Weed stocks? Yeah, weed stocks!

[Brent.ff]

My LHS sure got extra pummeled today...

[sexualbanana]

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Cannibis investors, watch out for USA travel. This guy already got a lifetime ban....
https://business.financialpost.com/c...tiny-at-border

The link quotes that people involved in the cannabis industry are still generally allowed into the USA so long as it's not business related. People can still vacation to the USA, they simply can't go if their reason for travel is work related, like the conference he was going to. If he didn't say he was going, it may not have been a big deal. But lying to US Customs is generally a pretty bad idea.

[sexualbanana]

"Saunders casts some of the blame on the Canadian government for perhaps not understanding the gravity of the border situation as it relates to cannabis. “Look, the Americans have already said that any foreigners involved with the cannabis industry can be denied entry and barred for life. Now you have the Canadian government advising people to tell the truth at the border" - FP Article

I'm amused that he blames the Canadian gov't for telling them to not lie to American customs.

[Misterman]

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But lying to US Customs is generally a pretty bad idea.

Just not as bad an idea as telling them you're going to do something not allowed in their country.

[juwantme]

Does anyone have any insights into Harvest One ticker: HVT?
I was looking at investing in them and they have dropped quite a bit - not sure why given their financials and new leadership team.

[mr2mike]

Sector as a whole is getting killed. Catalyst is the APHA short bashing piece that was released.
Most of sector are new investors, scared everyone is a shell company now.
My advice, you can't pick bottom but I'd wait for some greener signals.

[BavarianBeast]

I heard through a bird that canopy is having severe mold and insect issues in many of their facilities.

Reliable source, but he is also heavily invested in the private cannabis market too.

[sexualbanana]

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Sector as a whole is getting killed. Catalyst is the APHA short bashing piece that was released.
Most of sector are new investors, scared everyone is a shell company now.
My advice, you can't pick bottom but I'd wait for some greener signals.

What's causing the industry to get hit so hard? Sorry if I missed it in the thread already.

[Nova316]

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What's causing the industry to get hit so hard? Sorry if I missed it in the thread already.

The fall of APHA, Quintessential Capital Management release a report of allegations that APHA is a shell company. There's a powerpoint presentation that was released on this issue as well.

TDLR: Apha could be overpaying and buying useless insiders companies with shareholders money

[msommers]

I find it pretty disheartening that a Capital company who makes money off of shorting stocks will publically shame a company, whether the rumours are true or not. And now the whole industry is suffering as a result.

Is this the guy the Warren Buffet of shorting or something and everything he says is to be taken as gospel? The whole thing comes off brash and unprofessional. But at a 60% drop or something nuts, I guess being a prick makes you a lot of money and zero fucks.

[ExtraSlow]

Lots of shirt sellers make a career of things like this. They get a reputation when they are correct more often than incorrect. I don't know this guy particularly, but I'd guess he's been right before.

[BavarianBeast]

Biotech industry is the worst for short sellers having an influence on stock price.

Ive seen a lot of very good biotech stocks get slashed 50% in a day merely from The Street/MF or some fucking idiot like Bernie sanders bashing them.

Always nice when the companies keep performing well and the shorts get squeezed to oblivion.

[Disoblige]

I'm likely having a full large position in APHA sometime this week as part 2 is supposedly tomorrow and many holes of the priginal report are being scrutinized. Also Aphria said full line by line response will be coming soon. The only crappy thing is how long it took them to respond to say they will be responding and share price reflects that. Also this Andy guy isn't helping the situation.

[mr2mike]

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or some fucking idiot like Bernie sanders bashing them.

Weedstocks had Jeff Sessions. He opened his mouth and the industry would pull back 25% at a time.

[gqmw]

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I'm likely having a full large position in APHA sometime this week as part 2 is supposedly tomorrow and many holes of the priginal report are being scrutinized. Also Aphria said full line by line response will be coming soon. The only crappy thing is how long it took them to respond to say they will be responding and share price reflects that. Also this Andy guy isn't helping the situation.

I'm still holding as well but it's not looking great. The whole Andy situation definitely does not look good. It's hard to believe that the entire management is rotten though but we will see as details emerge. I'm also very interested in knowing the details of the relationship between APHA and LHS though.

[Disoblige]

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I'm still holding as well but it's not looking great. The whole Andy situation definitely does not look good. It's hard to believe that the entire management is rotten though but we will see as details emerge. I'm also very interested in knowing the details of the relationship between APHA and LHS though.

It's looking amazing. 30% so far. Break 6.50 resistance and we fly into 7s.

[BavarianBeast]

Is anybody invested in 51st parallel? https://51st.ca

They closed the initial offering about a year ago, and sounds like they’re going to do another round here soon. Worth taking a look at imo. Min investment is $50k.

[Disoblige]

You better believe I'm going large on this high 6 special on APHA right now. Holding over weekend.

[TomcoPDR]

No guts no glory

[That.Guy.S30]

I too have decided to double down. It's either we are getting Christmas gifts or not!!!