Next round of Cash for Canopy will be a mortgage As much as short term players hate financing/debt, the real investors know access to cash is WHY Canopy is where it is today. Proper financing allows a company to execute. And Canopy has ALOT of execution to do very soon.
IMO Once the rec bill is signed, you will see banks de-risking the Industry to allow cash to be borrowed. The factory that Canopy just bought will be leveraged for a mortgage, including all the money we spent inside to retrofit. At the cost of debt today, it would be foolish NOT to exploit this on behalf of shareholders. We may even see the BED/Tweed Farms/MT facilities get mortgages to facilitate further funding. All at no cost to shareholders.
We will be able to pay these mortgages off just with the money we make off MMJ sales (40% of the market). Is APH going to get a mortage on a Phase 4 dirt patch? Smaller LPs wouldn't even make the kind of money to allow a mortgage.
This company is a snowball rolling downhill and reaching critical mass. Anyone getting in the way will be crushed.