RE:RE:RE:RE:Linton will officially be Chairman if merger goes throughhfxpsy21 wrote: I understand. Valid question. Look at all the mental health problems people are having that will only become worse because of the Delta variant and oncoming lockdowns. Mental health is finally being discussed openly and is not something people should be ashamed of. The medical world has been treating mental health and brain health the same way for 30 years. We need change. Combining psychedelics with therapy is slowly becoming acceptable. Various states have begun to decriminalize psychedelic possession and use and here in Canada mushrooms are being used for end of life (for ex) therapy. When Harper was PM he allowed Cannabis to be used for medical purposes. I owned Tweed when it was $2.00 but sold it because I couldn't imagine it ever becoming legal. Ooops!! RLH is already selling through SR. The Liberals will probably win the next election. Mental Health will become the next priority for governments around the world. Highbrid is going to be involved in the medical and rec space and both companies have revenue now! Look at the stock chart for Tweed/Canopy: $2.60 in 2016. $59.00 in 2019. Before that in was in the average 50 cent range for years. Cannabis became legal and the world didn't fall apart. It paved the way for the next movement. I admit, $50-$70 is a bold statement but considering what happened with Cannabis, it's not impossible. Those who missed out will pile into psycedelic stocks due to FOMO. Horizon was quick to create an ETF. Big money is always looking for the next big thing. Can anyone think of something bigger at the moment? Again, JMO.
Thanks for taking the time with your thesis...and you make great points.
I too missed out on the Tweed boom....I heard about that stock as a spec play back before Trudeau got into office...it was around $2.30 a share....then when they won the election..the thing took off and never looked back.
I don't want to make that mistake ever again.
I hold TRIP and MMED...got into MMED at .57 with a big chunk and doing the same here with TRIP.
I too believe that this sector will be ever larger and more effective than the cannabis sector by a long shot given the potential to effectivly treat what so many millions of people have...it is a disrupting play against Big Pharma and their less effective drugs that are outdated and the science is from 30 years + ago.
I just wanted to see your thoughts, but also still want to remain conservative. But yes, there is the potential for this stock and sector to do just that.