most of the US MSOsare trending down today, just like Canadian LPs.
Pretty much every sector us taking a hit but potpreneurs are getting especially hard hit.
It sounds like US politicians are taking one more run at a banking bill but again it is tied up with a defense? bill.
It is pretty apparent what potpreneurs are hoping for for WEED and that is us doing business on US soil in those large legal markets out of our own facilities proudly boasting our name and brands.
Even US potreneurs would like to see banking, free trade, interstate commerce of marijuana and all of that at the Federal level but with marijuana descheduled and recategorized such that the heavy hand of the Fed isn't coming down on them.
US investors have been steadily buying Canadian LPs, so much so that the majority of our pot stocks may really be in their control. They must see something in us that we aren't seeing in ourselves.
It will take the US marketplace or a severe swing in all the rules that are strangling sales in Canada to get us profitable and make the shareholders happy. This will also happen after some severe attrition and consolidation of our oversupplied market companies.
Big fish will eat the little fish or join them. WEED is still a leader despite not making a profit. Kudos to the US companies that have. WEED is proactively positioning themselves with creative deals and loans with US companies of interest that will complement them and I believe it will be mostly the well financed companies that will be standing after the attrition.
Don't forget that Canopy has Constellation backing and that it was them that had first strike and opened the eyes of the whole greenrush with $5 billion C. Canopy has a lot of recipes, IP and manufacturing in Canada and have a 300k sq foot plant and warehouse in NY as well as their fingers into several US plays for rapid expansion when we get a triggering event.
I hung on to a few shares of Canopy and considering plunking down for some more at these prices. I believe history will repeat itself for Canopy when we can launch into the US marketplace. How much of a launch is yet to be seen and it may not be the huge multiples of their first run up after all the events that have us kneejerked down to these levels.
Canopy isn't showing ten times the sales on the Canadian side to the US side but there is lots of interest and trading of our shares by US investors who still see value and that is probably a vote of confidence that good things will happen Stateside to swing the doors open to free trade with International players.
glta and dyodd