RE:RE:be wary of low instituional ownershipCurrent licensed and operational growing space is around 600,000 sq ft. Last quarter their yield was 7394 kg of bud which is about half the yield some peers in this industry. So their current operational performance does absolutely suuck.
Canopy has announced expansion plans that will expand their foot print to 4.9 million sq ft of grow space. The news releases of expansion have been vague with no concrete plans of expansion costs and completion timelines. And these expansions are spread over 6 provinces which adds complexity to operations.
Frankly I am not impressed with their current performance of building grow space. News releases are all smoke and mirrors and not solid timeline planning. Canopy to date has not proven to be a good builder, they just prod along.
Operationaly their yield performance is about half of what it should be. Therefore the operational costs are crazy on a per gram basis. So to date their operational performance is substandard compared to their peers.
With CB in the picture now I expect managerial changes that will strengthen their project management team and start to bring clarity to timelines of capital projects.
Operationally, facilities of differing configurations spread over 6 provinces will be very challenging. A solid core of process/quality planning and strict adherence of best practises will assist in getting the facilities operationally successful. Bruce may have marketing talents but he is not a successful builder or operations manager.
But as of today, none of Canopy’s production facilities can be considered operationally successful. They will be when they actually make profit.
If you cannot show profit, all the hype is BS.