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Saturday, December 09, 2017 2:09:16 PM
Could be a mutli week rally into the new year. Of course, Cali full-legal doors open Jan 1. State ranks amongst the top 10 largest global economies.
IN FACT: California's GDP ranks higher than France, India, Italy, Brazil, and CANADA.
This cannot be overlooked.
ALSO: there will be multiple ETF's/ITF's/MF's coming to market soon.
https://www.reuters.com/article/us-cannabis-investment-insight/high-tech-high-finance-and-high-times-for-u-s-pot-industry-idUSKBN1E01U1
I've been saying this for quite some time; i.e. once the VC guys show up, it will not matter how much "dilution" some say occurs here, because every last share will be swallowed in an instant. It is why Bruce has so many convertibles to begin with, to raise capital while still retaining control over the company. The fact that he can convert 10-1 means that he is capable of offering more and more shares to the like of VC's, or as a mechanism to attract a higher caliber executive, at the same time retain his controlling ownership. While some have blasted Bruce's use of converting K shares to common, to many other's (including myself) it is a very simple and effective strategy.
An acquisition is not out of the question, either, at this point. It's already begun with other groups in this sector. Don't be naive to think that the REAL assets Hemp has will not be attractive to someone else looking to enter the cannabis market. If a big-tobacco, or a big-lumber want's to protect or hedge - BOOM - easy acquisition. A mutli-million $$$ deal would be rice patties to those groups, along with many other big players.
Going to be an interesting 2018, without a doubt. If we haven't seen bottom yet, we aren't far. I've been systematically RE-loading down here. Easy money.
Let's get some Green in '18!
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