Canopy Growth Corp (WEED)

[GreenKnight]

I exited ACRG this morning FYI. Yes you’re right that is a big concern because the reality is, in this still nascent market, like 45% of sales are flower. 2.0 products are starting to climb, particularly gummies and chocolates, but Canopy stuck their neck out with the drinks, and are aiming at this kind of “untapped” market of “new” users migrating from alcohol or sofas / those enjoying seltzer water with weed etc....

So YES ACB and Redecan (Private) and probably Aphria are rocking the flower sales. IMO, because Canopy has the war chest through constellation, they COULD buy up other outfits to grab that market share.......... if they were prepared to deal with more overhead... BUT in my eyes they are really really not as concerned with the Canadian flower sales and more about the actual “big picture” branding and rollout in the US. So yeah their revenues are shit because they are not focused on flower... Bruce said a long time ago “there is nothing to buy in Canada,” but I have always questioned that as these valuations have tumbled..... Perhaps they SHOULD just buy an operator in Canada... So yeah their flower sales are pretty shitty and 50% of the market is flower.... and like 30% is gummies which they are not YET involved with but will be through Rivers at least....