Ontario Rec/why I bought WEED here...The chart is ugly, no two ways about it. I bought in ahead of what I think is going to be a game changing announcement from Ontario which should come any day now.
We have seen the following headlines this week:
Doug Ford's decision is imminent Ontario freezes leasing for new Pot stores The writing is on the wall that at a minumum Ontario we roll out a hybrid retail scheme involving both public and Provincially run stores.
There is no company better capitalized and positioned to take advantage of this major shift in policy than $WEED. Knowing Bruce I would expect him to announce within days that they will be opening 100 Tweed Main Street stores which will only sell Canopy and their craft grow partners product. Sitting on close to billion dollars and making all the partnerships they've made to date set them up beautifully here. I believe this will be a major development once the mkt connects the dots, hence backing up the truck here even though I don't like the chart at all.
GLTA.
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