RE:RE:RE:RE:RE:Nice solid gains on this one as wellWhen WEED was $10, FIRE was $0.50, gains are pretty much the same to date but FIRE is just starting to sell product which their business plan....they are where they planned to be, as a B2B they did not pursue the med script market.
Supreme has the cash in the till to complete their facillity upgrade and carry minmal debt into the post legaliztion market, where as WEED will have significantly more competion of which FIRE will be selling to many in that market....in the first year, post legalization, FIRE's SP should realize substantially better gains than WEED while at the same time growing market share and increasing branding.
To date FIRE hasn't been a material competitor to anyone but that will change as soon as the legalization date is established, JMHO....Opt
brentkosta wrote: OptGreen wrote: Just to add,
if one was to sell Canopy today and buy FIRE their chance of a triple or a quad on their investment is a no-brainer....I see FIRE at $7.20 before WEED at $160.00, JMHO....Opt
OptGreen wrote: Canopy is the big fish in a very small pond of only med script holders....med script holders can only purchase product from the LP they are registered with and Canopy was the first into this very controlled/ regulated market. Post legalization will be a far larger market where anyone of legal age will be able to purchase MJ from any vendor in the market...Canopy will not have the monopoly they enjoyed pre legalization.
Supreme and other LPs will be able to compete for any/ all customers post legalization....Canopy will not be able to compete with Supreme in quality and production cost, JMHO.....Opt
DSEEGS wrote: MartialArts wrote:
Seems on the mid tier FIRE, OGI and WMD are good bets at this point. I see them all as take-over target as the giants want to dominate.
Watch king Canopy as it makes it way onto the NYSE. That's what driving investors to this sector as we approach the senate vote in 12 trading days.
Wmd merged with HIKU .Where have you been??..
YES "king canopy" is driving investors because of the NYSE uplisting but the problem is this time around the rise in canopy SP IS not lifting the sector with them....
People have been saying this since Canopy was $10. I hold FIRE. But they arent getting it done and retail investors dont want a low cost grower when supply will outstrip demand in a couple years. FIRE needs a new identity. I know they want to make a splash in the concentrates.. but so does every LP. So Im a bit nervous about how FIRE will forge an identity. Quality branding and name recongnition is years away if ever.