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5 January 2018, 03:29 AM | #301 |
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Lmao. Why do I get the feeling you don’t mean that?
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5 January 2018, 03:33 AM | #302 | |
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I sincerely do! I hope this works out for people that have put their money on the line. I have no interest as I have seen this type of hype buying before.
Plenty of other investments for me to build a long term plan on. Doing some research and I did not even realize that stock I already own is in this space. Quote:
This suits my investment risk tolerance far better in addition to a current 2.86% dividend yield.
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5 January 2018, 03:42 AM | #303 | ||
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Quote:
Quote:
a lot of people are just focusing on the flower or Canada... we passed those valuation metrics a while ago. Aurora announced today plans for a 1,000,000 sq ft production facility in denmark design/build by Larssen, whom they recently acquired, with product to be distributed across the Nordic EU by Pedanios, whom they also recently acquired. 'Nordic' suggesting they still have Germany coming. when people say 'medical' they aren't talking about the flower either. they're talking about harvesting the CBD or THC content and infusing it into topicals, gel caps, pain meds etc... opiods are on the way out, cannabinoids coming in hot. you cant take the Canadian population, multiply by weed smokers, minus out some black market stuff and come up with the market. instead you need to consider all of the markets and industries potentially disrupted by cannabis, hemp and all it's derivatives. edibles (food & beverage), medicinals (of all types), textiles (hemp) and all ancillary markets that service these industries... oh...and some people will probably still smoke the stuff too. some people probably tried to apply typical due diligence to google and amazon back 15 years ago and lost out on millions of dollars in gains on a $5k investment. those same people look at instagram and whatsapp buys as silly based on 'fundamentals'. new industries create their own fundamentals. daily active users for example. and the smart money projects revenue potential based on industry-specific metrics. *edit... even on a dip day it's nice when your tech and financial holdings prop you up a bit. over-weight weed... but never all-in :) |
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5 January 2018, 03:52 AM | #304 |
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5 January 2018, 04:25 AM | #305 | |
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Quote:
I saw the dips this morning and finally decided to pull the trigger and execute the buys of several of the companies you had mentioned. Thank you for your insights on this industry and now I'll simply sit back and enjoy the ride Sent from my SM-G955U using Tapatalk |
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5 January 2018, 05:30 AM | #306 | |
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Quote:
And thanks for the information M! |
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5 January 2018, 06:26 AM | #307 |
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Thanks for the Info Mcorliss, looks like a nice dip to buy more.
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5 January 2018, 08:00 AM | #308 |
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One more political post and this thread is going up in smoke.
Unlocked one last try. If you want to talk about the stocks go ahead. If you want to talk about government and take in political direction will close again and dole out points.
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SPEM SUCCESSUS ALIT Last edited by HL65; 5 January 2018 at 09:44 AM.. |
5 January 2018, 11:42 AM | #309 |
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Thank you! I don’t believe anyone intentionally meant to discuss politics so much as mention a major development that indirectly impacted the original thread topic, albeit in the wrong country. The thread was solely meant to be an open dialogue on a fast growth industry in Canada, but unfortunately today’s U.S. specific news bled into the conversation. Hopefully, things stay on topic going forward.
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5 January 2018, 11:46 AM | #310 |
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5 January 2018, 11:56 AM | #311 |
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Like I said before lets get back on track. This is too good a topic to get locked down.
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5 January 2018, 12:20 PM | #312 |
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Agree.
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5 January 2018, 01:35 PM | #313 |
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Nice dip today, picked up some HMMJ and APH
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5 January 2018, 03:38 PM | #314 |
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How many posts were deleted? There are a few I saw earlier I meant to reply to but was busy.
Do I need to become a pledge member to edit my own posts after a certain time period? |
5 January 2018, 03:46 PM | #315 |
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Virtually none if any of these pot companies are profitable and those that purport to be are using an agricultural accounting loophole that allows them to claim as profit unsold product held in inventory. This rule which is being looked at by regulators was originally intended to be used by agricultural companies and farmers with unharvested crops in the ground and existing market contracts for those crops. Most of these so called pot profits have been burned due to mold and storage issues. These companies are sitting on tons of unsold product with a short shelf life. These are penny stocks on steroids without any existing market other than medical sales to support the valuations currently being given them. Their cost of production is high and labor intensive. I believed before today there was better than a 50% chance Canada would not legalize for recreational use in July as is proposed. Now a 90% chance. Then again maybe I'm mistaken but Canada was on the threshold of legalization once before and backed off.
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5 January 2018, 05:56 PM | #316 | |
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The Carpetbagging Has Begun
Quote:
Now Everybody Can Become a Marijuana Millionaire! A $744.00 value for only $99.00. Subscribe today. https://moneymorning.com/acq/weed/le...14165&src=bing Students of American history will recall that very few individuals actually got rich from the California, Yukon and Comstock Lode gold/silver rushes. The ones that did were usually the store/saloon keepers, ladies of the night, tool/clothing manufacturers + the guy walking around selling 'maps' and pointing in various directions. That said. For those actively involved (and so inclined), hoping you all do well. |
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6 January 2018, 12:56 AM | #317 | |
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Quote:
For US exposure to this industry in a non-speculative way would be SMG, but that won't give you the wild price swings that the Canuck stocks are currently providing. |
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6 January 2018, 02:16 AM | #318 |
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6 January 2018, 02:33 AM | #319 |
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You’d have to change your wardrobe...
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6 January 2018, 02:40 AM | #320 |
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you havent seen my wardrobe i guess ;)
nice bounce today. IMH and HVST (laggard stocks) are up strong. They've been undervalued compared to peer set and actually still are. I have a few down the line that are even moreso. I cannot imagine for the life of me why HIP suddenly has a market cap as high as FIRE. Particularly with ACB saying they dont want HIP. |
6 January 2018, 02:56 AM | #321 | |
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Quote:
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6 January 2018, 03:11 AM | #322 |
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Only reasons i can think are hype-train with their very aggressive acquisition pace and that APH at the moment only has US exposure outside of Canada (likely why MJX doesnt hold them) where as ACB has very significant EU exposure.
I just took a small position in NINE - Delta 9. Very small production numbers but they have one of the only licenses in Manitoba to sell which means they will likely get priority for the supply agreement in the province, they have a supply deal with Canopy (will be acquired?) and they are trading just below thier recent PP of $23M last month at $2.70. Also, they have not run up AT ALL in the last few weeks when everything else mooned. |
6 January 2018, 03:22 AM | #323 |
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Interested in anybody's input with respect to peripheral companies to this industry. Especially waste management. Have been watching Micron Waste. Any thoughts on them or other companies providing the same product/services?
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6 January 2018, 09:04 AM | #324 | |
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Quote:
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6 January 2018, 09:13 AM | #325 |
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6 January 2018, 09:20 AM | #326 |
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6 January 2018, 10:10 AM | #327 |
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7 January 2018, 12:07 AM | #328 | |
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Have some Hydropothecary I keep popping in and out of, but looking for a few other plus $300mm/minus $1bln market cap companies with funded capacity coming online sooner than later, ideally ready for the rec launch. I’m a bit pickier because of the amount of money I’m staking on my cannabis investments. I tend to go in very heavy, make my money, scale a portion back, then buyback on significant dips or other relative valuation arb opportunities. Canopy, Aurora, Aphria have all worked very nicely, but feel Aphria has another leg up soon. Perhaps earnings on January 15th will be another catalyst, in addition to any acquisitions, given their new war chest. |
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7 January 2018, 09:04 AM | #329 |
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Cronos just did a PP at very good terms, no warrants, $8.75/share: http://www.newswire.ca/news-releases...667656993.html
to me that sets a decent floor. as for production capacity if they cant produce their own they'll just pull supply from other LP's until they can. many of them are working together at this point. for mid-caps look at VFF - Village Farms. hooked into EMH but they already had a $200M market cap from their vegetable business and are multi-national. They popped up quite a bit but are still very fairly priced considering their outlook and their existing revenue base. on the flip side, as a shout out to the nay sayers... there are a number of these stocks trading 100% on hype that are waaaaaaaaaaay over valued at this point. i look at HIP. huge market cap and nothing to support it. MGW is now in that category as well which is why i sold. when there is a pull-back these will be the companies that pop the hardest and may full a few others into over-correction. |
8 January 2018, 11:05 AM | #330 |
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Additional resources for those interested, these guys are doing some decent DD and some decent analysis all things considered, this article is a piece on IMH, who popped 30% on license news on friday. The stock is halted but has had the lowest price/book value of any late stage license applicant in recent months:
https://www.primedequities.ca/2018/0...d-value-stock/ the full list in order of favorable PB Ratio and EV/funded capacity is here: funded capacity is reference to the total kilograms of production for which the capital has already been raised, it does not mean they are currently producing that amount necessarily. This analysis is also about a week old at this point. IMH and HVST ran up hard on Friday. 20%+ each and IMH is expected to open 20%+ higher tomorrow morning. |
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