RE:RE:I've taken quite a bit oflou444 wrote:
Agreed there's little respect for Acreage and to lesser extent Canopy $CGC. Everybody loves MSOs for good reasons but the Canopy trifecta ($ACRHF, $TER) can be a powerful force in US if the feds act decisively to legalize cannabis. Dems would need to introduce legislation SAFE+ MORE and also delist marijuana by decree. $ACRHF $ ACRG.A.U shares are still attractive buys. Noteworthy, is that insiders have finally begun to buy recently. Acreage should be trading with a much smaller discount to the offered price of $9 US (0.305x$31)
And still, several other Canadian lps are doing massive volumes through US markets. ACB, APHA. Not to complain about CGC/WEED which has done well lately. I can only attribute it to the higher price that Canopy shares are getting. I know that I am always looking for more shares for less money in similar companies that I feel have the same potential. Getting a multi-bagger on penny stocks is a lot easier than a solid player getting a double and the fractures are beginning to show for the US greenrush as investors are willing to invest and rely on State laws protecting them. To date, I haven't noticed any Fed action to go after companies that touch the product but changing the legislation would clear up any uncertainty and we will get a launch. Fomo has lots of US investors putting down dollars to be a part of the promise this holds for a greenrush. Something like 50 million shares of ACB traded today mostly from US brokerages. I don't know if they feel better being in Canadian lps or safer but volume doesn't lie or they just recognize that Canadian lps are finally approaching profits as Canadian regulators clear up some of the hurdles that have prevented sales.
US MSOs are navigating well to not rile up any actions from watchdogs and even Canopy are positioning through branding deals with Acreage and Terrascend in anticipation of full launch and whatever trigger causes that. Maybe Canopy will feel safe enough to rely on State law protection as are the MSOs.
Acreage shares still have an edge imho for a couple of dollars profit when those fixed shares get swapped out. I'm in a quandry about the floating shares, trying to figure out how they will play out. I do think that Canopy will get its shine on with US investors when we get the triggering event and our sp will spring back to old highs or higher and those Acreage fixed shares will be a way to be invested in some Canopy when the US piles on board to be buyers.
Fingers crossed for Fed descheduling of marijuana and the SAFE Act to free up all of that dry powder that is sitting on the sidelines, waiting for clarity. glta and dyodd