RE:dkmBlazzingK wrote: ahaha good read and I'll be real honest here.
I went a few times to buy weed at the SQDC in Quebec, and let me tell you that it's a fiasco..... the quality of most products can be resumed to.... alright, to be polite.
You can't see what your buying otherwise most people would stop buying... half of it is dry herbs (just like that video) and the other half is still too humid...
Colors are nowhere to be seen and aromas are... decently good but nothing wow... (considering the price you pay, this is unacceptable)
It's kind of funny that this comes as a surprise to a few people, I mean, they've legitimized a market and given responsability to folks that have NO F** clue what they are doing....
To add insult, they've barred ''criminals'' from working in the field.... THEY ARE THE ONES WHO HAVE THE KNOWLEDGE!!!!!!
So, this brings me to this final thing, the street market has got WAYYYYY better quality weed with colors and lots of good aromas. The product range is FAR MORE extensive.... and interesting.
So, lots and lots and lots of folks have just given up on buying legal weed.... It's been almost a year now and the quality and product availability is just.... poor... and I'm not even talking about the fact you have to go to a store and wait for at least an hour ++ to get your product instead of calling a friend of a friend ;) and he delivers it.....oh, and last but not least..... the price you have to pay is just .... ridiculous....
So yeah, deep pockets doesn't mean good business.... and boy do they still have a very long road ahead before they can compete with the street.
By the way, it's not just Canopy, it's about 75-80% of producers that are complete garbage... and if they think edibles is going to be their holy grail to cash flow positive..... holy smoke are they in for a rude awakening....
it's already on the street and has been for about 4 years... no one's been ill or died (at least not that I know of)...
The only thing the edibles market will have for it when legalized, will be the fact that it guarantees the quality and satefy of products (which sometimes, even if you know the guy on the street, can be tricky).
It's a big sham..... and people will eventually realise it after they've pissed away all their funds.... as for NSP, I hope they know that reallll $$$ is in the consumable cbd space...(craig knows that)
It's the only product that you can't find on the street and that ALOT of people are asking for.....
They'll need $$$ for that, so... let's wait for that to arrive.. till then, shorting weed stocks is an easy money maker..
Hey “BlazzingK”,
Everyone should do what they feel is best for them based on their own DD. Not questioning your decisions at all.
Here is a news release dated 9 days after the
Chris Perry article:
FP/wire say Canopy crimping profits at Constellation 2019-08-28 09:26 ET - In the News The Financial Post reports in its Wednesday, Aug. 28, edition that Constellation Brands expects to record a loss of about $54.8-million (U.S.) in its current quarter from its multibillion-dollar investment in weed producer Canopy Growth ($31.18 (Canadian)), the brewer has disclosed in a regulatory filing. A Reuters dispatch to the Post reports that Constellation invested more than $4-billion (U.S.) in the loss-making Canopy for an interest in the marijuana producer, banking on the proposed legalization of recreational weed in several countries. In late June, Constellation executives said they were not pleased with Canopy losing money and that they were working with the company to win markets and become profitable. The next month, Canopy fired founder and co-chief executive officer Bruce Linton, a move that analysts believe was orchestrated by Constellation. The Post's Vanmala Subramaniam was bearish on Canopy on May 10. She said onerous Canadian marketing restrictions will give U.S. weed players an edge. Canopy shares were then worth $63.05.
© 2019 Canjex Publishing Ltd. All rights reserved.
| Closes | from | Stockhouse |
| | NSP | WEED |
| May 10th | 0.115 | 63.690 |
| Aug 27th | 0.100 | 31.180 |
| Sept 4th | 0.095 | 32.540 |
Two moot questions:
1/ Which company do you think has the greatest potential upside?
2/ Which company do you think will actually be profitable first?
I repeat: Having a huge bank account balance does not equal intelligent decision making ;<) ***** “Living in the sunshine”
Always DYODD DKM