Overall thoughts...
Just finished listening to the call and I am actually happy the direction the company is going.
Klein and Lee are definitely tightening up the ship and going over the weak points in the company and making the necessary corrections.
Next Q before we get specific details.
Any new CEO coming in will need time to put their stamp on things. A nice button down hard numbers based approach is what I expected and it is what we are now getting.
(Mention of the SAP ERP rollout across the company will take some time to do, again depending on the existing ERP structure in place. This is a company wide procedure and will take months and on going. This is a normal thing for those not familiar with new ERP rollouts.)
There is still a wait for full roll out of vapes (going through the proper UL certification steps right now,) and unfotunately Beverages are going to be delayed for another few months til they are able to scale up and work out the kinks in this new product category.
Going over the FS and MD&A right now and then re-listening to the conf. call and reading the transcript if that is released later.
Note: Klein mentioned that Canopy is switching over to US GAAP and as such Biological assest will no longer get reported as it has been in the past. I think this now falls under Agricultural? Will see in the future Q statements.
Short term pain for long term stable gain is what it is.
I likes it - nice and steady the way to go right now.