CV Sciences Inc (CVSI)

[Wolf-man jack]

Some insights from the interview..Especially the one comment Highlighted in RED you understand.. CVSI Long and Strong......ahooooooooo E.F.Wolf

June 21, 2019 marketwatch

Canopy Growth Corp. co-Chief Executive Bruce Linton defended the company’s widening paper losses Friday by contending that paying employees with stock is every cannabis company’s financial and social responsibility.

In a telephone interview with MarketWatch on Friday, Linton focused on the stock compensation, contending that giving every employee stock makes the entire business stronger.
“I think people should say, ‘That’s awesome’,” Linton said. “It’s not like Bruce took it all. It’s distributed across the company in a very nice way so that everybody is aligned, works really hard and wants to make it successful.

”“If we had zero stock-compensation loss, we would have a much lower loss and a much worse company,” he continued. “It’s an accounting element that I don’t think makes people appreciate the value of options, that I’m hugely in favor of.

”Linton said in the call that he expects about half the provinces will be able to launch edible products immediately on Dec. 16, when sales are set to begin, adding that the private companies involved are reacting more quickly than the government-run stores. Linton also said that the company believes it can hit a C$1 billion revenue “run rate” by fiscal fourth quarter 2020, mostly thanks to Canada sales.

In the conference call, CEO Linton said that in the long run, Canopy Growth will have the capacity to use its hemp facilities to grow and process marijuana once it’s legalized under U.S. federal law. For its current hemp and CBD operations, Lindon said that there are a number of states that will allow a “full spectrum” of CBD products including drinks, edibles — so long as Canopy doesn’t make health claims.
Chief Financial Officer Mike Lee, who joined Canopy Growth from Constellation Brands Inc. said in the conference call that he plans to implement several changes to the company’s accounting policies: he plans to issue segmented revenue in the future, move the company’s accounting policies to U.S.-generally accepted accounting principals, and attempt to integrate acquisitions more quickly, among other things.










https://marketwatch247.com/cannabis-watch-canopy-co-ceo-defends-large-losses-as-a-deserved-reward-for-pot-companys-employees/