Canopy Growth Corp T.WEED

RE:RE:Expanding by M&A

[Rotaluceps]

Rotaluceps wrote:

prone wrote: Canopy is expanding into the USA ..... Yahoooooooooooooo ...
--->Canopy Growth

@CanopyGrowth

·

7m

 

Welcome to the Canopy family,

@JettyExtracts

!

We’ve entered into an agreement to purchase the right to acquire all outstanding equity interests of leading California vape producer, Jetty Extracts,

upon federal permissibility of THC in the U.S. Details: https://bit.ly/3NjnEDN

Always analyse what you read. Always try to find what is wrong in the article. Only positive EBITDA? In the highly competitive California cannabis market? It is to pave the way if it is federally legalised. No profit for a long time. I will buy if the Senate vote to legalised before the August recess as Schumer said. I will play the news. 

Reality check!

Founded in 2013, Jetty is a top 10 cannabis brand in California[1], and a top 5 brand in the Vape Category[2]. Backed by award-winning technology, Jetty has paved the way for the most authentic and natural vape experience available to consumers. As a leader in solventless vape and a pioneer of extraction-related intellectual property (IP), Jetty has achieved strong growth over the past two years while generating positive EBITDA amidst the highly competitive California cannabis market.

Let's be clear, a lot of competition, this is why Jetty are only EBITDA after two years. This paragraph says a lot. So Jetty is a top ten cannabis brand in California. In California, the companies struggle because of the high taxation. The governor is proposing a tax relief that will have to be passed, when? It will help but it doesn't really matter in this competitive California market where being EBITDA put Jetty in the top 10 brands? Hello, where are the real profit?

Food for thought...
This deal will happen when it is legalised in the US. Why didn't CGC choose a profitable one? Too costly. They choose a non profitable one to let this saga continue. CGC will have a footprint in the US when cannabis is legalised with a non profitable company in a competitive market. This is just to bring hope and new investors. Btw, I will invest in CGC if the Senate legalise but I will play the news. It will not change a lot for CGC in the short term for generating revenue, but it will boost the share price. The competition is already very well established. The proof, Jetty is only EBITDA and in the top ten amidst the highly competitive California cannabis market.