Weed stocks? Yeah, weed stocks!

[dandia89]

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Aphria and Aurora

do HMMJ if you don't want to do due diligence, but believe in the sector.

people trash aurora alot on r/weedstocks but i think it's a great play

[RawB8figure]

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Any point in still buying any of the weed stocks? If so, which ones? Buy and hold until when?

Emerald Health Therapeutics Inc.
ORGANIGRAM HOLDINGS INC
The Green Organic Dutchman Holdings Ltd

[shakalaka]

Say I grab a few aurora and the ones mentioned above, how long should they be held on to? I am not an active stock person so usually buy and just sit on them.

[sabad66]

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Say I grab a few aurora and the ones mentioned above, how long should they be held on to? I am not an active stock person so usually buy and just sit on them.

this is a very loaded question with a lot of factors:
a) depends on how well or shitty they do and nobody has a crystal ball
b) depends your personal situation/investment strategy/goals/risk aversion level

[max_boost]

HMMJ

No thinking required

[killramos]

“Easy” money has already been made, at this point you are just following the lemmings off the cliff.

The risk has already paid off.

Just as easily going back to nothing as up to ceiling at this point like any other stock.

[RawB8figure]

https://www.bnnbloomberg.ca/marijuan...t-17-1.1096187

[roopi]

Market Cap of Molson Coors is about 16 billion, Market Cap of Canopy, Aphria, and Aurora combined is about the same. One has 15 billion a year in revenue. The other 3 combined are estimated to have 1 billion in revenue next year. Overvalued? Definately... there is large growth potential in this industry but it's going to be hard to pick the right stocks that are left at the end. My guess is these companies (the good ones) will get bought out by the large beverage and/or tobacco companies at some point.

If you know nothing about these companies and just want to invest so you don't miss out I'd save your money or by the ETF like maxboost suggested. My 2 picks are APH and CRZ. CRZ is a company that invests in other cannabis related companies in the U.S. so you won't see it react with the rest of the Canadian Cannabis stocks.

[Buster]

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“Easy” money has already been made, at this point you are just following the lemmings off the cliff.

The risk has already paid off.

Just as easily going back to nothing as up to ceiling at this point like any other stock.

I know quite a few people who have dumped big $$$ into cannabis development. I'm at least somewhat connected with a lot of the big players in the segment.

I'm not touching any of it with a ten foot pole.

I think the market and the profit will be far less than people are predicting.

[ExtraSlow]

May as well buy the 3x leverage oil bull.

[BavarianBeast]

my overall return from cannabis stocks has been over 600%.

Sold most of them a while back but going to hold a relatively small position in HMMJ for 2 years.

[taemo]

been holding acb and aph since 2016, will be exiting within the next couple of months, might keep some aph though

[shakalaka]

I don’t wanna put too much. With other projects on the go there’s not much liquid cash to be put anyway. I was thinking something along the lines of $15K or so. Sounding like HMMJ and Aurora ones are the safest bets? I don’t plan to make 7 figures or drop my entire net worth in hopes of multiplying it exponentially. I just don’t understand this game that way. But even if I make $10K or so there’s no harm in that, is what I am thinking.

[roopi]

Your 15k is not going to make a profit of 10k in HMMJ or Aurora within the next couple of years. Find somewhere else to invest in.

[killramos]

Lol guaranteed 70% return in a short term. Might want to trying buying a bridge in Brooklyn.

[tcon]

Although ACB may be a great long play, in the short term I can't justify buying back in. Sold all my shares at an average of about 10$. They're currently sitting around $10, and in August they will be up to 1.2 Billion shares I believe? That puts their MC at about 12 billion.

That's not to mention Sky won't be completed until 2019, and the med hat plant probably 2020. Not sure how they can justify that MC with no production.

[BavarianBeast]

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I don’t wanna put too much. With other projects on the go there’s not much liquid cash to be put anyway. I was thinking something along the lines of $15K or so. Sounding like HMMJ and Aurora ones are the safest bets? I don’t plan to make 7 figures or drop my entire net worth in hopes of multiplying it exponentially. I just don’t understand this game that way. But even if I make $10K or so there’s no harm in that, is what I am thinking.

Just keep in mind that if you put $15k into HMMJ, you’d essentially have $2250~ worth of Aurora lol.


https://www.horizonsetfs.com/horizon...duct-Sheet.pdf

[shakalaka]

I never mentioned I wanted it to be short term necessarily. I don't mind leaving it in for a few years if that's what it takes but I've been reading stuff that says there are concerns about longevity of these stocks so I am not too sure.

[taemo]

bought some more ACB and APH yesterday, I'm hoping for another 10-20% profit (+7% now from yesterday) before cashing out.

[sabad66]

One thing people aren't considering here is very long term (i.e. 20 years out). With these massive Canadian companies being as established/mature as they are now with a small market like Canada, imagine when other countries follow suit and legalize. Personally i think it's only a matter of time before other big major countries legalize. Maybe not in the next 5 years but i'd be willing to wager that in 10-20 years its legal in all westernized countries. With countries new to the game, Canadian players like ACB will be in a position to enter those markets and become massive multinationals. They are already getting involved in Germany medical markets and other European countries soon to follow.

Another thing to consider is the "downstream" (lol) products like edibles/extracts/vape pens/etc that are coming later on. They aren't allowed now so the big legal companies haven't touched them yet (only grey market ones have so far), but i think that's where a lot of value will be created too.

Really i feel this is just the beginning IMO, but patience will be key.

Anyways those just my thoughts. Always do your own due diligence but personally i'm keeping a few 'blue chip' pot companies in my long term accounts and banking on them being worth a lot more by the time i'm retired.