RE:RE:RE:RE:Voting end of Feb.BiggyG wrote: Cannot envision a reverse split for OGI. R/S is usually a sign a company is having trouble. We would all be surprised if OGI was in trouble given the improving performance of late. OGI S/P is a victim of the overall market. I am happy to hang onto what I have.....BTI is in the wings waiting for the right moment, a deal has likely already been struck to buyout OGI, Beanie is there for a specific reason and its not a long term one glta
The biggest reason I can think of is the US listing. Non US based companies are migrating to being US businesses because Canada dropped the ball for anybody making any money. Canopy Growth has announced there American ambitions despite the lack of legislation Stateside that, at one time, was so essential.
Tilray is following suit with Canopy and actually emulating Constellation's game plan by buying up US alcohol beverage companies, I think, for the quick switch capability to cannabinoid beverages when the rules line up for this to be successful.
That US Nasdaq listing is important and the rule is a buck a share in US dollars to be on that exchange which makes a consolidation a very real possibility.
I can only speak for myself but they have never worked for me when I have been caught in this management tactic.
OGI's shareprice is the result of malaise for anything marijuana, due to too many players, too cheap a price for skus and some protectionism from US players towards Canadian companies even if they are doing better than their competition.
The biggest catalyst for positive movement in the marijuana biz would be some decriminalization at the Federal level in the US such that it would free up the potential for all potpreneurs to sell their wares. The cost for this to happen is that 95% of those junior potpreneurs are going to tank from lack of financing to carry on while this whole business gets right-sized.
Too many players, too much illegal weed in competition and too many Nancy's that are determined to protect marijuana users from themselves with all of the protectionist measures that they are over-doing imho.
Constellation shook up and awakened the marijuana biz with a $5 billion investment in Canopy Growth and even more in a half dozen other US companies that shows their intention for the US marketplace. A lot of other beverage companies are also positioned to jump in when the legislation gets done to allow thc infused beverages, a level playing field with beverage alcohol which to me means being able to offer these skus in the already established alcohol bars and lounges, liquor stores as well as dispensaries and homesales.
Beverage alcohol knows that cannabinoid beverage skus are going to take a big bite out of their soft alcohol beverage sales as consumers get more health conscious about the detriments of alcohol and those familiar with thc and cbd will change their choice to this type of beverage for a lot of good health reasons like less calories and sugar, no hangover or just a way to cut back on too much alcohol.
OGI is hanging in there but under pressure as are all of the other players as investors wait for clear direction from the US to eliminate the heavy penalties incorporated in the Fed act and hopefully some good progressive legislation to launch the great American greenrush which is a huge opportunity to spark up some confidence for a good run to take us out of these doldrums.
I didn't catch any mention in Bidens speech last night about some progressive change for marijuana laws even though he has ordered some action on the part of those charged with getting it right for the potpreneurs who are coming one State at a time if not en masse.
glta and dyodd