CGC Canopy Growth Stock | CBD Industry Canada | Medical Cannabis | hemp

CGC Canopy Growth Stock | CBD Industry Canada | Medical Cannabis | hemp

did you know that marijuana for pets is a thing i had no idea anyway let’s get into it [Music] hey everyone this is chris and this is news to educate and entertain you so let’s get started um i want to start with this here actually sometimes i get questions about which marijuana stocks are good and it’s hard to say but i will say you know um you know generally speaking for for many companies just stick with the big ones um but uh there’s some caveats of that so i want to talk about canopy growth today uh they just had their earnings and some interesting news came out uh and they sell marijuana for pets i just keep laughing when i say that i didn’t know that was a thing i really didn’t um but anyway one of the things i want to mention it’s currently trading at 1915 and if you’re in the into the stock it seems that 2017 would have been a good year to get in you could have bought this stock for around the six dollar level and uh sold it uh if you would have got the top in the uh essentially the 40s and 50s um that it reached so that would have been a good price yeah you can see 51 september that but that was in 18 so that was a while ago already and there’s been quite a hype around this industry the cannabis industry both in the us and canada as it goes towards you know full legalization everywhere uh however the just a few days ago they they released the earnings to come on canopy growth and um you know looks like they are still losing money uh although um they’re cutting their losses so meaning that they’re making more than the past but they’re as a whole that they’re still losing money and um essentially whatever the big ones do it affects all of them so uh you know let’s let’s look at what they sell and i’ll be curious your opinions on canopy growth i am not canadian so i am not familiar with their with their products but um they have a ton of different brands which is really interesting and i was looking at some of the stuff that they sell and it’s uh very different than what i had expected actually um you know if you take a look at some of this stuff like uh they sell beverages i didn’t i you know i didn’t know this was a thing and if you knew please let me know i i’ve never even heard of this um sparkling water so cannabis sparkling water guava flavor is a thing uh ginger flavor lime flavor um and this is what it is they aren’t cheap uh as you can see here i’m opening this up so this looks like you get 12 of these things for 48.88 or so about 48 right so four dollars a can i guess is that how you read this 12 sparkling water yeah i think that’s how you read this oh so i say you can get a four pack or a 12 pack is what it’s saying but saying not available so i can’t order it um and uh evidently there’s no sugar 25 calories and uh got 20 20 mega 20 megagrams of cbd so very interesting that they have this i’ve never heard of this thing before cbd infused sparkling water so i’d love to hear your thoughts on this stuff they have gummies as well which i think is really interesting i mean like i said this is really surprising the type of products that they have cbd gummies they also sell cbd sport and i don’t really i don’t really know this stuff at all i’m looking at it for the first time um and whether or not cbd helps you with you know lifting weights who knows that’s what they put on their website here uh and then the last uh one actually here is the uh cbd for pets um so i guess it calms your pets and and uh they got martha stewart’s branding on this thing so i don’t know what to say i’ve never even heard about this thing um it comes in drops or you know chewy things so cbd for dogs i guess is the thing i don’t know if cats are into this stuff um they have pictures of dogs in here so maybe it’s only dogs eat this stuff and maybe cats because i guess catnap is for cats right so anyway this is a canopy um the other thing too worth mentioning is is they have all of these different brands you can see martha stewart’s partners which i didn’t know um tweed bile steel tokyo smoke all these different brands um they’re really quite big right and you can see i mean these are just all these sub brands that they have through here spectrum therapeutics a bunch of these different things um however this article came out as well so they they’re still losing money um the stock is very volatile as i showed you before it’s current trade in 1915 but has had highs is up at 50. um and uh even in this year that the range you can see has been 1383 to 56.50 so huge range of price in the stock and just in the last year um and then this article just came out which i thought was interesting um evidently we’re talking about canada uh they’re sitting on 1.1 billion grams of marijuana uh that they can’t sell and in fact i guess they’ve been throwing out a lot of their marijuana uh because it’s unsellable and there’s some numbers on this um this is the amount that has been destroyed it’s actually quite a lot uh and there’s multiple reasons for that which i want to talk to you i just you know get interested in this stuff first but they’ve been throwing out um their production and you can see here this is a as i mentioned before they’re sitting on a bunch of inventory um this chart is really interesting i’m just gonna blow this up a little bit for you here the basic gist of it is the inventory keeps growing um this is your unpackaged inventory so that would be the dark purple meaning that they have this inventory but it’s not ready to sell and then the light purple there is stuff that’s ready to sell and then you have their sales and the orange which you can barely see but the point is is they have all this inventory this is sort of the whole industry not just canopy growth necessarily um but they got tons of inventory and they can’t sell it and um there’s a couple reasons for that this is kind of a complicated issue but the general gist of what from my understanding is um there’s a couple things so one is um when canada went legalized sort of the big um the big companies sort of took over the industry and it sort of rubbed the mom and pop stores the wrong way essentially and uh then they didn’t go out of business though so um though on pop stores that is and it seems like about half the sales in canada are essentially illegal sales and then half are legal so essentially what it seems like to me is this is in canada i don’t know about the us if it’s a similar thing and if you do know please let me know because in terms of stock i always say you know go go with the big companies because you’re you’re better off but there’s a ton of you know penny stocks and mom and pop companies out there but it seems sort of the big corporate brands kind of ignore the consumer that’s what the articles were saying i don’t think nor is the right word but misread the market so you have all this inventory that’s essentially not sellable sort of how how they paint it the other issue is as well is because people can get um essentially cannabis from other uh either mom and pop or your local friend or whatever um they don’t necessarily need to go to the corporate so the corporate is the big companies are essentially losing money in that regard and then they got all the inventory they can’t use some of it is just not good um so one of the things that was really funny um the way they grow this stuff i i i laugh when i say this but they’re worried about teenagers with drones stealing inventory that’s what i said that’s the thing i didn’t know that was the thing but evidently that’s the thing teenagers with drones stealing inventory is a thing uh i guess and uh so they they grow it a little bit differently with more security and and essentially grow it cover which is not necessarily good for the quality i i guess um and that’s been a thing so you have you know multiple things going on um the essentially they’re they’re getting too big and running out the mom pop in the end and i guess you could say this for any kind of industry where sometimes the mom and pop has better quality i mean i mean the smaller store because they can take time and care to to do it well whereas corporate you know they make money by economy of scale uh there’s there’s other reasons as well it seems that um people are abusing their medical uh sort of what you might call it medical sort of marijuana license or ability to buy and then selling it to other people so you have that a thing as well and then the other thing too which is really interesting is i just want to show you this this is uh regarding the stock this is tip ranked and i was looking at canopy growth the sticker cdc um they often uh project so the orange box here is essentially their revenue and being positive they often project you know positive earnings but they often miss uh and that’s a teal line so it’s in the wrong direction um essentially they’re not making money and this is a again it’s another it’s the same roughly the same chart just in a different way this is earnings per share um they often project uh a loss and but they end up even losing more than they had projected so this this particular earnings an earnings report they didn’t lose as much as previously thought but they’re still losing which is kind of strange and and like i said it’s due to these factors of having too much inventory um not great quality i guess of inventory uh and also two people in canada are half of the people evidently are buying the stuff through a legal means so they’re not buying for the big companies and the numbers here’s the numbers this is according to uh statistics canada um households spent 2.4 billion by non-medical marijuana from illicit channels been essentially illegally 2.4 billion uh 2.45 billion actually is uh through illegal channels and then legal channels is 2.3 billion uh 2.31 billion that canadians are spending so actually buying more illegally than they are legally and then hence um the big companies are actually have too much inventory or even destroying their inventory so that’s what’s going on it’s um it is a hot market though uh people know that this is going to be growing something growing right no pun intended um but uh you know that still has issues um so i i you know i in terms of the the actual stock if you’re interested in this kind of stuff you know canopy growth till rate they’re still not putting out a profit um i i think though uh just talking out loud when let me just pull this up this is the six months performance of canada growth you can see it’s just been downhill all year year to date uh down 26 for the last six months so it’s been it’s been down quite a bit um you know what my my sense is is that uh there’s gonna be a bottom somewhere soon right and you’re essentially waiting for the american congress to legalize this thing federally and then i think the industry will really pick up but who knows what’s going to happen with that people are speculating that’s going to be soon because the democrats are talking about and they’re the ones in power at the moment but you never know if there’s another election uh what in like 2022 or whenever 2024 you could see political you know change um the other thing that’s going on as well during the pandemic people uh have a demand for this stuff for can uh for cannabis so the demand is is going up during the pandemic and if we go on lockdown and again it may go up again so um this is extremely volatile uh industry due to both government regulations uh and demand and also trade when the article said as well as kind of interesting is that um germany shut down trade to canada regarding cannabis so uh that has certainly affected the stock as well so anyway i just wanted to give you a brief overview of this kind of thing and sort of the news and i think it’s actually really interesting for those of you into this or those you’re not into this and for me i was entertained by learning that i can get cannabis for dogs so i honestly did not know this was a thing and it’s good to know that there’s no artificial flavors colors or preservatives when you’re giving cbd to dogs so anyway i do appreciate for watching and please like and subscribe and i’ll see you next time
rn

CGC Canopy Growth Stock | CBD Industry Canada | Medical Cannabis | hemp

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