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13 February 2020, 03:53 AM | #1531 |
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A few weeks ago on my way to Mammoth CA for a ski trip I saw this...
Basically a drive through dispensary. You could literally pop one of these up and furnish in less than a week. The problem is the selling license. Still an interesting concept for the big players in this space.
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13 February 2020, 11:48 PM | #1532 |
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Wow, I never would've thought a drive through dispensary would ever be a thing.
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28 February 2020, 02:52 PM | #1533 |
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Publicly-traded Cannabis Industry Companies
APHA stock-
How is everyone doing on this stock?! It seems like it’s quite low at the $3 range?? Are people buying more? Is it a good time to buy more? Sent from my iPhone using Tapatalk |
28 February 2020, 08:02 PM | #1534 | |
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Let alone a company that has horrible financials in an industry that is getting crushed.
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28 February 2020, 09:20 PM | #1535 |
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probably should....but I lost my balls after I bought a crap load of APHA at its all time high
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29 May 2020, 02:08 AM | #1536 |
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For those of you that are still holding your bags should’ve gotten a bit lighter in the last few days.
The sector seems to be, what’s the phrase I’m looking for.. Going up. |
29 May 2020, 08:46 AM | #1537 |
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I have been watching from the sidelines and it seems to be turning. Apha is moving from the NYSE to Nasdaq...might get away from the shorting vultures for a bit
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15 January 2021, 01:04 AM | #1538 |
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Bumping this thread.
Wondering how many of you guys held on. I did. And I’m still in the red. But it’s coming back strong. With Canopy I’m way up. The other three are steadily climbing. But a few months ago I bought Grow Generation. They sell the shovels to the gold miners. Meaning, they sell the equipment. Jim Cramer likened them to the Home Depot for growers. I bought in pretty big on this one. Up about 200%. Big hopes for this industry.
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15 January 2021, 01:25 AM | #1539 |
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Publicly-traded Cannabis Industry Companies
I’m heavy into planet 13. They’re continuously expanding and have been investing more into advertising
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15 January 2021, 01:44 AM | #1540 |
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I held Grow Generation through the end of the year, but took all the profit off in December. (+100%)
Only position with exposure now really is Constellation Brands vicariously. Loaded up in 2020 in the $160s. |
15 January 2021, 01:50 AM | #1541 |
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I got beat up and got out.
Good luck,guys! |
15 January 2021, 01:56 AM | #1542 | |
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15 January 2021, 04:16 AM | #1543 |
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I am also part of the bag holder gang for Apha and Hexo....steadily climbing but still in the red.
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15 January 2021, 05:26 AM | #1544 |
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Bag Holder Here Too... Underwater! Bag had hole in it immediately after I bought them.
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15 January 2021, 06:12 AM | #1545 |
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Longterm holder here and while still under water, it's at least moving in the right direction.
dP
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16 January 2021, 11:52 AM | #1546 |
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I still have a few held on way to long.
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16 January 2021, 10:46 PM | #1547 |
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HAHAHA, I bought both at their all time high in Jan 2018 and its been down ever since, but I have a feeling we can start to plan our exit strategy....especially with that impending merger of Aphria and Tilray...finally
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16 January 2021, 11:28 PM | #1548 |
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Isn't having a physical building...filled with marijuana, displays, cases, electricity, employees, overhead always going to be much more expensive than the guy on the corner - who only has the marijuana - and doesn't have any of that stuff to deal with ?
And...here in Seattle there's just too many dispensaries. Lots of them opened up shop immediately after it was legal. No way they are all running a profit. It's just stunning to see sooo many shops in the same industry. Some have folded. |
16 January 2021, 11:40 PM | #1549 |
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I've been holding a small position in HMMJ for a while too and it's been nice seeing this go up a little. I only put in what I could afford to lose and had planned to hold and see what happens.
If it continues to climb and passes my average share price I'll consider selling off though, but we shall see. |
19 January 2021, 10:40 PM | #1550 | |
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20 January 2021, 12:05 PM | #1551 |
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GREEN!
I'm not green yet...
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20 January 2021, 01:10 PM | #1552 |
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21 January 2021, 02:51 PM | #1553 |
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Almost green too and glad to see some familiar faces here held too
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21 January 2021, 02:55 PM | #1554 |
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26 January 2021, 08:16 AM | #1555 |
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Cannabix Technologies Inc. (BLOZF)
Cannabix is developing Marijuana Breathalyzer devices to give law enforcement and employers a tool to enhance public safety AND If they can do it... This could be a Home Run!
I've dipped my toes in here but I have not jumped in. She Moved Some Today! 1.2752 +0.0987 (+8.39%) https://finance.yahoo.com/quote/BLOZF?p=BLOZF https://finance.yahoo.com/news/canna...134500494.html
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26 January 2021, 09:02 AM | #1556 | |
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23 February 2021, 11:22 AM | #1557 |
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I have been pretty pessimistic on the hype that took over this industry a couple of years ago (looking at your mr pump and dump mccorlis) and cautioned anyone who would listen that Canadian cannabis companies were not where you wanted to put your money (e.g., recommended SMG!) but this is a big deal:
https://www.nj.com/marijuana/2021/02...year-saga.html NJ means NY, which means CT and soon the entire northeast. If I had to bet, I think we probably see descheduling cannabis at the federal level in the next two years (maybe 4 max), which means cannabis companies can actually have access to banking and more favorable tax treatment. So all good for the industry as a whole. Question is who will benefit from all of this and is it already priced in? That is a lot fuzzier. Initially, the states will award licenses and various other permits with "equity" considerations, but overtime the market will take over. Good operators will flourish and bad ones will be washed away. Still think SMG is a safe bet as they are selling basically everything you need to grow without actually touching the plant. And more importantly -- their core business is kicking covid ass. As long as people are more inclined to stay home, they will garden and others will smoke more weed. All good for SMG. Pure play companies are much harder to handicap -- a lot of the Canadian players are highly levered and have massive equity overhangs. As they say, stay frosty and keep an eye out for opportunities, but you do really need to dig into the financials and public filings to truly understand what you are buying. But the future of this industry is finally looking brighter. |
1 July 2021, 09:53 PM | #1558 | |
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This sector is not buy and hold forever as it is always changing, and if you are not following it very closely (daily), then you have no right complaining. The sector is very volatile (obviously!) and is constantly evolving…and not always in good ways, so you must be nimble. If you did not make money (harvest any profits) when APHA/TLRY rallied 800% in less than a month, then you have no one to blame but yourself. |
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1 July 2021, 10:02 PM | #1559 |
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Have you looked at GRWG lately......Holy Shit I got out too early!
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1 July 2021, 11:03 PM | #1560 | |
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Down on the rest of my cannabis stocks. Still holding though. I genuinely believe the industry will only go up. And I didn’t buy very much anyway. I’m not a pump and dump kind of guy. I don’t hate on it either though. I’m just not a pro trader. And I think even though the US might be a better market to make money fast, I just don’t see how these established companies won’t continue to develop along with the industry. Or be purchased. That’s my story and I’m sticking to it.
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