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Strategies & Market Trends : Golden Leaf GLH or GLDFf
GLDFF 0.0431-2.0%Nov 3 3:40 PM EST

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To: Natedog who wrote (1053)12/1/2016 5:57:23 PM
From: Rocket Red1 Recommendation

Recommended By
longz

   of 1211
 
FP says Canopy, rivals hear pot-watchers overexuberant

2016-12-01 09:31 ET - In the News
Shares issued 116,217,290
CGC Close 2016-11-30 C$ 11.80

Also In the News (C:ACB) Aurora Cannabis Inc
Also In the News (C:APH) Aphria Inc
Also In the News (C:CHV) Canada House Wellness Group Inc
Also In the News (C:MT) Mettrum Health Corp
Also In the News (C:OGI) Organigram Holdings Inc

The Financial Post reports in its Thursday, Dec. 1, edition that Canada's task force on legalizing pot concluded its highly anticipated report for the federal government Wednesday, but some marijuana producers believe pot-watchers need to chill expectations for legal recreational sales any time soon. The Post's Sunny Freeman writes that Privateer Holdings boss Brendan Kennedy says, "It's a long path to legalization." Privateer has a global portfolio of marijuana-focused investments. Speculation that the Task Force on Marijuana Legalization and Regulation report will kickstart a multibillion dollar legal recreational market is a major reason for a recent frenzy in pot stocks -- which has led to massive volatility in share prices of Canada's publicly traded licensed producers. Ottawa has committed to introducing legislation in the spring of 2017. Many analysts have suggested a legal market could be implemented as early as Jan. 1, 2018. Mr. Kennedy believes market exuberance is causing investors to run ahead on their bets. He says: Investors sort of have these expectations baked in that
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