Long
Is Cott entering the cannabis space?
I know that when Canopy entered the Cannabis space they used Goldman Sachs to broker the deal.
Goldman Sachs went bullish on Cott a few months ago, and why? Well, we know Goldman Sachs is supportive of cannabis via the previous brokered deal with Canopy, and they'd be privy to any Safe Banking & States Act regulations, so that may simply be the answer....
Cott has sold off several assets over the past couple years & have some cash to spend, and seeing so many previous Cott employees in the Cannabis space leads me to believe they may make a surprise entrance into the sector..
On a micro technical level it looks like Cott may have formed a double bottom, with the right bottom slightly lower & is trading in a bull flag.
On another note, It could be also be a descending triangle, and a double top with the right top being slightly higher, only time will tell.
The 200 Day MA isn't far away either, interesting.
Goldman Sachs went bullish on Cott a few months ago, and why? Well, we know Goldman Sachs is supportive of cannabis via the previous brokered deal with Canopy, and they'd be privy to any Safe Banking & States Act regulations, so that may simply be the answer....
Cott has sold off several assets over the past couple years & have some cash to spend, and seeing so many previous Cott employees in the Cannabis space leads me to believe they may make a surprise entrance into the sector..
On a micro technical level it looks like Cott may have formed a double bottom, with the right bottom slightly lower & is trading in a bull flag.
On another note, It could be also be a descending triangle, and a double top with the right top being slightly higher, only time will tell.
The 200 Day MA isn't far away either, interesting.
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