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Regardless, rec trumps med. No evidence that it's any other way. Even Bruce is counting on this.
Real science is what U.S. conservatives invoke when they disregard global warming. MasterCard is priceless. The real play is rec. Big Pharm controls medical development and they aren't showing any interest. Everyone knows that a glass of red wine has medical benefits, but no law says it has to come with a prescription.
Yes, and I imagine that the smell of bud you get when you open a CGC container is quite satisfying. Getting to know what's available must be like having the choices of Dam Kring in Amsterdam delivered to your home. The thing is, this is really all about recreational. Has anything been measured about what has happened to medical in Colorado or Oregon? I doubt it is showing much growth. I'm okay with the Bedrocan model, but it's really just a transitional step. Let's face it, none of the medical models, dispensaries, LPs, whatever, bear any resemblance to the way traditional medicine is paid for or distributed. CGC is a rec play, pure and simple. If Canada doesn't gets its act together on legalization the stock will never take off. Don't wait for the U.S., it is light years behind on the legislative and policy front. What happens in other countries won't matter if Canada doesn't legalize.
Just keep in mind that shares are used in lieu of cash when they are considered to be overvalued in comparison to cash.
I think it's kinda bs to think that CGC is perfectly positioned to dominate the U.S. market. If rec were to happen in the lower 48, there's plenty of money, not to mention existing capacity in Colorado and elsewhere to eclipse what CGC has put together in Canada. As far as international expansion goes. Why would a snow-covered place like Canada have the ups on a place like Jamaica where ganja already grows freely??? Transporting major qualities of product is expensive compared to growing year-round in the sun. Who are we kidding?
Dude! Just give it up! What about Amazon; what about Facebook? Do you really think that CGC is supposed to act like GM, IBM or Volkswagen? This is a start-up that gets the idea that rec will change everything. Your other mj penny's are just that -pennies. Go home and save until you have real money and not just some newbie opinion.
I've been wondering why medical would stay relevant if rec gets approved. Maybe if insurance coverage is involved. Otherwise, it's kinda like wine. Everybody acknowledges that a glass or two a day is good for your health. You need to be a certain age to buy, but nobody needs a prescription to get it. What purpose would a clinc or dispensary serve if mj is legal?
Maybe I'm wrong, but I don't think management can just hand themselves a bunch of shares without taking it as an expense. In the case of options, to the extent that they are priced below the market when issued the difference is recorded as an expense. Generally, options are issued at the market price on the day of their award with the idea being they are an incentive for executives to raise the value so the recipient is then able to exercise their options and benefit from the difference between the price when issued and the new higher market price. If the share price falls, options are worthless. Yes, there is dilution. Still I don't think options are a free payday unless the share price subsequently rises –which benefits us all.
Dividends and share repurchases are for companies in mature industries who can't think of ways to get better returns by the creative deployment of capital. Fortunately, CGC just doesn't fit this profile. If they did, there would not be much opportunity for share price appreciation.
As I see it, lots of good news today:
1) Allard decision shows the judiciary is generally sympathetic to MJ reform.
2) The six-month time frame to get the legislative act together is half of the 12-month time frame we were speculating just yesterday.
3) Oils are coming out.
4) Medical is national in Australia
5) The "panic sell-off" was probably just shorts who've come in over the past couple of days, taking profits, repurchasing and averaging down their cost.
6) The price per share after the sell off is still at its highest since a temporary spike last November; otherwise would be a 52-week high.
7) Financials come out tomorrow.
GO TWEED!
Maybe it's just me, but it's hard to imagine CGC following broad market trends. It's a small thinly-traded company, a start-up. The investment thesis has nothing to do with the overall market. Anyone who would buy it for that reason is unlikely to even have CGC on their radar. Puzzling to see share price falling on market trends. JMHO.
I though the Seeking Alpha piece was thorough and well balanced. There's nothing wrong with writers getting compensated and they do disclose any holdings. There's a lot more reasons to invest in CGC in that report that all of the collective free comments I've read on this board over the past several months. If Seeking Alpha put this out as a pump piece, it's pretty obvious that it failed. Full disclosure, I'm long Tweed.
Here's the summary from today's Seeking Alpha report:
____________________________________________________
Summary
Legalization of MJ is on the way in Canada.
Canopy Growth Corp (TWMJF) is the number one Canadian grower of MJ.
Revenues and profits will skyrocket when legalization occurs.
Canopy controls up to 25 % of the Canadian MMJ market through its two brands.
_____________________________________________________
I'm shocked that a positive report from a very widely-read source like Seeking Alpha has done nothing to move volume or price up today. I guess we'll just have to wait for JT to do what his platform promised –legalize, regulate, restrict access and tax. Nothing else seems to matter.
This just in:http://seekingalpha.com/article/3790336-canopy-growth-corp-leads-the-way-towards-the-legalized-mj-market-in-canada In-depth report, should stimulate the market more than most news.
Only a fool or a troll thinks this business won't be regulated. Look at tobacco, booze, even cathouses in Nevada. They are all designed to make money for the government. Don't think for a minute that Colorado, Canada or any other place doesn't see this as an opportunity. Freedom's just another word for giving it all away and that ain't gonna happen.
Looks like CGC is driving down toward the $2.05 bought deal price set for early next month. Maybe a little bump in a couple of weeks with the quarterly financials due. If past quarters are any guide, I don't expect a huge bounce up. This is still a long road, unless legal is expedited. The upcoming United Nations summit on drug policy may make interesting news... We'll see. Staying long.
3 mil in volume 3x moving average. Looks like U.S. buyers are getting stoked too TWJMF was 4x moving average!
Looks like someone tested the resistance and got burned. GO LONGS!
I like to new higher trading volume that CGC has sustained since just before the election. Price keeps inning up too. Sees like this stock is finally getting real!
For all the talk about results, today's volume and price are both pitiful. I'm long. I'm a believer. But, I gotta wonder if the only people who are watching TWD are the few who are on this board. Was there really a financial release yesterday? You wouldn't know if from watching the stock.
A small share price bump on a fairly positive legal ruling. At the end of the day, this is still a play on Canada cleaning up its dispensaries at least and full legalization at best. In the meantime, the market will grow as more people seek treatment as a legal alternative to recreational use.
Maybe I'm confused too. I thought it was mentioned that there might be a court ruling today that could have a material effect on TWD. Instead, I'm just reading the same infantile, simplistic, boring, war between the losers blog posts. Is anything going on that matters or are we just passing time waiting for the next set of financial releases?
Does anyone have insight into Friday's volume? It was double the last 30 days' average.
Awesomesound: Your barely-literate, typo-laden, totally irrational posts from an alternate universe are unbearable. Please go away and stop irritating the sane folks on this board. Unless you are getting paid to be a troll, your sketchy comments only demonstrate that MJ does indeed do bad things to its users. You make a great example for those who would seek to keep a harmless plant classified as a narcotic with no redeeming value, medicinal or otherwise. Please don't help that cause! If I can figure out how to block your negativity, I will. Good bye.
Maybe I'm unclear on the accounting for capital investment, but wouldn't GAAP require construction in progress to be accounted for on the balance sheet and not the income statement? Perhaps the cash utilization is being tracked from both statements via the statement of changes in financial position. Usually, quarterly reporting focuses on the income statement, which would be unlikely to include construction costs. Maybe Canadian accounting is different. I just wonder about this every time someone brings it up. And no, I'm not a basher; I'm long.
Big volume today. Looks like there's a very solid floor under TWD at $2.00.