RE:Thursday nightSelling FIRE at these prices rr is pure insanity, as the sector weeds out the weak players and the sttrong, those of value like FIRE will move forward. FIRE is a blue chip asset now and always has been it is just too late to build out enough on it's own to maintain that quality of an operation and survive.
There is no loss or shame here by any measure, the sector is consolidating and FIRE is not in a position to grow and survive on it's own, not unlike the other assets WEED and the other large cap pot cos are acquiring daily....it is just that FIRE is the gem in all that rough.
WEED was ~$70 a few months ago and plenty of talk about blowing through $100 by year's end and we have a solid triple or better when many will be lucky to survive at all. Anyway, everyone will do what they are going to do and all the best to all the longs in whatever they choose. JMHO...Opt
ridingrockets wrote:
Will make all the difference for me. What will we see? If we see an increased recreatrional market share; GOLD. If there was a decrease in market share, BAIL. Tweed needs these guys amongst other moves to have a hope at being profitable. There is no way imho that Tweed allows this deal to fall through due to their active SP. RIght now there is 0 reason for a sole Supreme share holder to vote yes. Only those that have money tied in with CGC will want to vote yes. I do not know what those splits are but I do not believe Tweed will allow this deal to fall through. They will increase their offer in the event their SP continues to bottom out. Patience on this one, now imo is not the time to fold. Wait at least until the ER end of this week would be my two cents. The risk at the moment is a lot lower than the potential reward.