Canopy Growth Corp (WEED)

[Docev]

Not a whole lot of new info from the presentation today. After the presentation I asked Bruce about CHI going public as it was initially proposed to go public March 2017 when they did their private round of financing October 2016. He said they intend to keep it private for now and the interesting part was it needs about $180M-$200M more in financing to take the leap to the next level of the evolution of CHI. Who has deep pockets to invest that much privately? In the same conversation he said without a doubt Canopy Rivers will go public before July 1, 2018 and it is EBITDA positive already. Half my table were TD guys. They said TD is about 2 years away from being able to get involved with and lending to global players like Canopy. The bank is however warming up to lending money to smaller players who only operate within Canada. Also during the presentation he said 3 years from now he expects higher revenues from the global medical side than the Canadian recreational market.