Very bullish imo. I really feel Cgc stock is in purgatory right now. Ie the market cap is too high for a simply MMJ business model (i know many dont agree w me on this), but its also too low for a fully legal Rec market. Its going to take a skeptical market awhile to figure out what CGCs business model will look like in a fully rec market, but when it does CGC is going higher imo. We shall see
And ill tell you one reason why i feel the LPs are too expensive for a purely Mmj business model- when Mettrum reported their latest quarter i thought it was a very solid quarter, w very strong growth that beat my expectations. But yet the stock MT sold off strong after that report. Why? Probably because Mt spent a ton on marketing, which i think is the right thing to do, they HAVE to spend to position their brand for the much bigger Legal Rec market. Yet the market sold it off because its not sure what legal will look like exactly. But that will come , no worries.......
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