RE:RE:RE:RE:Supreme cannabis acquisition. Westcoast, to your first point, it may very well bee that Canopy's initial builds were not thought through well. Hence the closings. Hence the rebuying. Perhaps this is the lesser of evils, but this will be a very costly thing to correct, versus doing it right in the first place.
As for Nash, sure, that's nice. But the question you should be asking is "does the market care". Clearly, the word on that front is "no".
This downdraft is gaing momentum on increased volume. I move the $33.25 up to 85% chance of happening.
WestCoast78 wrote: Orrrrrr the complete opposite of what you said. The BC greenhouses were inefficient. Designed for tomatoes and bell peppers, they were too big and too costly and the weed / product was not high enough quality. Needed more sun with additional help ( high pressure lights).
Supreme hybrid greenhouse fixes that. Twd had low cost gummies. Ace will take care of the top end. Same with twd vape, Ace will take care of the top end.
So far all their (post Bruce) moves have been pretty mornic right?!
And siging steve nash, head coach of the nets ( i believe they number # 2 in the NBA right now)
Dummies!!!
yp01048 wrote: I couldn't agree more. I thought the same thing. They have to be loosing market share or something to this effect for them to be buying these companies.
And then there is the loan they took out and the 2 billion shelf offering. I hope that will go for US expansion. But so far they have acquired 2 CDN companies in a short timespan.
And the layoffs and plant closings.
They never disclosed the price for the Ace acquisition.
By no means am I a technical analyst. But what I am seeing in the maket with a potential correction coming.. Spy is going to drop eventually, and Cgc tends to drop in multiples of that.
Good news doesn't seem to have an effect on this sector anymore.
and then the summer lulls.
There doesn't seem to be much interest in the entire weed sector. Which sucks!