YES, buy on the ask...and buy where there are CUSTOMERS!Bojojackson wrote, "Isn't this basically a US play?"
YES, it IS a US play, which is exactly why it has vastly more potential than every Canadian small cap MJ play. The Canadian market is saturated with loads of ‘ACMPR late stage applicants’, all with no connections to any firm with a proven track record of making money in the cannabis space. Why is everyone so hung on Canada with their lack of population density and no legalization? I own a few Canadian plays too, but only because of unique differentiation. I've never been impressed by the ACMPR late stage applicants. This means nothing. Look into the details of this Lineage deal:
https://globenewswire.com/news-release/2018/04/03/1459155/0/en/Lucrative-Big-16-San-Jose-Bay-Area-Acquisition-Just-Got-Better.html
This is a big freaking deal. The revenue at 1 of these retail locations alone is pushing $30 mil, and that’s just income from the retail licensing. There are several other licenses that would come with LUX, all of which will open the door to additional earnings. And then there’s the Lineage grow facility in Washington, which is slotted to start earning in Quarter 3 of 2018…that’s just gravy compared to the LUX deal. But with all these Canadian small cap plays in the 30s and 40s, show me one that has revenue coming up in the 3rd quarter of this year? And just look at the players running Lineage - with connections and direct affiliations to Nutritional High, Canopy, Bedrocan (Tweed), and Tinley. Has anyone done their research on this company??? A team with a track record like this would never waste their time on a company unless there was a lot of money to be made.
Let’s look at some simple facts that I’ve been discussing on this board since day 1. The United States already provides more legal customers in just 1 of their 7 legal states than the entire population of the country of Canada. People are so hung up on Health Canada and their ACMPR licensing when the entire Canadian market (not even legal yet) is smaller than just the already legal state of California (1 of 7 legal states). There is a reason that all the big boys are looking to the states for better profit margins (WEED, ACB, APH). This stock, at anything under .30 cents, is the best deal going in this entire sector. With any small cap, we're gambling on potential profit. At least with Lineage, we know that LUX has already been making loads of money.
I own 150,000 shares of BUDD with an average price in the high .20s and I am not concerned. Then again, I didn’t buy it yesterday expecting to sell it today for a penny more. Where do you think all these huge asks at .20 came from? They are sellers who bought at .18, .19, etc. If these morons would stop trading pennies and half pennies with hardly any volume, we’d be back in the 20s in hours, back in the 30s in a week. With low volume, it doesn’t take much for a stock to go down, especially when you can see the manipulators on both sides teaming up to push it down so they can get cheaper shares before the LUX deal goes through. People wouldn’t be trying to do that if they didn’t think it was worth the trouble. And then, we get the idiots trading on pennies on the way back up, and everyone thinks we’re getting hammered. But we’re not, or we’d still be going down. This stock is going to be one of the best plays of the year. You know what else can happen with a low volume stock? It can go up just as easily as it goes down. Sit tight! You’ve made good choice with Lineage, even those who bought in the .30s and .40s.
I own loads of 2 Canadian cannabis companies as well, but the nonsense politics in Canada's 'democratic' senate and the overwhelming amount of nonsense Canadian companies waiting on their HC license in a market where rec isn't even legal yet...well, I'm a heck of a lot more concerned about those companies because they're "basically just Candian plays". Canada is simply not an ideal marketplace for a smaller company to earn profit amongst the multitude of emerging competitors. You guys need to step back and look at business fundementals. Less customers + more compeitition = less profit. That's Canada. I felt differently about Canada 18 months ago when we had 25% of the license applicants we have today. It's gonna be a blood bath north of the border, and only a few will survive. Show me 100 more companies like Lineage who have positioned themselves in the American marketplace in such a way? You probably can't even find 10, and the market is MASSIVE! I can show you 150 on deck in Canada, in a marketplace that pales in comparison when sized up against only the legal states in the USA.
FYI - I am Canadian. I don't want to abondon my Canadian small caps, but the odds are stacked against them. With Lineage, the sky's the limit!