Weed stocks? Yeah, weed stocks!

[tcon]

repeat of jan/feb possible

[RawB8figure]

Well, 3 weeks to go till legalization. Will we see a bubble pop? or will the size of the market support valuations?

[ExtraSlow]

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Well, 3 weeks to go till legalization. Will we see a bubble pop? or will the size of the market support valuations?

Or neither!

[max_boost]

Sold half. Letting the other half ride.

[prae]

similar story here. Sold my $WEED @ $70, sold half my $ACB in the $12 range. Letting Aurora ride.

[Disoblige]

Hard to tell what's going to happen tomorrow and into next week (October), but we are seeing RSI level getting into oversold soon and the ranges are tightening.
I think we really need some substantial news releases to help the sector in general or else we're not going to see much uplift. I'd love to be wrong though.

[roopi]

Only holding one and just going to ride it out (CRZ - Cannaroyalty). It was actually halted this morning so hopefully some good news and not financing.

Edit: I'm actually holding another stock WTER - Alkaline Water Company that had nothing to do with this sector but sometime last week they announced going into infused beverages so I guess I'm holding two.

Keeping both of these for a while unless the news is terrible today on CRZ.

[Disoblige]

ACB uplist news to NYSE. Yay. Christmas early I hope.

Hopefully Aphria announces something soon too.

[TRD_YOTA]

Yes this is still the beginning. Big things still ahead for this industry!

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ACB uplist news to NYSE. Yay. Christmas early I hope.

Hopefully Aphria announces something soon too.

[buh_buh]

My plan was always to sell leading up to legalization, but the greedy side of me wants to let it all ride.

[Disoblige]

Altria looking for constellation style deal with Aphria.
https://www.theglobeandmail.com/cann...-grower-aphria

U.S. tobacco giant Altria Group Inc. is in talks to acquire an equity stake in Canadian cannabis grower Aphria Inc., multiple sources say.

Details of Altria’s proposed investment in Aphria are still being finalized, said the sources, who asked to remain unnamed because the talks are private. They said Altria has expressed an interest in acquiring a minority stake in the Leamington, Ont.-based grower with the intention of eventually holding a majority of the company’s shares.

The sources cautioned that it could take time for the two companies to strike a deal and that talks could still fall through.

With a market capitalization of US$119-billion, Virginia-based Altria makes tobacco, cigars and wine. It owns Philip Morris USA, the maker of Marlboro cigarettes, and has a significant stake in Anheuser-Busch InBev SA/NV, the world’s largest brewing company. Meanwhile, Aphria’s market value on Wednesday afternoon was $4.3-billion. Its stock price has doubled since mid-August to $17.37.

Altria executives have met with Aphria’s leadership team in Leamington on several occasions, the sources said. The most recent in-person discussions took place on Monday, with senior representatives making the trip from the U.S.

Officials with Altria and Aphria did not immediately return requests for comment on Wednesday.

Big consumer companies are increasingly looking to forge alliances with cannabis growers, which is helping fuel a frenzy and driving stock prices higher as Canada prepares for the legalization of recreational marijuana next Wednesday. Global alcohol giant Constellation Brands Inc. unveiled its plan to boost its stake in Canopy Growth Corp. to a majority position in August after having initially taken a 10-per-cent stake last fall. Molson Coors Brewing Co. has also moved into the cannabis space through a joint venture announced this summer with Quebec-based grower Hexo Corp.

Sources said Altria is pursuing a Constellation-style deal rather than a joint venture in the mould of Molson-Hexo.

Aphria is known for being a low-cost cultivator of marijuana, boasting a cash cost per gram of less than $1. Its production site has been a revolving door of late, with the company hosting tours for a number of beverage and consumer goods companies that want to learn about the cannabis business.

In its last fiscal year to Dec. 31, 2017, Altria recorded US$25.6-billion in net revenues, a slight decline from the last year. And US$22.6-billion of these sales are from smokeable products. It booked US$10-billion in net earnings.

Altria has been making a push to expand beyond conventional cigarettes by introducing products that are seen to be less harmful. Its portfolio of non-combustible products includes smokeless, oral and heated tobacco and e-vapor.

Altria’s stake in Belgium’s Anheuser-Busch InBev SA/NV, which makes popular brands such as Budweiser and Stella Artois, is about 10 per cent. In 2017, Altria received more than US$800-million in dividends – thanks to its interest in AB InBev.

[max_boost]

Aphria. So godly today. Helps stop some of the bleeding on the overall market.

[Disoblige]

I'm interested in the details of the Altria talks/deal and see what happens. After then, I might actually decide to sell all my APH. $30 isn't too much to ask, is it?!
Also hope Aphria announces the NYSE uplisting soon as they haven't said anything about it yet but their actions definitely hint it.

[BavarianBeast]

I'm betting on the private market at this point, puts for the pot stocks now.

[Disoblige]

ACB closes pretty much near the high of the day. Crazy.

[max_boost]

How bout those weed stocks.

[Disoblige]

Sold rest of 50% this morning. Holding nothing in sector now. The gap up this morning was enough for me to secure profits. Don't care if it goes up more, I'm happy

[Disoblige]

Thank god. Look at the dump.

[asp integra]

Got out of ACB at $16 this morning, glad I did!

[max_boost]

Props man. I got out at $15 from my $12 batch. Still have 1000 shares of HMMJ from $24. Will wait now. Bought the girl something nice from weed gains. Win win win.