Which is why Canopy is diversifying into so many other products and areas. Just as Amazon realized very early on that they would never be a global dominant company unless they sold more than books. They began selling all sorts of goods and turned themselves into an empire. Thus Canopy is seeking to do sort of the same thing. Beverages, medical products, cannabis dna splicing and experimentation, cannabis products for pets, hemp and hemp related products(market expected to grow by 22 billion over the next 5 years), etc etc etc. They have multinational deals in place to take advantage of not only our domestic markets but also internationally. they are poised to take advantage of any new legalization in other countries as well as being up and running if and when legalization comes to the entire U.S.(just a matter of time)
So if your just focused on the actual price of weed itself, then you fail to understand how to build a mega company for the future. You MUST diversify and do it quickly to outpace your competition and gain a foothold early on. You must burn through a ton of cash to achieve this but so so with plenty of cash reserves or you risk going belly up a few years down the road. Canopy has no problems in the cash department and won't face the neck squeeze that other smaller companies will in 2-3 years.
Canopy is a long play, it's not a buy today and cash out in a week type stock. Sure I've made a lot of money already by getting in early but the real money will be seen 5 years down the road. They have laid the groundwork and continue to build the road to the future. Anyone not seeing that is a fool and will wish they had bought in but alas you can't travel back in time. How many people wish they'd of bought Apple, Amazon, or a few others back when it was in it's infancy.
You do what you want, it's your money but I continue to buy more and more of this every time it dips.
