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Tuesday, July 26, 2022 1:17:32 PM
Why though?
Why would you expand your business overseas before you fine tuned your business in Canada, your only meaningful market in the whole world?
The picture in the story is a defunct Canopy Growth greenhouse on fire. The greenhouse was once called 'the biggest in the world' and cost the company (and its financial backers) over $500 million. Last year it sold for $40 million.
-R.O.C. Investments-
@RocInvests
I think they’re expanding internationally bc they looked at their costs and they determined they’ll never survive in CA with the low product prices. They’ll run into the same problem internationally when those prices drop and comp increases.
That misses the point. It's not low prices or high tax that's killing them, it's the fact that they're only selling a fraction of their production. No CPG/ag business can survive when selling 20% of production. It's impossible.
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