RE:RE:RE:RE:RE:I agreeDoctorReefer wrote: cb invested in the cannabis industry (via cgc) as a whole, not just in hopes of making huge returns from cannabis beverages, you're just another aurora long hoping it doesn't matter that acb has to keep going in debt or diluting because they have failed to attract a large investor like cb
bionicjoe wrote: This Fall the Constellation Board will say to the Canopy Board where are all those beer sales you promised us? Naturally, the Canopy board will blame the slow sales on government red tape. Face it Constellation Brands, you didn't do an adequate job of DD before you invested large or else the data from 15 States would have told you that liquid refreshments spiked with cannabis account for only 5% of total sales in those cannabis legal States. Yes you heard it right, 5%. I am not hiding a zero behind the 5. Not good enough considering the billions you spent for what essentially is one of the least popular forms of ingesting cannabis among consumers? It seems the Aurora Board would agree. Until there is adequate consumer demand ( ie profitable ), plans for developing pot beverages have been shelved. Good gig for a small craft brewery though. Put a picture of a moose or a beaver on the bottle to show you believe in Canada. You're going to need all the sales help you can get Constellation Brands to make it work.
Aurora is going in debt so it can build from scratch massive state of the art automated facilities like Aurora Sun to drive down the cost of producing each gram of MJ. It has also spent extra millions to make their facilities European compliant so their products can access the 500 million strong European market. These high tech facilities don't come cheap. We're not talking about remodelling old tomato greenhouses with a new coat of paint like some LPs have. Like restoring an old classic 57 Chev or building a custom gorgeous house everybody gripes about expenses during the building phase but once the project is complete and you can enjoy the fruits of your labor then the building costs are soon forgotten. Aurora's plan is to build it and they will come. To not only being capable of supplying the worldwide consumer market but also have enough production capacity to meet a corporation's demands if they choose to partner and develp a line of cannabis products. Canopy can have the 5% beverage market for now. Aurora will gladly lead the way in the rest of the 95% more profitable forms of cannabis sales.