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Piper Jaffray raises CGC target to $60 from $40.....last time we had significant resistance was when they initiated coverage and we busted through. Between timely PR’s and piper’s coverage, Bruce and Lavery make a good 1-2 punch. https://thefly.com/permalinks/entry.php/id2853597/CGC-Canopy-Growth-price-target-raised-to--from--at-Piper-Jaffray
Canopy US partner Slang worldwide will begin trading on the 29th.
https://www.newcannabisventures.com/cannabis-brand-company-slang-worldwide-to-debut-on-the-cse-on-january-29/
Reminder of how canopy is connected
https://outline.com/XRKy82
Your technicals were turning negative. Many people bought and sold because it still had/has room to run according to their technicals and were shopping for calls there...Sorry this is the first time you’ve ever seen 3 ‘clonks’ lol. Good luck.
Oh and hypocrisy of NowWhat....never actually tells us now what - just tells us what already has happened. Thanks, we can already see the chart!
A triple clonk - just $3 or 5% apart from each other. Why not tell us how much $56 calls were going for at the first clonk and how much they were going for by the time of the third clonk? Oh, that wouldn’t fit the negative narrative of the chart, now would it?
*note this is not a personal attack but a plain as day observation of one sided technical analysis. When going up is portrayed as bad, and going down is obviously bad. Then I guess all is bad, bad, bad! Cheers
I’ll go with $80 mil estimate....but will need about 1/3 of that from the 11 retail stores. That’s my best guesstimate!
Haven’t been able to keep up with the board the past couple of days. Just curious how many clonks we have had? TIA
Going to wait and see APHA before making any predictions here haha. ACB lowering guidance didn’t tell me a lot because I don’t follow them much.
On STZ call, incoming CEO said canopy has about 30% of total Canadian market right now so far....
The ace in the hole as far as revenue are the 11 or so retail stores. Delta 9’s single store did $55k/avg per day the first 40 days of rec - over 2 million. So extrapolate that and it will give us a nice boost that our competitors don’t have
Canopy partners NEPT, SUnniva, ACNNF, CURR, medipharm labs all having big days
No friendly wager?!?
Here’s a few patents they have not sure if they qualify haha
https://www.storz-bickel.com/media/dl/sb/sb-patents.pdf
Thailand legalizes medical marijuana.
https://www.cnbc.com/2018/12/25/thailand-approves-medical-marijuana-in-new-years-gift.html
Nice find....
More tweed opening....liked this video, get a nice glimpse of how jive it is inside their branded stores
https://globalnews.ca/news/4787329/major-cannabis-retailer-enters-regina-market-independent-stores-forming-co-op/
You didn’t take me up on my wager?!?
Nice to see our partner Terascend be awarded 1 of 6 licenses in New Jersey. Definitely a buyout target when the time comes.
Cory Gardner to the rescue? He has about 4 posts just now in this thread
I introduced an amendment to the First Step Act today that would ensure each state has the right to determine for itself the best approach to marijuana within its borders.
— Cory Gardner (@SenCoryGardner) December 17, 2018
Good news
This is BIG for marijuana
— Tom Angell 🌳📰ⓥ (@tomangell) December 14, 2018
Trump’s new White House chief of staff, as a congressman, voted for & cosponsored:
* Barring DOJ from interfering with state legalization
* Cannabiz banking access
* Medical cannabis for veterans
* Rescheduling
* Hemp
MORE:https://t.co/6Ppjy6HtoS pic.twitter.com/6YmptjRe3d
I see what you are saying but a sign that says “future home of” isn’t going to pay the rent or bring in revenue for a rivers partner.
Well for example, canopy rivers has a retail partner with many leases already secured....now they are SOL. Paint it however but it wasn’t a positive development
Another issue with the “25 licenses” for Ontario.
Ed Sonshine, CEO Riocan RIET (Largest Canadian stripmall owner)
— Steven Feldman (@WallBayHoweSt) December 14, 2018
Signed 26 leases with pot stores, taken in $2m+ in Deposits - would be retailers starting paying rent
"I don't know what they are going to do" #OntarioCannabis
Lol, how about a friendly wager. Over 50 mil you never post here again. Under 50 mil I never post here again.
Lol GMP has price target of WEED $50 and $97 mil. Yahoo finance 3 analysts are $89-$93 mil. If you think we are only doing $40, you are out of your damn mind I would wager my life on it.
Would be thrilled if we can just beat analysts rejections of $89-$97 mil lol. Just give us like $115 mil so they can relax.
It’s bad optics, 6 months after legalization to have medium sized cities with no retail stores.
Also, part of the reason I stopped paying attention to this board. No such thing as bad news here.
This is for all of Ontario, there will be condensed areas with no store April 1 still.....especially with doing random lottery. It’s not like these 25 will be strategically located whatsoever.
Ontario to only open 25 stores for the whole province on April 1st. Decided by lottery. Ouch
https://www.greenmarketreport.com/hexo-reports-c5-2-million-for-just-two-weeks-of-adult-use-cannabis-sales/
Talks about their October 17 - Nov 28 retail store.
https://seekingalpha.com/pr/%3Clink%20rel=%22canonical%22%20href=%22https://seekingalpha.com/pr/17345744-revenue-increases-312-percent-previous-year-delta-9-releases-third-quarter-financial-results%22%20/%3E
Hexo did 5.2 million in rec sales in 14 days (90% of that in Quebec). Delta 9 did 2.35 million from one retail store in 42 days. What do you think canopy can bring in 75 days + 9 retail stores + the 23 mil or so from medical?
Wells Fargo comments on canopy & stz
https://www.benzinga.com/node/12839837
New Zealand legalizes Medical
https://m.sunlive.co.nz/news/195297-medicinal-cannabis-bill-passes-final-reading.html
Ahhhh gotcha, thanks!
I thought it was the same company that they bought the BC greenhouses from?
Globe & mail piece on canopy entering the US
https://outline.com/XRKy82