RE:RE:RE:RE:Canopy Growth's beverage head is 'bullishHomestretch4me wrote: Because you are math challenged and generally stup!d I'll help you out.
Canopy sold 1.5 million cans of RTD cannabis drinks in 6 months with a slow roll out for the first two months of that 6 month time frame.
The entire US in 2019 sold 4 million RTD cannabis drinks and they have 10 times our population.
Canopy is on track to sell 3 million cans this year without taking into account the exponential growth in Brick and Mortar stores or the addition of many new drinks.
You should go back in your basement and try to figure out why Canopy is doing better than the entire US RTD market......I'll give you a clue..."Constellation Brands". Just wait until the USA gets a chance to buy Canopy's better tasting and better quality drinks.
Viking49 wrote:
Kiluminati1984 wrote: After hitting the Canadian market in March, the company now has the No. 1 dollar share in beverages, accounting for about 75% of all ready-to-drink cannabis beverages sold year-to-date in the country. Canopy's Global Head of Beverages Andrew Rapsey said in an interview that since launching, Canopy has sold more than 1.5 million cans of its THC-infused ready-to-drink beverages. According to BDS data in 2019, the entire U.S. THC drink market was only about four million cans. https://www.fooddive.com/news/canopy-growths-beverage-head-is-bullish-on-the-future-of-the-cannabis-ca/584833/
Canopy Growth's beverage facility can produce 5 million beverages a month.
Year to date Canopy has sold 1.5 million beverages.
That is a pathetic 4% of their capacity.
Hey stupid. Regulators allowed beverage sales the beginning of the year. Canopy's incompetence resulted in a much later rollout. Months in advance Canopy gave guidance they would be ready for initial 2.0 rollout and they were not ready. Wasted potential sales.
8 months of production capacity is 8 X 5 million equals 40 million cans of potential production and sales.
1.5 million cans of actual sales represents 3.75% of total capacity.
Guidance of 3 million cans sold for the year represents 5% of their total yearly capacity. Still pathetic. They are a long way from utilization rates that may actually generate a profit from the facility. Historically bottling plants require utilization rates above 60% to start generating positive EBITDA.
As for basements, yes I have finished basements in each of the 2 houses I own. They are quite comfortable.