Canopy couldn't have done much worse withoutgreat effort. Since Klein and Constellation arrived and changed to business fundamentals followed by a stream of stupid plays that has me wondering if it was by design or what to show us in a bad light.
We now have the new lean and mean model and some of the non US divisions are moving in a more profitable way than anything doing business in the US.
What they have done should leave them on the verge of some serious cash flow and profit by eliminating most of the marginal divisions.
The US pot market ain't gonna do shyt until a Federal legalization program is launched which should pave the way for Canopy to merge Acreage in to the fold and come out smoking. Pun intended, I think our salvation will be cannabinoid infused beverages which comes with having to sort out a level playing field with beverage alcohol.
The US is the holy grail although not doing much for TRUL, GTII and the others at present.
I theorized that the other International choices may eat our lunch as leading the next greenrush and pot hopefuls to profits.
Pharmaceutical cannabinoids have kept the toe in the door and show promises of profits but I am still hooked on THC and CBD beverages served in regular bar and lounge venues as being the gamechanger that will bolster sales volume and bottomlines because beverages are engrained in our psyche as social lubricants and the healthy aspects of cannabinoids as a better vice to smokeables just makes too much sense.
Canopy is moving towards better days but continue to deny shareholders decent financials to trigger our ressurection.
I hope I am not right about this being done by design so that lenders and preferred shareholders can convert long term shareholder value in to CUSA and ultimately, their pockets.
It is too easy to show bad financials by doing stupid shyt like BioSteel and overpaying for control or interest of our assets.
Too much supply and too many players needs to be adressed and Canopy/Constellation has to deliver the Acreage merger deal to turn this around although the consolidations may have killed this for good for Canopy and Acreage shareholders in which case Constellation shareholders will be laughing all the way to the bank.
Constellation shareholders were treated right and I can only hope that Canopy can recapture some of the magic that made us a world leading cannabis player and treat the Canopy and Acreage shareholders with the same respect.
glta and dyodd