Rough Day today
The Germany news is going to wreak havoc on the share price u til Bruce makes some sort of a statement regarding this. Bruce placed a lot of emphasis on the German market and canopy did not deliver. Germany's goal is to supply their domestic market with domestically grown cannabis so when domestic cultivation meets demand, imports will be eliminated which would essentially shut Canopy out of what Bruce called one of the most important markets. I see a lot of your talking about our cultivation in Germany. Canopy does not have cultivation in Germany, we strictly import cannabis. As for the person that's drowning on and on and on that they don't like the price or roaring after getting for their cannabis, those prices are for dried cannabis only. Aurora and aphria now have their foot in the door and will be able to leverage their cultivation licenses into supplying much higher margin products such as gel caps and oils. For those of you not familiar with retail, it's called a loss leader. This is a serious blow to canopies expansion plans in Europe. I still hold my full position but I'm watching carefully for the explanation that is bound to come out sooner rather than later.