RE:Private retail in Ontario disappoints big time Not too sure if everyone reading the news really got the message correct. The sale of MJ in Ont is NOT DELAYED. The delay is to private retail, brick and mortar, ONT will commence sales on Oct 17, just like everyone else, but decided to just start with online:
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On Monday afternoon, Ontario’s Progressive Conservative government, which took power at the end of June, announced its plan to roll out online pot sales once the drug becomes legal on Oct. 17. A privately-run retail model will follow on April 1, 2019." https://eightbagger.wordpress.com/2018/08/14/investors-may-be-wise-to-take-advantage-of-todays-pot-stock-downturn/
Producers will still be selling product into the Ontario market, its just HOW they will be selling was clarified today, yes, brick and mortar is delayed but as someone else pointed out we are living in an "online world".. there will still be sales and I expect pretty darn healthy sales.
Starting to wonder how many people sold today thinking that the sale of pot for Ontario, or maybe Canada, had been delayed... it hasn't...
Honestly, if I had my daytrading block available I would be buying Canopy in the morning as close to $32 as I could pick it up with a short term sell target of $36 to $37