The facility Canopy recently sold in Modesto (California) was an indoor one, same trend can be seen in Canada where large indoor facilities are being sold off e.g. Aurora's Polaris indoor facility was sold in January this year for a steep discount. Back to California and another trend taking off is the rise of large outdoor hybrid cultivators (grow in PCE/tunnels) e.g.
Farming First. This is almost the exact model as another ASX listed company that I won't name as everyone on here flies into a jealous rage, however the PCEs being used here in Aus are of better construction and can be fully closed off against the elements and have shades drawn to initiate flowering (for photos).
The latest Health Canada data (December 2012) shows indoor area licensed for cultivation was 1,595,724 square meteres while outdoor was 5,950,000 square meters. That's Canada we're talking about, their climate is far less optimal for outdoor than what we have here in Aus. Especially around NW VIC where it is hot (encourages higher THC production in the plant) and dry (discourages mould).
It looks like the CAN CEO has come out and said they are targeting profitability in 2 years. Until then (if they survive), holders can expect successive cap raises for working capital and debt repayments. Hello dilution.
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