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Maybe something with Rob Sands stepping down plays a factor in the late news?
Lol Bruce the healer. Cannabis Jesus? :-p
Ya saw that and chocked it up two things: either their board feels the brand needs to remain pure from cannabis association (if I were them I would have run focus groups on that point) OR they for some reason waiting on a US incumbent to partner in.
Another reason might be that their core product isn’t affected by cannabis beverages. They aren’t an alcohol manufacturer which is more directly impacted by cannabis’ rise as alcoholic brands are.
They don’t NEED to pump billions into a sector that they don’t totally understand or are prepared to market for.
So just a matter of time before our eggs hatch and the profit platform kicks in
Don’t forget the R&D and product development. The nerds at Canopy are surely cooking up a storm of opioid replacements, recreational beverage platforms and cbd products.
Once the research starts returning results Canopy will be light years ahead with every competitor rushing to replicate the offering.
True true
Abso-efing-lutely. He’s no Terry Booth that’s for sure.
Hmmm, I think maybe he didn’t focusing on it but in the event that competitors start encroaching on market share or I’m thinking brands that resonate with consumers would be good targets.
I suppose we just have to wait and see.
When did he say that? No questioning it just legitimately curious. Seems like holding off on M&A in Canada is missing opportunities?
Mom always said I was special ??
It’s a classic.
Funny thing is they apparently can’t account for the genetic origin. Read a while ago that the gene can be extraterrestrial or angel DNA thank you Wiki. Haha
Wow us gingers are well represented on this board.
this is great. I was fearing more gap down and a lower bottom. Phew
Ya true. Gotta clean up my chats photos and insta haha
https://www.cbc.ca/news/canada/saskatchewan/estevan-cannabis-smoke-border-u-s-1.4883091
This bs again? Seriously. People being turned away from the border? I’m heading back to Florida and then the Caymans soon, I doubt they’d think twice about asking.
If they do I’ll just say no or that I used it for medical purposes. What’s the big deal? They can’t prove anything.
Come on baby. Make me some moneh heh
With the constellation deal closing imminently that’s likely. But we’re going to hit land rough at bottom. Hopefully canopy has some fanfare prepared for the rocket ride up. Now would be the time to scale positions. I’m going in with another $30k, need to average down from $50/share
I’m expecting more butt hurt today. $38-40 bottom
Bahahaha.
Shorts crushing all pot stocks! Oy gevalt
Easy there bud, you gonna be in. :-p :-p :-p retirement may have to wait a few months, so maybe 2019 when we rebound.
Might as well scoop as much as you can while the goings good.
Same here. Waiting for the right moment. Although I’m hearing 43 being the bottom yikes
Adopt me? Plz. :-p
Down only $25k here but it still hurts. That was my play money. Sold most of my shares on the way up luckily but yeah lots of people shaking right now.
Lots of my analyst friends think the bottom is near. $45-50 is the lowest then a rebound once the indexes start a rebound. It’s a perfect storm of tensions between China, European banks, post-legal and supply shortages.
I’ll dump more in when we get to $45 and average out on my loss on the way up. Who knows tho. Dark days rn
“Pot stock weakness could prompt next big deal, investor says”
https://www.bnnbloomberg.ca/pot-stock-weakness-could-prompt-next-big-deal-investor-says-1.1156629
Key point: “They’re not going to invest when the companies are trading at all-time highs.”
Yeah. You’re absolutely right. I’m not concerned for long term but the rate this is happening bothers me a bit.
Oh well. I’m just sitting back. When the cannabis gods decide to stop punishing us I’ll feel better. For now all they send is c*ck in ass.
Sarcasm? I can’t remember a $15-20 drop this quick, ever.
Yeah I said if this passed $50 I’d officially start to raise an eyebrow. Something is up. I expected post legal to be problematic but this is different and very very sudden
Markets are looking badddddd. Seeing $49 on the bird rn.
Vice posted about how some people are posting their newly received bud on a subreddit: https://www.vice.com/en_ca/article/9k777d/people-are-reviewing-their-legal-weed-on-this-subreddit
Here’s the direct link:
https://www.reddit.com/r/RecPics/
Thinking dropping another $10k. Waiting for the right moment. Waiting for feedback + insights before I do tho. It’s testing $48-52 but who knows
I am. Just looking up videos to lighten the mood....lol
Hearing WEED is testing at a $48 bottom. Hold on to your touques we in for a bumpy ride heh
Lolol
Yahhhhh. Some serious stuff happening. If we drop passes 55 gonna poop my pants
It’s not even worth a thought at this point, it’s political suicide for the cons especially once tax revenues start to show.
Besides the reasons why, the Libs likely have the next election on lock. Apparently parties that poll highest a year before elections tend to win most of the time.
I guess we will see tho
I’ve been reading stoners post for years even before I had registered and become and active member here. I’ve learned a LOT from him and the so called ihub millionaires
I’ve followed the same general approach as you. Most of my heavy position was sold (some I keep for long position) so I could realize gains. Have been buying low and selling high seeing $5-10k gains on every trough of the charts. everyone has their own strategy though.