RE:RE:RE:Share split 2019Rainbow, I agree with you a hundred percent! And I recall Bruce saying at the AGM that they had until July 2019 (a year from the split approval) to implement the split. So I'm guessing it'll happen soonish. STZ has a history of implementing stock splits in May I believe so maybe we'll see it announced in March or April?
RainbowRunner wrote: Stock split is good because, for one thing, it plays to the mentality of a lot of retail buyers who think they can’t afford 100 shs @ $70 but are happy to buy 100 shs @ $35. It’s a psychological advantage that brings in new buyers. One thing I know for sure - there WILL be a split, it’s just a matter of time. Bruce & Co. didn’t pave the way for a split at the last AGM for nothing. Maybe this year, maybe next year, but I’m betting sooner rather than later.
gringodude wrote: not being argumentative
but why is a stock split good for current shareholders?
and I agree with the NY news being very good for the Co
the CBD business will be strong there and expect it to span state borders eventually
Cali not so much... it's a mature market with well established medical system
and a thriving rec system, as well as massive existing grow operations
maybe if the state gets more involved with regulation I can see space for CGC
but we also have CGC's stance that they will not egage in THC business
as long as it remains federally illegal