RE:RE:RE:RE:RE:RE:Weed industry bubblelou64
We know your either a short position holder or a paid basher....SO GO AHEAD AND GLOAT YOU EARNED IT.
I'm staying long because although I agree with you that the upward movement driving factors have changed the best is yet to come....
I see cannabis 2.0 next week... I see many small companies getting taken out and Canopy taking a bigger slice of a larger pie...I see the Safe Banking Act passing soon..I see Trump passing an exective order decriminalizing cannabis before 2020 if only to take it away from the Democrats..This of course would trigger the Acreage deal giving Cannopy huge access to the U.S market..
MOST IMPORTANTLY I AGREE WITH MAYHAM. Constellation will take over majority holdings when acreage falls into place..NOW REMEMBER THAT 1 BILLION PLUS WRITE DOWN LAST QUARTER? It was to renegotiate the Constellation warrents.. Tranche A is still around 52.....To complete the takeover tranche A is around $ 76.50
So unless I'm wrong A CONSTELLATION TAKEOVER MEANS MINIMUM $76.50 SP..
AND THAT'S WHAT I'm banking on.