Post by
arblines on Nov 10, 2020 10:43am
US entry
What people fail to realize is no one has a US entry. It is federally illegal and until it gets removed as a schedule 1 substance all these companies grow facilities are second rate. Buying acreage, or anything else reminds me of when Canopy and Aurora burned billions buying dinosaur infrastructure prior to it going legal in Canada only to write off billions in assets. The best a company can hope for is to establish Brand awareness. Distribution is near impossible across most states, and once legal this landscape will change dramatically. One sign of a pen with Walgreens then a company like Aphria had the best distribution market in the country. 420 fest is a plus, 420 branded beer is a plus, Sweetwaters foot print is a plus. Patience is key, and when MMJ finally does go legal (fingers crossed in 2021) Aphria has the best infrastructure to execute and dominate the space. It is unfortunate that is stagnates the SP until December, but it is a good acquisition.
Comment by
arblines on Nov 10, 2020 11:22am
BC use to have lots of dispensaries as well. Things will change post legalization and imo Acreage isn't worth the price it will cost to acquire. A1 and DD produce product at 70cents US a gram. They will be allowed to ship someday and all it will take will be one agreement with a multistate distributor currently not in the space to equal the dispensaries.
Comment by
Homestretch4me on Nov 10, 2020 11:27am
So now you got yourself caught. You said, "imo Acreage isn't worth the price it will cost to acquire." Please if you know, which you don't, what is the price to aquire Acreage? You said its not worth it so you must know. Or maybe you are just full of sh!t and have no clue about anything. We'll all wait right here for your answer.
Comment by
arblines on Nov 10, 2020 11:28am
No one knows and know one will until the deal goes through.
Comment by
arblines on Nov 10, 2020 11:30am
https://www.newswire.ca/news-releases/canopy-growth-and-acreage-implement-amended-arrangement-834668061.html Dilution is a cost
Comment by
Homestretch4me on Nov 10, 2020 11:35am
Just like I thought, you have no clue. Just an id!ot posting with no knowledge or facts to back up your BS.
Comment by
ilvmyt5s on Nov 10, 2020 11:30am
Acerage what a joke..WEED is FORCED into buying them... they have no choice... What a bunch of idiots tied themselves to one company when Aphria still can buy global CPG companies for a huge discount now and guess what??? they make money! what a concept! lol Some Canadian financial CEOs have their head up their A S S es lol
Comment by
Homestretch4me on Nov 10, 2020 11:37am
Please make your font bigger. No one believes you yet
Comment by
ilvmyt5s on Nov 10, 2020 11:46am
Acerage now has to build a bottling line in California. Acreage has never produced a beverage. They picked the most Expensive State in the union to build a bottling line from scratch. Idiots
Comment by
IrishCanuck on Nov 10, 2020 11:23am
Bro you keep saying the same point so elaborate if you're so right. 1) Canopy does not have the licenses yet, so how does that help now? 2) Send me a link the federal infrastructure saying licenses will be needed in the future Each state will have their own system upon legalization, some won't need licenses. Please elaborate
Comment by
Homestretch4me on Nov 10, 2020 11:33am
Every single state that has legalized even though it's still illegal federally requires licenses for growing, harvesting, processing and selling. The licenses are a huge Revenue stream for the states and the federal government. You don't even make any sense.