Replies to post #47526 on Canopy Growth Corp (WEED)

[YodaLayHeHoo]

That's pretty much where I have them too. I had them at 300 million sales. 100 million medical and 200 million recreational. They'll sell whatever they can produce pretty much. That's why we're seeing the companies raising so much money and expanding. That's a different way to look at it. Valuing the marker at 1 billion year one is quite conservative but maybe if production doesn't catch up realistic who knows. My thoughts are if they do hit those kind of numbers year one this stock is going to bring rediculous returns because it will be trading on future projections not current revenue. I company that grows from 80-100 million sales to 250-300 million in one year will not be trading in the 1-2 billion mark. I sold Dollarama at 20 something dollars they were grew similar and they made 300 million sales the following quarter and the stock took off and never looked back. I think last quarter they had 900 million sales a stock price of 100 and a market cap of 11 billion. I often compare these companies because I think they will have similar growth and a similar time frame. GL don't get shook if you belive in yourself and your evaluation. Bruce our CEO is a believer that's for sure. Even has publicly stated he's shooting for 40% of the rec market.


https://www.google.ca/amp/www.obj.ca/Local/2016-09-15/googleamp-article-4641418/Canopy-Growth-Corp.-aiming-to-dominate-the-world-marijuana-market,-CEO-says

[Greentime1]

I don't post much but am long CGC. My profession is real estate appraisal and we use comps to develop an opinion of value. Right now, CO is the best comp. WA and OR numbers are relevant.

Are you sure those CO numbers are for rec only or are they inclusive of all MJ and MJ derived product sales?

[Greentime1]

[stoner422]

I don't think you can rely on CO population though in figuring values. There are so many people going into Colorado and so many other people shipping product out and those numbers aren't known. I've heard from quite a few people here in NY that "I've got a friend in Colorado". Now multiply that by 50 states and really how much weed is being shipped out? That doesn't affect the bottom line of sales but it does obscure the population metrics when your applying them to sales. When Canada does become legal I'm sure there'll be a healthy business of tourism for weed along the border states but not so much bringing it back across the border.