Canopy is sub $50, but as momentum grows in the US, I feel Canadian companies will get crushed.
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Canopy is sub $50, but as momentum grows in the US, I feel Canadian companies will get crushed.
So why is ACB getting killed right now? Seems like a good opening to get in and wait for the inevitable rise back to the 10$ range and sell again.
Was anyone in TRST? Hopefully you kept up with the news and got out of it or it's not a big chunk.
Growing product in unlicensed rooms, then lied about not knowing about it. Then yesterday internal e-mails surfaced showing that they knew about it for the past 7 months which caused 22% drop today.
This stock went from like $10 to $2's in like 3 months lol.
CannTrust? More like CantTrust.
Still holding this stupid thing. I might buy more to average down and hold until winter. I imagine most weed stocks haven't been a fun play over the summer and might actually be a decent time to buy.Quote:
Originally Posted by msommers
Weird that crazy volatile stocks have downside volatility too. Weird...
That's the whole allure of the weed stocks for investing. Just keep buying and selling the swings. Anyone holding these things long term is either brave or stupid.Quote:
Originally Posted by ExtraSlow
Boom aphria up 30%+ afterhours. Smashed earnings.
Very impressed they were so tight lipped on it all making people think earnings would be flat.
Great news because it was nearing my hit piece entry point and was considering dumping it.
Good finish for the weed industry today. Hopefully keeps going but I don't have high hopes with it being summer time.
Summer is ending soon. We are just getting started.Quote:
Originally Posted by mr2mike
APHA, VFF, CWEB let's go!
SUGR was halted on news.
They have received their 3 applied for licences.
three licenses growing, processing & sales.
Enjoy the long weekend!
enjoy the gains on Tues.Quote:
Originally Posted by msommers
See how it lasts. If this was 6 to 12 months ago would be huge. If you are in money tuesday id sell most on the news.Quote:
Originally Posted by mr2mike
- - - Updated - - -
Vff looks good st this price.
I feel like there's going to be a lot of people selling for a quick buck on Tuesday. What people don't realize is that based on what Phase 1 is capable of producing, SUGR's revenue should damn near match their current market cap prior to the halt.
Currently up $0.04 (26%). Phase 1A which is the newly licensed phase is capable of producing "3,300,000 – 3,890,000 grams per year at full scale production." Assuming $3.50/gram, Phase 1A alone should generate $12M in revenue/year. When they amend the license and can produce from all of Phase 1, they are capable of producing "13,230,000 – 15,565,000 grams per year" = ~$46M revenue.
Basically, this thing should be a cash cow.
Ya but they need to raise more cash for expansion. Sell profit. Lower your risk.
True. They need about another $12M to complete Phase 1. Next step is to start growing and generate revenue so they can replace the current debt facility with something more favorable. I think they have about ~$2M'ish in cash after making a draw on the current debt facility. So they need to raise another $10M, likely through a new debt facility and equity raise. I still like this play long term once Phase 1 is complete and in full production.
Everyone, including me, seemed to be happy to get out early this morning lol.
Rumors surrounding big deal with Tilray. Boosted sector today but any falseness to these rumors is going to cause a bleed to the gains. Lots of volume today in the hundreds of millions of dollars total into the big names so hopefully some insider knowledge here.
MJ is dead lol.
Blood red. Wow.