*By Chloe Aiello* Canopy Growth CEO Bruce Linton won't guarantee investors dividends. What he will promise is a stake in global cannabis domination. "If people want a dividend, we are probably not the right stock. If they want some entity aimed at dominating a global opportunity that started in Canada, we are probably your best bet," Linton told Cheddar on Friday, one day after the company reported a massive spike in third-quarter revenue. Beverages ー and other non-flower products ー are shaping up to be a major focus for Canopy as Canada gears up for [its second wave of cannabis legalization](https://cheddar.com/media/cheddars-crystal-ball-the-2019-outlook-for-cannabis-and-hemp), which will open the door for cannabis-infused goods like vapes, edibles and beverages by mid-October 2019. "The biggest opportunity is to be planning a year from now not to be selling very much dried cannabis flower, compared to today," Linton said. That applies both to medical cannabis, which can be sold as an insurable product, and higher-margin recreational goods, like edibles, which can sell for higher prices even with smaller quantities of cannabis. "I think the margin growth could be faster and bigger because when you sell dried cannabis you are selling it at the least advanced state," Linton said. "I think you are going to see margin opportunities just keep going up as real products are created and put into markets of both medical and \[recreational\]." Canopy Growth ($CGC) reported [third-quarter earnings](https://www.canopygrowth.com/wp-content/uploads/2019/02/Canopy-Growth-Reports-Third-Quarter-Fiscal-Year-2019-Financial-Results-1.pdf) late Thursday evening. The massive marijuana producer grew its revenue an astounding 282 percent year-over-year, but missed analyst estimates on earnings, reporting a C$0.38 loss. The company also announced that Chief Financial Officer Tim Saunders will leave the company this year. Shares were surging 4 percent on Friday. Linton said he expects Canopy will be profitable at least in Canada by the end of the year, as the company begins to make use of investments it has made in extraction and production. "What we've done is made really significant, thoughtful investments, all of which are near the finish line of being eligible to produce the cannabis, create the extraction platform, and make things like beverages," he said. For full interview [click here](https://cheddar.com/videos/canopy-growth-ceo-talks-earnings).

Share:
More In Business
Starbucks’ Change Flushes Out a Debate Over Public Restroom Access
Starbucks’ decision to restrict its restrooms to paying customers has flushed out a wider problem: a patchwork of restroom use policies that varies by state and city. Starbucks announced last week a new code of conduct that says people need to make a purchase if they want to hang out or use the restroom. The coffee chain's policy change for bathroom privileges has left Americans confused and divided over who gets to go and when. The American Restroom Association, a public toilet advocacy group, was among the critics. Rules about restroom access in restaurants vary by state, city and county. The National Retail Federation says private businesses have a right to limit restroom use.
Trump Highlights Partnership Investing $500 Billion in AI
President Donald Trump is talking up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank. The new entity, Stargate, will start building out data centers and the electricity generation needed for the further development of the fast-evolving AI in Texas, according to the White House. The initial investment is expected to be $100 billion and could reach five times that sum. While Trump has seized on similar announcements to show that his presidency is boosting the economy, there were already expectations of a massive buildout of data centers and electricity plants needed for the development of AI.
Load More