the share price going up in the past few weeks is a postive signal, why do you need a golden cross to inform you - do you not look at the share price movement?
Anyway - you raise potential US legislation, re-scheduling and SAFER have been in the news certainly.
Both are US legislation that will have a huge impact on US MSOs and the US cannabis sector, but neither will impact Canadian cannabis LPs, although typically - Canadian LPs ride the coattails of the US sector and o see an uptick in sp - although it's generally short lived.
As histpricall confirmed - US MSOs rise much high and sustain more of the gains - as investors see the reality of the legilisation impact.
Even Irwin (Simple) Simon, Tilray's CEO has stated that Canadian LPs will see no direct benefit.
Certainly if Canopy USA comes about - they'll see more of a benefit that other Canadian LPs - but nothing like the Trulieve's, Veranos, Green Thumbs and Curaleafs. Those MSO already show reve nues of $1 billion plus USD, Canopy USA will NOT gain market share against those established giants in the short term - if ever.
Can you explain why, if you're waiting for US legalization - you would invest in a Canadian cannabis LP rather than a US vertically integrated MSO who have been already operating in 40 legalized states for years and years?
Post by
quinlashon Apr 05, 2024 11:43am 
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Post# 35972925
RE:It's hilarious when amateur hour investment advisors
News moves the market and the US Fed made news the two times they came out and spoke about progressing cannabis legalization through de-scheduling. They will likely be speaking on the subject again here soon so I will be expecting another notable uptick and more shorts and daytraders being left behind.
You need to brush up on Golden Crosses. It's not the 20 day moving average it's the 50. The 200 it trending towards the upward cross over that's why it's called a Golden as it's a positive chart signal.