RE:MGW trying to become a serious weed playersupserstar wrote: Big news over at the mgw board, just announced a lease agreement with the option to buy 80,000 sq feet of production capacity with the potential to use 300,000 sq feet of a first class greenhouse complex in BC.
Should have lots of upside from under 8 cents with a 6 million market cap compared to $130 million market cap for twd and $50 million from ATT.
This is definitely NOT good news for Tweed. More and more competition is entering the medical marijuana industry each day in Canada and the U.S. There will soon be a HUGE glut and oversupply of marijuana on the open market. This will be survival of the fittest. In my honest opinion Tweed could be squeezed out of the picture if they're unable to adjust to the price fluctuations of medical marijuana and offer cheaper prices over their competitors.