Wednesday, August 15, 2018 11:39:20 AM
Constellation brands invested another $4 billion dollars into Canopy Growth.
It will be interesting when the alcohol industry comes knocking on MRPHF's door...or big Pharma...or the tobacco industry...or the hotel industry...or a bigger cannabis company.
Is there any chance one of these industries will want to enter the Vegas cannabis market? Of course they will...they will be outbidding each other.
Do they have enough funding to fulfill MRPHF's buildout plans...of course they do...and then some.
Will the big players have any interest in owning the company with the most cannabis licenses in Nevada?.....of course they will.
Is MRPHF undervalued?....IMHO...of course they are.
It is my hope that MRPHF holds out a while...when the offers start rolling in. Just like the dot com era...the bidding frenzy to grab market share will create some lofty valuations...that's when MRPHF should sell. As the Vegas recreational market matures and consumption lounges become legal and common...the cannabis consumption market will keep growing.
Vegas will be the crown jewel of MRPHF.
GLTA
WATCH US GROW..MRPHF
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