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When Does the Company’s Annual and Quarterly Report Become Irrelevant?
An inside look at companies of the past, and how we can use that to look at the cannabis companies of today
We’re not there yet.
That’s what I tell people as most of the cannabis companies take a hit for the last year.
We’re not there yet because we haven’t started.
America harvests about 500 million pounds of tobacco every single year. By comparison, Aurora Cannabis (ACB), Canopy Growth (CGC), Cronos (CRON), Tilray (TLRY), and Aphria (APHA) harvested about 100,000 to 150,000 pounds each. A comparison of pounds tobacco to pounds cannabis is not 1:1, but, for the sake of argument, it wouldn’t need to be here. If we were even talking about a .25:1 scale, it wouldn’t be relevant, either. Currently, we’re looking at .1% of what the tobacco industry has. I won’t even include alcohol sales because, if I included that, then we’ll be looking at a percentage laughably smaller than .1%.
Which leads us to the next topic:
The annual report is gibberish.
We can look at debts, goodwill, and the amount of bleeding for any cannabis corporation right now and come to the same conclusion: They will go…
