RE:RE:RE:RE:10 million shares traded on FridayYeah you're right......what did Bruce know....not! Its not a question of whether Bruce is right or not. It is a fact that it wil be way more expensive to operate nationally if cannabis can't be shipped across state lines. Any company that remains state specific will be small in comparison to MSO's and will be swallowed up by companies like Canopy. The safe banking act might be the triggering event Canopy will accept. I think it is you that needs to take a look at the whole picture and not just the narrative you would like to push
Rotaluceps wrote: Homestretch4me wrote: You must be new.
There used to be a guy, I can't quite remember his name but I think it was Bruce Linton who said that regulation and laws preventing the transport of cannabis from one state to another was a very good thing as it makes it prohibitively expensive for small and medium operators. A barrier to entry you might call it. Large, financially backed companies such as Canopy have the resources to set up needed facilities in every single state if needed. Full on legalization would be good but the states rights act with a prohibition on transporting cannabis across state lines is the holy grail for canopy. Canopy has the resources and financial backing to operate in any environment. Regulation is a hood thing. Acreage has already launched Tweed branded THC flower products and will be launching Canopy beanded THC drinks in the spring of 2021. There is a clause in the Canopy/Acreage deal that allows Canopy to waive the triggering event and consumate the contract without a triggering event taking place. I believe the move from the NYSE to the Nasdaq was for this purpose in case legalization or states rights does not happen fast enough. Canopy will not let the US market run away from them and are watching very closely so they do not let the point of no return pass them by.
Rotaluceps wrote: geodcan wrote: and 7.5 mill of those were traded south of the border. It wasn't even a regular trading week with US Thanksgiving. I don't get why US investors are buying CGC and not buying CGC USA Acreage Holdings division. That Acreage investment is on sale right now by my calculations and when Canopy is allowed to put it under the Canopy name those Acreage shares get converted to Canopy shares. When there is a perception of the US triggering event happening, I predict that you will see Canopy back up to $60 or better and those CGC shares that are being picked up in massive amounts by US investors will be in short supply as Canopy is being recognized as a true blue chip investment. At Friday's prices for Canopy and the beat down sp of Acreage there is almost a triple to be had subject to said triggering event. The amount of US investing in Canopy suggests that this is going to happen and it isn't just Canopy shares but also other Canadian Licensed Producers being purchased by US investors in addition to Canadian LPs picking up assets in the US. Investors just don't get that Acreage Holdings is Canopy's choice of the US MSOs for full launch into the US marketplace and it seems more and more that all of these companies are acting like the legalities have already happened or are a sure thing. Canopy is already getting their brands on shelves through Acreage retailers with branding deals and they are pushing the hottest items which are beverages which are flying off shelves in Canada and they expect the same in the US. Then there is BioSteel, Martha Stewart gummies and even pet chews and more. The movers and shakers are moving already and not waiting on the rules and regulations and Canopy is amongst the most credible because they are executing and have financing. Their plan for the US is Acreage Holdings to be swallowed up by Canopy and it is on sale imho. glta and dyodd
CGC can't sell THC cannabis products in the US untill it is federally legalized. They can't do business between states that are "state legalized". They can sell CDB products and we will see how it is going. Acreage Holding didn"t impressed with their quarter result, so their stock price. Biden is against the Fed legalisation but want to decrimilized it. Until Harris replaces Biden, who obiously has cognitive problems, it will slow down the expansion of the numerous companies for months and even years. This is the reality. Don't forget the huge competition of different products, by the huge number of companies. There are a lot more companies that the ones in the stock market. One point to consider is that a company producing cannabis in a state that legalized it, can't sell their products to other states that are also legalised.
You have to see things as a whole. It is not because a guy or Linton said that, that he is right. Linton and many CEOs said a lot of things and many investors lost their shirt listening to them. If it is a small or a medium business, I don't see why they would expand in many states, since it would be a costly venture instead of developping in its own state. They would need to be MSO meaning they can't move their products between states, and they also must grow in each state they are. Don't forget that the US companies are expending too in an already big market. If only the banking act was tp pass in the Senate, since the House voted for, It would mean the US companies would borrow from the banks, making their expansion even faster. I will buy CGC when the price is at a more appropriate price.