RE:CANOPY GROWTH CORP Increases Its Capacity
I REALLY reaaaaaly like this part:
'“Our approach with CraftGrow and Tweed Main Street is to establish a diverse online marketplace for legal medical cannabis products. People can seamlessly access Canada’s leading cannabis brands with one medical document rather than being tied to a single producer. For new producers, having access to the largest group of registered patients in the country can go a long way towards building brand awareness. And for us, it’s an opportunity to position ourselves as the online source of cannabis in Canada, while bringing more product variety and reliability to our customers.”'
Considering that provinces are just not ready for July 1st 2018 (or April 20th 2018, like Bruce said in an interview, and I tend to agree: Trudeau is strong on symbols, like when the government of Canada addressed the UN stating that they would legalize cannabis...they did it on April 20, a very important day for all cannabis enthusiasts)
This being said: the law (to be) already allows for online purchase once cannabis is legal for recreational use, ONLY and only canopy is ready for this. aurora, APH, and others etc...don't make me laugh! (don't get me wrong I still think aurora and aph will do just fine...just not canopy growth fine)
and then bruce goes on to say this:
'“We will continue to invest in our business, to bring more capacity and more permitted products to more customers in more markets, all with a view to increasing market share and maximizing shareholder return in the long term. We strongly believe that continuing to invest in our industry leadership position, strategically trading off short-term profitability for long term value, is the right decision for shareholders, patients and our communities.”'
I still think that through their deal with goldman they intend to be the first to pay up dividend once recreational cannabis become the newest and most profitable new industry ever.
Alcohol prohibition lasted 14 years...we are still talking about it...cannabis prohibition lasted more than a hundred years...do the maths is what I say
Buy, hold, repeat...If the price goes up..keep it..no need paying 25% capital gain tax but If it goes down..buy some options...they will be cheaper too