Allow me to add some perspective to Legalization day
I live in Montreal, and today on my way to lunch, I passed in front of the downtown SQDC store. The lineup was around the block, which represents roughly 350-400 people. Now this is 3 days after the opening day and I can tell you that it's been like that every day since opening, at all three locations in Montreal. I spoke to a friend of mine who works for one of the major news outlets and he told me that they had interviewed 30 people coming out of the downtown store today. The average purchase was around $65.00, which represents a purchase of 2 products of 3.5g. In the Global news report, they stated that the SQDC had processed 42,000 orders on the first day. 42,000 x $65.00 = $2.7million. I like to be conservative so let's say the average order is only $25.00, that would make it over $1million in sales the first day alone. I've been on the SQDC website today and although Canopy still has some products available, the two most expensive items, Bakerstreet and Penelope oral vaporizers, which retail for $105.90 a piece, are currently sold out. On another note, I've been keeping track of the institutional buying into legalization, and then since, and although the buying was at an all time high leading up to the legalization date, it has only gotten higher. On the Nasdaq website it shows Canopy is now up to 175 Institutional holders. Add all this up with the fact that some so-called analysts are coming out of the woodwork with hastily written and badly researched articles designed to scare retail into selling their shares, along with the procession of trolls that do the same on multiple forums, including this one. I can come to only one conclusion, big money desperately want your shares and will do what it takes to get them. Will you let them take your shares this early in the game?