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How Cannabis "Merger Mania" Is Minting Millionaires
By Greg Miller, Director of Cannabis Investing Research, Money Morning
North America is slowly pushing toward full cannabis legalization. Canada's all the way there; 33 U.S. states and the District of Columbia have legalized; Mexico is on track to legalize before 2021...
... All of which means we are going to see more publicly traded cannabis firms than ever before.
In a market like this, it also means if one cannabis company is especially good at something, it's probably going to get acquired - or receive an acquisition offer.
We're still in the first inning of the cannabis ball game.
As the cannabis industry matures, it's going to look a lot like the beer market, with a few big players like Constellation Brands Inc. dominating the industry.
To grow, big cannabis companies will buy smaller companies. There will still be room for smaller players to operate, but we're going to see a lot of consolidation moving forward.
And to own these smaller players, smart executives working for the big guys are going to offer a lower premium from where the stock price is trading.
That means a company may only be willing to pay 5% or 6% more from where a stock is trading to make an acquisition.
For long-term shareholders, that lowballing approach is a good thing, as it's going to help create the nest egg that you deserve...
12.5 percent gain on Thursday for MYDX. Just wait until next week and see what the gains are!! IT'S COMING.
I wonder what the buy to sell ratio was yesterday.. LOL, IT'S COMING..
No 10K and the following is what we got yesterday. MYDX green with a close UP 12.5 percent. Highest volume since Feb 19., MYDX market cap now 10.5 MILLION, went up yesterday almost 1.2 million dollars alone. MYDX shareholders DON'T care when the 10K comes out, if fact never release it if we keep getting days like yesterday with no 10K. LOL,LOL,LOL Get ready IT'S COMING!!
OH MY, Another green close, up 12.5 percent today.. ONLY THE BEGINNING..
Good chance of hitting 30's today...
28's are up, OH MY, MISSING THE TRAIN!!
Could we be getting a PR before close??
Heaviest volume for MYDX since February, TICK TOCK..
I said it before, the MYDX train is leaving, get on board now or chase behind it. 27's on deck - do we see 30's today
26's are on deck. OH MY, will we hit the 30's today??
MYDX Jumped To #33 On.Breakout.Board.. EVEN.MORE.EXPOSURE
MYDX Jumped To #38 On.Breakout.Board.. EVEN.MORE.EXPOSURE
OFF TO THE RACES, ONLY 1 MIL left at 25
25's are starting to get taken out.
Agree 100 percent, MYDX shareholders don't care about the past, WE CARE ABOUT THE FUTURE. IT'S COMING!!
25's are up.. TICK TOCK..
MYDX 4 20 PARTY. SIGN UP NOW:
https://www.instagram.com/p/BwYOsx-n9qc/
WALDO has the mydx 10K.. He's wait for the MYDX 4 20 PARTY to release it.
BIG THINGS COMING. Great week coming up!!
WALDO has the MYDX 10K, lol
MYDX mixer post less than 12 hours old and almost 1100 likes. Someone is watching.. Great post..
MYDX long shareholders will wait however long it takes. Don't care about a couple days one way or the other. IT'S COMING, not selling a single share(240 million locked up)..
OH NO, What will mydx shareholders do?? LOL,LOL,LOL
New MYDX article from today: https://newsfinancialanalyst.com/cannabis-analyser-market-segments-and-key-trends-2018-2026/
MYDX will be the next APPLE!
Last year exact same circumstances, 10k came out on April 17th, not sure when on the 17th.
Mr.C team does not get paid unless they produce results. Very good incentives to get MYDX moving.
LOL
It just seems some cannot make up their minds about MYDX. LOL, TICK TOCK, IT'S COMING. Train is getting ready to leave the station, all passengers are already aboard.
GREEN,GREEN,GREEN CLOSE TODAY. hahahahaha
I wonder how trades today were BUYS. LOL..
OH MY, ANOTHER GREEN CLOSE FOR MYDX.
TICK TOCK, It's coming.
ECO SMART PEN announcement in 10K??
LOL, NO reverse split announcement.
Possible news after close today??
This could be the LAST time you see 25 asks!!
First time I have seen this: https://www.mydxlife.com/home/
Almost 13 MILLION ON THE BID - OH MY.