money to be madeWEED has enough swing in the shareprice to make short term investors giggly.
Over 60% uptick in about a month!
Canopy is positioning itself for success, making acquisitions, deals and loans while dumping out the dogs.
One day Canopy is just going to keep on climbing and a lot of investors are sceptical. Canopy got big very fast and caught the same rocketship of crazy values that investors were willing to give it. Linton was trying to build a tail to snout marijuana and hemp business and put together everything he thought he would need but at high valuations because any stock that had any relationship to pot was skyrocketing.
Reality is tough to swallow and lots of investors thought this was going to keep on going and it drew in wannabe potpreneurs that never should have been in this new vice.
Government screwed a lot of things up which effectively capped profit potential and it is still being sorted out.
Only a couple are showing black ink and investors are looking to the US marketplace to make some money on cannabinoids.
I'm wondering who will still be standing after this all gets sorted out and it is going to be painful for a lot of investors who will lose their total investments when their investment choice continues to burn cash above what it can raise.
My gut is telling me that it is going to be a big boys game. Those that have a good businessplan in progress will be able to raise or find dollars and the junior hopefuls will fail or get eaten by the big boys.
WEED has been hit hard off of its highs but under the guidance of STZ is getting rid of deadweight and acquiring viable companies that have profit potential.
I have noticed that they are positioning with skus that are popular of gaining popularity.
Beverages are gaining ground and show promise to cannibalize smokeables although vapes are moneymakers that are making their way to our product offerings. Gummies are another biggie that consumers are buying while herb and extracts are giving way to more desirable consumption methods.
I am a huge believer in infused beverages as is Constellation who invested heavily to be a part of Canopy, for the beverage potential that they see cannibalizing their soft alcohol offerings. Beverages are ingrained into our habits with a whole consumer system of bars, lounges and retailers already established. We just need government to catch up to what consumers want and legalize using the same venues as beverage alcohol for our beverage lines.
I don't know if anybody is offering a cbd option alongside alcohol or where the rules are at currently but I would buy one or two at a normal social outing.
Vapes are convenient and cheap but still have a taint about them for the clouds of vapour/smoke.
Gummies are also easy and will appeal to the masses for their economy of purchase.
Canopy is moving in this direction, towards the profitable, big turnover skus.
Canopy has already set themselves up with most of what they need for doing business in the US.
They have set themselves up cheaply and smartly to take the reigns of US MSO Acreage Holdings as well as buying connections to some other interesting players that show promise to be profitable.
When the lawyers decide that a "triggering event" has taken place, Canopy and other non US potpreneurs will be putting up their shingles to announce that we are ready to do business in a market that is large enough to make returns for investors.
glta and dyodd