Cannabis 2.0 Products Strong ! Consider this !! Still having a coffee here so I haven't ran the numbers yet but off-hand it looks freaking awesome IMHO ! :) ... Oh.. Good Morning BTW !
Here's what I am looking at:
Canopy has a line of smokable products as well as medical products that have been available to the market for a number of years now.
Medical has been making up a good portion of sales for each of the producers licenced to provide those products.
Recreational products have been available for over a year now and have been increasing in sales QTQ over QTR every since they were rolled out.
Most of the producers have been seeing anywhere from 10 to 30% increases in sales each QTR
Cannabis 2.0 product have only just started rolling out and they made up, 5% of sales in less that half of one QTR
Need to run the numbers for my own projections but this is how I will approach it...
What happens to the revenue numbers when you consider the dollar value of the Cannabis 2.0 products then work out what a full QTR looks like then start adding 20 to 30% growth on that QTR over QTR while the smokables and Medical continue to grow ?
Still lots of room for rec pot sales IMHO as we do not have enough stores in Ontario and the majority of provinces across Canada
Stick around for the long haul IMO, if you are selling try not to dump all your shares and get left behind !
GLTA
Q