Canopy Growth Corp (WEED)

[Bergycb]

Good post. I assume you are a CGC bear. I agree w you i dont see The LPs getting a monopoly on rec. for two reasons: one trudeau wont grant them one in the new regs. Or two even if he does the black market will still come in and take tons of market share. The black market has always been present in any economy and it will continue to be. But let me ask you this, how big do you think the rec market will be (not in terms of sales of picks n shovels) in terms of MJ sales?

And then you admit the LPs will be a player w the dipensaries and the mom n pops and the personal growers. And i get it, as a CGC bear you think most of the LPs suck at growing. But this is where i disagree with you. With billions on the line there will be plenty of companies that will be properly incentivized to grow sufficiently Great product. And i dont see how tweed wont be one of them w their millions in resources. So again, assuming plenty of LPs can grow VERY competitive prdt, how much market share can they take?

I mean if its a 6 billion market (altho you infer 15 billion) and Tweed gets 1/20th of that- thats 300 million$. Do you dispute thats possible and if so why?

Edit- and let me add, if tweed gets say roughly $300 mill in sales i see the market giving it ~ a 3x sales multiple on that. Thats a 900 mill$ Market cap investment opportunity. Based on a company now w a 300 mill$ market cap thats not a bad risk to reward proposition imo. But thats just me. Its seems to me the market is large enough for plenty (ie LPs and non LPs) to be successful.....