RE:RE:RE:RE:David KleinGrape outlined Canadian Cannabis sales pretty well. The kicker to Canopy was indeed selling their own product to the OSC then buying it back for their retail outlets. Had Canada did it's review of the Cannabis Industry on time this model may have been changed and Producers may have had the opportunity to directly sell product to consumers without the overhead of first running the product through a government 3rd party.
Canopy moving away from retail simply means their product will be sold to consumers through other existing retail outlets (as all other legal Products do). The cost of running the stores, the overhead to manage them etc will produce cost savings for the company and move it to profitability in a shorter timeline.
TheGrapeOne wrote: Same way they and all the other Lp's have been doing the entire time.....
You know how the system works right?
The producer does not ship to the retail stores directly they ship to the provincal body who distributes to the stores.
This is a flawed system set up by the provincal governments. What it means is Canopy would sell to the OCS then have to buy its own product back to sell it again in the retail stores.
In person retail is not what it was 3 years ago before Covid, online is cheaper and easier for the end user to use.
This is a smart play they unload long term leases and can now focus on production to support the provinces instead of retail locations that were more than likly loosing $
TheProphetElijah wrote: Ummm how do they move product now