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People seem blind to the fact cannabis is a commodity. A cash crop, like corn or soya beans. The only reason anyone ever got such a high price for it is because it was illegal. That is why I am holding Lowell. Branding is the key. Nobody owns shares in a corn farm but frito lay is recognized. The Mom and Pop growers that are still in operation will be those with a passion for the plant who grow excellent cannabis. There will always be a market for excellent flower and it will get a premium price. Once the industry is normalized it will be an ingredient in CPG products. These are early days and I see Lowell with a good chance to thrive if they play their cards right.
Forever. The world is finally figuring out why people will risk jail to get their medicine. My question is how long before it normalizes as a commodity?
So join the cannabis council with the big boys and say that to the people who are making the laws. It is nuts to sit out the planning process then complain when things are not written the way you want them. Now is the chance to steer the dialogue. Lawmakers have no knowledge about cannabis. Most of them only know the demon weed propaganda. Any cannabis advocate that sits on the sideline deserves to be shut out. This is what I mean about the OG crowd being too stubborn. There is a time to be an individual and there is a time to cooperate (even with the perceived competition)
It would be cool if you can convince the market to care in any way about sustainability. I wish the best of luck to your project. The only people who will make much money growing are the artisanal growers who are great gardeners that love the plant. Otherwise, it is a commodity that will be sold by the bushel or the ton. The world will be healthier when all is stabilized. You will need a good license or farm gate sales, is your organization a member of the cannabis council? They have a seat at the table with the govt. it is always good to speak to power. This is fascinating to watch unfold :)
That is as misguided as thinking a commodity should sell by the gram. Things will smooth out and the world will be better for it. Unless a producer makes stellar bud for aficionados they are like corn farmers. The only reason anyone paid premium prices is because it was illegal. It is a CPG ingredient like sugar cane and corn. Sequester your unique genetics and buy stock in companies that are in the next phase of the industry is the best way now to be in the weed business. But I have been telling you the same truth for several years. This is a better time to buy than it was even back then. Not canopy for me yet, until I see which way Constellation will manage their asset.
Lol! That is why I do not trade :) you are right, they do not expect it to be passed till September. Carry on but be careful ;)
If you are shorting you should cover borys. If they pass safe banking in the US this will fly. It is not about their earnings this time. If they make any progress on reforms the whole industry is going to have a big big boost. Canada was just the appetizer for what will happen when the US goes federally legal. There is a bill to de schedule now and safe+ is being discussed. Not a good time to be short cannabis imo
Good article. One of the few things I agree with you completely on Bonno
The USA better get its thumb out of its butt soon. The rest of the world is moving forward in a rational way eg, Switzerland legalizing hemp with up to 1% THC. While the US continues to work hard at losing its advantage and limiting itself on every level
https://www.forbes.com/sites/dariosabaghi/2022/07/27/switzerland-fully-legalizes-medical-cannabis-and-allows-export/?sh=55f81bf764b0
Because this is a Canadian company.
My take on it is, TAAT is legal across the country and their rollout will continue at a good clip. But the cannabis sector pops every time a bill is brought forward. Both the republicans and the democrats on board with this now and the election coming in November, what better way to spend the summer if you are a politician than to look like you are doing something. They can pass it before the break, or “consult” with constituents. When they pass the final laws before the election they will all be heros. Voter memory is so short they could not use it as a re election advantage if the did it sooner. I will ride the momentum there. I still hold a core of TAAT, it just is not as large as it was. The cannabis stocks will be more volatile than TAAT. Long term they will all do well. I thought we had momentum here after the last pressers but it seems to have gone quiet again. The difference this time is Schumer is on board. And Tinley and Columbia Cares are dirt cheap compared to where I bought (and sold) them last time. CCHW is being bought by Cresco Labs and I will get .55 of a Cresco share and part of the legislation will permit uplisting in to the US boards. That and institutions being able to buy them positions me well. I can buy Tinley here in Canada. They are building a global brand and I can get 9 Tinley shares for a TAAT.
Hey bottom, you must be having a blast right now! :)
I sold a bit here to position myself back in the cannabis sector. I will buy back what I sold and more after the pop.
Happy has been advocating for legacy growers all the way along. I have said buy stock and keep your old school grower. And tell them to buy stock in companies that are going to replace them. This is the chance for a smart legacy grower to not be left behind went the next phase of the industry rolls out. We are on the cusp of an industry breakout and the opportunity to buy stock in cannabis companies is soon going to be gone. Buy shares in good companies (not canopy at the moment) and enjoy the reward of all your hard work. Aleafia is .10 Tinley is .10 a share, Lowell Farms .30, khiron .115, Columbia Cares is a deal at 2.23. The legalization in Canada was the appetizer for what is coming when the US lifts restrictions. These are better companies now than they were 3 years ago but their prices have tanked because they are stranded here on the Canadian boards. Un touchable by any US institutions. This is the opportunity of a lifetime anyone can afford. I will ride the hype just like I did Canopy. Then will invest in the best companies when the dust settles and collect dividends when I am old :) this is getting really exciting! I was a hundred thousandaire with a measley 10,000 shares of tweed…. This next bump is going to be epic! Btw Aleafia has been just building a company that offers UNIFOR union members (GM,Ford&Chrysler+) their medicine in their benefits package. No lawsuits, no BS just good products at reasonable prices. You are welcome. I have handed you 5 years of DD because I like you all :) good luck lol! Enjoy the ride! You can trade these stocks too for free on wealthsimple in Canada so there is that opportunity too. I suck at trading but I enjoy tracking the evolution of the companies. I still think I may end up owning Constellation shares in the future if they survive the lawsuits
Good plan. Will you see this as a buy when safe banking is passed? Or would the MSOs be a better place?
And you know that people who have never had a product before will know exactly how to manage the effect they have never experienced lol! You are the same person who was outraged that the government restricted the amount of THC in each serving for this very reason. Fortunately the 5 mg was manageable for him it just made him a bit wobbly. The culprit is cannabis dear cannabis is the intoxicating agent. The amount you assume is reasonable “it takes 50mg before I feel anything” can be achieved by using more of the product. It is so funny to se you suddenly aware that people need to build tolerance. Glad to see you beginning to understand :)
I have said all along that cannabis is a commodity. There will always be a market for quality flower that can entertain the connoisseur. When the silly restrictions are lifted globally it will be grown in the most suitable climate and sold by the ton or the bushel to manufacturers that will process it and use it as an ingredient. I am glad to see things going as predicted and am positioning myself accordingly. Nice to see you catching up. Are you taking advantage of the immense opportunity here? I hope so, you have put a great deal of effort into reporting on the industry as it evolves.
Lol! I have been busy. Bought some Bakerstreet &Ginger just this week actually, my Dad tried the Mollo but it was too strong. Not good when an elder gets unsteady on their feet. He had fun tho :)
Good trade! I just do not have the talent for that :) glad it is going well for you tho
No BS Bonno, I am just telling things as I see them :)I know many people in the legacy market and some get it and some do not. You are very knowledgeable in your particular area of focus. You miss my points completely, I do not know if you are purposefully missing my point or so wed to your thesis that you can not understand what I am telling you :)
I know legacy growers that have gotten a licensed and are private companies that are facing the same challenges other LPs are and I know legacy growers who are selling excellent quality bud for $500 a pound where they used to be able to get thousands. That is what I mean about legacy not being loyal. They should still pay thousands should they not? Same grower? Same quality? Nope going to buy it cheaper elsewhere. Meanwhile….. any of those people… the guy with the LP, the guy who is traditional, the customer of both.. can all buy shares in the “competition” for pennies. That is the thing you and all the other legacy folks seem to be missing. I will keep reminding people as long as the opportunity is here, I think it will not be long before the door is closed. Somebody is going to be the Segrams of weed. Bootlegger who goes legit has the best chance at successs…Canopy is not a candidate for that kind of investment yet. When it its, Im not sure if the company will be Canopy or Constellation that is yet to be seen. there are companies that are selling cannabis here and abroad who’s shares are pennies today and they are better companies than they were 2 years ago. Just sayin’
Nice to see so many reps from Canopy there, Canopy, Wanna and Tokyo Smoke all on the speakers panel. Nice to know they are doing something behind the scenes. A refreshing change from the silence they offer investors.
Thank you for sharing. The instant the US changes policy we have a brand new ballgame. Get in now while they are cheap lol!
I would not touch Aurora, Canopy, Tilray, or most of the “big names” from before. There are a few companies that are building a business by partnering with legacy growers and making good products now the industry is finally getting going. The fact stores are finally open, people are finally getting access now we will see it grow to its potential. It has actually been pretty quick considering it was prohibited for 100 years the real market is just starting. This is a golden opportunity to get shares before institutions and hedge funds can access them it is really a neat situation I have never seen before. Cannabis is a commodity, like corn. Nobody buys shares in a corn farm. People make good money investing in frito lay.
You are so short sighted in your thinking here. You and most legacy guys. Some get it. Most are so wed to the way it is they are blind to what it is going to be. There is a whole world of people who are potential customers that as yet have no idea that cannabis is the wonder drug/ excellent entertainment they have always been looking for. You are so interested in the legacy market. Everyone in the legacy market already has a dealer. They will all happily steal from the guy who has put his heart and soul into the genetics but will buy from someone else if they can save a dollar. There is no loyalty in that realm you are so in love with. If there was, they would support each other, crowd fund to get their products to a wide audience and be loyal to those who supplied them all these years. That is not how it is playing out. You can not blame corporations who are organized for the lack of support from old customers. The legacy market still has a chance to get into the wider world but that requires inspections, testing, labelling and compliance on many levels. You just assume that if a product does not have 100mg it is “weak” that is where the blind spot is. Cannabis is just like liquor. In the future there will be very potent products and very mild products and they will have to be labeled and tested just like you would have to do if you put a family tomato sauce recipe on the market. Your kitchen would have to be inspected and the jars would have to have the proper labels. Your focus (and so many who could benefit here) is so narrow you can not see the forest for the trees. Pardon the pun. There are legacy producers that get it and they are the ones that are doing well. I just wish the legacy folks would support each other using the tools they have been handed. I hate to see those who made the industry miss out because they are bitter. The price of an old school pound would be enough to set somebody up for dividends for life. Of course, support your regular dealer! Pay them well because they have always provided you your product. AND… buy some shares in a TFSA of a company that is making products for the masses and are selling right now for a pitiful 7 cents a share. Anyone can afford that! The price of a timmies would buy you 33 shares! In a company that is giving this medicine to union workers as part of their benefits! All they have to do is look at the big picture. This is literally the opportunity of a lifetime. 2 things can be true at the same time. I want those who built the industry to benefit from it. I am amazed how hard the concept is for folks to grasp. Good luck all :)
Things are going to improve very quickly here :)
I like Allan, he has good insights. I think Canopy has a huge challenge ahead of it.
https://www.newcannabisventures.com/canopy-growth-finally-looks-better-to-us/
I know….. that is why I said it.
Thank you Borys :) You are sweet! I have met so many neat people here :) There is a company that is showing potential…. They are small and making good moves. They are behind the Divy brand. That is all I will say on this board.
Somebody has to….. if not me, then who? This is wonderful medicine, it is great entertainment. The businesses will not survive if nobody invests in them. They are corporations yes, but the legacy market is so rebellious by nature they do not work together and help each other so the best thing I can do is support the companies that are doing something. Btw. I do not own any Canopy at the moment, I am waiting to see what Constellation’s plans are for the company. I really get great value from the information you and Bonno and even Awesome post here. Thank you very much for sharing your opinion :) This is where the most current news is around the industry. Such fun!
I just got some very encouraging news at my local dispensary. They said all the Divy products sell very well. I went in the shop and there was a big Sunday Market banner on the wall it showed their brands nicely. They are building brand and not just wholesaling. Very positive events in my opinion. Backing up the truck (more like the mini van but I will take what I can get :) )
I look at things differently than you do Borys. I have different goals. I invest to make the world a better place. You are just trying to make money. There is a big difference. You probably do not have an understanding of what I am doing. Most do not. That is fine with me. Your insights are very appreciated tho. I like to hear different voices :)
Has this been posted yet?
You two are so off base it is laughable. But carry on…..
It was a little too much for my Dad the other day. He needs 2.5 till he builds more tolerance. Not good when an elder becomes unsteady on their feet.
Possibly. Constellation may be choking it to be able to take it over cheaper. Or maybe they are just the nortel of weed. We will see. They seem to be working in a way that either is possible. I am waiting to see which way this goes. So interesting to watch an industry bloom.
You are so wrong, Borys. I am sorry you do not understand the situation.
That is how I see it too. Thank you for your honesty. I see a couple of companies that may have a future earlier than the over all market. Outside North America, 1 isvery small but has potential because insurance is paying for the medicine. Other than that, I think you are bang on. Was it you that did the calculation of how many bushels of coffee are consumed world wise and used it to contextualize the real likely demand for cannabis? If it was you, thank you! It has informed my decision to focus on brands and companies rather than growers of the commodity. You saved me a great deal of money. Much appreciated :)
Yes you did. Your posts were very helpful for me to avoid many issues here. Much appreciated. Do you think there will be a benefit in possibly picking up shares in the mother company when they take it over? Often the share price drops on the purchase or are they just completely destroyed because they do not know what they are doing? It is hard to tell. I know they are focusing on beverages which is their wheelhouse but if they destroy their other offerings there will not be much left at all. Glad I did not hold
Actually it is looking pretty positive here after the news.
It seems the market likes the news…