CSE:ACRG.B.U - Post by User
Post by
geodcanon May 18, 2022 6:38pm
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Post# 34693939
Canopy
Canopyjust inked a deal to lock up Jetty Vapes div of Lemure. Same subject to option of pot decriminalization or some other legalizing effort such that non US based businesses can do cannabinoid business on US soil.
A lot of people are trying to paint a picture of doom and gloom but moves like this just move past this theory as Canopy continues to size up and acquire related businesses that will complement their tail to snout marijuana and hemp businesses.
Acreage seems to be concentrating in the Eastern US and leaning out in the Pacific Northwest.
This sure seems like a company on the go, positioning themselves for maintaining leadership and US rollout.
It sure seems to me that they have intentions of planting their victory flag on US soil.
At current prices those redemtpion deals that Acreage has with Canopy are looking pretty inviting as a way to pick up Canopy shares.
When we get the starter pistol those same cheap Canopy shares are going to be in short supply, although deals like this and Jetty are making for an increased sharefloat. Supply and demand! Remember that only some of the US investors have positioned with Canopy shares. There's a lot more to come when the criminal risk is gone out of the Federal legislation.
The US is the big enchilada pot market where good companies can be highly successful and the rest of the world will follow!
glta and dyodd