RE:RE:RE:RE:A bit of a race loomingThe best time of this year for sure to add regardless of 9$ or 9.50 a share is right now. 2-3 months from now people will be chasing the bus. As far as APH. Let it be known I don't own them. I love there strategy for the future. They aren't heavily diluted which is a bonus. However. I still believe there SP right now is abit overvalued for there current SP. People keep looking at future growth, and although I believe every MJ this is built into there SP currently, APH it's built in more then most. There current grow space is 43k. That matters the most when giving a SP. Yes. They have another 50k on the way which is great with even more future plans. But at a 600million market cap that's abit crazy. Cmed had 100k Sq feet, more on the way. US sales soon in Michigan etc. And has a market cap around 250million. One of these current valuations is either over priced or under priced. So assume they meet in the middle somewhere around 450million. That's the only reason I haven't bought APH. Will APH go down? Who knows. Doesn't really matter. As its own only my opinion. Market dictates price not me or anyone else on stockhouse. Could I see APH joining canopy? Damn right I could. CGC as currently wants to dominate the Ontario market. And if they have to overpay abit to aquire APH. They will. And now is the time to do it. Would it be great for both sides? Damn right it will. By the time recreational goes legal. CGC threw either acquisition or there own growth will be well over 2million sq feet of grow space. Easily enough to supply everyone in ontario which i believe is one of there goals. Anyone who says otherwise has no vision, there war chest is massive someone said 127million in cash and they can survive easily for several years if there are any delays.
Mike411Ontario wrote: 10million wrote: I think at this stage the sector is positioning itself for a run up :
looking at APH and ACB they have both been going up or holding there levels in spite of cgc heavy drops yesterday and today. Which leaves me to believe that the reason cgc is going down currently is only of the risk involved in the merger in case it doesnt go through. The vote is on JAN 27th which is a little further away from a sell off but i think bobs idea of staying withing a range till then makes sense to me cz the share price wont move much higer tilll after the merger all in all its not that bad if we keep share price low for now as mt shareholders get .712 of whatever our price is so a lower price before merger means a better deal for aquiring mettrum!
The Chart Guy commented last week that Aphria seems to have decoupled from Canopy. Also as of today Aph has been up on green candles 8 out of 9 days (CGC 5 of 9). The volume is low & when it returns CGC is better. Aph is running strong & is a definite BUY & will migrate to TSX soon enough. Aph will likely have a good earnings (don't know about CGC). CGC is the worlds largest but is stalled. Aph has Copperstate & CGC has Germany & Australia. I'm long on both & am trying to decide which to add to this month.