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Canopy Growth Corp T.WEED

Alternate Symbol(s):  T.WEED.DB | CGC

Canopy Growth Corporation is a cannabis company. It delivers innovative products with a focus on premium and mainstream cannabis brands, including Doja, 7ACRES, Tweed, and Deep Space, in addition to category-defining vaporizer technology made in Germany by Storz & Bickel. The principal activities of the Company are the production, distribution and sale of a diverse range of cannabis and cannabinoid-based products for both adult-use and medical purposes under a portfolio of distinct brands in Canada. Its Canada cannabis segment includes the production, distribution, and sale of a range of cannabis, hemp, and cannabis related products in Canada. International markets cannabis segment includes the production, distribution, and sale of a range of cannabis and hemp products internationally. Storz & Bickel segment includes the production, distribution, and sale of vaporizers. This Works segment includes the production, distribution and sale of beauty, skincare, wellness and sleep products.


TSX:WEED - Post by User

Bullboard Posts
Post by catchascatchcanon Mar 14, 2019 8:38am
120 Views
Post# 29483944

Canopy is going to crush margins of peers

Canopy is going to crush margins of peersI use the AB website as the yardstick of where we're going, given that AB was a massive focus with it's physical store roll-out and door count supremacy vs other provinces. But the OCS website tells a very similar story to be honest. Our oils/high margin products are taking over. Period. On the AB site we have 13 of 30 products priced $90-$220 which is >40% and >70% of product is oil based. On the OCS site we have >50% of all oil based products. Oils were 33% of our sales last Q and were less than 20% of any of our peers. Expect that number to grow to 50% within the next two quarters, even with the roll-out of our multi-pack .5g pre-rolls (whenever that comes!?). Our average sale price per gram was a welcome surprise to the market this past Q and will continue to be so going forward. This is what will truly separate us further from our peers. Our numbers. That said, I'm not sure the improvement in numbers is going to move us up in a material way in the near term given our valuation. But I do believe another master stroke announcement re the deployment of some of our war chest will. I personally have $100 by next April as a very achievable target. it could be $150 if all the stars aligned, but $100 for me is a very comfortable number if we keep executing on our plan. GLTA
Bullboard Posts