RE:Would be expected better returns by nowLou is buying on the cheap, good going young lady....losses will be covered as revenues begin to get up to speed. They are going to need a substantial legal distribution system in place, not starting to plan when border control and management is back up and running again? They are going to need some serious tonage selved and moving...they will need much more resources in place and operational to replace the quantity of BM garbage removed from the marketplace, as it is removed?
Canopy et al are building for global, not just local?
Canopy will add what is required but should have a fairly solid plan for the marketplace as it evolves and the global Med marketplace their main target, as it will be very large and with an ever increasing patient demand as the pop ages globally....Canopy will be very present in the global medical and rec cannabis markets, as one realizes as they look at their footprint planned for the US alone, much if not all of the grow production area that is planned for opening day, is there and ready now in various degrees, all existing sq footage, with Acreage et al ready today?
Get 'er down there Lou and one has to add?
All the barking about 'no revenue', they are building for the legal system US wide and will be ready for rhe areas, as they are open for legal bud, but maybe heavier on the med side as that is where the need is, but will the education/ knowledge be there as required?
Everybody needs to do their DD and buy, sell or hold accordingly, JMHO
Global Cannabis Sales To Skyrocket To $57 Billion In 2026, Says Top Market Research Firm (forbes.com) Legal Marijuana Market Size To Reach $102.2Bn By 2030 (grandviewresearch.com) Canopy Growth Announces Mailing and Filing of Annual General Meeting Materials (newswire.ca) Canopy Growth reports $127.1M Q1 loss, revenue down from year ago – BNN Bloomberg