WestCoast78 wrote: catchascatchcan wrote: I've been in WEED since $7 and loaded up at $10. At this point in time, all the shorts would laugh at someone like myself who's still holding and has not cashed in at the peaks. But, I'm of the mind that this is still just a baby stock in a baby space. The MJ market will take another ten years to 'mature', and is really just now starting to become legal in any way. Think what it will look like five years after the US goes legal/states rights. There is little doubt that the market for MJ products is real and will be legally monetized in the coming years. Do I wish I cashed out on Oct 17th 2018 and poured my money into SHOP? Sure, had I known. But do I think I'm running a massive risk still holding through this down period? Absolutely not. While we now know that the Canadian market will take longer to migrate to legal sales, and may in fact be smaller than originally thought. We also know that it will not get smaller with the arrival of 2.0 products. Adoption rates will rise, pricing will get figured out, and margins will normalize. It might take another two years to get back to $60 or it might take one, or it may never regain that level. My money is on the fact that it will in due course, and I'm OK with waiting. Canopy has the undisputed best chance of being the dominant player globally. Today's Canadian sales are not the story, and investors know that. ACB can momentarily pass WEED in domestic sales, but Canopy will recover from this stumble within 1-2 quarters. We are best prepared to win the 2.0 space with proprietary in-house products, not merely licensed products. We command the premium market cap in the space because of our depth, including IP, branding, and STZ financial and know-how. It is absolutely painful to watch our SP get halved, and on paper I personally am down seven figures, so it's not surprising people have self-doubt in these times. But remember why you invested in the first place. I did because legal MJ is a global trend that is gaining traction daily, and because it is and will be big money. And Canopy is the top dog in the space. None of that has changed. New management will come in and clean up on the execution side. They will leverage our assets and ensure that we dominate. You'll notice STZ is back to within 90% of their ATH. They are world class operators who will ensure that we're world class for a few billion selfish reasons. I'll take that any day. Have your fun shorts, and sling mud while you can. I'm OK with it. Our trajectory is likely pushed back 12 months, but we'll be at $75 within the next 1-2 years. More when US goes legal. Let's talk then.
Another solid post CC. The difference 2.0 will make shouldnt be understated. I live and grew here in Vancouver.. We/ me, all my friends have been smoking joints forever. We are all we educated and high productive members of society ( doctors, laweys, business owers..etc). We have had access to edibles and vapes for 3-4years. My flower intake had decreased 90%. Most of friends dont bother to much with flower anymore. The odd joint but thats it. I have a few friends with license to grow and have for 7-8 years. I have all the flower I could ever smoke. Nope, Im at the store buying vape pens refills and various ingestibles. Why? Because I cant either A: produce them, or B: cant be bothered. This the brutal reality with the roll out. I never wanted to this earlier, but we all know this now, legal flower isnt there yet. Small dry expense nugs. No good. Eventually here the economies of scale will kick in, once fully up and running, price will come to actully beat the black market, which is shrinking every day. I do hear from lots of people complaining about the price ( not quality) and nose. They will dial this in soon. Anyone who has ever grown weed knows how had it is, but mostly how it takes usually 2-3 crops to get a room / space all figued out, and by the 4th or 5th, you're just in cruise control( pretty much now). I totally get why gels arent flying off. Bruce wanted them too, higher margins etc, but they arent really doing much for rec. Good for a few things, but not rec wise. I walked into 3 legal stores within a short walk of my house this am. Houseplant and LBS ( snoop) are top sellers according to the managers. CGC just came out with a higher dose Gel recently which I heard getting recommended. This is all micro. The marco is coming soon. We are swinging fore the fences here, and wwe all hands down the team with bases loaded and a numerous sluggers on our team, yes a couple foul balls, but if he hit the 250M q4, and even better North of $150M+ Q3 ( xmas buying spree 2.0, whihch I think very likely) we should back in the 80's by spring. Acreage should be busy doing some thing soon. I LOVE that they are starting to open Tokoyo Smoke and Tweed in Cali and Mich. Combined population of 50M. Lou-ser and other paid bashers( low wages im sure) will say sky is falling, price of weed in Oregon is rock bottom. This is how this will play out: There will always a flower demand. But it need to be good, high end indoor is always awesome. But the value added goods, literally all 2.0 products, require only the ingredient THC. So, we dont need any more 2million sqft greenhouses. We have all the flower we need. then say hello to crop switching. Lets say numerours 1000 plus farmer feils in Sask will not be for Canola next year. A little fencing and a few cameras is pretty cheap and easy. Even better down South were you grow 3 drops per yearsm, and in some places, perpetually. This is were branding and supply chain and IP kick in ( Do you hear of ANY otehr LP talk about this stuff)? Nope. We are light years ahead.
I remember buying my first mac bookpro, online from apple in 2002, there was literally no brick and morter that sold them. Fast forward 8 years and the apple store was everywhere and had lines up for weeks around x-mas. Im using this comparison becuase of superior products and branding and suppy chain. Being down numerous 7 figures in a few months isnt ideal to say the leasst. And there are many many of us. But if the stock was just living at 50-60 range I still wouldnt be doing anything, ie sellling a single share. The dog days of Summer are winding down. I dont know what todays total short ratio is, but it must be sky high. The old buy to close button will have to hit soon.
I recall Bruce saying that a sleep trial, pet tiral was going to wrap up this Fall. This results will tell us what we all know to be true. Then Spectrum for sleep will come out, as will Martha Stewarts CBD pets and human wellness branded stuff.
So; in summary: Our house got broken into by shorters, weak hands, and some institutional summer selling and knock over our dominoes, sloppily . They are almost all standing upright , and we are about really play this game.
Also, EBBU could and probably will deliver some finding, cannabinoid seperations, patents and all. Oh boy oh boy. Not far off at all, think about this: Post states act, numerous medical journals publishing double blind studies, and FDA grenn lighting approval. Suddenly all the insurances compines in USA are paying for peoples meds. No country pays more for the same medication and do they ever love there medication. And we have one foot in the door, soon to jump head first.