WEED will test $ 13 and the $ 14nsAccording to the chart guys there will be short consolidation in the $ 12.25 to $ 12.75 ranges before
breaking out for the next run in the $13 to $ 14 and beyond in anticipation of the legalization to be put forward in April and with Bill Blair and Justice Minister on a cross country input blitz form various stakeholders and the LP's input will surely be immediate direct mail rec sales from LP prior to provincial distribution models and some limited branding and advertising
Also the Q4 in May 15 or so will encapsulate the Jan to March 2017 sales of the 50 million harvest and at Feb 1 million dollar day along with the Mettrum figures which will be revealed prior in the Business Aquisition Report very soon according to CFO Saunders
My understanding is 45 days after completion of the Jan 31 Mettrum Aquisition the BAR is due which makes it March 15
This talk of CMED pump is by those already in it hoping on Tuesday to get some volume from WEED holders who may be tempted to sell one for the other short term pop on CMED while waiting for WEED to resume.Naturally this is a self fulfilling prophesy if enough traders can convince others to buy in and ru in,up so they can dump and go back to WEED which has the better story
In have looked in CMED but Brett Zettl is very dull without vision he had the FIRST licence back to 2001 and a huge headstart and he runs a very well respected medical model cannabis company with reliable sales but not into rec at all and he has 100,000 sq ft at best in Saskatoon and underground in Michingan awaiting USA approvals etc not my cup of tea but each to their own
their market cap is very reasonable with room for upside but very low float and low trade volume
but you never know they just might start to run but you need more cash or you have to sell other holdings so you can run between APH WEED MJN CMED and who is next to run Supreme may soon get their licence to sell and the 7 acres hybrid greenhouse may be good add on to WEED
also Marican may soon go public
the hot sunny beach is full of hot muscular guys with shorts and shapely gals with bikinis
Watch the parade and grab one or two or three but they cost money to play with