RE:RE:RE:RE:RE:2022............... Book it!Wondering what you mean by 'may force canopys hand'? If De-listinging isnt an option, then we need rules to change for an uplist. Mgmt knew by buying Wana, balance sheet takes a bit hit, and SP would go down. I guess if they 30% market share currently, and 1B gummies got sold last year, then it makes sense. Now what? Canopy USA is super profitable, and we're stuck staring at it for up North. T
Bio-steel has great potential, it just is still hard to find. We'll see if the stz /monster deal happens, if so, any of monster's routes to market will get used for biosteel.
If your on twitter, or listen to bojo from cura, most dont think chuck will get anything done. SAFE+ might be the likely outcome. Everyone us losing patience witbh canopy, myself included. How long do we need to patient for? The fact Klien was calling for 6-8 months to enter USA is pretty frustrating.
I dont know if you ever look at this guy:
https://twitter.com/cashflow_free/status/1493229973024423942/photo/1 The twiiter people love the mso's they all want the long awaited uplisting. Thing is, thats the green light for canopy.
insane to think that canopy has to issue only 25M shares for 70% of acreage, whose 2022est rev 316M usd and 2023 461M usd. Ter rev's 2022 rev are est 326M.
Ter m cap 1.7B acreage acreage m cap 226M, and these current m caps are below EV.
Schumer is a grandstander, who likes to hear himself talk. The 'soon' BS, he definitely timing his bill for april 20 or so. Definitely not 10R's going for that. Hopefully then he pivots to SAFE +.
Mitch is 78 and will be around til he's 92. Not to much value on S.H anymore. Usual bashers, and a few longs waiting for access to USA.
Homestretch4me wrote: I respect Ed for everything he is doing as it helps ratchet up the pressure on everyone in Washington but the buck stops with Schumer. No way his blue sky bill passes but its a great starting point to kick off negotiations. There's more than enough layers in Schumers bill that he can peel enough away during negotiations and still come away with the bill we need as Canopy investors.
I still hold a large position in Canopy but diversified a while ago into acreage and terrascend, both of which I consider Canopy USA.
Both acreage and terrascend are about to start having Stellar quarters. This could get really interesting as it may Force canopy's hand. I have been buying Canopy pretty regularly at these levels because these prices are a joke.
Lou(ser) and Starcrapper (both one in the same) are hacks. What they are saying about Canopy are the same things people said about Amazon and Tesla in the early days. These scare mongers are too busy chasing nickels to see anything like the wealth accumulation we are about to experience during the next 5 years.
I don't post much here anymore because it is the same people day in and day out with the same messaging. Waste of time really. I have all the bashers on ignore and read the board once or twice a week to see the long's take on any new news or updates on old news.
Bio-steel will be just as valuable as any LP or MSO down the road and that is just one facet of what we have in canopy.
Canada is a joke with their over regulated, garbage governance. No one is making any significant profit in Canada and nobody will until they change the regulations. I was in Tokyo Smoke last night buying my bakerstreet and ginger (my favorite drink of all time) and I could only buy 5. I had to get my wife to go in and buy 5 more. Complete joke. Right after that I could have drove to the liquor store and bought a truckload of everclear and funneled it until I died. No one has ever filed from MJ consumption. Nonsensical.......right? The rules have to change, it's just a matter of time.
A lot like the triggering event in the US. 70% of Americans support legalization and there is broad support on both sides if the aisle but the dinosaur Mitch McConnell is heavily invested in alcohol companies and won't budge. Good thing is McConnell is 400 years old so it's a self solving problem in short order.
Patience is all we need to win. I joke to see all the Longs here at the finish line.
WestCoast78 wrote: We'll see if Ed can get SAFE over the finish line. Sounds like more than enough votes are there for it. I still don't see Biden issuing pardons...yet. Sounds like NJ will be mid April for Rec,( obviously booker has something to do with that timing). It's the frustrating here canopy. All the front end spending on USA assets. If NJ lights up April, Acreage ( the will wholesaling as well as their 3 stores) will have quite the Summer. They will have higher rev's than canopy. So might wana and ter after this Summer too. All 3 are USA assets doing great, just not the mother ship. What's you thoughts on the monster / STZ deal? Is that for hard monster or bigger ideas?
Homestretch4me wrote: Oh, I remember quite well. I forgot to account for the ineptitude of the Democrats. When I said ,"2022.......book it!" I was speaking about a triggering event, not Schumers blue sky legislation. Safe banking and states rights is what I see happening this year. Good enough for Canopy to go full USA.
WestCoast78 wrote: Lol, no chance he has the votes. Lay off the pump. Canopy is in a rough spot. Sad to see it come to this. Remember when you said 100% triggering event this year? Or $100 sp for last summer. Canopy north is a disaster. Their USA assets are a different story. Sad to post this. I see no path forward for Cgc this year.
Homestretch4me wrote:
https://twitter.com/SenSchumer/status/1494355489588662274?t=LtX3tZrZtP6JNFAhmjZhHg&s=01