GREY:MRRCF - Post by User
Comment by
blueboyon Dec 12, 2017 4:20pm
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Post# 27141642
RE:Major MJ stocks are selling hard
RE:Major MJ stocks are selling hardSome of the selling in the major LP's MAY be the ETF rebalancing that HMMJ announced recently, and sometimes investors just follow suit when that happens. I think investors are just waking up to the fact that the big LP's will have to take over these smaller LP's, if they want to get enough MJ quota to fill all the supply deals they are about to sign.
Not just MARI - look at OGI, EMC, FIRE, THC, and BE - all smaller producers (I own them all) that are in the same boat as MARI - to varying degrees. They should all do well on their own moving forward, but of course a 40% to 50% takeover premium at some point looks pretty attractive to me as well...
BB