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BMO with the "upside target" of $60
"We note that our Base Case fiscal 2020 EBITDA estimate assumes that Canopy’s facility expansions are only at 65% of full ramp potential versus management’s expectation that the facilities will be close to 100% ramp by that time.
Knowing canopy, they will execute and they will be 100% ramp, IMO
And then he disappears until the next red moment
Good thing emerald has all of those supply deals locked down....I'm sure retail folk will simply "pick them"
Also in Oregon they have given out a bagillion licenses
Not sure if this was shared already
https://midasletter.com/2018/05/cgc-following-cronos-group-inc-playbook-on-inaugural-nyse-trade/
Like your call that it would hit $30 (Canadian) soon back on 5/18? Read your lips but haven't found those shares yet
So the run the past week when you were silent was not good for that shorting account, correct?
Trading commences in the pre-market. Cheers CGC
Over / under 6.5 million shares traded NYSE tomorrow?
"Tweed is in the process of tripling in size, up to nearly a million square feet. The company is also more than doubling its pay roll at the Tweed Farms facility."
http://www.wivb.com/news/local-news/canada-s-marijuana-legalization-is-wny-ready-1/1191106585
Canopy rivers goes public (spinoff or swallowed up like canopy health) - by July
Constellation option to increase stake - August 1
Germany license - unknown timeline
Ontario MOU agreement - Bruce stated Ontario may not have to - but sure would be nice
4th highest finish ever, for some perspective.
Around $30 US? Good call
$3 dollar day?
100% correct
"Why pay in August when you can pay April of 2020 and get the same outcome?"
Because you are supporting a partner. They don't grow weed at constellation. Do they want to be cut off???? There is more at play than a few shares here bub...
Question for you then: outside of making money on the investment, why did constellation invest in this partnership with canopy? Your take is basically that they only have a financial agreement and that all of the behind the scenes R&D does not matter.
Constellation did a $3 billion dollar share buyback. A couple hundred mil is no sweat off their back...
They too, are gearing up for edible market in 2019
"Constellation has not and will not"
Well, they have not because per the agreement they cannot until August.
Will not? Yah right
They have another exercise date in February 2019, and will do that as well. Constellation has too much cash and bought back stock. Investing in a partnership with canopy is beneficial for them and their shareholders long term value. A couple hundred mil is chump change to them
It's so that their partner canopy can raise $250 mil in capital.....
Constellation can buy more beginning August 1st. I have a feeling they do just, for $12/share. Just another headline of them increasing their stake in the worlds premier cannabis company
Key word *had
Screenshotting this cold take
When a stock moves to NYSE, does the iHub board get shut down? Haha
Looks like a nice dip on Tesla to add ?
Bruce on mad money tonight
Does $WEED have you seeing green? See what the CEO of this medical marijuana company has to say to @JimCramer about the company’s impressive growth over this year pic.twitter.com/cDjqLcbIv9
— Mad Money On CNBC (@MadMoneyOnCNBC) May 17, 2018
Haha exactly....sad about a 30 bagger I'm not sure that's any less greedy than a CEO...
When health was introduced In October of 2016 canopy growth was trading about about $4.75-5.50 per share without looking for exact date. Investing in canopy from then to now is roughly a 6-7 bagger (with potential for more if you sold $35-$40+)
I believe early CHI investors paid $1.50 a share and are now getting .37 canopy shares for each CHI. Essentially they get about an 8 bagger.
I get what you are saying but it seems like everyone makes money and now we have over 35 pending US patents
Interested to see once canopy health deal closes, won't all of the parents they have applied for be made public?
Also, any chance that when Bruce said Canopy Rivers going public by July, he means canopy growth will just buy them out (similar to the canopy health deal)? These seems more plausible now, in my opinion.
Haha I agree, however I do enjoy these CEO's competitiveness. I couldn't see Bruce tweeting about another companies PR - but then again he was on BNN trashing their move yesterday. Enjoying the smack talk.
Not just acquisitions....if your expenses are greater than your revenue - you run out of money. Expand and run operations
Cheers carp and all!
Yeah buying leaf or large LP is the last thing I would want them to do
Am a fan of the Auscann too and here is some good news https://www.sbs.com.au/news/bill-to-legalise-cannabis-hits-parliament