RE:RE:Ontario Rec/why I bought WEED here...With close to a billion dollars and the Goldman Group finally earning their keep, an announcement to open 100 stores is hardly over-reaching imo. Bruce will make a major move, that has been his MO for the last 24months.
Shock and awe.
Savvvyinvestor wrote:
Buckshot26 wrote: 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.
twitter @theHallowedgold
Some nice over-reaching and wishful thinking from one of the sharper longs on this board!
100 Tweed Main Street stores suddenly!? Announcement conveniently within days? Your overthinking pedal is down to the metal here! Go buckshot! lol
This sounds like a clever retail attempt to cobble together grounds for a bottom as the Shorts continue to rain down HARD.
What the longs continue to fail to get is we are still a bit overpriced here!!! From the deep pockets who are shorting this, I'm wagering its gotta feel more like this scene from Magnolia before the hour to buy is upon us.
Were not there yet folks, hang in there and protect your hard earned capital!!