The turn aroundheavy anticipation that the worst is over for the solid pot companies and that they will gain traction and reflect the value in their share price.
There have been a lot of forward spurts towards this objective only to be dashed but there is a lot of interest in this newly legal industry that is desperately trying to sort itself out.
The politicians are non-commital to listen to the invested lobbyists and deliver some commonsense legislation that will at least allow access to all of the banking and promotional tools that are available to every legal business in the US.
Canada has risen and fallen on their political screwups in regards to the cannabinoid business, mostly related to protecting consumers from themselves, despite the safety factor of pot by comparison to alcohol.
The US needs to go to school on what Canada did wrong and get some good legislation passed to take the guesswork and having to deal with multiple levels of government to advance a cannabinoid business in the States.
The FED legislation is hard and heavy if the handhake deal they have honoured with the pro-pot States falls apart. It is serious enough to keep the LPs at bay, although they are advancing their efforts to the US marketplace.
Canopy seems a little more progressive towards Americanization efforts, maybe because their largest shareholder and financial backer is an American company and they have Acreage Holdings US MSO all lined up with a deal inked and secured with a cash payment of $38 million to join and expand their business through the Acreage multi State Operator that has a lot of bricks and mortar, grows and storefronts to bring the Canopy line of skus to the US marketplace as a brand new spoke and hub operation that will be renamed Canopy USA.
Tilray is positioning themselves with recent purchases of beer and alcohol companies on US soil which seems to be a profitable route while the US comes up with some legislation that triggers them going full bore.
The Canadian LPs are formidable and also aware of US protectionism.
I want to believe that our shareprices have bottomed out and investors will see value at these prices.
200 bagger days are probably behind us but the recent uptick in Tilray could lead to the old highs of TLRY at $300 a share when they pulled off the short squeeze, back in the roaring pot days. That works out to a hundred bagger which I will take any day.
I have had my eye on Tilray for quite awhile but find myself heavily invested in Canopy and Acreage because I think that STZ management is going to pull off the Americanization deal to bring the best of Canopy and Acreage to legal US markets.
Federal legalization and InterState commerce might be too much to ask for but the US is already moving towards this one State at a time, so it will happen but maybe without the "rush".
Both Tilray and Canopy have their eyes on the prize which they have determined is going to be cannabinoid infused beverages that they believe will take a big bite out of soft alcohol beverage skusl in favour of healthier buzzy or ailment beneficial options that have zero alcohol and the 100 plus calories that alcohol laden rtds pack.
Consumers are looking for less calories and most consumers after the 60's generation are familiar with and accepting of THC consumption while others are finding out what good news CBD infused skus bring.
Fingers crossed that the LPs are as formidable as I believe they are and that the US politicians do some amazing political legislation to swing the door open to all of the States with some Federal legalization for potpreneurs, complete with all of the business tools that every other business in the US has available.
glta and dyodd