Post by
geodcan on Aug 06, 2020 8:16pm
Acreage was listed
Nov 15, 2018. Did a lot in that time. Tantamount to what Canopy did! 7 years for companies on average to show profits after launch. That's with no coronavirus or a launch in a totally new field where they are making up the rules as they go. Everything they did isn't good but all done with a bigger picture in mind. Most overpaid for assets but that's the way it was. Corrections are taking place. Some of those assets are dumped and new ones acquired. Very restricted launches of allowed products over multi-states. Pharma use was the segway and adult rec is following and no blanket legislation to keep investors safe from antiquated laws that need reform. The bigger picture is still in mind. Companies are finding their own levels and they are more fundamental than the irrational exuberance in pricing that took place. I see tough times and attritions for small, underfunded companies and large, professionally run companies will win the day. Acreage caught Canopy's eye as wanted and needed as did Canopy with Constellation. Canopy had a vision, Constellation embraced it and made a huge investment in it to be a part of their solution for declining alcohol sales and Acreage got Canopy's interest because they have to be a part of the US marijuana scene to be a world leader. I like the story, not so much the ups and downs of the execution, although because of Canopy, I am playing with House money. If you don't share the vision and the future, you need a different investment. Golds are doing well lately but not all, mostly producers. PVG is worth a look! glta and dyodd