Q2 Loss ~1/5 Year Over Year.This is the kind of stuff gains are made of...nice line up of top shelf product to move the show onward and upward, for those that own. The big leap forward for the legal cannabis industy is coming fast, as soon as the US takes back control of their borders again. They will need a well oiled, managed and controlled legal cannabis production/ retail system in place and operating.
Once there is a legal system for the production, marketing and sale of cannabis product in place, or well on it's way the government will be able slap material costs on illegal product on the street. Just the death and overall destruction from the illegal drug trade is worth every asset required. Canopy is one of those assets and will be loaded and shelved of the finest as soon as required.
Some pretty nice product on the Canopy menu today and the show hasn't even scratched the surface to date...the assets in place to date, along with a top self menu second to none and legalization is on it's way legal banking for the industry is spreading across the US daily now.
Cutting costs, improving net margins as shelf space demand dictates, Canopy will be expanding as soon as the government gets the rules and laws required in place, this will happen fast as soon as the Feds figure out the 'wins' coming for them and the country from day1. Everyone needs to do thier DD and buy, sell or hold accordingly. JMHO...Opt
Canopy Growth's second-quarter core loss narrows on easing costs (yahoo.com) Marijuana Legalization in the United States: Navigating the Patchwork of Laws - USA Herald