RE:RE:I`M REALLY STARTING TO WONDERHype / Future /Speculation take your pick of words. Same intent.
HIP will get a large piece of the 10B pie and should be a 2-3B Market Cap company in due time. This is along the lines of my 10x upside in previous post.
While I agree with you that Canopy and Aurora etc are setting up global - I think it is a short term upside and a long term bleed. While Canada is ahead for now, they wont be in 2-3 years. Every single country will set up and establish their own supply chain and companies (possibly with WEED and ACB behind them (possibly, because all it takes is one policy to change that) but the gravy will be made by the national interests.) WHY?? because Taxes. taxes taxes taxes. No country will pass on this and you will see nationalization of this industry to an extent.
Look up Molson and they have 100 years of history and world wide distribution. They are 13B market Cap. WEED is already at 11B even after the pullback. Was way higher before.
Where is the upside? To me its only downside. the upside is taking a 200M Market cap to 2B which is what HIP intends to do.
Qwertymcherty wrote: The reason why the big players are overpriced isn't because of hype, it's because of the future. Canada is a small fry (speaking as a Canadian). Our potential cannabis sales are projected at about 5 - 10 B a year, let's be super liberal and say it's 20 B a year because of tourism and the like.
Hip is a national player, perhaps they'll be more in the future, but for now they are Canada first. Players like Aphria and Canopy are already shaping up to be global. Regardless of the earnings that come out, HIP's realistic potential is a piece of that 5 - 20 billion pie, Aphria and Canopy have the potential the be part of that 200 - 600 billion pie. I personally own hip because I see more upside in the near future than the big players. We're here to make money, not make loyalties