RE:For the longs Would just chime in here that "the second half of fiscal 2022" is not as far off as it sounds. For those, like me, who are fiscally challenged - and do correct me if I'm wrong Westie - today's ER was for 3rd quarter 2021. Which means Canopy's ER for "2nd half of fiscal 2022", as you have said, falls at the end of this year, 2021. Canopy will report positive EBITDA in EARLY 2022, if not before.
2020 & 2021 have & continue to combine the elements of A Perfect Storm of societal & political opportunity for our sector in general and our company in particular. It's no coincidence that every major LP rose today, and continued to rise after hours, on the Canopy ER and the words of its CEO (among other not insignificant developments of course). The earth's beginning to shake and the doors on the bullet train are closing. This is 2017-18 all over again, but on steroids. Happily, having lived through it - survived it - the first time, I am content to sit back with a big bowl of popcorn and watch the show - you know, that show where the shorts drag themselves, legless and ripped to shreds, across the bloodied sands of the Coliseum and beg the emperor for mercy. Nahhh. Not this time.
WestCoast78 wrote: looks like sector squeeze is going on. We will have many more big days ahead. More importantly, DK just conservatively provided guidance to profitability and eventually FCF. These times did NOT have usa thc factored in. The way now see it, Chuck will spend a few months dialing in the new legislation. Id guess by summer or sooner that goes into law. Two months after we enter usa thc, which will probably be early Fall. The second half of fiscal 2022 we go EBITDA postive. Same time next year. I for one, am sitting back with pop corn, and enjoying the roast whilst enjoying my favourite canopy products.
Arpil 2019 - Oct 2020 was disgusting.
November 2020 - November 2025 will be one for the record books.
Enjoy, all longs, make the most of it. USA THC only happens once, then EU THC also only once.