RE:RE:RE:Canopy Growth Enters Quebec market... Very interesting day indeed. M&A activity is increasing and the licenses in place are becoming more and more valuable IMO. I moved some Cronos MJN capital into CGC this morning. MJN also has a potential interest in Vert Medical (option for 33%), and I went through their www.sedar.com documents last night to give the DD a thorough scrubbing. MJN seems quite interesting, but they have issued a ton of stock and warrants at .35 and less. This seriously caps their upside when it comes to doing future purchases and acquisitions. CGC is the gorilla in the jungle, and when you can pay with gorilla capital and not dilute as much, you are the dominant player.
I like OGI for this fact too, low share counts with crops in harvest/sales, major expansions planned, licensed, and with great management, this is where investors need to be. The returns can be a lot higher with the start ups, but often the management is poor, and the risk is very high. CGC and OGI are our two largest holdings, and make us very confident going forward.
Great day to be in CGC, and with Nov 8th looming, this whole landscape is going to change radically. Hedge funds and pension plans are watching or investing in this space very carefully.
Cheers!