It's a bytchslappin' kind of a day for all of the greenrush stocks and a very black Monday as hope runs out for getting a SAFE bill passed before year end.
It looks like I should have had more patience with my bid before I broke my own rule and ponied up more dollars to increase my stake. Oh well, it is what it is and I believe that there is a lot of momentum built in that weak hands and naysayers aren't acknowledging.
I see Canopy as a leader with a very smart big brother called STZ Constellation Brands.
This investment has been a crazy ride and I am still having a hard time believing the massive swings in sp that we have endured.
It has been exagerated by government foot draggin', short players, marketmakers, brokers and mostly by sentiment of interested players.
If you think this is going away, dump your shares for something with more potential, and share what that is with me pls.
We've had wars before, no black plagues or covid in the modern economy and government that had no choice but to run the printing presses so society could stay home where it is safer than the workplace to ride out the solution period for covid.
Society liked the paid holidays, too much, I think, such that business is screaming for help and employees to return. Supply is impaired but demand seems to be holding in there.
Pot players responded to the sentiment et al and sp of stocks kneejerked to flirting with old lows.
I have invested in a few potpreneurs and fortunately got out on the right side of Canopy but after watching a couple of $70 dollar spikes in sp, can't help but justify that Canopy can do this again with the professional businesspeople that took the wheel and their hefty bank account.
Since the Canopy/Acreage deal, STZ has continued to invest in several other companies and brands that fall in to their wheelhouse. I feel that their dealings have a huge picture in mind for blending all of these companies into a mighty powerhouse.
If I am understanding their intentions that have the US firmly in the crosshairs with continuing beverage success with a plan for the future as they see where beverages going in the future with Constellation proactively protecting their soft alcohol market by investing in a very different future as seen by their future see'ers that understand that consumers are looking for healthier buzzes and less calories than beverage alcohol currently offers.
Old dog has a pretty good finger on the pulse and I believe that he sees survivorship and success in the future for the Canopy/Constellation/Acreage trifecta and all of the other businesses of interest and investment by the trifecta that have secured brand name skus and rights.
US legalization has been ridiculously slow but it is going to happen, possibly one State at a time, but we will arrive.
I have figured that a big portion of the delay is the fact that the Cartels and Gangs play much higher stakes than the government people charged with making this happen aren't willing to play even though I don't see much left for the criminal elements in the pot biz.
I also mentioned that value added, like beverages, edibles and anything pot that requires more than cutting, chopping, bagging and smoking will cut their own path to success as will anything cannabinoid that strives for pharma designations as medicine recognized by consumers and government.
It won't take many more of these 20% downtick days to kill 95% of the players and the onces with financing secured, chances of positive revenue or that have unique, desirable strains and such that wil survive and thrive because the calculator crowd expects big dollar values to be generated and good smart business will be able to capitalize on that and reward shareholders to set a positive direction and acceptance of a legit new vice planting roots.
Jmho, dyodd and glta