The game for Canadian cannabis producers will change forever this morning when, somewhere in some eastern Canadian province like Newfoundland or Prince Edward Island, someone purchases the first federally legal, adult-use cannabis product in any G7 economy.
That sale of maybe a single gram of cannabis this morning will change the world over time. But it will alter the course of Canadian business instantly. At that moment, the Canadian market size grows by up to ten times.
The cannabis market restarts today – all the potential, all the gains – it's all squarely ahead of us right now.
That's ultimately going to reflect across "Big Weed's" bottom lines, and as one who stresses the importance of financials, I couldn't be happier.
Just look at what's happened already, in the run-up to legalization. Aurora Cannabis recently reported its results for the quarter ending June 30; most other companies did so in August. Just about all of them showed increasing revenue, fatter gross margins, higher patient counts, and a focus on higher value-added products.
That's impressive growth, and like I said, today... we restart the clock on all of it.
So let me show you what we can expect from the first "post-legalization" stream of Canadian cannabis earnings reports.
After all, that's where we can find some great, actionable "buy" signals...