabis Wheaton and their streaming model.
13 signed streaming deals announced yesterday by KWF vs. 0 deals puff piece by Canopy this morning.
Glad I've been peeling back on $WEED. MedReleaf IPO is going to keep the pressure on - their numbers are insane.
Predict Canopy is no longer largest market cap by August 31. Will check back in with the board then.
Good luck to all.
Hi everyone,
50k posts. It has been a fun couple of years following this board. Liquidating my Canopy position over the next little while and moving into other LPs and non-LP cannabis investments.
Following this Mettrum acquisition, Canopy will be bloated and I do not see much upside relative to peers in the space. Sure, Bruce will keep printing paper and growing scale and market cap through expensive acquisitions, but I think it will be very difficult to grow the SP beyond recent heights.
Good luck to the longs and hope it hits $17 again for you.
Herb
Mettrum puts the meh in marijuana.
Their shareholders will be luckier than Bedrocan's if this deal goes through. Mettrum is a dog. Slowing growth, small footprint, lacklustre brand, no social media presence.
I'm sure the Mettrum leadership team will move on and cash out.
umm.... Vice is Canadian. Founder was born in Ottawa.
Congrats to GreenGold and his $17 price target!
I didn't last but what fun. It'll be back I'm sure one day. Perhaps sooner than alter.
Before the election, Bedrocan was running out of cash. Looked like a crash and burn.
Let me tell you. Terrible waste. Absolute disaster. Yuge mistake. Believe me.
The BED acquisition was the biggest destruction of TWD shareholder value. 60/40 merger for what appears to be less than 10% of current operation. TWD shareholder's gave up 30% that day and IMHO we would be trading at the same market cap without Bedrocan today with far fewer shares outstanding, that would be a $10+ SP.
I would expect oils reduce the number of orders but increases the average order value. Oil is also more efficient so it would reduce the number of orders IMHO per customer.
I stand corrected. Must be a carry-over from TSXV because they were TSXV listed during Q1.
TSX Venture is 60 days, TSX is 45 days. So CGC should be reporting today because the deadline is actually August 14th, on Sunday.
Even for the TSX, Canopy is a high volume stock. Great stuff.
http://www.financialpost.com/markets/data/market-most_active.html
There was a 9 or 12 million share day in April 2014.
<golf clap>
Unfortunately, the math isn't wrong. 250k is 0.25% of 100 million.
Whatever the rec+med market size is, it's at least $5 billion a year and with new licenses coming on board, let's say Canopy retains only 10% market share - that would be $500 million per year in sales.
Yes, much of that might become wholesale but at that scale, margins improve and all the marketing selling costs of selling $100 million of weed to the LCBO is minimal. Maybe profit improves on wholesale vs. retail.
Whatever it is - what is a company in this industry that is dominant in a growing sector with 0.5 billion os sales worth? 10X revenue? 5 billion? How much is that per share?
I like what the future has in stock.
It's illegal to drive when you're too tired but there's no test for that.
Like I said, green DUI is an issue but legalization won't ever be delayed to fix that. Gov doesn't get liability for DUI with legalization.
I disagree. One has nothing to do with the other.
Legalization will not wait for driving under the influence technology.
People are already driving under the influence of weed legal or not. That is a problem worth solving but you don't delay legalization, tax revenue, putting safe product in people's hands and removing criminal possession charge risk because that problem isn't yet solved.
Legalization solves the separate problem of black market supply, criminalizing drug users and product safety.
CGC is the dominant brand and production platform in Canada for production in a tightly regulated market that is set to expand by two orders of magnitude with legalization in the next year or two (or three).
One person's hype is another's fundamentals. How much is the likely dominant market leader of Canada's $10B pot industry worth? Even after applying a big discount for regulatory unknowns, I would think more than current market cap.
Brand marketing vs direct marketing.
The point is that people are talking about the sponsorship. It's about awareness. That you remember that Scotiabank brought you the concert is the point.
The Jamaicans, according to media, we're not impressed with Marley's brand being sold to a trio of Ivy League fund managers. Not surprised they did not get the sponsorship.
Read about Blaine. I bet he's rastafarian. Tweed head of international expansion a rastafarian? That would be neat.
Living under a rock Mike?
Hey TM,
Just ignore the awesome sounds of silence of your decisions on board settings. I am.
Here's to future growth!
Also, to the longs who've been selling for short term profits: what are you thinking? No one can time the market so you're lining yourselves up for a big disappointment if/when this CGC goes on a big run and never looks back.
Pick a price target and hold tight until then IMHO. Best advice I ever heard: make your trading decisions after close and before open.
Herb
Agreed. Legalization is 100% happening in the next year or two. If we are unlucky then year 3.
This is a core promise of the lib campaign and when a new health minister is announced on November 4 I will bet that the timelines for the legalization process will be announced by him or her soon after. There is no other Health Canada related promise I can think of so it should be Heslth Canada's top priority going forward.
Good things to come for CGC I am sure.
Of course they are. They have no relevance post legalization. Wilcox and the gang are prohibition profiteers.
I will bet that the cash is to shore up the balance sheet for uplisting to TSX.
I am going to go on record and predict a Liberal majority. Polls are 3 day averages and Lib momentum is surging. Add NDP swing voters and it's a decent possibility.
I got my sell order at $17. lol
It's no accident that Tweed filed its audited year end statements within 60 days of year end (the TSX limit) vs 90 days (TSX Venture limit), to show they're ready for uplisting. Bedrocan would have been the main delay from there and now that's complete.
Prediction: now that name change is complete, Tweed will complete uplifting to TSX proper by October 31st.
Who do you like in the U.S.?
Cute. I actually said:
"10% rolling ESOP is pretty standard public company fare. Can you show me a company that doesn't have one?
I'm no fan of Bruce's bonus but he hasn't been granted any stock options, yet. "
Try reading more than 1 sentence. No sense arguing a point with a fool. Adding you to the awesome sounds of bonobo lists.
Bruce has been granted 0 options. Are you on the sauce?
Bergycb, Apple in fact appears to have granted $10 billion worth of restricted stock units to employees.
http://investor.apple.com/secfiling.cfm?filingid=1193125-14-160171&cik=320193
Although this represents about 2% of Apple's shares, RSUs are better than options as the $10 billion is in the money vs. only the stock appreciation on options.
You also fail to realize that when Tweed renews the 10% employee options, many of those options are already outstanding. They aren't granted all at once, so, indeed, YES, Apple is doing the exact same thing but with stocks instead of options.
Again, show me a public company that is not granting options or RSUs and I'll owe you a joint.