RE:RE:Some euphoria in the doldrumsI rather have a slow and steady climb back like in May - June, so if this is the beginning of the next bull run, this bump up is good enough for me! Even if we dip back down, long and strong! Our time is coming
Benedictus wrote:
I'm really surprised CRZ is only up modestly based on the below snippets from the previously mentioned article. CRZ's market cap is a joke compared to its recent positioning and the money moving into the space. Let's hope CRZ doesn't get bought out for a song in the coming year. The big players outside the US are going to inevitably take advantage of the severe valuation disparity between US and CAD MJ companies.
"As a result of the new shares Constellation is acquiring, Canopy Growth will immediately upon closing have proceeds of approximately $5 billion CAD ($4 billion USD) to bolster its leadership position in the global cannabis industry"
"Canopy Growth’s Canadian platform does not require additional cannabis cultivation assets, and management views other jurisdictions, including the United States, as strategic priorities requiring significant capital."