RE:The mushy middle and who is in it?Well said Doobie. I've only felt comfortable and safe investing in Canopy. IMO, Canopy is massively undervalued in comparison to its peers. It's only a matter of time before it really pulls away.
doobiebaby wrote: At this point in the development of the Canadian industry you don't really want to be in the mushy middle or the cohort of middling companies who are not likely to make it to a top spot once the consolidation rounds really start happening. And one of the problems with the mushy middle is that it's a moving target. What I mean by this is that APH and ACB used to be thought of as top 3 market leaders. However, with massive greenhouse announcements like Emerald and Village Farms it's much harder to figure out where the mushy middle is now. And I would argue that only WEED has advanced itself far enough from the pack and is now effectively the only company that does not reside in the mushy middle. Based on some of the new cultivation announcements I can no longer say that APH, ACB, CRON, MedReleaf, OGI or any of what used to be described as top contenders are still top contenders. Picking a winner between that bunch is really hard since they all have massive construction plans and hopes and dreams that they want to make reality. WEED is still the only company that I feel goes beyond the industry hype with real advantages that none of the others have. I have been waiting patiently for another LP to differentiate itself from the pack. And to date I still don't see any company that I feel comfortable diversifying to. Of all the others I still like APH the best, but they really have to get going now. They really have to pick up the speed or they or going to be left behind forever I think. Guys like Village Farms are just so big and they seem to be able to turn things on really quickly. Becuase of this things are going to get scarier and scarier from a over supply perspective. And that's another reason why I'm not moving any money from the biggest and best built out.