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Re: borysek post# 8603

Thursday, 10/11/2018 12:07:23 AM

Thursday, October 11, 2018 12:07:23 AM

Post# of 11473
Yes I have pondered the same thing. At first I thought that the 17th will be a major top and lead to huge sell off in the whole sector.

But now I am of the opinion (and based on years of reading price tape action) that it is instead a huge launching pad for a huge competitive rush for market share of MJ in Canada.

Think about it... we have heard about hints of deals from Coca Cola and Altria recently. But imagine how many other companies are holding back from sinking their teeth into this biz (either as joint ventures or stand alone) until legalization gets rubber stamped on the 17th and onwards.

So my take is that the 17th is the beginning of an opening of the floodgates for the MJ business of Canada.

Will probably be seeing more and more rubber stamped deals on or after the 17th and just a generally more positive and open business environment that at some point will make the USA envious of how well the model is working in Canada.

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