TSXV:EVE.H - Post by User
Comment by
Loudermilkon Sep 16, 2018 7:44pm
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Post# 28629763
RE:RE:RE:RE:This stock will be 5-10 bagger from here I THINK
RE:RE:RE:RE:This stock will be 5-10 bagger from here I THINKI believe oversupply has been an issue in some states that have legalized cannabis for recreational use due to the fact that it's not legal on a federal level preventing larger companies to take advantage of not just the flower but all of it's extracts and it's many other uses. Canada is legal on a federal level which is why Constellation Brands, Molson and possibly Diageo are jumping on board. Other large cap companies are showing interest, one that is rumoured to be making a deal tomorrow or sometime this week. Oversupply will not be an issue for some time. It takes a ship load of cannabis to extract a small amount of THC, CBD or any other cannabinol and after extraction the plant material is useless. Canada has opened Pandora's box and we don't know approximately how much weed we will need but rest assured we don't have near enough yet with all the value added products the American large caps seek to profit off of.