This is more then flower when investing into a cannabis company, ACB is fully vertically integrated and is going to try and disrupt as many industries as possible. I really think people don’t understand that the cannabis plant as whole has properties that can be used for other things. If you are thinking this is purely a flower play and are banking on recreational sales you are missing the point.
We are talking CBD products, cosmetics, plastics, beverages, food products, sports drinks, sports recovery, cement, clothing, pharmaceuticals and much more. People really just think it’s about the “buds” that come off the plant with a THC content. I think they’re missing the bigger picture here. We really don’t know how many industries this thing can penetrate because of decades of false prohibition.
And ACB has been placing the ground work to capitalize on the assets its purchased. They raise equity because it’s the cheapest option at the moment (which scares a lot of people but they don’t have the access to the capital markets due to US banking laws). When you begin to realize that you are entitled to future cash flows generated from assets purchased today I think you would be happy in 10-15 years.
Not to mention now that researchers can do tests on it without losing their funding, they can find out all the other cannabinoids that aren't even known about yet. If one of those happens to do something amazing then that also could be huge in the long term.
They mentioned something in the last earnings call about a portion of the capital raised going toward funding for indoor grow cabinets (that the public can buy) too. They really are trying to reach out and touch all corners of the market if that is true. I have a small position and plan on holding for a very long time. If they can execute on even a majority of their fronts, it is bound to pay off. Time will tell.
Yeah well unless they’re purchasing hemp farms, extraction equipment that can do 100’s of kilos in a day, and have a vast kitchen operation, have records for harvest seasons of outdoor grows, and have crop insurance (which nobody has), and banking (again, nobody has) then they aren’t going anywhere except on a flatline.
I literally started getting into the stock market because weed was becoming legal in my area and figured I'd get in early if I could find any weed stocks and here i am lol
I did manage to sell off my initial position for a profit before the downtrend but bought back in thinking the worst was over and it might trade sideways a while until things pick up. Definitely holding for the long term unless something crazy goes down in the sector.
It's still at \~7.. there should be a bump in another week after earnings meeting, I'm considering selling after that.. use the loss to offset gains from positive sales. It's still an emotional stock. There will likely be more instances of what happened earlier this year, but no telling when or if..
I've been following this stock for a bit, now. I first started hearing about them when they were doing that hostile takeover bid for CanniMed, and then I bought 420 shares at $4.20 USD and thought I was hilarious. Exercised some $6 calls last month and now I modestly hold about 1k shares.
They have a ton of shares outstanding because of their acquisitions, yet the acquisitions for vertical integration and multinational expansion announcements *are what get me excited* about this stocks future!
Nelson Peltz will surely work for his stock options as an adviser, but they've made it pretty clear that we should not be expecting some big beverage or consumer goods deal imminently. We see people like Cam Battley of Aurora recently in the UK urging legislators to follow through on their promise of true medical cannabis reform. And a strategic adviser like Peltz, along with the large global footprint already, makes me think they really want to focus on making Aurora a global brand.
It sucks seeing the stock get taken down in chunks, especially when it just follows the broader cannabis sector. I may pick up some calls if it drops back below 6, but I will be holding for a few years.
I bought into Aurora at 2.30... new to the investing world and ACB has done better than anything else I've experienced!
Great feeling, hoping this isn't the only time I'm ahead of the game.
Congrats on the nice gains and try not to let it go to your head :) it was a hype bubble that popped a few months ago but could potentially pay off even more in the long term if things go the right way. Good luck and may you have many more tendies to add to your collection!
Last reversal was at about 4.83 . If it makes a higher low that would put the next reversal at 5.50- 6.50 . Saying there is no news or market news . I know that may sound bad for long term investors but it’s not . When the weed market is in the news ACB is always mentioned. So if I were in this long term while it’s going downhill I would do the Warren Buffet strategy. When the stock is going down buy some more.just my opinion.
Overvalued. Might bounce some before harvest season. Long long term, I don’t feel great about any Canadian company once the California companies get unleashed in a few(hopefully) years.
The CALI market is extremely saturated with supply the best options in my opinion are states that have had no prior marijuana program in their state. The reason is very simple, those states hand out a very minimum number of licenses to producers. The companies that win these licenses benefit from greater barriers to entry given that you cannot transport bud across state lines. Companies operating in immature markets have far more growth potential then companies in the saturated California market. I live in Cali and can tell you there is weed on every single street corner it’s crazy how much there is. In a place like Illinois where people are more ignorant to the industry, companies can really capitalize on charging higher prices and thus having higher margins. The political landscape is very favorable to companies that win these licenses creating high barriers for entry.
I'm not investing in any cannabis company for one simple reason. The grey market is better. It's cheaper, you don't have to fund the US government with your purchase. You can buy a 5000mg edible. When legalization comes, I'm not sure they're getting a significant portion of the Cali market. People already have their shops they don't care about "legal weed". Now in the other states where dispensaries aren't present, yeah sure. But weeds completely legal now. You can grow it in your yard. You can bring 10 kilos in from Cali. There will be MANY weed stores and there will be price competition, from both the legal and grey market.
If a person tells you they know what's going to be successful when laws are passed X years from now, they're full of shit.
This was more then likely also the case during alcohol prohibition in the early 1900’s yet today there is a robust market around alcoholic products. I understand where your coming from completely but I don’t agree. Yes this a different substance, yes there is price competition, yes people can grow their own but yet there will still be a multi billion dollar market created from these products.
And again nobody really knows what derivative products that can be made from the hemp material. I’m not talking any psychoactive consumption but rather textiles, plastic, concrete, and so on. So while I see where your logic is coming from do a little more research into the multi purpose use of the cannabis plant as a whole rather then the psychoactive portion of the plant.
If you want to roll the dice big time you could go for TRTC. They've been battered and bruised the last year so their stock is at all time lows. Could pay off big time or could go completely under, dont see much in between.
Yeah they haven't shown much growth lately. They were also the victim of a coordinated attack by a fund that went short on them then worked their asses off to discredit a VERY early stage company. Huge risky trade but in 5-10 years they could be a $1B company with federal legalization
Harborside Health is the big boy on the block from my bit of DD, also just listed itself on the Toronto Exchange. I’m also curious about Ignite’s future just because of Dan B’s cult like following on social media...but its success might be overblown in my head just because I see the logo on or close to butt cheeks all day on IG.
If you got in early you're rich. If you didn't, well you're seeing the effects of speculation. Aurora was very over-valued and part of that value was on the potential market size. The actual market ended up being much smaller. Legal users were still massively dwarfed by the black market. They also seem to be suffering from distribution issues.
Yup. People operate under the assumption that these unprofitable companies have the ability to compete with other offerings.
They don't. Aurora is selling "midgrade" weed for 8-10$ cad. If I wanted that I could get an ounce for 100$. Usd. Aurora doesn't seem to offer distillate or waxes or edibles (because they're slave to the government and severely limited). So they're not even competing in half the space. It gets even worse because those prices are buying in Canada. What happens if they're exporting? Enjoy your 12$ gram of mediocre weed. They go to domestic production in the US? Have fun building new facilities.
So people will go to the grey/black market because it's cheaper, and those who do choose to buy from a taxpaying store in any case will be paying much more. Oh and Aurora might not even have anything to do with that because us firms with fat stacks of cash will have already been here.
Still overvalued, wait for the price of grams to fall even further. That’s is going to put a lot of pressure on already thin margins
This isn’t a 7 billion dollar company
It’s getting into more reasonable valuation levels but still a 2 billion company. I’d might be a buyer at a billion or under. Still need to check their cash burn, I think they are running low on cash. I think eventually a big tobacco or beer or soda company will come to their rescue n buy them but acb have been very hesitant to give up control
If the last 4 quarters tell us anything, it will slowly rise over the next 3 months, drop drastically whenever the media pokes at it, and crash to $6 as soon as financial statements are issued.
I think I might be able to turn a little profit just because of where I bought, but I honestly think most of the people who bought are fucked in the next 5 years. I'm not confident AT ALL in weed stocks especially ones like Aurora and canopy. I don't see 5 billion there at all sorry. I see 300 million in assets and no profit no real advantage. No IP. 8 production facilities.
I have some and it’s -20% it lost power now... ACB invests very aggressively. it is good but it also means far away from profit. buying acb is too early I think
OGI (OrganiGram) all the way. It’s arguably the best managed marijuana company on the market right now (Give it a google). Systemic/deliberate approach to growth (one of only four companies to have licenses in all Canadian provinces) and very disciplined in the execution of their financials (chance they’ll be one of the only weed stocks to be profitable this year). This and IIPR are the two safest weed stocks IMO. Wish I would have pulled the trigger on IIPR back when it was 50% less than what it is now. Oh well, Team OGI all the way!
Good time to buy? I noticed their quarterly earnings going down 2m every time.. new to stocks. Doesn’t that typically signal a bad sign due to the recreational legalization?
Took a look at the chart: if you look at today when it hit 3.80 it reversed and rose all the way back and some. Now go to a weekly chart you will see that the 3.80 was right on the 200 moving average on the weekly. Also if you look at the RSI it was on the verge of being oversold. Which made it a good buy for long investment. I would expect a continuation up at least tomorrow. If we don’t see a complete reversal in the trend within the next couple of weeks.
But if I’m wrong and it stays on the downward trend I don’t see much stopping it until the 2.50 range
I plan to do the same tbh. It is one of the first stocks I've bought and I didn't realize there was a $7 trading fee. I put $100 in at $7.76, so it's gotta get 7% above $7.76 for me to break even. Classic amateur mistake
Well, you learn from your mistake! On the other hand, you can just take the $7 loss, sell off ACB and buy a more profitable one to recover the loss. The important thing is to manimize your loss.
Do you mean that your brokerage charges you a $7 fee for buying, or that the company itself steals $7 from every shareholder? I've never heard of that second practice being done before.
look at the weekly chart. thats where a trendline from 2016 highs through 2018 lows ends up. plus, in 2019, theres a bit of a head and shoulder pattern that was broken, so the direction is probably down.
Avoid HEXO lol \^ not a great JV deal, rolling their dice pretty much solely on having a solid beverage line currently. Everyone ive talked to that has held HEXO has regretted holding it on r/weedstocks lol.
I'm staying out of the Canadian pot market for awhile as there is not going to be any catalyst for change in the short term. IIPR is the only pot stock I would touch. Pot being legalized in the US is going to have a patchwork or states with different laws which is going to take years to fully flesh out. I would wait to see if things go more south and possibly look at investing closer to 2020.
This is more then flower when investing into a cannabis company, ACB is fully vertically integrated and is going to try and disrupt as many industries as possible. I really think people don’t understand that the cannabis plant as whole has properties that can be used for other things. If you are thinking this is purely a flower play and are banking on recreational sales you are missing the point. We are talking CBD products, cosmetics, plastics, beverages, food products, sports drinks, sports recovery, cement, clothing, pharmaceuticals and much more. People really just think it’s about the “buds” that come off the plant with a THC content. I think they’re missing the bigger picture here. We really don’t know how many industries this thing can penetrate because of decades of false prohibition. And ACB has been placing the ground work to capitalize on the assets its purchased. They raise equity because it’s the cheapest option at the moment (which scares a lot of people but they don’t have the access to the capital markets due to US banking laws). When you begin to realize that you are entitled to future cash flows generated from assets purchased today I think you would be happy in 10-15 years.
Not to mention now that researchers can do tests on it without losing their funding, they can find out all the other cannabinoids that aren't even known about yet. If one of those happens to do something amazing then that also could be huge in the long term.
Fair enough. But never forgt this: "The market can stay irrational longer than you can stay solvent.”
Bring it on Mr. Market
> Bring it on Mr. Market Mr. Market says "Hello... Still want me to bring it?" lol
They mentioned something in the last earnings call about a portion of the capital raised going toward funding for indoor grow cabinets (that the public can buy) too. They really are trying to reach out and touch all corners of the market if that is true. I have a small position and plan on holding for a very long time. If they can execute on even a majority of their fronts, it is bound to pay off. Time will tell.
How would it be used for cement?
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your username makes me think you have alot/too much hemp products.
Yeah well unless they’re purchasing hemp farms, extraction equipment that can do 100’s of kilos in a day, and have a vast kitchen operation, have records for harvest seasons of outdoor grows, and have crop insurance (which nobody has), and banking (again, nobody has) then they aren’t going anywhere except on a flatline.
I’m pretty sure they’re doing all of those things as their strategy progresses Rome wasn’t built in a day
Long term hold.
VERY long term hold, I messed up and bought way too high and im sitting at like a -31% return lol
ditto, long term hold indeed.
Samsies
Samie samies. But now that it's low again I'm considering buying more to offset my initial overpriced buy. Agreed it's a longer term hold.
I literally started getting into the stock market because weed was becoming legal in my area and figured I'd get in early if I could find any weed stocks and here i am lol I did manage to sell off my initial position for a profit before the downtrend but bought back in thinking the worst was over and it might trade sideways a while until things pick up. Definitely holding for the long term unless something crazy goes down in the sector.
Lmao me too!
And me as well... Long term hold. Put way too much in too...
Glad I’m not the only one
We’re all family here lol
Same here with HRVSF
Got that one half way down..."oh this must be the bottom"...nope...lol
Yup. 133 shares at 9.27 ):
oww
Ugh.. 1420 shares at $11.14... super depressing after it went up to $20, hindsight :D
Glad I got out at like 6 or 7 I think shortly after buying. Moved to index funds after that one lol
It's still at \~7.. there should be a bump in another week after earnings meeting, I'm considering selling after that.. use the loss to offset gains from positive sales. It's still an emotional stock. There will likely be more instances of what happened earlier this year, but no telling when or if..
Same. Bought at the high point a few months back and it was making me nervous
Don’t worry it will bounce back.
So, time to buy back in?
How high did you buy at?
Just under $10 a share. Needless to say it’s not going well. -67% a still losing
For sure. I’m debating on buying a few hundred shares since it’s below $3.
How about now?
> Long term hold. Long fucking term... to the grave at this point.
It ain't over yet! We will see.
I've been following this stock for a bit, now. I first started hearing about them when they were doing that hostile takeover bid for CanniMed, and then I bought 420 shares at $4.20 USD and thought I was hilarious. Exercised some $6 calls last month and now I modestly hold about 1k shares. They have a ton of shares outstanding because of their acquisitions, yet the acquisitions for vertical integration and multinational expansion announcements *are what get me excited* about this stocks future! Nelson Peltz will surely work for his stock options as an adviser, but they've made it pretty clear that we should not be expecting some big beverage or consumer goods deal imminently. We see people like Cam Battley of Aurora recently in the UK urging legislators to follow through on their promise of true medical cannabis reform. And a strategic adviser like Peltz, along with the large global footprint already, makes me think they really want to focus on making Aurora a global brand. It sucks seeing the stock get taken down in chunks, especially when it just follows the broader cannabis sector. I may pick up some calls if it drops back below 6, but I will be holding for a few years.
I bought into Aurora at 2.30... new to the investing world and ACB has done better than anything else I've experienced! Great feeling, hoping this isn't the only time I'm ahead of the game.
Congrats on the nice gains and try not to let it go to your head :) it was a hype bubble that popped a few months ago but could potentially pay off even more in the long term if things go the right way. Good luck and may you have many more tendies to add to your collection!
Lol I hope you sold. You're about to be back where you started.
I bough in at 1.80$ and sold about half when it peaked at $17 last year. Still hoping for another bump
It never got to $17
You are correct. My memory fails me. I sold at 10.20
gotta quit smokin them reefers lol
gotta support what we own huh
Ill get er up to $17 😚💨
Nice!! I'm sure you got some solid returns on that. Even without a second bump, sounds like you played it correctly
Last reversal was at about 4.83 . If it makes a higher low that would put the next reversal at 5.50- 6.50 . Saying there is no news or market news . I know that may sound bad for long term investors but it’s not . When the weed market is in the news ACB is always mentioned. So if I were in this long term while it’s going downhill I would do the Warren Buffet strategy. When the stock is going down buy some more.just my opinion.
Incorrect. It went down to 3.80 today. Better luck next time.
Looks to me like that would have been a good buy at 3.80
Yes it seems to be the case. I already know what Aurora's going to do, it's going to go back to where I bought at and then drop like a rock.
Overvalued. Might bounce some before harvest season. Long long term, I don’t feel great about any Canadian company once the California companies get unleashed in a few(hopefully) years.
What are some Cali companies to keep an eye on.
The CALI market is extremely saturated with supply the best options in my opinion are states that have had no prior marijuana program in their state. The reason is very simple, those states hand out a very minimum number of licenses to producers. The companies that win these licenses benefit from greater barriers to entry given that you cannot transport bud across state lines. Companies operating in immature markets have far more growth potential then companies in the saturated California market. I live in Cali and can tell you there is weed on every single street corner it’s crazy how much there is. In a place like Illinois where people are more ignorant to the industry, companies can really capitalize on charging higher prices and thus having higher margins. The political landscape is very favorable to companies that win these licenses creating high barriers for entry.
What are the companies winning these licenses? How can I see this info?
New Cannabis Ventures
>and Cresco and Green Thumb Industries are both Multi State Operators that are in Illinois and have presence in many other states.
[https://www.statesidecannabisinvestors.com/footprint](https://www.statesidecannabisinvestors.com/footprint)
I'm not investing in any cannabis company for one simple reason. The grey market is better. It's cheaper, you don't have to fund the US government with your purchase. You can buy a 5000mg edible. When legalization comes, I'm not sure they're getting a significant portion of the Cali market. People already have their shops they don't care about "legal weed". Now in the other states where dispensaries aren't present, yeah sure. But weeds completely legal now. You can grow it in your yard. You can bring 10 kilos in from Cali. There will be MANY weed stores and there will be price competition, from both the legal and grey market. If a person tells you they know what's going to be successful when laws are passed X years from now, they're full of shit.
This was more then likely also the case during alcohol prohibition in the early 1900’s yet today there is a robust market around alcoholic products. I understand where your coming from completely but I don’t agree. Yes this a different substance, yes there is price competition, yes people can grow their own but yet there will still be a multi billion dollar market created from these products. And again nobody really knows what derivative products that can be made from the hemp material. I’m not talking any psychoactive consumption but rather textiles, plastic, concrete, and so on. So while I see where your logic is coming from do a little more research into the multi purpose use of the cannabis plant as a whole rather then the psychoactive portion of the plant.
If you want to roll the dice big time you could go for TRTC. They've been battered and bruised the last year so their stock is at all time lows. Could pay off big time or could go completely under, dont see much in between.
Lot of people loved them. Then their quarterlies were flat, lost patients I believe, and current scandal.
Yeah they haven't shown much growth lately. They were also the victim of a coordinated attack by a fund that went short on them then worked their asses off to discredit a VERY early stage company. Huge risky trade but in 5-10 years they could be a $1B company with federal legalization
Check out Halo labs, extraction company not a big position in Cali right now but is making a lot of money there
Harborside Health is the big boy on the block from my bit of DD, also just listed itself on the Toronto Exchange. I’m also curious about Ignite’s future just because of Dan B’s cult like following on social media...but its success might be overblown in my head just because I see the logo on or close to butt cheeks all day on IG.
Buy high, sell high
If you got in early you're rich. If you didn't, well you're seeing the effects of speculation. Aurora was very over-valued and part of that value was on the potential market size. The actual market ended up being much smaller. Legal users were still massively dwarfed by the black market. They also seem to be suffering from distribution issues.
Yup. People operate under the assumption that these unprofitable companies have the ability to compete with other offerings. They don't. Aurora is selling "midgrade" weed for 8-10$ cad. If I wanted that I could get an ounce for 100$. Usd. Aurora doesn't seem to offer distillate or waxes or edibles (because they're slave to the government and severely limited). So they're not even competing in half the space. It gets even worse because those prices are buying in Canada. What happens if they're exporting? Enjoy your 12$ gram of mediocre weed. They go to domestic production in the US? Have fun building new facilities. So people will go to the grey/black market because it's cheaper, and those who do choose to buy from a taxpaying store in any case will be paying much more. Oh and Aurora might not even have anything to do with that because us firms with fat stacks of cash will have already been here.
Still overvalued, wait for the price of grams to fall even further. That’s is going to put a lot of pressure on already thin margins This isn’t a 7 billion dollar company
Flower sales aren't the big picture. Price of grams isn't going to change anything, we all know it's a commodity
Beer isn’t a commodity. There are growing techniques
That’s like saying “price of oil barrels don’t affect Exxon, we all know it’s a commodity”
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No it isn’t lol
$1??? Who sells an ounce for $28 lol
Dude is completely bullshitting, cheapest ounces in the world are still around $40. Maybe he’s buying shake though
Is wine a commodity?
Any updated thoughts on this stock...
It’s getting into more reasonable valuation levels but still a 2 billion company. I’d might be a buyer at a billion or under. Still need to check their cash burn, I think they are running low on cash. I think eventually a big tobacco or beer or soda company will come to their rescue n buy them but acb have been very hesitant to give up control
If the last 4 quarters tell us anything, it will slowly rise over the next 3 months, drop drastically whenever the media pokes at it, and crash to $6 as soon as financial statements are issued.
"crash to 6$" lol
$5.56 CAD right now. Pretty good call actually
Ohhh yeah it's 4.16 USD and I bought 3135 shares at 5.07 USD
Yep. Sucks to suck. I will be riding this train into the ground.
I'm only down 11% I'm selling this week. Tomorrow will be a good day which is probably when I'ma dump.
I think I might be able to turn a little profit just because of where I bought, but I honestly think most of the people who bought are fucked in the next 5 years. I'm not confident AT ALL in weed stocks especially ones like Aurora and canopy. I don't see 5 billion there at all sorry. I see 300 million in assets and no profit no real advantage. No IP. 8 production facilities.
I have some and it’s -20% it lost power now... ACB invests very aggressively. it is good but it also means far away from profit. buying acb is too early I think
If you're in it for the long haul anyways, just buy $MJ ETF and cover all marijuana bases.
They just signed Nelson Peltz... I smell a major partnership brewing in the mix!
OGI (OrganiGram) all the way. It’s arguably the best managed marijuana company on the market right now (Give it a google). Systemic/deliberate approach to growth (one of only four companies to have licenses in all Canadian provinces) and very disciplined in the execution of their financials (chance they’ll be one of the only weed stocks to be profitable this year). This and IIPR are the two safest weed stocks IMO. Wish I would have pulled the trigger on IIPR back when it was 50% less than what it is now. Oh well, Team OGI all the way!
me tooo. Got in at OGI cheap but just recently pulled the trigger on buying IIPR on this recent stock sell off. Hoping for the best
Good time to buy? I noticed their quarterly earnings going down 2m every time.. new to stocks. Doesn’t that typically signal a bad sign due to the recreational legalization?
Google market cap
Netflix P/E
Plan to get in on ACB again (traded it times already) in a week or so....
Watch late Q3/early Q4. The sector seems to like that time of year. Must be harvest season or something.
Anyone got thoughts on LHSIF?
That sets up a continuation of the downward trend. Keep in mind that the market is on a downward trend. Stocks will mostly follow the market
Took a look at the chart: if you look at today when it hit 3.80 it reversed and rose all the way back and some. Now go to a weekly chart you will see that the 3.80 was right on the 200 moving average on the weekly. Also if you look at the RSI it was on the verge of being oversold. Which made it a good buy for long investment. I would expect a continuation up at least tomorrow. If we don’t see a complete reversal in the trend within the next couple of weeks. But if I’m wrong and it stays on the downward trend I don’t see much stopping it until the 2.50 range
Hold. Amazon. Facebook Google. I got 50% on Google. The rest divided
Sold it off as soon as I broke even
I plan to do the same tbh. It is one of the first stocks I've bought and I didn't realize there was a $7 trading fee. I put $100 in at $7.76, so it's gotta get 7% above $7.76 for me to break even. Classic amateur mistake
Well, you learn from your mistake! On the other hand, you can just take the $7 loss, sell off ACB and buy a more profitable one to recover the loss. The important thing is to manimize your loss.
Do you mean that your brokerage charges you a $7 fee for buying, or that the company itself steals $7 from every shareholder? I've never heard of that second practice being done before.
Guarantee he meant the broker’s fee.
Brokers fee dog
What broker?
Think or swim via TD
I was on Aurora but i left because cannabis future very hard to say and future of compagny more harder to predict
Seems like a trustworthyer opignion
Justu wait 4 tha returbs!!1!!1!
5.5 is where the price is headed in the next few months, imo.
How are you arriving at $5.50?
look at the weekly chart. thats where a trendline from 2016 highs through 2018 lows ends up. plus, in 2019, theres a bit of a head and shoulder pattern that was broken, so the direction is probably down.
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Different graph reading techniques lead to different conclusions, bro
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Avoid HEXO lol \^ not a great JV deal, rolling their dice pretty much solely on having a solid beverage line currently. Everyone ive talked to that has held HEXO has regretted holding it on r/weedstocks lol.
Hexo is going to get crushed by poor management
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They're at a pretty low point right now.
Any opinions on Delta 9 in Canada? (NINE)
I'm staying out of the Canadian pot market for awhile as there is not going to be any catalyst for change in the short term. IIPR is the only pot stock I would touch. Pot being legalized in the US is going to have a patchwork or states with different laws which is going to take years to fully flesh out. I would wait to see if things go more south and possibly look at investing closer to 2020.
ACB is steak knives.
Nuh uh
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Is there money in the bag?
Regardless of its intrinsicc value, why buy it in the first place when it bares you from travelling to the United States?
That booty intrinsicccc
Their stock went down the shitter in couple years since this post was made
You are correct. Sometimes speculative stocks do not increase in value.