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Thanks. It's pretty easy to see the green light here. Actually, for those who care to get their metaphors correct, it's the bright light at the end of the tunnel. :)
Probably (and ironically) the most conservative justice on the SCOTUS. If declassification doesn’t come soon, all it will take is one case that goes all the way. Soon come!
It’s kinda interesting that this board has gone from everyone being excited about share prices rising to one where no one comments unless they think share prices might fall. Interesting, but sad. Only the doubters seem to see any point in engaging. The way I see it, we’re looking at a glass that is still way less than half full. So many seem to bet against the inevitable success of legal over black market. What are they thinking? I’m totally for the long game. Go CGC!
Do you know the difference between marginal cost and average total cost?
How do you know Canopy’s production cost? You keep making this statement without any facts. Not everyone wants to grow in their backyard. Constellation already knows that the vast majority of consumers prefer buying beer in stores. Almost no one wants to home brew.
Seems like Canopy’s executive team has been focused on lowering costs, so there is no problem there. At the same time, they are #1 in Canada for sales of dry flower (who doesn’t like a good bud? Consumers are obviously voting with their dollars). At the same time, Canopy is ahead of the game by diversifying into value-added and branded non-flower CBD and THC products. Sure, it’s too late to get in at the price from 2015, but anyone not buying now is just a loser holding a small-dollar short bet, a risk they probably shouldn’t have taken in the first place.
Facts matter. Thank you!
Here's what Canopy actually said recently (Jun 1, 2021):
"Company on track to achieve positive Adjusted EBITDA during the second half of FY 2022 and strengthened balance sheet provides additional fuel for growth."
Keep in mind that their Fiscal 2022 ends on March 31, 2022, so the second half of that fiscal year is only three and a half months from today.
Just the facts.
I don’t get it. What’s the risk of a black market going legal? Where is the logic in your argument with the obvious value of CGC? Don’t even try to go back to that “NO PROFIT” short term BS! The share price keeps rising!
Also, when earnings came out last week they said positive earnings were expected in the second half of fiscal 2022. That’s only a few months away. Might be a good time to cover your short and move on. ??
Putting out that public statement doesn’t mean the company is in bad shape. It means they are honest, transparent, have a plan and do not want to create false expectations. Shareholders who don’t like the company should put their money elsewhere. Shorting is fine if that’s your personality, but don’t expect that talking the company down on this board will do anything to make the price fall. You are really only talking to a handful of retail investors. It’s the institutional investors that move the market. Cheer up!
How recently? You’ve been repeating that line for about 18 months.
How do you know Canopy’s production cost? Is it possible that legitimate and legal things like paying taxes aren’t included in your back-of-the-napkin calculations? Canopy is a legit and growing company. If anything is doomed, it’s the black market. Time to move on. Cannabis is legal.
BTW, meeting or beating expectations is all that matters to investors. Everything else is just lips flappin’ and armchair guarterbackin’ about what it takes to run a business.
That’d be right in line with analysts’ expectations. It might sound like a lot of money to you, but for Constellation it’s not so much. All I see is upside. Go CGC!
Not uncommon, but the dips are still higher than the lows. Legal industry! It can only grow. Go CGC!
Your idea of disaster is any dip. Who knows? Most cultures have a version of the boy who cries “Wolf!” I think that applies here quite appropriately.
Nice. Just repeating what we’ve all seen before, as if the past was a prologue. What you’ve left out is that the dips keep getting higher and the value of CGC keeps going up.
So cool to see OG order numbers!
Happy: You and I are on the same page. Why be angry and underground, when you can be legal and free? Save your seeds if you want to grow, but that's not the trajectory of where cannabis is going in the future. FREE THE WEED!
Actually, CGC was upgraded by analysts this week. Maybe you should read more. Management’s profit guidance for “eight quarters” was actually refreshingly honest in a developing legal industry. CGC is delivering results, BIG TIME!
What facts do you have to support “earning will be really bad?” Aren’t you just making such statements to support your short sale strategy?
Exactly! So why should anyone be watching out? Maybe for an earnings surprise?
Why is that a bad sign? Insiders always sell on a preplanned arms-length basis to avoid conflict of interest and keep their personal portfolios balanced. You’ve used this before, like it means something. It doesn’t.
I don’t follow the charts, so no, it doesn’t look familiar.
Yes. I’ve been thinking about the Reddit effect too. It set some very high expectations and then poof! Gone! Back to normal now.
Why do you think that is so?
You make a good point. We’ve always thought about the value of Constellation’s investment in CGC, but less thought has gone into what it would mean for a global leader in beer and wine to become the first major player in that category to have acquired a cannabis company.
Martha’s CBD gummies are great. I’ve bought them twice. Her design and packaging have great appeal. She will definitely help the CGC team reach a bigger audience. There are many people who are still cannabis-shy. Martha will help mainstream CGC products.
Here are three: 1) Double digit revenue gains, 2) Much better cost management than when Bruce was in charge, and 3) Sequential improvement in quarterly earnings. CGC management is doing a great job and leading the sector.
CGC is certainly not the first company to win big despite early losses. Management is doing a great job.
Shorting is fine. But engaging in a constant barrage of false criticism and negativity is just bad for the soul. Canopy is doing quite well by all measures, even earnings are sequentially improving.
Lemme see... How about cannabis being legal, expanding globally, Constellation cash, branding knowledge, and global supply chain abilities? The list could go on. If you think you are moving the market with short intended posts on this board, roll another number for the road... CGC is a great buy!
Is there any example, even just one, where public markets were not the death of the black market? Go figure. I know that can be difficult.
Daily trading is a waste of time when buy and hold produces the same results. Of course, that means one might really need to understand business, brands and public markets.
Correct on all points! Go CGC!
I doubt we will see positive earnings this early in the new public industry game, but share prices will continue to rise over time. Good things come to those who wait.
I’m making plenty, have been up six figures for years. CGC is a great investment that keeps on giving.
Time for you to sell everything and move on! Legal weed obviously isn't good for you.
Every outcome has a probable chance. I prefer optimism. So far that has worked out quite well.