RE:RE:News Flow Hey Michelle,
The third bill hasn't passed. The bill has passed, as of the third reading last week. Now, the ammendments are all being decided on, after which point it will be flipped back to the Senate for final approval of those ammendments.
Although technically, the Bill has passed (which some folks interpret as the point of no return), there are going to be several weeks (if not months) in deciding on the last remaining issues outlied in the ammendments, and even more work for each Province to implement this.
There won't be a massive demand for recreational weed for a while yet. With the video of attestation coming first week of August, I see this as being a good timeline compared to some other small caps.
Regarding the recent news delivery, I went through it again this weekend with a fine-toothed comb. The two things that stood out to me the most was them referencing some of the equipment that they have used (aeroponics and high-end LED lighting). And also the very positive sentiment I detected from the CBD trials. Both of these bits of news to me are reinforcing.
Things are falling into place, but I wouldn't expect a rally on this until major news, perhaps several weeks away. I don't expect a significant drop in SP from now until then, though. If not a slight drop, a slight increase. I agree with Ovechkin on this, watch it Friday to Friday for a slow and steady gain until major news hits.
IMO, we should be at 40-45 cents right now given everything, but it may take another few days for that newsletter to be fully absorbed by investors.
But then again, the more you think things are going to one way, they go another.
Have a good day, all.
michelleb33 wrote:
thete does not seem to be news flow here. Hopefully that rally isnt the last one in the sector now. Now that the 3rd bill has passed