Weed stocks? Yeah, weed stocks!

[Disoblige]

One reason why I feel comfortable holding a large portion of APHA is this:



Yes, weedstocks is hyped up, but Aphria definitely trading at more realistic valuations than the other big names.
CRON is just ridiculous trading at 485x revenue after that Altria investment.

[msommers]

That shorting firm really fucked them the last few months that's for sure. Them and many holders.

[Disoblige]

Rebuttal out, kinda.
Market reacts decently. Let's see how we hold into the weekend.

[Misterman]

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Still waiting for canopy to announce their mould problems. Still short on them as mentioned on jan 29 in short term investment thread.

Starting to sweat that short position yet?

Do you have an inside source or something feeding you the mold info?

[Disoblige]

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Starting to sweat that short position yet?

Do you have an inside source or something feeding you the mold info?

He might be referring to the rumors that was out in Sept/October, which he thought would have been mentioned in earnings report. Other than that, I don't know of any recent things on mold.
Either way, risky play to bet on earning reports, especially if some of your reasons were on old rumors.

[BavarianBeast]

Nah I ain’t sweating, I’m still ITM. They’ve gotta climb a long way before I’m worried about my loss.

No comment on if he’s inside or not, but I trust his information. Certainly not positioning myself based on old rumours.

[Misterman]

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Nah I ain’t sweating, I’m still ITM. They’ve gotta climb a long way before I’m worried about my loss.

No comment on if he’s inside or not, but I trust his information. Certainly not positioning myself based on old rumours.

Right on. Wasn't looking for in depth analysis. I was just curious if you were banking on some rumor or had some legitimate information.

I'm not invested in WEED, so I hope it all pans out for you.

[Sorath]

unsure what to do with my mar 15 calls on acb. its dropped $1 since ive bought in. i bought ntm. sad times. I will start to liquidate my stock positions slowly and transition into US players

[tcon]

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Nah I ain’t sweating, I’m still ITM. They’ve gotta climb a long way before I’m worried about my loss.

No comment on if he’s inside or not, but I trust his information. Certainly not positioning myself based on old rumours.

BavarianBeast... hmm kind of has the same ring to it as Gordon Gekko

[Disoblige]

Some safer Canadian plays such as TRST HEXO ACB APHA.

Still believe more catalysts for APHA. Let's go!

[themack89]

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unsure what to do with my mar 15 calls on acb. its dropped $1 since ive bought in. i bought ntm. sad times. I will start to liquidate my stock positions slowly and transition into US players

I've been doing buywrites on ACB's weeklys and its turning out pretty dece. Although I've also accumulated a bunch of JAN2020 LEAPs in case I lose my underlying.
$15 March calls on ACB you can consider that dead money. Time is always against you if you are long on options, and if you're 50% OTM w/ a month to go, then yeah. Dead money pretty much.

Might look into who has the juiciest weekly's for the other weed co's.

[Disoblige]

VFF is such a beast.

[roopi]

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VFF is such a beast.

I remember owning this stock under a dollar when they used to just grow tomatoes. Made a couple hundred percent and bailed long before the they got into this sector.

[Disoblige]

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I remember owning this stock under a dollar when they used to just grow tomatoes. Made a couple hundred percent and bailed long before the they got into this sector.

lol holy shit.

[Disoblige]

Lol, VFF ends the day almost 9% up on a red day for the sector. Just incredible.

[Disoblige]

That VFF..
Legitimately planning to scale out of APHA soon (maybe as early as today and have extra cash) and get in on VFF if there is a pullback next week.

[tcon]

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That VFF..
Legitimately planning to scale out of APHA soon (maybe as early as today and have extra cash) and get in on VFF if there is a pullback next week.

HC just approved 700,000 sqft for APHA might want to stay on the wild ride a lil longer, dont chase the FOMO

[Disoblige]

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HC just approved 700,000 sqft for APHA might want to stay on the wild ride a lil longer, dont chase the FOMO

I was going to post about that but was busy yesterday night. We don't know its APHA for sure but everyone definitely speculating it is. I think it is as well. Let's see what the NR is next week and I'll decide from there. Still have full position for now.

APHA has a reputation for solid news and underperforming. Hopefully this isn't one of those times again.

[Disoblige]

News was correct for the expansion licenses, but let's see how we perform today. Still have $14 resistance it can't seem to surpass this morning from the profit taking. Close over $14 would be nice.

[Disoblige]

Pretty excited for tomorrow and possibly next week.
Mostly cash right now and ready to lock and load on some names if they reach my target to start a position.