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Re: Dbrown13 post# 717

Tuesday, 08/13/2019 3:56:29 PM

Tuesday, August 13, 2019 3:56:29 PM

Post# of 1380
I kind of followed in your footsteps. Owned WEED, secured a profit at $46 and dumped 50k into Acreage. Still hold a little WEED but left $30 worth of upside on the table off of its high. I'm a long term trader, not a daytrader and tend to buy and hold through ups and downs. Acreage was a genius move by Linton and Canopy Growth is in the driver's seat leading the pack imho and when the US Feds get off of their war on marijuana this is going to hit the nitro switch imo. Acreage has a good leverage component to it and maybe some arbitrage and the best picked the best imho to charge ahead as the world leader.
If Bruce Linton hooks up with another marijuana company, and I think he will, it will truly make the greenrush space a race.
Biggest catalyst right now is the FEDs doing the work that they need to do to get the biggest greenrush the world will see off to a legal start. Right now it is up to Constellation to move this forward and for sure having a US id on the company will be helpful with the politicians that need to lobby for marijuana businesses in the US. Constellation grabbed the reigns for $4 billion US and that investment is headed back with the deal for Acreage, when the laws change to allow. Don't discount Constellation because that was beyond genius. There will be more of those in the future with other biggie vices getting on board. Got to be proactive and show no fear. glta and dyodd