RE:RE:RE:RE:RE:RE:RE:$0.651sergedompierre wrote: Rota....you are missing the point :by the end of the year FAF will have over 75 stores open and ATC will own more shares then now . They are there to stay and will become the number one cannabis retail operation in Canada ...share price now does not mean anytning ..in a year or 2 when life gets back to normality that stock will be up around $2-3 but as with any investment only time will tell ..good luck ! SD
I didn't miss any point. Never see things in its best way.I have a position in FAF and nothing is sure. For sure FAF stores will be successful in the long term, they are stores and they sell cannabis. Though, never trust a big corporation, think about the Airbus deal with Bombardier. Everybody were praising Airbus for finally a very bad deal that Bombardier had no choice to agree.
You have to look at a lot of possibility like CT pushing FAF to open more stores and FAF needing financing (as they did) that dilute the company while the share price go down to CT advantage. It is never a good idea to grow too fast, and I don't trust CT. I like CT backing FAF but I never trust a big corporation, even more with the knowledge and success CT has. FAF will have a bad quarter while others could very well fly, people putting their money in them. Bad quarter because their stores are not open even if they sell online. Look at GTII, TRUL, CRON, that I just bought at the beginning of the week. I don't really care about the increase today but I want to be in for the banking act.
With the recession coming and maybe even a depression, I changed my mind and will invest only in cannabis companies.
I will not buy WEED, I assume the next quarter result will not be good, which I don't really care. I want to know how they will deal with the hole they dug, and if the new CEO is up to the task, which I think he is.
One thing is sure (weird since I said otherwise a few sentences ago ;p), or almost, is that a lot of jobs will be lost. Opening the cannabis market in the US will probably be mandatory with the bad jobs situation to come. So their will be two booms that will boost the sector. The banking act and the legalisation... = lot of needed jobs, and a boost in the companies that will be the more affected in a positive way. I expect another bubble but a smaller and shorter one, obviously.