RE:RE:RE:RE:RE:RE:RE:Time for a turnaround! Shfiftyfive blocked me so he has no relevant concept of my recent engagements/comments on this board. So far ive only really made 2 big predictions... one that we wouldnt go to ATH again and i was wrong and admitted that recently along with my apology.
The other was to sell the legalization date which was correct to the tune of 40%? My recent target may not have occured yet but that doesnt make it wrong? Not sure how we can call the race when it aint over yet? Mayham you and I have first to $47 or $38 which I think is a fair friendly wager. If we get to $47 then I am wrong.
But when it comes to contribution? I gaurantee Ive met with more companies, read more financials, talked to more insitutional and high-net worth players in the space to have a much more educated view on the industry.
I actually met with a company that is going to destroy the LPs in 7 years but it gave me more confidence that Canopy may be the only one to survive whats coming. Execution will be key and its too much of a black box to invest 80x sales at this stage when you are only betting on the proper allocation of $5B in an industry thats splintering in directions.
With how the industry is playing out Canopy will need to make short bets to capture the next 1-3 years of acceleration, but also 5-10 years revenue streams which will obviously take longer to materialize but will be key to offsetting the revenue DECLINE from its original investments.. For example.. The investment in grow facilities will have to be written off in 4 years when Canopy starts to shut down/divest its growing facilities...
This post isnt long enough to devulge all specific views on the industry but most of the people on this board dont deserve that type of insight anyway.
Mayham - we can talk in DMs about this whenever you'd like.