RE:Hope for the New Year $70 a share?!
I'm just curious what your timeframe on this is. I don't see this happening anytime soon for a number of reasons, and trust me I want it to, but:
Negatives
1) Debt coming due in June/July timeframe
2) Closing of Canopy USA not until end of 2023, well maybe I need some clarity on that. Acreage is closing end of year, but Jetty and Wana are closing sooner I imagine. Does anyone know if Nasdaq accepts the agreement if they can still report their numbers, or if we have to wait until Acreage?
3) Nasdaq not allowing the consolidation of financials
4) CGC is not profitable currently
Postives
1) BioSteel- this is our saving grace for the time being and next few quarters
Hopefully the next few quarters we will see a remarkable uptick
2) US subsidiaries are doing well, and will have continued growth
3) Surprise Biden re/descheduling, even backing full legalization
4) More states coming online, pushing the need for Safe
While I think there will be a steady flow of cannabis news in 2023, I'm very weary of what will actually be accomplished. Biden Admin is patting themselves on the back in regards to cannabis reform, yet literally nothing was done.
Anyways, until next year. Happy New Year CGC investors.