RE:Canopy Growth says it needs another 3-5 years to turn a prof Ugh - another one of these clickbait headline articles churned out by the media. Notice it's the analysts who are going full throttle negative.
From the conference call here is the full context to keep in mind:
"Based on our current view of the growth of our markets including distribution, retail and the coming expansion of our product offerings, we expect that:
- Canopy’s net revenue will achieve a 1 billion dollar
run rate by the end of the fourth quarter of fiscal 2020.
- Further, Canopy is committed to its Canadian business delivering positive adjusted EBITDA on a quarterly basis within fiscal 2021.
- Still further, Canopy’s consolidated operations are forecast to deliver positive adjusted EBITDA on a quarterly basis within fiscal 2022.
- Finally, we are aligned with Constellation Brands in the expectation that our consolidated operations will begin to
deliver positive net income in the medium term, that is within three to five years. Long term holders shrug yer shoulders and don't sweat it.
Dip buyers and traders do yer thing.
I am buying more of this dip - so yeah keep these negative articles coming - sorry guys and gals I am a greedy SOB and want more cheaper Canopy shares! :)