RE:RE:RE:How is Canopy's revenue lower than last quarter. They say WebSwinger wrote: Pretty sure you’re lying through your teeth. Also, there softgel and oil prices are fine. The only thing Id May suggest is selling smaller bottles of oil and continue with the large bottle as well.
AlwaysHigh wrote:
I just read that CGC's oil/softgel revenue for Q1 was only $0.2 million compared to $36.5 million from the previous quarter. I told you months ago that their oils/softgels were very expensive compared to competitors and that people wouldn't pay that price but you told me I didn't know what I was talking about. Unless they continue to lower their prices of oils/softgels to be more in line with competitors (which they've already started to do), the bloodbath WILL continue. Ignore me if you want, and I'll see you again in 3 months. :-)
You want a comparison? Their plain packaging sativa oil, a 40ml bottle with 1000mg of thc sells for $99 where I live. Compare that to a bottle of broken coast oil (sold by Aphria) that is 30ml with 900mg that sells for $55. I don't know anyone that will pay almost double the price for 10% more product... Do you?