RE:RE:SP response to newsSS40, its a bigger deal for OGI quite literally. 4 million grams for Canopy and 5 million for OGI. RRegardless, this is the biggest news the sector has seen to date. We need the weekend to digest this. Lol
starsearcher40 wrote: I think this is great news out of New Brunswick, in that it further confirms that rec MJ is fully moving forward. As to locking in with Canopy, I think this is kind of moot, as Canopy would not have any trouble selling this MJ anyway once rec kicks in.
As for the share price, this might be a "bigger deal" for OGI, as they're a smaller company and it's more of a feather in their cap. It is for Canopy too, but in some ways, I've come to accept this as the norm, or expected, from Canopy.
Canopy right now too (shorter term charts) looks to be finishing off a consolidation at aboutth $10.25 level. There's some clutter up to the $10.50 level, but then a lot of blue sky after that. I think what we'll see is the stock strengthen here, and as the levels become anticipated breakthroughs, the stock will ramp up quickly.
All in, I think the news is substantial enough to move the stock up past these resistance points. Think of it like being in the midst of a little traffic. You can see the freeway ahead, but the onramp just has a little congestion. Soon enough this will pass. And with the New Brunswick announcement being strongly newsworthy and carried out in the media, this is going to bring a lot more attention to the sector, and to the best stock in the sector.