|I became aware of Canopythrough Bedrocan when Canopy took them out. It hurt at the time but I liked Canopy's story and picked up some more to add to my converted Bedrocan. In hindsight, I got in early and rode Canopy right up to $78 per share. Didn't handle the downturn very well and dug my heels in, which was a mistake. Finally sold most at $46 per share with full intentions of buying Canopy back but liked the Acreage story better at the time. Fomo got me out of Canopy and cash was a good place to be at the time. Dumped 6 figures into Acreage and patiently standing in line waiting for investors and politicians to launch the greenrush.
Canopy is well known in the investment community but Acreage not so much and I am sure that a good portion of investors don't know that Constellation will own them all. Constellation added so much legitimacy to the cannabinoid business with their $5 billion C to be a major shareholder in Canopy and Canopy picked Acreage for their US division.
Constellation is hard at work bringing their know-how and ability to both of its partners until US Democrats take care of whatever legislation is needed to do a full launch of their greenrush, which will be amazing!
I truly felt that the Democrats were more motivated to deal with this issue given that they tried several times to introduce bills that would help potpreneurs and Mitch would block them. It is in their interest to do this quickly because they could lose their advantage pretty quick if the voters turn on Biden who has some grandiose plans, some of which I question as reasonable. Legalizing pot makes sense for a lot of reasons and would take a stab at the cartels and gangs, not to mention tax revenue and jobs.
My gut is telling me that the market as a whole is waiting on a serious correction about to happen but there are always silver linings. I feel strongly that marijuana could be the winner but not all marijuana companies. Choose well and know what you are buying! glta and dyodd