CGC -- Golden Property.
About 22 months ago we first dipped in and invested in a Canadian LP: Bedrocan.
It was a pure medical investment; an early stage into a new and evolving biopharma company.
It had a track record in that its European parent company from Holland had for over the previous decade serviced companies and governments in near a dozen countries with medical cannabis.
Yet, we were all told that cannabis was prohibited. Worldwide. End of story. Just say no. Or reefers would madden us.
Yet here was a grey area, with government blessing.
My wife and I had retired on a tight pension with a cosy mortgage-free home in a fashionable neighbourhood in the EU.
All looked rosy, but we felt, in our 60s, toooo young to wait to die … so we sold the house.
We bought two suitcases, (the best real estate we ever bought). We travelled, while studying investing.
Our first buys were on stable European markets, and we also bought into the most wonderful world of legal cannabis.
This was a dream come, karma fulfilled, after nearly a half century of battling to help free the Goddess Cannabis, now we could legally invest in the growing of the plant; thousands of the beauties, ten of thousands of goddesses.
Wow, what health and healing they would bring to humankind.
Wow, who would not invest in them?
But my wife was cautious; tempering my impulses to buy, buy, buy.
Over the next six months she proved right, as usual. Share prices dropped.
Bedrocan was bought by CGC, a silver-lining in dark clouds as the SP of the LPs continued down.
Why.
Everything, almost everything, comes down to politics.
In Canada the Harper conservative government was crippling the nascent cannabis companies. They were legally approved and regulated by Health Canada. But HC, along with the government, did not seem to move until court case after court case forced them into the real world where the majority of Canadians wanted legal medical and recreational cannabis.
So we lost money. Politics. We had to sell at a loss to survive. My wife and I were living okay, but frugal okay, no wasting, no flash, and happy.
Then we saw the unfolding of the greatest geopolitical play on earth, what investors daydream about.
We bought into Canadian LPs: CGC, OGI and MT.
We spent the bulk, every available cent, of the house money on shares in these LPs.
We bought in before Justin Trudeau sprang up in the opinion polls, and before his liberals wrested government from the conservatives.
Today that geopolitical play has given us a 349% return.
Now we can venture home again and buy a couple or three houses, however, my wife and I have decided to stay long in CGC, OGI, MT, but especially CGC, because the best is yet to come, it’s a no brainer, the med / rec market will be massive, the straights haven’t a clue how huge it will be: +$13B, man.
Early investors and management have built the basement, but this company is still only on the ground floor, and CGC will become a tower block, a skyscraper; money awaits ahead for every one who gets in.
CBDs, edibles and beverages are going to open whole new universes, mega markets in their own space.
In our humble opinion, the soundest legal licensed public companies, and that’s what we are investing in: legal companies, are: CGC on the TSX, and on the TSXV are: APH, OGI, MT.
We also have dipped into: ACB, SL, ATT, EMH, MJN…
And in Australia we dipped into: MMJ.AX.
These shares will go up, and down, and sideways, so you gotta do your own DD before buying any equity, and not act on these words, which are pure entertainment.
Sunnyways brighten the future for federally legal Canadian cannabis companies, so, we are staying long in CGC, buying in dips if we have any spare cash.
Sure, if we were ever to give up this investor’s lifestyle, (living in any wifi-friendly exotic spot we chose on the planet, from staying in an exciting European anarchists enclave to the balmy palm fringed beaches, apartments in exhilarating cities, or in tropical paradises, lapping up the beauties of nature, or life lived laid-back in five-star resorts) and if we were to go back home in a few future years sure then CGC shares should be able to buy us a couple or thirty houses.
So, ioho, CGC is golden property.
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