Current thoughts:Not much has changed in my thinking over the past couple of weeks. The only thing I'm wondering about is the following:
1. Policy change is coming fast now in the US with even Jeff Sessions having to back off his hard line stance. This is the #1 thing that I am thinking of right now and how best to allocate capital to get maximum uptick when the US finally starts to move.
-I believe that Canopy itself will get a boost if real legislative changes start to happen in Washington;
-My real question is it better to just keep the money in Canopy or to diversify some of it US pure plays like MPX, IAN and GLH. There is more risk to these companies, but if the hype train really gets going the juice may be well worth the squeeze;
-So I face the same dilemma as always with the only caveat being that there are now some more credibly run players (Beth from MPX and Hadley Ford from IAN both of whom are x-NY investment bankers...smart money is finally moving into the States with credible rolodexes filled with wealthy investor names);
-I think the right allocation for me right now is 80% Canadian LPS of which close to 80% of that is in WEED and 20% US split evenly between MPX, IAN and GLH (I like these the best. EAT I've made money on in the past, but don't love, TGIF I need to understand better, Liberty Health I should think about adding more, and CannaRoyalty I need to pay closer attention to and there are going to be a lot of others to consider as the US starts to expand).
-So I think I may start to move a bit more to the top US plays. And in terms of timing it may still be too early. I started this process about 9 months ago and so far it has been dead money. Looking back I should have kept that money in Canadian LPs until at least now. So the money I move to US firms may be dead money for a bit, but honestly I think the US is the next big catalyst to all of these companies right now. The US is what matters most over the next coupe of years. And if the US starts to go there is no way to say that Canopy does not have the most to gain. So diversifying to these US more pure plays may be the wrong way to go, but I need a bit more diversification and I'm willing to add another 5-10% of the overall portfolio to this pursuit at this time.