RE:I think BC Tweed is a game changerJGoldsmith wrote: Canopy bought the BC Tweed facility on Oct 11. It’s 3,000,000 square feet. By my math, that should produce $1 billion a year in revenue. I don’t think anyone else can touch that.
How long will it take them to get it licensed for production? Based on some of our prior licenses my guess is 7 months. Which would be crazy fast for a site of that size. But let’s hope by March, so that supply will be ready and factored into legalization day purchase orders.
I really hope the MOUs they get moving forward consider that no one else can deliver. Canopy is 5x bigger than anyone else by production capacity. Key is to get that BC Tweed licensed so Canopy can say “licensed production capacity”. When that happens, we should start to see some meaningful separation in market cap between Canopy and everyone else.
Canopy Growth owns 2/3rds of BC Tweed, their partner owns the other 1/3. And BC Tweed still leases the facility. The facilities will be low tech so less renovation required but when in operation the yields will vary with the weather
With 665,000 sq ft of combined indoor and outdoor grow, Canopy only produced 4167 kg of bud equivalent their last posted quarter.
Maybe the BC pepper farmers can get better output.