RE:It's very simple folksDiageo, Bayer, Pepsi, Coke, Tilray etc. are the type of companies that will be buying stakes or taking over APHA... why de-list by accepting a micro MSO bid in desperation. GL APHRIANS!
bionicjoe wrote: Up to now the cannabis stocks having been using anticipation as the fuel to drive their engines. The TV pundits warned the day of reckoning would soon come when the fundamentals would take precedence in the market. They were generally right but as an added consequence I feel the markets overshot to the downside. Many investors were caught up in the herd mentality and sold for a loss.
So what is the lay of the land as the storm clouds are dissipating? I think investors have come to the realization that maybe the downward pressure on these stocks might have been overdone. Armageddon never came to pass and indeed when you look at the guidance from the cannabis front runners nothing really has changed. It's still a message of we're on track to deliver blockbuster production later in 2019 and for shareholders to have patience. Of course, that guidance doesn't apply to day traders but the average retail investor has a longer outlook than a few hours.
No offense to the investors of smaller cannabis companies but I think size does matter in this case. There's no getting around that the larger companies are better able to bring their shareholders a more compelling ROI over the long run.
BTW, what I am afraid of if Green Growth's offer gets accepted is that there will be a stampede of former Aphria shareholders flooding the market with sell orders of the combined company and we all know what that does to the sp.