BLACKROCK Municipal Income TRUST V.BFK.P

Primary Symbol: BFK

BlackRock Municipal Income Trust (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to provide current income exempt from federal income taxes. Under normal market conditions, the Fund invests at least 80% of its managed assets in investments the income from which is exempt from federal income tax (except that the interest may be subject to the alternative minimum tax). The Fund may invest directly in securities or synthetically through the use of derivatives. The Fund's investment policies provide that it invests at least 80% of its total assets in investment grade quality municipal obligations issued by or on behalf of states, territories and possessions of the United States and their political subdivisions, agencies or instrumentalities, each of which pays interest that, in the opinion of bond counsel to the issuer, is excludable from gross income for federal income tax purposes. Its investment adviser is BlackRock Advisors, LLC.

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BLACKROCK Municipal Income TRUST > Ontario Market $3 billion/year?

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Comment by CougerMilkon Oct 01, 2020 12:59pm

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Post# 31651625

RE:RE:RE:RE:Ontario Market $3 billion/year?

At the current pace, Ontario will reach full deployment of 1000 stores in 2 years. My expectation (and hope) is that other establishments can purvey cannabis beverages in a service setting. There's seperate, huge potential market than exists for retail.

quinlash wrote: Estimates on the needed number of stores in Ontario is 1000+ were it as 150 +/- at the moment. Alberta has over 500 alone so we can see how grossly under-served the Ontario market really is.

This is an emerging market with sales ramping up as more stores open and more consumers warm up to Cannabis and alternative products over actually smoking it. IMHO this is a WHEN and NOT IF the shareprice will go up. Patience is needed.

I am willing to bet the Cannabis continues to prove (as it has through-out history) that people want it, will pay for it, and those payments will make HEXO profitable.

Last QTR report HEXO reported a gross margin of 40%, easily beating Canopy Growth that only reported a margin of 9%.

Holding tight for QTR report towards the end of Oct, just 3 weeks or so out. Investors can re-evaluate the company on the actual numbers posted and decide to come in on the company or do a partial rebalance or exit. How that reflects on the shareprice will be determined when the numbers are known.

GLTA

DYODD

Q

CougerMilk wrote: Here's a link to a chart showing the recent correlation between Ontario's opening of new retail outlets and sales growth. https://twitter.com/weedstreet420/status/1307415592597688322/photo/1

There's an existing $2.2 billion blackmart in Ontario to be tapped and drained. Add to that growth new customers in a legalized market. And, Ontario's officially on pace to double its retail outlets by January 2021 and a similar increase every 4 months thereafter. I would expect Ontario to other moves to liberalize (e.g., availability of beverages) in its economic recovery measures.

Both new customers and the blackmarket users of 1.0 products appear highly price-sensitive. So, Hexo's strategy of low cost production and sales could lead the highly predictable growth coming in Ontario.