RE:RE:RE:RE:RE:RE:Inventory is $$$$$$$$$$$Hmm, what other country is even close to becoming fully legal do you think?
INVSTIGAT0R wrote: Wow haha yeah not much sleep this weeekend, I messed up that math. I meant PS of 20 puts us around 80. I also do not think we'll somehow go from a PS ratio of like 300+ (currently) all the way down to 10 in a hyper growth industry after 1 year of sales. Won't happen imo. We could end up with a PS ratio of 15-30, though probably still pretty volatile. It really is a guessing game though. Who really knows what PS ratio the markets will put us at in a year or 2. I'm guessing the biggest influence on PS will be prospects outside of Canada. If there are any big changes starting in Europe, Australia, LATAM or the USA in the next 2 years we'll definitely be closer to the high end of a 15-30 PS range. I do believe the industry average in Canada might be around 10 in a year or 2 but leaders are always higher. Analyst predictions in the industry have histroically been broken because they're usually conservative. The popular prediction of ~$75 in 1 year and ~$175 in 5 years will likely be beaten. If any other country that Canopy operates in goes fully legal while we're making 300 mil per quarter this will continue to be hype driven.