RE:RE:RE:RE:Nice solid gains on this one as wellI see the run up to $2.88 on FIRE was just MM manipulation/ hype as there was no material news or change to support and maintain the SP at that level at that time.....but I see FIRE under valued at current SP levels and have a hard time seeing WEED under valued at current SP or making the near the same % gains in the at least for the irst year ot the post legalization market.
Agreed that a med script holder can purchase across provincial lines but only with the HC qualified LPs they are registered with...not sure if you can register with more than one LP but do know that you can only buy the amount that the script Dose specifies in total, whether that is from more than one LP....if Dose is 1gm/ day you can only puchase a total of 30gms in 30days.
I see LIFT has Broken Coast rated very high in quality but how it compares or will compare with FIREweed is unknown, until the majority of FIREweed products are available on the market of which only a few products/strains have been offered for sale with a couple of LPs and only available for the last ~8mos.
There appears to be much better upside potential for Supreme in the first year, post legalization date being established, as they will be ready to supply much of the increase in market demand while the LPs selling to only the med script market will be squeezed for supply at least for the short term, hell maybe even canopy will be a FIREweed customer?, JMHO....Opt
DSEEGS wrote: 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....
This was not a question .it is fact- canopy SP is soaring and its not lifting the sector like before. Last time it traded this high
supreme was 2.88 . .. --- i am long on mid to small cap plays
supreme one of em***
so i am pointing this out as it is a new development . That being said i agree with somewhat what you said.---
The parts i disagree with would be
CANOPY having a monopoly of patients so far, and THAT BEING THE reason why canopy is where they are today .Having a medical card you have access to order from any Lp across provincial lines -broken coast has the highest % of return customers in the sector **this means quality ***
CMED had 50k patients many others have significant amounts s well . The revenues from this had minimal effect on WEED SP AS REVENUES WERE ZERO FOR MOST .EVERYBODY KNOWS REVENUES ARE WAY WAY DOWN ON THE LIST OF IMPORTANCE PRE REC. (not my opinion..i feel aph being profitable since day1 is how these LP should conduct biz) But the market makers felt this was not important yet only future growth.canopy having 5M sqft of production with 7 facilities across the country with distribution channels ,infrastructure for buildouts/capital and star power(snoop) (constellation ) --EVEN THE TICKER WEED HELPED ATFIRST- this is how trival the sector was at that point..
But most importantly FOR SP is canopy is REC READY ********THEY DWARF EVERYOTHER LP FOR PRODUCT READY DAY1 of REC ITS NOT EVEN CLOSE ...ACB AND LEAF TOGETHER NOW HAVE HALF OF WHAT CANOPY HAS READY DAY1 - THIS IS A CONCERN BECAUSE EVERYBODY IS SEVERELY LAGGING BEHIND- THEY BASICALLY HAVE NO INVENTORY--is why their SP is where its at...APH SAID CPL DAYS AGO THEY ARE STOPPING WHOLESALE TO VAULT THE PRODUCT TO GET REC READY.ALL THESE "OTHER"GUYS ARE SCRAMBLING ...
So a combination of these factors is why not a monopoly of patients... The parts i fully agree with is
SEVEN ACRES QUALITY - snoop's line of weed is just average imo - the packaging is top notch but the product for the price does not match ..i expect more outa snoop and canopy going forward if they want to keep this market share...but dont kid yourself about it being a dead-even market post legalization - canopy has a stranglehold and always will due to sheer size and magnitude of their companies reach..they will squash anybody like a bug they so choose.and enter and dominate any market they so choose..