RE:Looks like we're in for the long haul..Its more expensive to get product to europe, more licensing to deal with european GMP certifications, margins are even tighter than here in Canada. LP's were always touting international plans because they found out Canada completely destroyed the industry and then realised they can't really go anywhere else except into hemp like WEED because margins and the play doesnt make sense, no money in it. If Canada was modelled after California's system, allowing producers to go directly to retail, get rid of 3 levels of taxation (fed,prov,munc) and get health canada completely out of the equation combinded with stopping the monopoly on LP's needing to supply a SINGLE provincial distributor who then supplies the retailers who really controls all the LP's margins then potentially the LP's would stand the slightest bit of a chance. But, of course, put so many regulations on it, you have cannabis in white labelled packages you cant even see the yellow weed your buying, you collaspe the industry before it begins! Good job Canada!
George141 wrote:
..overall I for one accept that this is a long term investment...Too many iffs and butts..but at these levels one would have to be foolish to sell..besides is there a better company out there/...Canopy is now being investigated for fraud...possible class action suit in the works. So you know some of that investment money may be coming to Supreme. Overall the quarter did have some positives. Will the price crash from here ...I don't think so...we are priced at almost 4 year old levels...with a heck of a lot more going for us than we had 4 years ago. The company is diversified in Europe as well...so there will be sales there as well. It is true that many countries are growing pot...but with the benefits of pot medicinally and recreationally things should go well. Yes I am somewhat disappointed but yet I remain hopefullRome was not built in one day...maintain