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Just going to leave this here.
I’d bet money that the new CEO of $CGC $WEED is announced tomorrow as Mark is already terminated. 🤫 #PotStocks https://t.co/z2qIiLrFOW
— Betting Bruiser (@BettingBruiser) November 27, 2019
They have. If I'm not mistaken, they posted their earnings pre-market. Share price took a nose dive and shorts piled in. They then held the conference call the next morning to announce the $5 billion STZ investment.
I wouldn't be too sure about that ;)
I actually believe it is in Canopy/Acreage's best interest that the U.S. take about a year or two before they legalize.
Now that the vote has been approved acreage will be able to use Canopy's capital and guidance to grow, expand and dominate in the U.S. while everyone else struggles to keep the lights on, find financing and find capital.
Just like what happened in Canada when Constellations put a cash infusion into Canopy. They ran away with the lead. I believe the same thing will happen in the Unites States with Canopy backing Acreage. Then, eventually when the U.s. decides to legalize, Canopy will gobble up Acreage and we will be an absolute behemoth. Let the states take their time ;)
Absolutely. Hoping Bruce has a surprise announcement or two regarding North America as well.
Monday June 17th (10:00AM EST) - Voting deadline for canopy/acreage shareholders
Wednesday June 19th - Announcement of vote and merger results
Wednesday June 19th - Deadline for New York legalization as well. Important for the whole sector. Canopy/Acreage hold 4 retail and 1 cultivation license in New York.
Thursday June 20th after market - Canopy earnings
Friday June 21st - Canopy conference call (8:30AM EST)
Let me know if I missed anything.
A bit confused by this, because I could have sworn i've heard them say otherwise
Acreage's Kevin Murphy Believes New York May Move On Legalization Next Week
9 layoffs out of 3000 employees and you make it sound like the whole company is burning to the ground.
I've been contemplating but scared to make the move from Canopy to Acreage for the premium and arbitrage. I decided not to because in 2016 I promised myself i would never sell my CGC shares.
After seeing today's prices, I couldn't resist. Sold every single other stock I own and got in Acreage for 2100 shares.
I am literally ALL IN CGC(and Acreage) right now.
Count me in as well!
If you buy acreage tomorrow, would you still be eligible for the 2.55 per share when and if the vote passes? or was there a cutoff date?
I know only shareholders prior to May 14 are eligible to vote, I wonder if the same applies for the 2.55 per share premium?
The opportunity to accelerate Canopy Growth's access to the U.S. cannabis market has arrived.
https://www.canopygrowth.com/wp-content/uploads/2019/05/Canopy-Growth-Circular.pdf
You are right. Bruce invests. Maybe you should try doing the same?
If you want immediate returns, you can take your impatient self to the nearest casino and give that a shot.
"I wouldn't be surprised if the STATES ACT is enacted by June 30th" - Former Gov of Massachusetts and director of Acreage Bill Weld: Libertycon
No worries.
Mistakes happen. Thanks for clarifying
The fire took place in Laval, Quebec. Canopy's Vert Mirabel is in Mirabel, Quebec. Not in Laval.
Also, the company involved in the fire here is Serres Sylvain Cleroux.
Nothing to do with the companies Canopy partnered with - Les Serres Vert Cannabis Inc or Les Serres Stéphane Bertrand Inc.
Stop spreading FUD
Oh damn LOL!
Interesting. I've got some catching up to do haha
I've been lurking here for almost 2 years. I finally decided to make an account here after the reddit weedstocks forum became intolerable with the constant Canopy bashing and Aphria pumping over the past 6 months.
I agree, if anything, i feel like this whole split idea came with STZ's guidance seeing how they've done multiple splits themselves.
Ouch, murdered by words.
Go easy on him, he might have a family. :)
Statement from Ontario Cannabis stores
Website was just updated.
"The Ontario Cannabis Store welcomes today’s direction from the Ontario government to focus on launching our online retail store and begin establishing a wholesale distribution network to supply cannabis to legal private stores in Ontario once legislative requirements are put in place. The OCS has always prioritized being in an advanced state of readiness for cannabis legalization while remaining flexible to support government direction. We will be working hard on this revised retail model to provide safe, responsible access to cannabis for those 19 or older this fall. We have been working closely with our e-commerce partners, including Shopify Inc., to develop our online retail store — the site is complete and final testing is underway. The OCS will have more information to share soon, including details on supply agreements, on our approach to province-wide delivery and on other important milestones.”
https://ocscannabisupdates.com/statement-from-ocrc-president-patrick-ford/
FYI
Canopy Growth Earnings released
https://www.sedar.com/GetFile.do?lang=EN&docClass=7&issuerNo=00029461&issuerType=03&projectNo=02807223&docId=4370639
CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS
https://www.sedar.com/GetFile.do?lang=EN&docClass=5&issuerNo=00029461&issuerType=03&projectNo=02807220&docId=4370636
CAD would make more sense in my opinion since thats where most of the other players/competitors are listed
For those who can't listen to audio.
Bruce confirms Ontario will be private, the gov will run warehouses and canopy will ship their product to the warehouses and from there it will go to the retail locations.
He also adds, and i quote - "Canopy will own a serious amount of stores"
https://i.imgur.com/YFJgcHj.jpg
That's the best thing I've read all week. Thanks for the good laugh.
You might want to double check what you're linking. The information on that page seems to be severely outdated.
Oh wait, why would you do that? Right...that wouldn't help you push your agenda would it now? ;)
Try harder.
Ontario announcement is definitely a catalyst.
"Why would any user with a consistent supply from friends buy from Tweeds Hot Dog stand?" - awesomesound
The same reason why people buy Iphones, beats headphones or anything else for that matter. Just because you don't think you'll buy something, doesn't mean it won't sell.
Do you think budweiser makes the best beer? Does Mcdonald's make the best burgers? Why would anybody buy those products, right?
You call it a hot dog stand, I call it the best and most appealing branding in the whole sector.
Always, I've been averaging up. Added some more at close last Friday!
Same here. Nov 2017, got scared and took profits. Within an hour of selling, got even more scared and bought back in. Dark times indeed.
Never again.
I will continue being patient and keep doing what i've been doing for the past 2 years and hold.
We meet again friend. Didn't expect to run into you here as well.