RE:10 million shares traded on Fridaygeodcan wrote: and 7.5 mill of those were traded south of the border. It wasn't even a regular trading week with US Thanksgiving. I don't get why US investors are buying CGC and not buying CGC USA Acreage Holdings division. That Acreage investment is on sale right now by my calculations and when Canopy is allowed to put it under the Canopy name those Acreage shares get converted to Canopy shares. When there is a perception of the US triggering event happening, I predict that you will see Canopy back up to $60 or better and those CGC shares that are being picked up in massive amounts by US investors will be in short supply as Canopy is being recognized as a true blue chip investment. At Friday's prices for Canopy and the beat down sp of Acreage there is almost a triple to be had subject to said triggering event. The amount of US investing in Canopy suggests that this is going to happen and it isn't just Canopy shares but also other Canadian Licensed Producers being purchased by US investors in addition to Canadian LPs picking up assets in the US. Investors just don't get that Acreage Holdings is Canopy's choice of the US MSOs for full launch into the US marketplace and it seems more and more that all of these companies are acting like the legalities have already happened or are a sure thing. Canopy is already getting their brands on shelves through Acreage retailers with branding deals and they are pushing the hottest items which are beverages which are flying off shelves in Canada and they expect the same in the US. Then there is BioSteel, Martha Stewart gummies and even pet chews and more. The movers and shakers are moving already and not waiting on the rules and regulations and Canopy is amongst the most credible because they are executing and have financing. Their plan for the US is Acreage Holdings to be swallowed up by Canopy and it is on sale imho. glta and dyodd
CGC can't sell THC cannabis products in the US untill it is federally legalized. They can't do business between states that are "state legalized". They can sell CDB products and we will see how it is going. Acreage Holding didn"t impressed with their quarter result, so their stock price. Biden is against the Fed legalisation but want to decrimilized it. Until Harris replaces Biden, who obiously has cognitive problems, it will slow down the expansion of the numerous companies for months and even years. This is the reality. Don't forget the huge competition of different products, by the huge number of companies. There are a lot more companies that the ones in the stock market. One point to consider is that a company producing cannabis in a state that legalized it, can't sell their products to other states that are also legalised.