A couple of things brewing?Valens CEO Tyler Robson is going to participate in ATB's Institutional Investor Conference which is a 3 day conference organized by ATB for INSTITUTIONAL investors, not retail bums like us. Robson has a key time-slot, kicking off the final day on Thursday January 14 at 9am Eastern. That's not insignificant, usually the first session of the day is reserved for a key-note address and/or presentations / speakers that are considered of the greatest interest for the largest number of people.In case you're wondering who ATB is,
ATB Financial is a
financial institution and
Crown corporation wholly owned by the
Province of Alberta.
Something else to mull over... in the US, obviously COVID, the economy, Trump, and probably other issues, are going to take precedence over federal de-criminalization / legalization of cannabis in the short-term, but it will come, no two ways about it. Might take a year or two, but in terms of business planning cycles, that's not a long time. Companies often try to plan 3-5 years into the future. OK, so the election results are in, and the Democrats control all 3 levels of the US government. Large US business in the recreational beverages space must have been considering that possibility, and now it's a reality, therefore they need to start planning for the de-criminalization of cannabis, and the business opportunites that will present. So what does that mean to us? Well, Valens is a leader in a bunch of different ways: product development, consumer experience, etc., and the stock price / market cap is pocket change for a large beverage company like Coca Cola or a CPG company Procter and Gamble.
Could be an interesting week - GLTA Longs!!