RE:There is just so much uninformed I do understand your thoughts. However, as is so often the case, it's all about perception, as my former boss used to say.
I think it is very much speculation.
How will the laws adapt/change in the future. Will there be rescheduling or descheduling and how long until legalization.
Due to the massive price loss over the last few years, it appears that from some people CGC is seen as similar to an "altcoin in the crypto business".
This is not about 50, 100 or 200% but about a multiple in the range of 50x - 100x or even more of ATL
I wrote some time ago why the price has changed so much in the last 2 years. April 2022 USD 80 (8) and said at the time that not so much had changed after all.
But I was completely wrong.
Everything changed with the takeover of Team Klein (was previously CFO at STZ for 15 years).
Debt reduction, resizing of Canada business, sale of non-cannabis business (it works, Biosteel) and promotion of US business, etc.
At the same time, new and innovative products were launched on the market.
Among other things, Biosteel was responsible for a double-digit million loss MONTHLY and had debts of CAD 400 million
The most important statements from DK in the last videos imho were.
It makes no sense to push sales if you are making a loss. Especially not if your capacity is far greater than the demand (hence customization in Canada).
The Canadian business is doing well, but the place to be is the USA.
And now to your MSO. Over 170 dispensaries is very good.
Over 44 states already have legalization in Med or Rec or both. Apparently 88% of the USA population is in favor of legalization.
From my perspective, that means there is speculation that marijuana could eventually be treated like alcohol or tobacco products.
The USA needs and wants this taxes.
Do you know that there are over 41,000 Liqour stores in the US!
And now to the main shareholder STZ of CGC.
They have been very successful in business for decades and know what branding, marketing and distribution means and pay dividends.
I'm not saying STZ will supply all > 41k stores, but imagine STZ simply adding 100 or 200 additional SKU's from CGC and CUSA to their distribution and supplying the stores in the same breath.
I know, it's all speculation. But if it does happen, CGC is probably really the "altcoin" in the cannabis market with a bull run for years.
If not, then not - we'll see.
In any case, it remains exciting.
DYODD & GLTA