RE:RE:Knocking on that 1.00 ceiling$1 US and needs to hold it for 10 days to negate getting our Nasdaq listing pulled.
I don't know what the big deal is because we already switched from the NYSE because of threats to pull the listing for companies that touch the product which equates to the Feds swooping in, seizing the investment and levelling criminal charges for proceeds of crime.
If we get punted from the Nasdaq, we will still trade on the TSE and CSE in legal for pot Canada.
What happens to the best of my understanding is the Nasdaq normally gives 180 days extension to not delist so the company can have a chance to hit the minimum shareprice. There could also be another 180 day extension if they show that they are making progress towards that minimum of $1 US.
Rescheduling and SAFE possibilities have sparked the interest of investors who are searching for the turnaround point for pot stocks.
One or both would be positive for our shareprice but there is still an oversupply issue and too many player issue. In the US a lot of this is caused by black market players who I think, need to be legalized which will stir up the naysayers and the good pot businesses who have maintained legal status despite the stacked deck of illegal, tax free competition.
According to some of the pot documentaries airing on tv, the illegal market is flourishing, so legalizing it isn't going to be easy and some have got to go, along with their supply to get supply and demand sorted out.
Raw pot flower and such is one thing but value added is probably a place that the black market won't go, nor, I imagine, would Pharma skus be high on their to-do list.
Cannabinoid infused beverages have a lot of interest but not much success, so far, but still on the agenda for beer and light alcohol producers who see losing marketshare to infused beverage skus.
The fly in the ointment there is that somebody decided that cannabinoid infused and alcohol shouldn't be sold or served at the same venue which leaves the potpreneurs that are inclined towards beverages having to build their own pot bars.
Canopy and Tilray are still banking on that potential but can wait it out because they have alcohol revenue. Not just them, AB Inbev, Molson Coors, Heineken and several others have this on their agenda.
Indicators are that consumers are willing to switch to cannabinoid infused vs smokeable forms and as a healthier, less calorie and sugar option to those light alcohol drinks. Just need to allow alcohol bars to put it on their menus.
Temper expectations because we are dealing with government that continues to steer around this issue rather than do the work necessary to level the playing field for pot and hemp.
Until Klein explains the consolidation issue to shareholders or it goes away on its own it is a big black mark imho against our value being restored.
I don't understand why they raised that issue now and it is of great concern to me as a shareholder.
Probably good for STZ shareholders and lenders though.
Also need to hear about Canopy/Acreage deal merger and progress.
Not telling seems the same as lying, to me!
Shareholders first!
glta and dyodd