RE:RE:RE:Who will be our Canadian LP partner(s)No worries Ned always appreciate your posts and opinions. The announcement when it came out in October caused considerable consternation among LPs.
I thought I had read something recently that it was clarified but I couldn't find a reference. I believe the majority of the deals you mention below pre-dated the announcement by the TMX.
According to this article below, a review is supposed to happen.
My understanding is that there isn't clarity on the topic but I think it's safe to say that there hasn't been a whole lot of dealing done between TMX companies and U.S. coompanies since the announcement. Would have expected a ton with Cali Rec day soon so my assuption is that without clarity, the deals are just not happening.
https://www.thestar.com/business/2017/10/17/tsx-to-smoke-out-marijuana-stocks-that-violate-us-federal-law.html TSX to smoke out marijuana stocks that violate U.S. federal law
Exchange will review companies by end of year and delist any that aren’t in compliance. The move will remove uncertainty for investors, the CEO of the Canadian Securities Exchange said.
An alliance of Canadian securities regulators said Monday that it expects domestic companies with marijuana dealings in the United States to give their investors a good idea of the potential risks of doing drug business south of the border, which could now include the possibility of being delisted from the Toronto Stock Exchange.
“We expect issuers with marijuana-related activities in the U.S. to address the current legal and regulatory environment in their disclosures, including any risks that result from changes in the approach to enforcement of U.S. federal law,” Louis Morisset, chair of the the Canadian Securities Administrators, said in a press release.
Cannabis sales are legal in some states, but illegal at the federal level in the U.S. Furthermore, the Toronto Stock Exchange, Canada’s biggest, warned Monday that issuers conducting business in violation of U.S. federal laws around cannabis are not in compliance with the exchange’s own requirements.
Those not complying with the requirements could face a delisting review, the TSX said.
NedStark wrote: CAV3MAN, I enjoy most of your posts but your assessment of the situation based on your analysis of the TSX announcement is incorrect.
There is no problem with TSX listed companies partnering with or signing agreements with U.S. based businesses as long as the venture involves endeavours that will strictly take place within Canada.
Canopy has partnerships/agreements with many U.S. based companies such as Leafs By Snoop, Pot-O-Coffee, and Skinvisible to name a few.
There is nothing stopping a Canadian licensed producer from working with Tinley to produce and sell beverages within Canada once edibles are legal.
CAV3MAN wrote: I sincerely doubt that Tinley will partner with any large LP in Canada in the near future. They are listed on the TSX. The TSX has cautioned listed companies not to get involved in U.S. mj plays or face de-listing.
https://business.financialpost.com/investing/canadian-listed-marijuana-companies-with-u-s-operations-warned-of-delisting Since constellation is strictly a legal beverage company, not involved in mj, the deal with WEED is not under scrutiny. It's a great deal for both companies.
Since the CSE has no caution then the best U.S. mj plays are on that exchange. That's why Tinley needs to stay there until everything pertaining to the TMX caution is ironed out.
The longer Tinley has to develop the brand, establish market share, supply chain, distribution, recognition, the more they will be worth when the ducks line up for a tackeover, acquisition, merger, or a Canadian jv.
The more established and successful they become in the meantime means the more your investment will be worth in the long term.
I'd much rather hold the volume of shares I'm holding in a sub $2 very high potential stock than to own a paltry number of shares in a >$20 stock, especially an overvalued one with billions in market cap and no sales volume.
I'm white knuckled on my Tinley shares as it's all house money for me having recovered my original investment.
If it took a couple of years for a much larger payout, I'd enjoy waiting and hanging out in the meantime with the great contributors on this board.
When Big Liquor, Big Pharma, Big Beverage and of course really Big WEED are allowed in, let the bidding begin. Needs time before that happens. That's a perfect setup for shareholders.
retiredthisyear wrote: With EAT announcing Canadian partner and WEED and constellation and Aphiria and shoppers I can’t help but wonder who our Canadian partner(s) will be and when we will see that news.
Sort of waiting patiently for news from Tinley......long since July 2016.