RE:Ships going down Well said on all fronts. The biggest issue, beyond the U.S. legalization dream being shattered, is that Cannotpy has now developed a well- known reputation for making poor quality weed. I don't know why they can't get it right, but their products are NOT wanted and NOT selling well at all. Put bluntly, they're getting killed by far more nimble lp's that are providing what the buying public wants. Look no further than the OCS dumping Canopy Sku's, and the company doing the same to itself. When this happened several months back, I started looking for signs that the company was beginning to produce quality products that people wanted. I have multiple contacts in the retail side of things, and ALL are saying the exact same thing... product is poor, people don't want it, and image of poor quality is now well established in the buying public so people aren't even interested. THIS is Cannotpy's self created mess. To think they screwed the pooch SO badly, and continue to do so, will be the downfall of this company. This quarter will outline how horrible things really are As I've said before, imho this company is now FULLY Dead Man Walking.
cannabisc wrote: 2022 - the Year of the Canadian Cannabis Layoffs. With no more government COVID money to prop up the Income Statement, you will see more employees fired than a binge watching session of The Apprentice. All under the faade of a path to profitability - do not be fooled. Look at the trajectory on net revenue - look at the operational gross margin - look at their core value proposition. Do the math - do the strategic evaluation. You will see that the cost cutting will result in huge confusion and chaos - massive loss of employee morale - any good employees still there looking to get out. And a drop in sales - good companies have trouble growing-while-cutting, and these are nowhere near good companies. These cannabis companies simply do not do anything particularly well that results in sustainable, profitable sales growth - if they did, they wouldn't be in this sad position. I know many of you have money invested in these pantloads - you want, no, need them to be successful. Sorry, but wishing and hoping won't amount to anything - and neither will they.