Post by
quinlash on Apr 19, 2024 11:06am
RE:Forecasting any profit
Canopy Medical is already established in Germany and they just went legal so that's a new / expanding market for Canopy. Canopy also exports to other regions of the world and you can learn more about that from visiting their website and actually doing a little research.
The US is now on a "ASAP" timeline to re-schedule cannabis. No one can say for sure what "ASAP" is going to look like but my speculation places that event sometime prior to the US Election. Feel free to give it some thought and speculate for yourself.
Canopy is one of three major Licensed Producers, it has survived the beating that the markets took during the Covid years and, during that time and beyond, has optimized it's operations, continued to releae new and innovative products and just recently started it's move to consolidate three of it' US operations under the sole Canopy USA (CUSA) ticker.
The CEO has done a number of interviews where cash flow and profitability are discussed. Check their website for some of this content but you can also pick some up from YouTube by searching "Canopy CEO interview".
If you prefer to be into the Cannabis sector but would like to consider one of the other three major LPs then you can research Aurora Cannabis (ACB) or Tilray Brands (TLRY). ACB is focused on Medical while TLRY offers Cannabis (both Rec and Medical) but also has a line of alchol products.
No one is begging you to invest in Cannabis nor in Canopy Growth, Do Your Own Due Dilligence and make an informed decision. Forums are not a replacement for rolling up your sleeves and making an effort.
Best Regard,
Q
Comment by
charlie007 on Apr 19, 2024 11:27am
Have you transferred your shares to cusa? How did that go?