RE:RE:RE:RE:RE:RE:be wary of low instituional ownershipMicroscopes must be used on financial statements to determine if a company is operating efficiently enough to even generate future profits. I have raised concerns about current operations. The new quarterly report may show improvement improvement, we will see.
Binoculars are needed for future growth and require DD of all documents to understand grow development plans and timelines. Go to SEDAR and review their document releases. For Canopy it is all smoke and mirrors; un-named partners, lease agreements but no details, undefined contract conditions, some capital here, some there. In the Oct 11/17 news release; “the company is hopeful that it will have product available from the Joint Venture as soon as July 1, 2018.” Yep 3 million square feet of existing greenhouse currently growing vegetables will have cannabis product in 7 and a half months. Keep drinking Bruce’s coolaid if you believe that timeline.
Expansion requires clear detailed capital, facility and personnel planning, detailed timeline goals with projected outputs, operational costs, revenue and profit forecasting. I have been going through all the Canopy documents and it is all smoke and mirrors. No clarity, lots of vague statements and partnership and lease deals with few details. Sure CB is throwing money in there but I think they will figure it out soon enough and get their own people to take the bull by the horns and execute.
So slightfan1, can you show me any Canopy planning documents that show expected yields for July 1/18, Jan 1/19, July1/19, Jan 1/20, July 1/20, Jan 1/21.
I really want to know!