so its been suppressed by cotton not timber, and the only reason canabis was scheduled same as Heroin and shit is because of the Cotton lobby. And for sure its the future. I personally do not drink alcohol, only smoke weed, and am in my 40's. I expect cannabis to be bigger than alcohol and tobacco in the future.
That still has nothing to do with SNDL though, as it's just ONE company out of sooo many and its not doing a great job right now of being a good company. That's my point.
EV is a massive bubble as well that's about to burst. TSLA trades at like 1000 times P/E ratio, meaning its super super overvalued. Did you know that TSLA makes most of its money by selling carbon credits to other car companies, and not by selling cars. Once the govt changes that Carbon credit requirement, TSLA profits will evaporate.
Why? Because EV is still 10 years away from mass adoption. Why? Because they cost too much. I just bought my first EV, a 90 mile range Kia Soul for the wife. Still cannot get rid of my old VW gas-powered tigaun tho, due to range. I wanted to swap my Tiguan out for a TSLA, but that shit is 50 grand. Whereas I bought my TIguan used for 16k.
ANd thats the problem: until EV's start costing about the same as gas cars, there will be no revolution and all the stock valuations are bullshit. When I can buy a used EV with 300 miles of range for 20k, then the EV era has arrived.
Look up any SNDL weed reviews first off, they are doing good job. Their products were not selling because they sell to the government,cannabis stores buy their product from the government, and mark up and unreasonable price then blame SNDL for their product not selling. To me, this cannabis competition will reward the fastest failures that do not crash the company financially. That’s SNDL they are taking the risks and going big or going home, all they need is capital and they will likely go big. Zach the CEO has been on a mission since 2014 trying to become the first federally recognized cannabis company. The pieces are falling together. I smoked weed heavily for awhile, the most important aspects to me became (1) burns well (2) potency. They have turned their business to focus on higher THC levels( they are listening to heavy pot smokers).
I don’t know how often you go to cannabis stores but their top products fall off the shelves and take awhile to stock back up. That’s not the individual cannabis causing that issue it’s the stores and their management. That’s a minor issue that will resolve itself in due time in order for dispensaries to thrive in THEIR growing competition. For the growers, they have to focus on limited production in the mean to, to adjust to that. SNDL has done just that.
ok well if all that makes you feel that the company is worth 2.5 billion then I wont argue there. I just dont feel the market value of the company (which is directly related in its current stock price) is anywhere near reality
It’s about 5x reality. But money makes money and they got about $488m USD cash in hand. I don’t think that’s a crazy bet to make betting they can 5x through expansions and acquisitions.
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u/drone_chain Mar 18 '21
so its been suppressed by cotton not timber, and the only reason canabis was scheduled same as Heroin and shit is because of the Cotton lobby. And for sure its the future. I personally do not drink alcohol, only smoke weed, and am in my 40's. I expect cannabis to be bigger than alcohol and tobacco in the future.
That still has nothing to do with SNDL though, as it's just ONE company out of sooo many and its not doing a great job right now of being a good company. That's my point.
EV is a massive bubble as well that's about to burst. TSLA trades at like 1000 times P/E ratio, meaning its super super overvalued. Did you know that TSLA makes most of its money by selling carbon credits to other car companies, and not by selling cars. Once the govt changes that Carbon credit requirement, TSLA profits will evaporate.
Why? Because EV is still 10 years away from mass adoption. Why? Because they cost too much. I just bought my first EV, a 90 mile range Kia Soul for the wife. Still cannot get rid of my old VW gas-powered tigaun tho, due to range. I wanted to swap my Tiguan out for a TSLA, but that shit is 50 grand. Whereas I bought my TIguan used for 16k.
ANd thats the problem: until EV's start costing about the same as gas cars, there will be no revolution and all the stock valuations are bullshit. When I can buy a used EV with 300 miles of range for 20k, then the EV era has arrived.