Legal or illegalmarijuana is here to stay. And hemp will very likely surpass the value of marijuana. Legalization is going to cause scrutiny for safety. I give Canopy thumbs up for leading the pack. The US marketplace has barely been touched with the new vice, probably because of the uncertainty caused by whether State law will prevail or the Feds. I haven't noticed the Feds doing much in the way of slapping down potpreneurs, so it looks like State law will prevail. The lack of clear business tools for investors and potpreneurs like banking and brokering, and borrowing have definetely curtailed the potential explosiveness of this business but I have noticed some crazy volume trading of a few Canadian Lps on the US exchanges. More interest too in the US MSOs. I think American investors are feeling more confident that their pot investments are going to be safe and want to get in early through legitimate potpreneurs doing legal business wherever they can.
JMHO but Canopy is best of class and is manouvering well with the US clearly in the crosshairs. They have a plan for branded Canopy products with heavy emphasis on beverages through Acreage Holdings. They also have 2.5 billion dollars to make it to the profit cycle that could happen very quickly with US consumers. I like Canopy as having a lot of upside potential and being a survivor as a high percentage of the competition tanks. It has bounced off its recent lows and I feel that as the US market legalization gains clarity that it could easily hit all time highs. If you think it is too pricey there is a cheaper way to acquire some shares. Canopy has a deal with Acreage Holdings for a reverse takeover of Acreage where Acreage shares will get replaced with Canopy shares. There is some bean counter math involved such that about 3 shares of Acreage will get you 1 of Canopy. It seems like a pretty good deal right now at todays prices that $10 worth of Acreage will get you a $25 dollar share of Canopy and then theres some floating shares too that Canopy has the option to buy for a minimum of $6 plus some change. This is all hinged on Canopy completing the deal they have with Acreage or walking away from the MSO that they chose to be the US branch of Canopy. 100's of millions of dollars have been paid by Canopy for this deal to Acreage, which Canopy needs for rapid US expansion when deemed legal. There is big money backing this deal and the management potential of the big money backers, Constellation Brands, Canopy Growth and Acreage Holdings. dyodd and glta