RE:UNICORN I hope you are right again Starsearcher. I have to say it is much nicer having you on this side of the fence. The new CEO announcement is happening very soon and I'm predicting a $3 -4 bump in share price. With beverages launching Dec 16th its possible we can be sitting mid-$30's sooner than we know!!!
Will be interesting to see what happens. I hope we can hold these levels until the announcement happens. The market markers are scaring the last few idiots outta their shares. Anyone selling now is braindead.
Mayham
Starsearcher80 wrote: Unicorn. It's a word you've maybe heard before in the stock market, and it certainly applies to Canopy as far as I'm concerned. It's not to say that there aren't, or won't be, competitors. But it IS to say that Canopy is currently SO far out in front of competitors, that you have to ask are they really competitors at all.
FIRST. BIGGEST. BEST. On the beverage front this absolutely IS Canopy. And with that, I think the unicorn status is both fully appropriate and well deserverd. Here's a deeper look into the beverage side of things.
1) CANOPY
-11 Beverage products being offered "with more added throughout the year"
-150,000 share ft plant FULLY operational, able to produce 5 MILLION cans/bottles per month (!!) (and don't forget, also the ability to produce 2 million vapes per month).
The "competition"
1) HEXO: Hexo is a MESS imho. (Beverages are under "Truss Beverage Co".)
-currently announced a layoff of 200 employees.
-caught producing without licenses. (I'm sure Molson's is regretting ever linking with this "company")
- their plant was "schedule to open last April, but STILL YET TO OPEN.
-According to Global News, "the company also noted some regulatory uncertainty in the market, and limitations on cannabis derivative products". DUH. YOU SCREWED YOURSELF WITH HC GROWING WITHOUT LICENSES.
- ONLY offering 2 CBD drinks. NO THC offerings at all. Only talking about 6 products total...someday.
Partnered with Constellation, essentially the biggest and best beverage company on the planet.
2) TILRAY: (In with Labatt's. parent is Anheuser-Busch)
-Beverages under the name "Fluent";
-NO SPECIFIC PRODUCTS OR LAUNCH DATE. (Thanks for coming out!)
talking evental CBD offering...no mention of THC offering. Furthermore, ceo Socquet said "he didn't have a timeline for when he expects Fuent's THC beverages to be ready." Further (as of Oct 10th) hasn't produced ANY product yet, but it is currently commissioning the machines needed " (Again, thanks for coming out.
I think what we're going to see out of the gate is pretty much MASSIVE domination by Canopy of the beverage space. Other "contenders" don't seem to have there research completed, faciilies ready to go, and even if they did, have only limited cbd offerings at best.
I'll say it again for Canopy.
FIRST. BIGGEST. BEST.
Canopy WILL be a beverage Unicorn imho.