I can count on one finger the number of times I’ve looked at a board of directors announcement and thought ‘wow’.
Recreational cannabis is legal in Canada, praise Jesus. But anyone who thought pre-rolls would be falling from the sky on day one is living in a fantasy world. Queues are long, stores are already running out of hot sellers, and online traffic is proving hot with looky-loos.
Was a couple of months back when I last told folks it was time to get out of the weed grow stocks. It wasn’t anything personal, I think there’s a lot of money to be made in the LP space, but just not from spring to the end of summer.
News Thursday announced two Canadian licensed producers have received their sales licenses from Health Canada, causing the publicly traded of the pair to double in share price.
It was back in November that Nick Brusatore, he of Affinor Growers (AFI.C), was battling me on Twitter, claiming his deal with THC Biomed (THC.C), where he would be providing vertical farming equipment to them, was going to make his company a big player.
A few weeks back, when any company with a green colour scheme in the lobby was experiencing massive valuations multiplied every few days, THC BioMed (THC.C) came out of the gates like a bucking bronco.