RE:Does Canopy deserve double the market cap of US rivalsNo US cannabis company can write off spending. That means they spend on anything and there are no deductions. Legal Canadian companies can write most everything off. It counts for a lot the markets are telling you.
YodaLayhehoo wrote:
We know the US companies make more than Canopy and are more profitable than Canopy yet Canopy trades at a huge premium. Canopy trades at double TRUL. Either TRUL needs to double in price or Canopy needs to be more than cut in half making it $9-10 per share. CURA trades in line with Canopy probably due to their charismatic chairman. Companies like TER and Gage merger have sales higher than canopy in a rapidly growing market and have market caps 25% of Canopy. Either they move up or canopy moves down to meet them eventually.