Canopy Growth Corp (WEED)

[Dogger05]

Congratulations was provided to you last night. Did you mean speculators got it right and pros continue to focus on the future ability of the company to earn a profit. 21% gross margins, calculated prior to non cash bio and inventory adjustment, tells me the future is bleak. Even if you want to accept the adjusted margin of 40% the future is still bleak because they will never meet profit expectations at those margins. Bruce is gonna have to sprinkle lots of magical fairy dust to move those margins as the price of weed starts to fall at some point. But I do give Bruce credit, he has the largest % of the market which is what he set out to do. Unfortunately he was only focused on that, and maybe to achieve his goal he needed to, but it all came at the expense of running a profitable business. The speculators are going to be wrong one day.