Filter THIS! Tweed.

Today”s one thing is… Tweed.

[This space left intentionally blank.]

Recognize that? It”s one of my favorite quotes. It”s not from a novel. It barely qualifies as a pamphlet. It is from the prospectus to an IPO (initial public offering).  It is legally required to be on all blank pages, preventing an unaffiliated person from adding something that hasn”t been vetted.

Tweed is not an IPO, but for my purposes it may as well be. There will be absolutely no trading history for this entity (the reversed shell is wholly unrelated). The valuation might have a floor based on recent corporate results, or on future results if/when Canada increases access. More likely, Tweed will trade based on perceived direction of its share price.

Like so many of my favorite quotes, “this space left intentionally blank” has so many different meanings. On its face, it is intended to prevent abuse. But it cannot prevent human nature from filling the void with its own creative and wishful thinking.

Tweed will trade on that. Which is normal, as that is how trading works. That”s how it worked for the marijuana sector. Now the blank space”s wishful thinking will be replaced with facts, perhaps still a little nebulous, but closer to earth. And removing that unknown will allow the rest of the sector to work again, too.

Filter THIS! …is a pre-open missive that tells you one thing, the most important thing, if you had to filter your view of today”s marijuana stocks price action through just one thing — okay, sometimes two — what would that one thing be?