RE:RE:RE:RE:RE:RE:RE:Weed stocks are a buy and hold! I remember posting an article when the news first came out about BioSteel and the NHL deal. I think even at 10 % of Gatorade's revenue from the NHL it was like 100 mil a quarter or something to that effect. But probably looking at 2024 for that.
However, when Biotsteels revenue really flourishes, added to Wana, Acreage and Jetty etc... we will be on our way to close to 1.5-2b revenue annually I would think.
To many rumours flying around about Safe etc. Once it passes the finish line things will change dramatically. Fincen etc have to update their policy for cannabis banking within 60-180 days I read, the Cgc deal and Nasdaq should be pretty safe which would allow other lps to broker a similiar deal, and then eventual uplisting for the MSOS.
I do think they will save Cannabis descheduling for elections again and will do it prior to the November to fulfill previous campaign promise.
Absolute worst case scenario is Safe not passing and waiting till Oct 2024 for election promises again. Also Nasdaq issue and not being able to consolidate financials.
Random thoughts on a cold day in TO.