/biz/ - Business & Finance

[Anonymous No.9949289]

dude, weed! lmao

[Anonymous No.9949293]

>TFW COULDVE BOUGHT AT $5

[Anonymous No.9949307]

>>9949289
dude STZ lmao

[Anonymous No.9949331]

>>9949293
>bought at 4
>sold at 6
>fomo at 14
>waited a year with those bags

[Anonymous No.9949381]

>>9949289

I bought at $7 with $9k. Been holding since.

[Anonymous No.9949417]

>>9949381
tfsa?

[Anonymous No.9949454]

>>9949417

That's right.

[Anonymous No.9949468]

What are some other weed stocks with a lower market cap?

[Anonymous No.9949532]

>>9949468

Harvest One is proper good right now and cheap. Check their stats. Cashflow starting to rise since they bought Dream Water and got their license to distribute Satipharm to customers so they're getting regulated stuff going on. Also they have no debt what so ever and also have a bank of 60 some million $. Granted I bought at $1,23 thinking it was bottom but truly, this is the bottom of this paper. I suggest researching this firm. I think it's one of the lowest market cap lmao dude stocks there is with proper stuff going on.

[Anonymous No.9949557]

>>9949417

I was living with my folks back then, worked in a factory for 3 months and saved a good chunk of my money. Dumped 5k into a few different weed stocks back when Snoop released his product line. I made 9k and focused all money on cgc. Just over 50k profits.

[Anonymous No.9949590]

>>9949468
organigram, ogi is ok
they got btfo with pesticides a few years ago, but they're focused on atlantic canada and look to have some good regional deals

aph has a similar production capability as weed, lower multiple

[Anonymous No.9949595]

Was thinking about throwing a couple k in my tfsa, any other good pics aside from harvest one?

[Anonymous No.9949606]

will this company do good?

>low cap
>80 million in cash on hand
>premium buds
>slow release pills in 2019
>patches, sprays, topicals in development
>oils

been hodling for over a year with nothing to show for it

[Anonymous No.9949610]

>>9949289
buy *high*, sell high

[Anonymous No.9949634]

>>9949606
Paris?? wtf

[Anonymous No.9949641]

>>9949634
?

[Anonymous No.9949650]

Probably gonna want to invest in the levi's of the gold industry.

Look at packaging companies, cartridge companies, terpene producers, green house producers, etc

[Anonymous No.9949661]

>>9949641
If it was an american company i'd have an opinion. ive never even been to france

[Anonymous No.9949675]

>>9949468
>>9949595

Canadian tickers trading undervalued relative to their peers at this time:

APH
TBP
THCX
OGI
N (high risk- they don't have their sales license yet)

US tickers (trading on Canadian exchanges and US OTC)

LHS
TGIF
FFT
CNNX
Strongly recommend buying the Acreage Holdings IPO when it happens later this summer if the market is still bullish. The recent IPOs have all pumped hard within a month of listing this year.

US tickers that are high right now but may pull back for better entry:

MPX
IAN

[Anonymous No.9949690]

>>9949661
its paris ontario you dick brain

[Anonymous No.9949732]

>>9949650
just so any bros here arn't aware weed is being overproduced now and the prices are plumeting nationwide in the USA. prices are down over 20-30% since last year.

[Anonymous No.9949753]

>>9949732

Not in Nevada. California is having problems because government got too greedy on the taxes.

[Anonymous No.9949757]

>>9949610
das right

>>9949675
good advice

[Anonymous No.9949850]

>>9949289
DUDE WEED LMAO

[Anonymous No.9949867]

>>9949675
What do you think of micron waste technologies?

[Anonymous No.9949915]

ABCANN
Aurora
-both pretty good i assume

[Anonymous No.9949961]

>>9949915
aurora has gone on a buying spree with debt, and their megagreenhouse keeps getting delayed
I still baghold it, but I don't like their business model

[Anonymous No.9949970]

>>9949867

I really like MWM. They should have plenty of customers going forward as the sector matures. Now is not a good time to enter unless you wanna be a FOMOing doofus. And there is nothing wrong with being a FOMOing doofus, necessarily, but statistically you're likely to get dumped on pretty soon here after the recent spike. Wait for dip.

[Anonymous No.9950035]

WTF HAPPEND TO ABATTIS BIOCEUTICALS

I BOUGHT AT 40 CENTS WTF

[Anonymous No.9950128]

>>9950035
they aren't a weed producer, there's little built in value
they got caught up in the end of the year bull run

[Anonymous No.9950132]

>>9950128
will they ever recover?

[Anonymous No.9950140]

>>9949732
thats why you invest in companies that make downstream/secondary products, like >>9949606

CGC will probably end up being a wholesale supplier of shwag to other companies to make wax, edibles, etc.

[Anonymous No.9950174]

>>9949289
Based, I love these guys.

[Anonymous No.9950197]

>>9949675
Check out Khiron Life Sciences (KHRN), I got in on the private placement at a buck per share plus warrants at 1.20 strike. Medical operations in Colombia with the goal of expanding across latam with a ~75mn or so mcap

[Anonymous No.9950200]

>>9950174
did you buy back in?

hoping we get another bull run with the states bill

[Anonymous No.9950214]

>>9950200
I did but sold most of my shit RIGHT before the epic bull run because I didn't see this kind of moving coming so early. So I guess in the long run I really lost since I could've just held those shares through the 2016 crash and made like 4-5x more by now. Holding 1750 shares of APH right now and 150 CGC plus 10k KHRN shares & warrants

[Anonymous No.9950217]

>>9950197
Thanks I'll take a look at their chart and financials.

[Anonymous No.9950237]

>>9950217
RTO was only like 2 weeks ago or so, still relatively new. Some retard fat fingered it today to like 1.41 but really its been trading in the 1.15-1.20 range. A lot of shares are escrowed and there aren't many trading in the market right now so I think $2/shr is in the cards if they can execute.

[Anonymous No.9950284]

>>9950214
I sold like half my shit in dec 2017 thinking I could time it
but then I cashed out some crypto to fomo
everyone makes mistakes, but we're all going to make it

[Anonymous No.9950315]

Jokes on all you fuckers. Recreational weed will never be legal in Canada.
t. Canadian senator

[Anonymous No.9950358]

so is it a bubble or will canopy growth and other weed stocks continue to grow?

[Anonymous No.9950397]

>>9950358

It is a bubble and Canopy and the others may very well keep spiking until the valuations go from ridiculous to stupid. Use trailing stop losses on these to protect your gains unless you see a clear sell signal to pull out completely then and there.

[Anonymous No.9950409]

FFT with that oversold bounce today. Splendid.

[Anonymous No.9950441]

>>9950315
There's literally 0 chance they let this fall through given the massive amounts of capital that have already been invested in the sector. It would be a fuckup of monumental proportions and the federal Liberal party would have egg on their face. It would be political suicide

[Anonymous No.9950468]

>>9950441

There has been an increase in suicide rates lately...

[Anonymous No.9950520]

>>9950358
the canadian market is a bubble
but these companies are uniquely positioned for international expansion, if other countries open up their markets the big canadian ones will be some of the first in

[Anonymous No.9950582]

>>9950315

It already passed senate third reading, passed HoC vote to send it back to senate with some amendments rejected. Bills very rarely fail at this point. It's just a matter of what level of stubborn wants to be on their retarded amendments. For those not familiar with the bill's progress, there are only three amendments the senate added that they may fight a bit to keep:

>1. amendment to allow provinces to ban home growing
>2. amendment to ban LP advertising swag (t-shirts, hats, etc)
>3. amendment to have a public registry of cannabis investors to "keep organized crime out of the sector"

They'll almost certainly give up 2 and 3 without a struggle, 1 is the only thing they might dig in on. We'll have a better idea later this evening as the senate is scheduled to evaluate and vote on their response to the HoC today. Keep in mind the senate is majority lib senators and lib appointed independents. The conservatives do not have the numbers to kill the bill.

[Anonymous No.9950829]

>>9950358
I don't believe it's a bubble, but the big question mark is what the actual size of the rec market is going to be, versus what the analysts are forecasting and what assumptions are baked into the current prices. The consensus is that there's going to be a supply shortage for the first 6-18 months as not nearly enough of the LP's are going to have the scale and expertise to produce the quantities needed, but after 2 years or so that will shift to a supply glut as more and more cannabis comes to market, which is when extracts/edibles/etc are gonna be the differentiator and the way to drive margin growth.

There's also the longer-run view that, although the Canadian guys are pretty cheap cost per gram, they can't compete with the kind of prices you'd get out of latam like Colombia and others, so there could be a secular shift towards even lower-cost regions like that to get pricing power. Although Canada won't likely allow foreign exports to compete with domestic product, if the ultimate aim of guys like Canopy and Aphria is international export, they'll be competing with much lower cost latam production

[Anonymous No.9950838]

>>9950582

Senate is talking about the bill right now. Warning: the senators make baffling reefer madness tier arguments frequently but when time comes to vote they pass things through.

http://www.cpac.ca/en/direct/sen6/171939/live-senate-audio-94/

[Anonymous No.9950925]

>>9949289

Buy FIRE
https://finance.yahoo.com/quote/FIRE.V?p=FIRE.V

[Anonymous No.9951042]

>>9950838
Senator arguing to back off on the amendments and bend to the will of the house right now. She says quibbling over this shit is a waste of time, essentially. Nice to hear some rationality out of the senate for once.

[Anonymous No.9951045]

>>9950829
Another factor is that the existing recreational market is already very well supplied by the black market in Canada. All this new capacity will drive prices down.
I also think the market for extracts and edibles is dramatically overestimated. That shit's too strong.

[Anonymous No.9951068]

>>9950838
>you'll never make 140k a year to listen to shit like this in the senate
are senators the ultimate neets?

>>9951045
tolerance builds up
I think no calories and less heart risk will mean more women and older people will get into it

[Anonymous No.9951095]

Just spent 6 days hooked up to an IV in the hospital for what was ultimately determined to be Cannabinoid Hyperemesis Syndrome

Fellow brothers, if you find yourself nauseous/vomiting seemingly randomly, especially in mornings. Do some research.
If hot showers relieve your nausea, it's probably CHS.
Worst week of my fucking life I thought I was literally dying. stay safe and i hope none of you have to experience this condition

[Anonymous No.9951126]

>>9951068
>are senators the ultimate neets?

Easiest government job in the country. They aren't even required to attend all the sittings. In the past, senators have caught flak for habitually failing to show up.

[Anonymous No.9951135]

>>9951095

Shatter?

[Anonymous No.9951150]

Just buy HMMJ and lay back.

[Anonymous No.9951155]

>>9951126
>Easiest government job in the country
you sure about that?

[Anonymous No.9951157]

Vote on home grow ban amendment coming up in 15 minutes.

[Anonymous No.9951169]

>>9951155
Okay yeah the feathers have some cushy gigs too.

[Anonymous No.9951172]

>>9951135
i did do dabs, but not for the last 2 months when my symptoms started ramping up worse and worse
the night before i was admitted me and a friend smoked 6 blunts and a few bowls between us, which wasn't a TON more than we usually do, but it was a celebration
just a lot of blunts on a daily basis for a very extended period of time

[Anonymous No.9951393]

Motion to insist on the provincial home grow ban option DEFEATED. This is excellent.

[Anonymous No.9951456]

>>9950582
>>1. amendment to allow provinces to ban home growing

To clarify what happened just now, this amendment has been defeated. It is no longer an impediment to the bill passing and will not be a part of the bill when it becomes law. I think the senate will accept the amendment rejections entirely tonight and green stamp it. That means the bill has passed and we going legal rec sales late this summer.

[Anonymous No.9951490]

>>9949289

>tfw bought APH instead of CGC
>ended up double justed in January

FUCK YOU VIC

[Anonymous No.9951517]

>>9949732
>>9949753
Yeah, Vegas here and the pot industry is booming. Every third taxi and every fifth billboard advertises pot dealers. On my 9 mile commute to uni I drive past three dispensaries.

[Anonymous No.9952478]

WEED IS GOING LEGAL IN CANADA THIS SUMMER

Pic related motion passed. 52 for - 29 against - 2 abstained. Senate has agreed to the bill with the HoC amendment rejections. That's it. That's all. There is no more debate left. Weed gonna moon hard tomorrow.

[Anonymous No.9952514]

>>9951150
any of the other companies wouldve given you more returns though

[Anonymous No.9952535]

>>9951172
u sound like a fagget

[Anonymous No.9952547]

>>9952478
is it even worth investing in WEED anymore... shits up 600%

[Anonymous No.9952581]

>>9952547

It'll pump tomorrow like the rest but there are more profitable options. US companies in particular are just getting started.

[Anonymous No.9952607]

>>9952581
such as? The only american stock I like is pic related

[Anonymous No.9952686]

>>9952607

>>9949675

[Anonymous No.9952800]

>>9951490
nothing personal, kid

>>9952478
>Weed gonna moon hard tomorrow.
there's been a lot of buy the rumor sell the news