Anyone playing in this space?
A number of companies saw massive gains when the Cannabis task force report came out the other day, is there still money to be made here?
Anyone playing in this space?
A number of companies saw massive gains when the Cannabis task force report came out the other day, is there still money to be made here?
DOES ANYONE NEED A GO-JUICE?
My brother got in early to Cannabix Technologies Inc. It's quadrupled since September. They develop a breathalyzer for weed.
Another is Aurora Cannabis. They're up about 3x since August.
Current Cars:
2019 BMW X3 M40i Stage 2, 12.44 at 110mph
1972 Chevy Super Cheyenne C10 Pickup 402 big block, 700R4
2004 GMC 2500HD 8.1L
Past Cars:
1970 Chevy Blazer, 2wd
2003 BMW X5 4.6IS Doushmobile, moneypit
2015 Ford Fiesta ST | Cobb Stage 1, catless downpipe
2008 Corvette Z06 - 11.39 at 123.8mph
2002 Corvette Z06 - 12.10 at 116.5mph
2005 Jeep Wrangler LJ
1993 5L Mustang - 12.59 at 108mph
1989 5L Mustang
1990 Jeep Cherokee
1991 Acura Integra RS 403Honda
A lot of the upside is priced into these stocks. None of them make sense from a current earnings standpoint. Is there money to be made? Maybe, but there is a lot of money to be lost as well. You are operating on pure speculation at this point.
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WTF? That is sooo wrong.Originally posted by ExtraSlow
A lot of the upside is priced into these stocks. None of them make sense from a current earnings standpoint. Is there money to be made? Maybe, but there is a lot of money to be lost as well. You are operating on pure speculation at this point.
Are you on the pot?
What EBITDA factor are they trading at right now? 10x ?Originally posted by ExtraSlow
A lot of the upside is priced into these stocks. None of them make sense from a current earnings standpoint. Is there money to be made? Maybe, but there is a lot of money to be lost as well. You are operating on pure speculation at this point.
The LPs are for sure banking on the rec side of things being gifted to them... that's why I'm sticking to BLO... they are like the shovel producers of the gold rush... legal or not use is up and they are building a better mousetrapOriginally posted by ExtraSlow
A lot of the upside is priced into these stocks. None of them make sense from a current earnings standpoint. Is there money to be made? Maybe, but there is a lot of money to be lost as well. You are operating on pure speculation at this point.
Many don't make earnings, so their EBITDA is infinite.Originally posted by revelations
What EBITDA factor are they trading at right now? 10x ?
Ah, so like Tech stocks from year 2000 thenOriginally posted by suntan
Many don't make earnings, so their EBITDA is infinite.
I agree that there is a lot of movement right now based on speculation. I however bought some Canopy (CGC) stocks when they were around $2 (about a year ago when they were on the venture exchange) and they've gone up as high as $17 at one point but are hovering around $10-$11 these days. Still a solid return. I think the ship has sailed a bit on big returns like that now.
i got into Supreme Pharmaceuticals (SL) @ .32 ,two years ago.
It is now @ 1.80
i am not exactly sure where it is headed now, but ive done pretty well with it so far.
i will eventually sell out and buy into energy stocks, when the time is right.
Last edited by T-Dubbs; 12-14-2016 at 01:41 PM.
Deleted F10 535dOriginally posted by Mibz
The criteria for being a Beyond Baller is simply knowing you are one.
My hybrid burns Diesel & Oil
You're a little late to the game but I'll always encourage new $ to come in.
In my opinion these stocks have a lot of upside without much downside risk right now. Once cannabis becomes legal (which is inevitable) these companies are going to be billion dollar companies. Picking the companies that will succeed will be the real work. Right now they are trading purely on news so it is all speculation and timing if you are actively trading.
Many will also sell themselves to Big Tobacco.
Anyone have any views on N - Namaste Technologies or THC - Biomed Intl?
N - Sells vaporizers globally. Doing about 1m in sales monthly currently. The industry should grow regardless of the legislation.
THC - Apparently their in the process of opening an online store with 29 strains at a really cheap price.
Last edited by shynepho; 12-20-2016 at 10:44 PM.
Check out Canopy Growth Corp and do a quick EBITDA factor https://www.google.ca/finance?q=TSE%...AsOR2AbQhZrACA if you're in need of a good laugh.Originally posted by revelations
What EBITDA factor are they trading at right now? 10x ?
It may end up being a long term winner, but they have already previously hit a market cap of over $2 Billion at their 52 week high. They only have $196MM in assets (including goodwill), made $5MM last quarter, and have a current market cap if $1.92 Billion.
This stock should be added to Urban Dictionary under the definition of Speculation. I think it's the most absurd one out there currently (w/ a major market cap).
Edit: Agreed on Cannabix - I'm in at $0.30 with my entire TFSA - they're competing with Hound Labs (Private) in the US, but they both have some brilliant minds on staff. Given that it's my TFSA, I'm riding it out to $0 or until a replication of what TASER did many moons ago.
Last edited by Env-Consultant; 12-15-2016 at 08:57 AM.
CIBC Wood Gundy already helped customers invested in this space last year. Most are having 800% return at this point.
So I think the hype is over now comes the law.