RE:RE:RE:RE:RE:Dems Hit Impasse
We can agree to disagree then and just let the market be the judge. It wouldn't surprise me to see Canopy go up 10-20% at some point while the US companies are likely going to do 300-400% just to trade at fair value. I see Canopy languishing in Canada for years. The safe banking act won't allow them into the US market meanwhile it's going to cause explosive growth in the US companies. We'll see the same thing play out as we saw in 2017-2019 in Canada. Safe banking will allow more funds and companies to jump in. I predict a large investment or merger will kick off the industry there. Followed by huge inflows of money from hedge funds and banks. The companies in the US are growing 15-20% a quarter. Right now they're valued at 3x sales most of them. I believe that will move to 10-15x sales as soon as banks can get involved. They will start covering the sector and you'll see ridiculous price targets just like in Canada as they drive the prices up. Just for reference as well Canopy is trading approximately 16x sales currently. There's 300-500% to be had in the US at some point in time . I just don't see that for Canopy. Believe me Canopy made me over 2 million in profit and I really wanted to buy it again. I spent the last 3 weeks researching the sector reading financials from both sides. Although I have a fondness for this company my money is better in the US for the time being. Take it or leave it a lot of investors money is going to move to the US but that's just my opinion