The Next MoveWhat is Canopy's next move? I don't think they will ever be profitable in Canada so where does that leave them? I would expect at least one more site closure in the next 3-6 months. The earnings call in a few weeks will likely be more of the same but hopefully not as devastating as the last one in terms of bleeding market share.
I think Biosteel and beverages show promise but both of those are years away from making any substantial impact. With US legalization seemingly years away, my money is better left on the sidelines for the time being.