RE:What do we think about open tomorrow?I’m still long and strong, wish I had sold above 4.50 and bulked up my stash between Christmas and the New Year.
Anyways though, MYM has a few key steps to take in the next couple of months as legalization approaches.
I would like to see the licensing for Laval come through in the next 2 weeks, and I would expect this as the Government of Quebec seems to be supporting the process for MYM... they want that tax revenue, and MYM is going to be a reliable producer and distributor.
I would like to see a major update on Weedon, I would be surprised if a comprehensive package is made public showing the progress, and a timeline for completion of at least an initial greenhouse build, and expect production initialisation dates. The licensing for Weedon is also in the 2-4 month horizon.
Australia is a bit of wild card. Medical cannabis is going to start booming, and the road to recreational legalization is definitely beginning. However, like most other industrialized economies, Australia won’t move on recreational legalization until they see how well Canada adapts to this paradox change. The reason why I mention this is because 1.2mil sq/ft of production space is a goal for recreational and medical purposes, but MYM will most likely start on a smaller scale as the medical acceptability and usage ramps up.
MYM is going to be the Canopy of Quebec. And they are going to be a major global player in the MJ game. Right now they are methodically setting up each step of their game plan, as they have planned, and they are right on track. Look for licensing news to come out in the 1 month short term, more details on the Weedon build in the 2 month short term, and in the next half year, as legalization approaches, look for the financials to start reflecting actual revenues coming in. Watch Australia as a wild card, with future value, but as a long term strategy, do some research on the legalization political landscape, when the next state and country wide elections will be, who is pushing MJ, will they win… And get excited.
Rome wasn’t built in a day, but this is teh 21st century, things are going to start to mvoe very very fast, dont get left behind with MYM, there is still money to be made.
GLTA