this applies to Canopy too!Acreage has just signed a lobbyist/promoter to bark for us in government circles. The more pressure on those politicians, the better!
Acreage is a leading MSO in the US and for those that missed the memo, there is an "arrangement" all inked and ready to happen for Canopy to share swap .30? of a Canopy share for each Acreage fixed share.
I'm thinking like the poster who suggested that Canopy will go back to its old highs and should be under great buying pressure when American investors can legally, at the Federal level, own the shares of Canopy without fear or prejudice. Canopy could exceed the old highs because it is still a world leader, destined to stay that way and US investors are trading more shares of it on the Nasdaq than Canadian exchanges.
Imagine 10x the investors, based on population figures alone. I'm thinking in the greater scheme of things, US investors probably own the bulk of Canopy's shares right now on the down low.
I think we either get the US greenrush launch or interested companies in the US pot market are just going to go with the security blanket of State law protection.
Judging from Canopy, we are getting our brands into the US, despite the rules and regulations, through branding deals. Canopy has a fistful of brands making their way to shelves in American dispensaries and retailers.
Don't forget who made Canopy's bones, it was Constellation with $5 billion which opened they eyes of the world and they will stay the course if needed until they establish top dog status.
Choose your cannabinoid investments well because a lot of those juniors aren't going to be there. Money is king to survival while this gets sorted out.
Hopefully the Acreage watchdog and public liason guy can apply some influence to the law and policy makers to get this going at the Federal level with Interstate xfr of our products, and all the other tools that we haven't been privy to as potpreneurs.
glta and dyodd