Post by
cannabisc on Apr 28, 2022 5:44am
Ships going down
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.
Comment by
Cmc888 on Apr 28, 2022 7:19am
the whole economy is propped up on printed money. There's a recession coming or already happening. To stop inflation from these idiots running north America. Sin stocks coming up bog soon.
Comment by
TheProphetElijah on Apr 28, 2022 9:15am
Wait a minute there Star, weren't you saying only about a month ago ALL mj is the same across the board. Now you're saying Canopy is poor quality.
Comment by
Starsearcher80 on Apr 28, 2022 9:59am
Umm no. But i have started several times there is a known quality issue. But that would be obvious with sku's being dumped.