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Today The Senate ( unelected, political appointees) vote to approve or not bill c-45 as amended by the senate committee. I assume they will approve their own amendments. The bill then goes back to the house of commons, (no fixed timeline, perhaps the following week or more) to be reviewed ( amendment by amendment by democratically elected members of parliament, and then voted on. Any changes at this stage would then send the bill back to the Senate (Ping Pong Politics , Delay). i d like to see the bill with the current amendments approved in the house, including the archaic "no Swagg" clause, because essentially it would mean a kind of win/win, the bill passes and we can hash it out in parliament later. There are no quick fixes at this stage, because essentially, it is the writing of the law. crossed t's and dotted i's are important.
SENATE PROCEEDINGS
Final Vote Expected on Cannabis Bill (audio only)
http://www.cpac.ca/en/senate-portal/
Live @ 1400 hrs EST
Correct;elementary my dear sailor. your perspective is one with grit and merit. The "fizzle" is compared to the market attention and expectations leading up to the senate vote. and afterwards. But... the House vote on the other hand, once the bill is approved, royal ascension, To Da Moon! My wife keeps on mentioning the GWP POP! Id rather some steady SP movements today, than any wild swings leading up to ascension. Afterwards, its a different world.
* Note: The first orders for rec should start showing up in q2/q3 FY 2019.The bulk orders to fill the provincial shelves that are ready and the online sale to provinces that are ready. So that quarterly report in November should be quite interesting. A look back at the price history in past few Novembers look something like 3.60-13.60-30.60(not exact)...(November 2019, post legalization?)
Ive heard alot of criticism on here about cheer-leading this Corporation. Full Disclosure, I own a few Shares in Canopy and for many , many reasons, Im very glad, and proud to do so. Ive seen some names here over 4 years! Folks that have put in HUNDREDS of hours of Due Diligence research and posting to this board. Not to Cheer-lead, but to super slooth, and sniff out the real deal opportunities here. This a tipping point in history, and neither the industry nor the Corporation need our cheerleading. Prohibition is Going TIMBERRRRR!
Folks can go ahead and review the merit of the ihub news feeds here. The debates and reviews. the information thats being published in Institutional reports and on popular Cable TV broadcasts today, has been layed out here, thoroughly, for 4 YEARS. So the folks just showing up yesterday with a bag of coals to share, good luck. Ill consider the popular conservative institutional analysis of 1 full year of rec sales, maybe, when the time comes because i think the money movers will have a little more clout. And even Then...GLOBAL DE-REGULATION... just when you think its over, its just begun. the pundits are comparing Canada's estimated market for Cannabis to market caps, failing to acknowledge Canopy is NOT just a domestic corporation. What happens when more dominoes start to fall? G7,6,5,4,3,2,1, and Canopy is Represented Globally. Id like to hold 1K shares when that happens. So lets see what that will look like.
Scenario No. 2: A fizzle
https://www.fool.com/investing/2018/06/06/a-huge-vote-on-canadian-recreational-marijuana-sch.aspx
Hi, I was doing some Domestic work ( Laundry) , so my post was done in a bit of a distracted haste. Thanks for the reply. The article does a much better job of outlining the real possible scenario's come Thursday Close/Fridays Open. I prefer scenario # 1
Also replying to Mr Eagle, I agree that the steady developing landscape Globally will have a positive effect on the market and sp. what did fast money commentator say? $2-300billion Global market? Wow! That’s the first I’ve heard that number so prominently in the media. But I’m specifically referring to this week, this vote, and this momentum being anticlimactic; the most important vote being in the House of Commons to ultimately accept the bill as written with the list amendments, Royal ascension and To Da Moon afterwards. I think that is the vote that The conservative investor, the financial institutions are waiting for. Even those that have taken a position may be waiting for the final house vote to take a larger , more definitive position. I wouldn’t be surprised to see a pullback next week.
My opinion of the senate vote and Market sentiments in relation to Canopy Sp:
The vote in the senate on bill c:45 that is expected to culminate tomorrow June 7th is monumental. It is a historical first and a key event in a long political procedure. But I am of the opinion that the build up ( hype ) that the public listed cannabis market is experiencing , although a significant catalyst, will be anti climactic. The bill will be voted on, perhaps completed into the evening after market closed and then sent to the house for review of each amendment and vote in the following weeks. Can the momentum Canopy Sp is experiencing this week be sustained after the senate vote and into the boring period of the House of Commons review? My interest is that it does, but I’m not sure. Without a steady stream of headlines from the political process, will the momentum continue?
Kush? Kush, is that you? Buddy, are you ok? Your just no your usual self and it’s ... kinda weird. If you need someone to talk to, were here for you buddy. Go CGC, remember? It’s us Buddy! To da Moon! It’s the grow! Remember Buddy? Go CGC
9.4 mil shares/ 122mil cash on hand heading into uncharted territories with unparalleled management and partnerships? What value are shareholders getting for those shares? ~ 200mil shares outstanding comparable to industry peers? I think we’re doing ok. IMO
Smh... if their being petty now... gonna be a long 6 days
Senate defeats Conservative bid to impose blanket ban on home grown marijuana
The Canadian PressThe Canadian Press
May 31, 2018 5:04 PM EDT
Last Updated May 31, 2018 5:04 PM EDT
Filed under:
PMN Canada
http://nationalpost.com/pmn/news-pmn/canada-news-pmn/senate-defeats-conservative-bid-to-impose-blanket-ban-on-home-grown-marijuana
The volume metrics seem to suggest there is some sort of momentum trading happening. What will 20 million shares on NYSE do to the sp with a more than favorable turnout?
Check 139.2. I included the wrong section in the original post. I’ve edited it. Thanks. I see your point. Thanks
Agreed, but I’ll take the moratorium with Legalization any day. I think once the legislation passes, the fire storm from the other side will begin. They are going to dig up, collect and spin every facet of data and survey to throw feces at the Liberals for the change. Prepare for it. The moratorium on marketing will be in line with tobacco, so fair game. We will have to ease into any other major changes only after we ease out of the taboo.
This is the portion of the Senate Report I believe takes away the possibility of a delay, unless I’m interpreting it wrong...
23. New clauses 139.1 and 139.2, page 87: Add the following after line 31:
****(edited)139.2 (1) No proposed regulation that has been laid pursuant to section 139.1 need again be laid under that section, whether or not it has been altered.
(2) If a proposed regulation that has been laid pursuant to subsection 139.1(1) is made without including an alteration recommended by a committee of either House of Parliament respecting that proposed regulation, the Minister must cause a report explaining why the alteration was not made to be laid before each House of Parliament.
(3) A regulation may be made under subsection 139(1) without it being laid before either House of Parliament if the Minister is of the opinion that the changes made by the regulation to an existing regulation are so immaterial or insubstantial that section 139.1 should not be applicable in the circumstances.
(4) A regulation made under subsection 139(1) may be made without it being laid before either House of Parliament if the Minister is of the opinion that the making of the regulation is so urgent that section 139.1 should not be applicable in the circumstances.
(5) If the Minister forms the opinion described in subsection (3) or (4), he or she must cause a report that includes the reasons why he or she formed that opinion to be laid before each House of Parliament.
Thought folks would be at least a bit interested in the latest report from the senate Standing Committee today. Oh well. Anyway, I’m a little more optimistic that the bill will pass without delays. All the “amendments” in this report are minor and there’s even a clause that minor amendments not be the cause of a delay in adopting the new regulations. There are many well meaning recommendations that give the legalization plenty of room to grow. A 10 year moratorium on branding expansion is manageable, heck we’ve got “plain packaging.” Anyways, what I’m reading from this, is it might be time for me to start picking out a new pair of dancing shoes cause I’m a little more confident.
REPORT OF THE COMMITTEE
Wednesday, May 30, 2018
The Standing Senate Committee on Social Affairs, Science and Technology has the honour to present its
TWENTY-FIFTH REPORT
https://sencanada.ca/en/committees/report/58666/42-1
Hey, that sly fox Bruce , in the Midas interview, he was late and was asked if he must be busy. He said, (paraphrasing) “ya, well, you know, we just had our Global operations meeting yesterday, and , ya, well, you know, that went well”!
If I’ve learned one thing since he’s been CEO is to listen to the words that are coming out of his mouth, Conference Calls especially. He doesn’t spill the beans, but he will hint hint, nudge nudge the whole way.
Great perspective. 600 applications, 2 licenses granted:mote and management. Seed to sale cultivation in 300k sq ft of grow space, flower or resin, that dealers license and ip is going to be put to use right away. Local economic driver... not enough time in the day. How the heck does Canopy do it
https://vimeo.com/259829336
Highlands Pharma
COMPANY OVERVIEW
Highlands was founded by South African entrepreneurs Jody Aufrichtig and Nick Ferguson and falls under the Daddy’s World portfolio; A unique and successful group of brands focusing on lifestyle, leisure and services including some of the most creative, exciting and popular destinations and businesses in Cape Town.
The team at Daddy’s World have diverse experience in conducting business in Africa. Their phenomenal track record and creative business approach has resulted in the upliftment of many local communities. Daddy World’s portfolio includes some of the most innovative, and trendy businesses in Cape Town including The River Club, The Old Biscuit Mill, The Woodstock Exchange and Daddys Deals to name a few.
https://highlandspharma.com/
I’m looking for information on assets.
. Canopy Growth Corporation announces entry into the African market with acquisition of Daddy Cann Lesotho
SMITHS FALLS, ON, May 30, 2018 /CNW/ - Canopy Growth Corporation (TSX: ) (NYSE: ) ("Canopy Growth" or the "Company") is pleased to announce that the Company has acquired Daddy Cann Lesotho PTY Ltd., trading as Highlands ("Highlands").
Based in the Kingdom of Lesotho ("Lesotho"), Highlands holds a license to cultivate, manufacture, supply, hold, import, export and transport cannabis and its resin. Lesotho is a high altitude mountainous kingdom that boasts over 300 days of sunshine per year and was the first African nation to legalize medical cannabis in 2017. It has ideal humidity and growing conditions for greenhouse cultivation. Together with very low operating and resource costs, this places Canopy Growth in a position to produce large quantities of high quality medical cannabis at a low cost. Lesotho is also strategically positioned for the future medical cannabis economy of Southern Africa including the potential market of South Africa, with a population of over 55 million people, where medical cannabis laws are being developed.
"Lesotho is Canopy Growth's first step into Africa and we look forward to working with the strong local team at Highlands to establish production and distribution capabilities consistent with Canopy's global standard for high-quality, regulated medical cannabis products," said Mark Zekulin, President, Canopy Growth.
Combining the domestic and regional knowledge of Highlands with the global experience and expertise of Canopy Growth is the latest example of the Company establishing a meaningful local presence. With the objective of future local production to serve the regional market, these operations are part of Canopy Growth's commitment to the Lesotho economy including supporting job creation and lasting community engagement.
All key members of Highlands's management team will continue to lead the organization as part of the Canopy Growth family.
"We're excited to join the Canopy Growth family and bring together our strong entrepreneurial experience and local knowledge in the region with Canopy Growth's track record and quality standards in the global medical cannabis industry," said Jody Aufrichtig, Founder, Highlands. "Lesotho and Southern Africa have enormous potential and we look forward to building a responsible medical cannabis business across the region."
Under the terms of the agreement, the Company issued 666,362 common shares in the capital of the Company to the sole shareholder of Highlands on closing and, subject to meeting certain milestones, the Company will issue up to an additional 333,281 common shares to the sole shareholder of Highlands for a total of up to 999,643 common shares based on the 30 day volume weighted average price of $28.763 of Canopy Growth's common shares on the TSX as of May 11, 2018. The total value of the consideration payable by the Company under the terms of the agreement is approximately $28.8 million.
This marks the fifth continent of operations for Canopy Growth who has market presence in North and South America, Oceania, Europe, and now Africa.
Here's to Future Growth (in Southern Africa).
https://www.newswire.ca/news-releases/canopy-growth-corporation-announces-entry-into-the-african-market-with-acquisition-of-daddy-cann-lesotho-684037281.html
Canopy Growth Corporation announces entry into the African market with acquisition of Daddy Cann Lesotho
https://technical420.com/cannabis-article/canopy-growth-corporation-announces-entry-african-market-acquisition-daddy-cann
It’s almost magical what’s taking place. Canada taking a leading role in a social initiative that has Global effect . America not participating is a really good thing, allowing Canadians to take first mover advantage, if such a thing exists . Someone was mentioning Amazon as an example of growth industry and wild expectations. * Amazon: May 16, 1997 - $1.73. Wild, Wild, Wild Thoughts! I was just a wee lad back then. I have an acquaintance who was given $1000 to invest from his parents while he was in grade school, and he suggested this Company that made the computer that all the kids were using in class. Apple was trading at $0.97 Jun 19,1998. He said his parents didn’t think that was a very good idea. Oh well.
I definitely hope you’re right, and if you are I’ll be singing and dancing with you. Full steam ahead! But I tend to be a little Charlie Brown conservative in me expectations. I’m anticipating at least one amendment and therefore a delay. Just a guess.
I not sure what you mean. What I’m saying is that even if the senate votes to approve the legislation without amendments (which I think is unlikely) , there are still other political processes that need to take place before “legalization “ or first rec sale
A bit more than that. Senate vote, house vote on any potential amendments, royal ascension, first sale. Maybe August
Refreshing to read a lot of what has been hashed out on this board over the years in the BMO report. Affirmative. Lately there has been a little more “ noise” than DD, but with a little sifting through , the objective is achieved.
I Understood that. I’m interested in the efficiency of the corporation and its ability to control Market share. Not to long ago, 2014, just four short years ago, we *were dreaming of this. Estimates of the Medical and Recreational Market for 2022 in Canada alone are ~ 10b. Global developments aside. I think Canopy has the Management, Mote and Margins to continue to act effectively. Rivers is part of that Mote
Note: Both Vert and TerrAscend are in the Canopy Rivers Portfolio. There’s plenty to be read into from that alone. I’m looking out for the IPO.
Les Serres Stephane Bertrand (“Vert Mirabel JV”)
Les Serres Stephane Bertrand is a large-scale greenhouse operator located in Mirabel, Quebec, and the largest grower of pink tomatoes in the country, and in December 2017 entered into a JV agreement with Canopy Rivers and Canopy Growth. With guidance and assistance from Canopy Growth, an application for this site has been submitted to Health Canada, the entire greenhouse will be upgraded and retrofitted for cannabis production by Spring 2018.
Website: Les Serres Stephane Bertrand Inc.
-
TerrAscend Corp.
Founded in 2014, TerrAscend Corp. is a publicly traded Licensed Producer located in Mississauga, Ontario. The company cultivates high-quality cannabis in an indoor hydroponic facility, backed by a strategic investor boasting a strong background in the pharmaceutical space and an extensive portfolio of specialty pharma assets. Canopy Rivers acquired 12% of TerrAscend through a private block trade and concurrent subscription agreement announced in November 2017.
Website: TerrAscend Corp.
Soon, all the patents pending will become clearer.
“The appointment of Dr. Ware follows on the heels of Canopy Growth's announcement that it intends to acquire all outstanding shares in its affiliated cannabis research arm, Canopy Health Innovations Inc., including ownership in the recently established Oxford-based Beckley Canopy Therapeutics, a partnership with the renowned Beckley Foundation. Through strong research, drug development and clinical capabilities, along with a growing IP portfolio and top-tier management, Canopy is committed to a successful global medical cannabis industry.”
I think your asking this question without doing research because you’re not interested in the answer. You’ve asked this question on the board before and several members went to lengths, with and without debate, to present and compare factual information; all of which is publicly available. Just saying
Federal Legislation, publicly traded company, global exposure, shareholders confidence.
Recreational states are still having trouble with banking
... I guess
Double digits q over q, triple digits y over y. Yaaawn , right?
Post prohibition q over q growth rate and y over y?
Why are you only counting the product in the vault as asset value? And not considering any other factors? How many public corporations have a static asset to market cap value? If you think it’s over priced, there is definitely a point to be taken. Trade accordingly. Short
Hi Bob, how are you doing? Good to see your still here giving a great foiling perspective. I’m noticing the bamboozling going on in the media. One day I read an article that says the market is over estimated in size and value, and the same day an article that says there’s not nearly enough. That’s probably why there’s such heavy consolidation. Provinces want 3 year supply agreements, not first day pops. No one really knows what the future holds. If we can sell everything we have grown so far and will grow in fy2019, I’d say that’s a great problem to have. Rather than the other way around. AND I expect with edibles coming online in 12 months plus global market growth, that it will continue to be that way.
So what does it, are we over growing, or is there not nearly enough?
$200mm just in smiths falls. Consider all the other production locations, consider all the other assets? $1 per share is plenty from my perspective. No?
1 : 200 million in smith falls vault, and more in other vaults across the country, ready to go tomorrow. ( potentially will all be sold in fy19)
2: supplying 1000 pharmacies in Germany as of today! Cleverly dodges the question of how much production space is currently in Germany. Maybe the hiccups with regulation there have put some pause on things.
3: Key word : Disruptive.
CameraPerson... eek!?
I’m hoping the minor amendments ( that I’m assuming are “conservative” considerations ) are accepted by the house; who have already accepted the bill as is. So it should be a win win in a reasonable time frame.
Thanks
Hey you! Your the guy that broke the tsxv with all that 17! 17! To da moon talk. This got halted 2X that on the TSx and now your here with all his 67, 67 talk. What you tryna do? Break The NYSE too !? Lol.