RE:RE:Question Re Acquisition of FireSpot on Ped, FIRE has been realizing profit, ebitda lite, for the last few quarters if memory serves, on it's own...Constellation has Klein in there to organize and restructure WEED to catch up over the next year on a substantially larger scale. But FIRE isn't here to wag the dog, Klein/ team will have the dog realizing potentially very handsome returns in the not too distant future.
Legalization is pretty well complete now in the US, no if there....probably decriminalize federally, Mexico is legalizing and Europe is on it's way with CBD product increasing in demand across the board. Just the tax revenues alone will ensure the survival and growth of this industry, as legal pricing competes with the BM product.
WEED is on it;s way to #1 globally and the SP today says nothing about anything but today and as you say, the past preformance of failure is history over the next 12 -18mos...of which none of the results have been accounted for to date. We will get a taste of what is on it's way with FQ1/22 due Aug 9th. Still haven't stocked any 7acres product on Tweed yet, what is the hold up? All the best. JMHO...Opt
Pedal2themetal7 wrote: Do your DD when it comes to Supreme and you'll answer your own question. If they get the market share Supreme will be a definite asset.
Canopy has been navigating a bumpy road but since Klein became CEO it's easy to see the positives if you carefully disect the financials. If they continue diminishing their losses, increase market share and continue with disciplined spending it could be an intersting 18 to 24 months.
In my opinion they have heavily gambled on the US legalization when predicting to be profitable in the last half of Q22. Klein, Constellations and Southern Glazers are well established companies with great management , experience and Global exposure.
This industry is in it's infancy and very volatile, companies are jokeying for a position providing them with the best advantages, and so far I believe Canopy has done an acceptable job, especially after inheriting the financial mess which was handed over to Klein. IMHO