RE:RE:RE:RE:RE:RE:RE:regarding the complete Canadian industryThanks Watch, didn't see this post before I wrote to the original. I'll dive into it, and hopefully we can have a deeper conversation about this on the same level...
watchmeplz wrote: Just so you can understand a bit more, with links below. While this court case proceeds we all wait until theres a verdict, its very unlikely any other cases will proceed before this with regards to illegal dispensaries. So when current illegal dispensaries get busted and get held up in court the prosecutor is going to tell the cops to stop arresting the dispensaries until this, and many more cases are fully finished... even if it doesn't win, how many more quarters of losses can any company handle, while they sort this out in court.. if they do win? lol. LP's gone overnight, ACMPR's will flourish and probably what Canada truely needs, more like the californian laws where the growers can go right to the dispensaries, nicely labelled product in see through jars which allow branding, keeps facilites to a limited size because plant count through acmpr licensing, but opens the door to many more growers as rules are super simple to acquire a license which also cuts out the crazy 3-layered taxation and terrible construction of rules that exist on the LP's now.
https://www.straight.com/cannabis/1295496/feds-be-warned-lawyer-john-conroy-targeting-thc-limits-cannabis-edibles-and# "Conroy is also planning a second legal challenge in Federal Court to seek a judicial order that medical dispensaries—including compassion clubs—should be permitted." watchmeplz wrote: Imo, There's little chance. Read how Canada got here in the first place, Canada never wanted it fully legal (well conservatives didn't, treadeau just had no clue about it coming into power) the LP program was a Hail Mary to combat the then MMAR licenses. If you read the details from the 2001 and 2013 court cases you'll understand why it can't be overturned and why it's here to stay. Also, when you mention store front illegal dispensaries don't expect those to change for years if at all in general. John Conroy (the same lawyer in 2013 that won the acmpr challenge) is taking the feds back to court to allow the medical cannabis from the acmprs to legally be sold to "medical" dispensaries that are currently classified as illegal. Regardless if he wins that challenge or not, there will be very little enforcement or action to existing ones until that challenge makes it way through the court system. This isn't changing anytime soon, everyone will be in the grave before the feds figure out what to do about this mess.
Go0B3r wrote: I agree, lets see government start by removing dispensary store fronts, and then come up with some legal framework to start reducing the amount of Cannabis people are able to grow under the ACMPR licenses. You see this happening already, but something tells me you don't think it's a possibility. Would love to know why or what research you've done on this to suggest otherwise...
watchmeplz wrote: ACMPR's arent allowed to sell there product to anyone its supposed to be for personal use, but do you think thats happening? Theres no controls, no sotpping anyone from doing that and the plant count on some facilities are 2000+ plants! Its your competition on the black market side, its why there's a crazy over abundance of cannabis and we just started legalization a year ago. If these licenses go broke your LP's would be broke years before as costs are next to nothing with the ACMPR's. LP's have lawyers, a full team they need with responsible ppl in charge, taxation on 3 levels of govt, crazy security systems, vaults, etc.. theres no way of properly competeing and black market would always have lower priced product. No way they will filter this out until ACMPR disappear, which has already proven in court they will not disappear, hense, why you have a over abundance and no money in the sector.
Go0B3r wrote: ACMPR license holder can only sell their products into the Medical and BM Watch, and from what I know they aren't doing this legally at all(black market sales). You wont go into any of the 800+ ontario Cannabis stores opening up in the next two years and see products from the ACMPR producers because thats a legal framework set for personal medical use. It's also the confusion people are facing when saying that, trying to go against the "Black market" is taking down the "Mom and pops" of the cannabis industry. It's not even close to right, and it's not even close to telling the whole truth. The black market will slowly go down, no one wants to smoke mould ridden, chemically enhanced cr@p weed that has zero accountability attached to it if people are harmed. There's is a tipping point that will happen on the markets where the people selling even ACMPR weed wont make enough money to pay the bills anymore - Hydro is going up, and sales on the black market going down.
watchmeplz wrote: It's not the companies that need to get straighten out though, it's the laws and regulation. If we have health Canada involved which it always will be, it's bound to fail unless the LP license open wayyyyy up, even more then the medicinal acmpr personal production licenses. Those licenses aren't going anywhere as Canada got litigated to have them and if the LP licenses aren't more open then those, then nothing will work. There's MASSIVE amounts of acmpr pp product floating around, so much so, the market was completely saturated before LPs ever showed up. Then the hype came when legalization came and now there realizing no one could ever operate a proper business with the current legal setting in Canada. I'm shocked this thing is even still at .51c, but I think it's staying here because of book asset value and the loan they got. That will change on upcoming financials though. In my opinion we should expect to see every LP fail and no "coming back" until the Canada regulation is absolutely ripped apart and overhauled, which we all know will never happen.
jpm59 wrote: check out the post on APH's board regarding ACB & read the NASDAQ report ACB SELLING the MEDRELEAF property in Exeter,Ont., ACB production to drop from an expected 625k kg to 200k kg. The shake up is across the industry, lots of companies shaking up management (TODAY TGOD Pres. gone etc.) Supreme went in the wrong direction now just to correct it's course. At least they never over extended themselves with millions of acres.As long as a companies product sells & the company keeps cost , expenses,debt under control it should be just fine as a survivor. All these companies are getting straitened out. Supreme is now starting again in a correct direction. Looking for a new re-entry point & I don't expect the next results (Oct-Dec) to be very good but nor with other Canadian companies.The next 3-6 months will be the proof for all of them. Supreme's product appears to be well accepted, as well with some others and not as well as others.Supreme is mid size which is fine, just tighten the finances. JMO, still waiting, could get worse short term, have to see the next report, but I think all will be fine 3-6 months.Thankfully others are literaly going broke and rightfully so & get out of the game, too many players. jmo