![]() ![]() Constellation's projections could be horribly wrong.Ĭonstellation's projected marijuana market sizes count on the U.S. It won't be easy, but there's a decent chance that Linton's view that Canopy could be larger and more successful than Constellation in the future just might be on target. Unfortunately, hitting the midpoint of that range won't be enough for Canopy to grow larger than Constellation unless the global marijuana market expands more quickly than expected.īut Canopy doesn't have to beat the midpoint of Constellation's projected market share range by very much to be on track to top its partner's annual revenue. The big challenge for Canopy Growth in becoming larger than Constellation Brands is to succeed in the rest of the world.Ĭonstellation estimates that Canopy can pull in a market share between 5% and 15%. However, Canada's addressable marijuana market is projected to be around $11 billion within the next 15 years. That seems quite possible, considering Canopy's production capacity and solid supply agreements with all of Canada's provinces. The alcoholic-beverage company thinks Canopy will grab between 30% and 40% of the Canadian marijuana market. For Canopy Growth to be larger than Constellation by that point, the marijuana producer would need to capture nearly 11% of the global market.Ĭonstellation did its own number-crunching before it ponied up $4 billion to increase its stake in Canopy Growth. And 15 years from now, the company would make more than $25 billion annually.Ĭonstellation itself thinks the global cannabis market will reach a little over $230 billion over the next 15 years. If we went out 10 years using that same growth rate, Constellation's revenue would total more than $17 billion. If we use a CAGR of 8% and project it out five years, the company's revenue would be close to $11.75 billion. Still, though, Constellation expects to increase sales over the next several years by mid- to high single digits annually. The company's wine and spirits business weighed on overall performance in the third quarter and could continue to do so. However, Constellation's growth will probably slow down somewhat in the future. Over the past five years, the Corona beer maker has increased its revenue by a compound annual growth rate (CAGR) of 12%. Remember that Constellation should grow, too. What it would takeįor Canopy Growth, it's not quite as simple as increasing its annual revenue to more than $8 billion to become larger than Constellation Brands. The components of the canopy seal system are discussed in the following paragraphs.Young man with a drawing of a rocket with a dollar sign on his back The plunger moves the bellows seat toward the relief valve stem to close the shutoff valve and unseat the ball, venting downsteam pressure through the relief/ vent port. When the canopy is unlocked, the regulator plunger is depressed. The check valve prevents loss of pressure from the inflatable seal should the air supply to the system fail. If pressure downstream of the regulator in-creases to 6 to 8 psi above the regulated pressure, additional bellows movement causes the relief valve stem to unseat the ball in the seat to vent the excess pressure through the relief/ vent port. ![]() The inflated seal then fills the gap between the canopy frame and the mating aircraft structure, preventing loss of cockpit pressure. Have moved sufficiently to seat the shutoff valve and stop flow through the regulator. When pressure in the seal reaches 25 5 psi above ambient, the bellows willįigure 2-9.- Typical canopy inflatable seal (removed). The interior of the bellows is vented to ambient. As air pressure in the seal increases, pressure buildup in the regulator chamber moves the bellows seat away from the flange. Air from the regulator inlet then flows past the check valve and shutoff valve, through the outlet port, and to the canopy inflatable seal. ![]() When the canopy is closed and locked, the regulator plunger is released this opens the shutoff valve. Psi, from the service air heat exchanger. The canopy seal pressure regulator receives cooled engine bleed air, at approximately 80 ![]()
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