Quite a Line Up TodayThe crud is out today, bottom must be close even the weak and tiny minded need a lift...can't imagine getting my happiness out of others pain but hey, just think if it drops another $19 or some of them might be able to buy a few shares and be somebody at least once in a lifetime. One has to be thankful and just hope to never reach that level of pathetic.
The sector is correcting and balance sheets are going to matter from here on like every other sector...nothing to justify loss with WEED, every area of the operation is moving forward and while the market/sector is adjusting for this 'new' economy and purging the weak companies which needed to happen with sweeter deals to be had for the strong as CGC will be adding assets as they continue to build out as planned....SP will catch up in the near term.
Klein spoke to the progression of the company day one, profit realized over the next 2qtrs as they cleanup the existing Can operation and implement/ organize the assets acquired....just to get the 7acres menu shelved and stocked from there on is going to take months to put that together as they continue to acquire and move forward stateside, of which is mostly expansion and new growth for the company as the states continue to leagalize...the feds will be at the trough soon, too much green to pass up.
The barking from the crud is postitive as they don't waste their time on the failed and failing, even with some loss on paper one has to be thankful not to be in those shoes...remember selling Amazon because I thought Sears, with Eaton's gone, they would get their act together and take back control of the 'catalog' market. WEED will do very well at a minmum, with limitless potential as cannabis goes global. Everyone needs to do their DD and buy, sell or hold accordingly. JMHO...Opt