RE:RE:RE:anyone planning to pull out before November 30th?You guys are funny... how are you going to compare a children contact provider with a industry that is currently in it infant stages?
I mean CGC is valued with recreationnal market possiblity in mind. Recreation is at least 1 year in future. It is mostly retials investors at this point. Banks don't even want to suppor this market as of yet. Yesterday the Snoop neew pushed it at +25% and back down.
There will be opportunity in the future to buy CGC at the 4.5 and even 4.00 mark and maybe even lower in the short-mid term. Because of the culture i would say that there will be 4.20 support.
That's not to say that long term investment in CGC is bad, i just think that there will be some opportunities for those looking to enter or those that want to take some profit at this point. Ther eis no rush to enter at this point.
In the long term no one know what will happen to Canopy. They are currently the leaders but with Tabaco's dying product, regulatory experience, lobbying power, and deep pockets who know what can happen. CGC being pushed out, tabaco buying out for brand value, or rising to the top. Those are all potential outcomes.
Full Disclosure i bouth at 3.97 2 weeks ago and sold today at 5.15.