Just The Start for CanopyIt's not often that I'm right (ask my wife), but finally got their revenue projections right (called for at least $110 million in net revenue, see below).
One of the major takeaways from the Q was their leading Canadian rec. market share of 22%. Now, with all the bad news about other pot companies having cash problems and many won't survive, by end of this year the pot landscape is going to look very different. I can see Canopy gaining market share every quarter to the point where they dominate.
Their operating expenses declined by 14% and now the real cost-cutting and path to profitability begins under CEO Klein. This is a quote from CFO Mike Lee:
"further steps to reduce our costs and right-size our business" to improve its margins and cash flow. The company has already enacted cost controls and reduced stock-based compensation in its current fiscal year. https://stockhouse.com/companies/bullboard?symbol=t.weed&postid=30686728