RE:Dismal performanceSilentbull wrote: Another weak quarterly performance by Canopy. The co should lose the word growth from its name coz its not growing at all, been on decline since the start of the year. The only growth part is the CEO's salary. Wonder what makes board think that giving Klein 30 million dollar salary is prudent. This needs to be performance based not on the whims and fancies of a disconnected board.
Why is canopy on the decline in the canadian market? This co has already lost over 3.35 billion cash in maintaining the production facilities. At this rate of cash burn, canopy would need to raise money again in a few months.
This ship is still not course corrected IMO, the fair market value is 2 billion cash + 2 billion enterprise value=4 billion which means the share price needs to reflect that and should be around $12 CAD. Lets see how soon the market forces work to correct this gap.
GLTA
You make some very uneducated point. Dseegs mostly corrected you.
A: 6 Weeks of the quarter did occur in a lockdown. And their bottling plant was just getting up and running. Ontario is opening approx 25 stores per month. The last thing canopy will need to do is raise money. At the current cash burn, they could continue for 21 months. However, Im waring up to D.K nicely. Canopy is a CPG, asset light company now. The canopy ship is clearly correcting course. Big ship, requires a little time. Although, the pathetic retaill roll out couldnt have been any worse really, even that is correcting. Nation wide we'll have 500 more stores same time next year. A good amount of smaller LP's wont exist.
I recommend keeping the eye on the welll communicated prize. Its already started. First and free, Bio steel, Martha's animal cdb line. Perhaps the polls might be more accurate this time. If thats the case, WH and senate flip are happening. Trigger acreage deal and maybe buy another mso ( I like gtii) good CPG leardership over there. Hands down, there's more money to be made is CDB's, purely because 60% of the poplulation is a potential costumer. I havent heard what the margins are on say first and free, but I imagine very healthy. Asset light! I like these words...