Glad to see some familiar folks still keeping the faith.

I'm still leaning to the US side hoping this administration will finally change the landscape to legitimacy. Big payoff on the horizon... Lol.

Hope everyone is well and prosperous.

Even if it isn't true sex is still better stoned and that definitely doesn't hurt our investment... :)

Obviously any thing to do with travel is going be hurt for the next 6-12 months or possibly longer. Anything that can be done at home safely is going to benefit during that time frame. I don't think it will be long before legal weed gets a bump up from covid-19 and black market products seriously suffer. That is the logical effect given the situation.

The US economy is in pretty good shape with interest rates headed lower so I don't think disposable income is going to take a major hit unless we see a big uptick in layoffs which so far has not been predicted but certainly possible.

Valuations have been high but the revenue growth trend overall has been viewed as positive. Most in the sector are still projecting a less then positive earnings projections.

I still see enthusiasm for the sector being the short term driver of increases in share prices. That pretty much has been the story for the last few years. Combined with frequent big swings both up and down with these stocks I've chosen to hold my positions and add on a couple that I think will benefit from cannabis 2.0. It's not a strategy that has been as successful as those who have timed the ups and downs fairly accurately but more a reflection of long term expectations. jmo

Haha... love it.

Congrats Stoner.

Time to perminantly give illegal weed the boot.

https://www.nbcnews.com/now/video/inside-the-illegal-marijuana-industry-growing-on-instagram-76980293972

Good post thanks.

Also on that link was:

https://www.thecannabisinvestor.ca/4-north-american-pot-stocks-with-new-buy-ratings-and-price-targets/

Which was interesting.

Could 2020 add four East Coast states to legalization?

Expected they would have done it by now if they were serious about doing it. Even something like the SAFE act which is low hanging fruit is being held up for some reason.

Doesn't make any sense but it will change in the not so distant future regardless.

A couple years ago John1311 thought Trump might make a move towards some degree of legalization to help him get re-elected. Given the lack of progress I don't think it's something he or his supporters are eager for.

I remember Trump saying he would do it if he was re-elected. If it doesn't happen before the election the Democrats will be a better bet for change imo.

A lot can happen between now and then but the pressure to make changes in that direction are going to keep building. Nice week regardless.

Agree. It's going to be an interesting year. The political environment isn't helping but it is what it is.

Hoping for a prosperous 2020.

Best of luck.

Believe very few expected tesla to have that kind of move given the 180 the present administration made on fossil fuels. Elon wasn't happy and who could blame him.

Was buying CGC in that range also, still admire your past calls much better than my own. Should have bailed on CGC when Bruce left. Even as a huge fan I didn't fully anticipate the impact that event would have on CGC or the sector as a whole. So only reduced my position. Expect Ontario retail, cannabis 2.0 and global expansion to be the drivers going forward. Betting more on US sector at this point.

Believe the sector is still in turmoil but heading higher from here. At least that's the bet I'm making.

From Fox news no less.... Thanks for the post hope all is well.

WSJ, Forbes, Bloomberg and Motley Fool now cover the sector because they realized it's worse for their reputations to continue to try and ignore or downplay it's legitimacy.

Whereas Brochstien has had enthusiasm for the sector from the start and as a result digs deeper when forming his opinions. Many of us have come to respect that.

Thanks for posting.

Been buying in the high 19's.

It's tested this range for weeks and can't seem to stay below it which to me suggests we're likely near a bottom.

Shorts have had a great run.

After Aphria and Cronos saw gains based on increases in revenues shorts could get squeezed should that trend continue.

Tough to build a convincing argument based on profitability while revenues are increasing significantly quarter over quarter. Even with the Canadian government being it's own worst enemy in overpowering the hold of the black market.

An interesting week ahead.

Hoping this signals the sector has turned the corner.

GLTA

Thanks for the post.

From the beginning it's been about the politics and that's even more true now. It's only a matter of time before it's legal in the US and the trend continues to build in that direction. GLTA

That's great man. Wishing you both all the best !!!

Good assessment.

Intentionally damaging the value of an asset in hopes that you can buy more at a lower price has unpredictable consequences that would ripple through all three companies, and likely wouldn't get approved.

Been buying Acreage & Curaleaf on pullbacks.

The US is a nut that will be cracking in the not too distant future.
My guess is if your not in when it happens chasing the SP's will get costly. jmo

In 25 yrs. of investing I have never seen a leader like Bruce. For me he is unquestionably authentic in his vision and beliefs which makes him a great spokesman and promoter for the whole industry.

He doesn't have to be associated with any one company to continue to do that. At least for the moment he still represents the face and voice of a global movement and can easily continue that through voicing his opinions via numerous public outlets. And no doubt he could get paid really well to do so.

He can still have a huge impact if he chooses that path. I hope we haven't heard the last from Bruce and his vision but won't be surprised if it doesn't happen immediately.

The time window is a big consideration for us and respect the decision.

Thank you for the kind words and wish you the very best of success with whatever path you take next.

I'm in my 5th year of retirement and appreciate your perspective. There are serious major gains yet to be made globally.

My only point is that leadership going forward is a bit of an unknown. Bruce is only one guy and his ideas and market strategy permeated management and the overall culture and philosophy. That didn't die when he left but can be seriously diminished if abandoned for any length of time.

Longs need to watch carefully for signs from management regarding the direction they will be taking going forward. So far we haven't heard a whole lot which leads to added uncertainty which IMO is not effective leadership.

Still I'm not running for the hills just yet.

Eliminating Bruce plays more like a clash of ego's than a sound business decision. Caution is the smart path.

Canopy is still king but the persistent desire of others to chip away at that lead grows daily and for them the change was a gift.

The question, "Does the collective leadership have what it takes to sustain Canopy in it's leadership position or something close to it still exist?" Is way more important than when can we expect our first positive quarterly results.

A review of the deal is a good idea. If you do review it you're opinion would be appreciated.

This was a response to a link posted by Fah. Link was provided. You need to take your argument to the folks who published the data.

I don't see a link on your data.

56% jump in Canadian sales in five months. Love the trend.

Thanks Fah.

They don't but if enough people call and complain they may.

Good days ahead.. and ironically a bit sweeter should the banks provide the tipping point after their 2008 impact.

Good chance "big banking" is a bit concerned they'll miss some opportunities if things don't change soon. A Win-Win.

Good read. Thanks

Most of us knew instantly canning Bruce was a bad decision.
Agree Acreage is the place to be and he does a great job laying it out.

Gotta hope the bad decision making is over.

Cheers.

Haven't sold anything.. except CannTrust.

Waiting to see where Bruce lands. Half expect it will be one of the other two US companies they were considering partnering with.

Cheers to Mr Murphy.

Won't argue there is overlap but I'm talking about the purely medical side of the business.

Whats the plan going forward? Deserves some public clarity given the chief strategist is no longer updating shareholders. JMO

Just making the point in hopes that someone at Canopy steps up to fill the spokesman void. I'm heavily invested in Canopy and Acreage and don't like losses anymore than the folks who eliminated Bruce.

They owe it to shareholders to spell out the specifics beyond that they didn't like the quarters results, again JMO.

National de-scheduling is the only thing that makes sense. Combined with States Rights it strikes a compromise.

Painful holding on until then but probably worth it for the overall benefit the sector and share prices.

They should have kept Bruce as spokesman. His enthusiasm, charisma and vision were a major driving force keeping the industry and Canopy moving forward. I hope future decisions are weighed more carefully. The momentum of Canopy can absorb some blunders but many like myself were investing in the vision especially on the medical side. Without reassurance and guidance as to the plan going forward for that side of the business I'm a bit concerned Canopy will become a predominately recreational brand.

BOA buy rating.

Wherever he lands cannabis investors will follow.