"Now with Democrats in control, advocates and lawmakers are preparing for a deluge in marijuana reform proposals that could see floor action and make their way to President Biden’s desk. That includes a bill to federally legalize cannabis and promote social equity that the House passed last year.
Already in 2021, two congressional marijuana bills have been filed: one to move cannabis from Schedule I to Schedule III of the Controlled Substances Act and another to prevent the U.S. Department of Veterans Affairs from denying veterans benefits solely because they use medical marijuana in compliance with state law." https://www.marijuanamoment.net/chuck-schumer-lists-marijuana-as-a-priority-in-first-post-election-cannabis-comments/
I said, in my opinion, a couple weeks ago, that I thought in order to reach $1.60, we'd have to have three things- announcements of the patent (which we all knew was coming), the Democrats being sworn in to give them control of Congress and the White House (bringing marijuana decriminalization, if not full legalization, to reality this year and driving up the sector), and a press release about starting third party testing in California.
Well, looks like we may hit $1.60 with sector and marijauna reform momentum. We'll see.. Now, Canadian pricing being over $1.60 and the warrants from the private placement being extended signal to me, in my opinion watching what happened 3 years ago, that they'll want to see this get to at least $2.20+ Canadian to let the warrant holders know it's time to really get back in the game. This will also help Cannabix increase their financial position greatly at a time they're moving ahead with 2 devices, supposedly.
But, I did feel with all their misleading statements of having a finished product in January 2018, and all their bogus timelines of these past 6+ years that they may need to show a working product in order to regain trust and the momentum of early 2018.
It appears, if this pattern continues, that a press release might help bring this close to all time highs. And, video and picture evidence of working devices in action would make this very very interesting from a price perspective.