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IMO, all those cannabis stocks, and more, have the same chart because the central bankers run the show. Tomorrow is Fed day. 75 basis points? 150 basis points? It seems that "the market" may be happier with higher rate hikes, even if it is counterintuitive to normal people, because "the market" is mostly made of bankers. Cannabis stocks could respond as well. We shall see.
"‘Rip off the Band-Aid’: Wells Fargo makes case for 150 basis point hike at Fed meeting":
SEP 20 2022
https://www.cnbc.com/2022/09/20/fed-should-hike-interest-rate-rates-150-basis-points-wells-fargo.html
OGI HIGHLIGHTS FROM THE PREVIOUS QUARTER...
July 14th, 2022
Organigram Reports Third Quarter Fiscal 2022 Results
Achieves fourth consecutive quarter of record net revenue and continues growth as a leading Canadian LP in recreational adult use market share
HIGHLIGHTS
Achieved gross revenue of $55.2 million, up 90% from the same prior-year period and 26% higher than Q2 Fiscal 2022
Continued record growth in net revenue, reaching $38.1 million, the highest in the history of the Company, up 88% from $20.3 million in the same prior-year period and 20% from $31.8 million in Q2 Fiscal 2022
In Q3 Fiscal 2022, achieved #3 position among Canadian licensed producers with 7.8% market share. In June 2022 the Company had 8.5% share of recreational adult use market 1
Continues to hold #1 position in dried flower, the largest category of the Canadian cannabis market and the #3 market position nationally in gummies1
Introduced 16 new SKUs for a total of 85 SKUs in market
Increased market presence of successful SHRED brand with the introduction of SHRED-X vapes, SHRED-X kief-infused blends and SHRED'ems POP!, gummies in the classic pop flavours of cola, root beer and cream soda
Expanded distribution of Tremblant hash to all 10 provinces
Added to the Monjour wellness brand with the launch of CBN Bedtime Blueberry Lemon, a sugar-free gummy that contains the cannabinoid CBN, along with CBD and THC
Shipped approximately $1.3 million of high margin flower to Australia and, subsequent to quarter end, shipped approximately $5.4 million to Australia and Israel
TORONTO--(BUSINESS WIRE)-- Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI), (the “Company” or “Organigram”), a leading licensed producer of cannabis, announced its results for the third quarter ended May 31, 2022 (“Q3 Fiscal 2022”).
“We are pleased to see continued strength in our recreational business with our increasing market share. We achieved record net revenue results which we expect to surpass again in Q4 on the strength of new product listings, increased retail sales momentum and international shipments,” said Beena Goldenberg, Chief Executive Officer. “We have built an enduring brand with SHRED that has proven to attract consumers across multiple product categories. This market strength is bolstered by introducing new SKUs in the derivative space, including Edison JOLTS, which are now available in three flavours, Edison live resin vapes, Tremblant hash, and Monjour soft chews in the wellness segment."
FOR MORE INFORMATION: https://investors.organigram.ca/press-releases/organigram-reports-third-quarter-fiscal-2022-results
More links on the Canadian short selling stuff. Funny how the timing of all these things always seems to go together...
"The IIROC Short Selling Debate":
Sep 6, 2022
https://investorintel.com/investorintel-video/will-new-guidance-on-short-selling-from-iiroc-have-any-effect/
Regarding shorted cannabis stocks, many stocks are dual listed in the U.S. and Canada. The Canadian big boards, TSX, seems to have a lot of shorting that goes on. Here is $CWBHF($CWEB)...
https://shortdata.ca/stock/CWEB.TO
IMO, plenty of cannabis stocks can be squeezed. I'm not that familiar with Canadian rules, but it does not seem like "the $2.50 rule" applies up there.
"'Canada's IIROC Gets Serious About Naked Shorting: What Could It Mean For Cannabis, Psychedelics, Meme Stocks?":
August 18, 2022
https://www.benzinga.com/markets/cannabis/22/08/28556574/canadas-iiroc-gets-serious-about-naked-shorting-what-could-it-mean-for-cannabis-psychedelics-mem
Keep an eye out for an FDA response on CBD in October...
"Griffith, Guthrie Call For Answers From FDA":
SEPTEMBER 19, 2022
lol, Meant "At The Market", not "At The Money".
Oh and the 2021 $137mil loss that's stickied on the $CWBHF board was mostly($90mil+) just a write down triggered by the low stock price, and not an actual operational loss.
$CWBHF has an option in place to acquire the Stanley Brother's Marijuana company and it is set to trigger in the event of either Federal legalization or whenever the exchange they trade on allows it(TSX, OTCQX). There is no dilution at all, and there has not been any in 2022. They had an ATM(At the Money) program last year that caused some dilution, but became an SEC reporting company in 2022, and are not eligible to use the ATM program again until at least 2023, so there will be no dilution for at least the rest of the year. They have no convertible notes. There are legit shorts who can be squeezed. CBD market leader. It's a good cannabis legalization play, as well as a good hemp play...
https://www.stanleybrothers.com/our-brands
https://www.prnewswire.com/news-releases/charlottes-web-positions-to-enter-us-cannabis-wellness-market-301239203.html
"Nevada’s drug classification for cannabis ruled unconstitutional":
Sept. 19, 2022
$SHWZ $1.40 Opening-8-more-New-Mexico-Dispensaries!>>
https://www.koat.com/article/new-mexico-cannabis-license-sales/41011144#
Disclosed in interview with New Mexico division president, Steve Pear. "With the increase in sales, Schwazze plans to expand more locations throughout New Mexico. Those locations include Albuquerque, Los Lunas, Sunland Park, Alamogordo, Ruidoso, Clovis, Carlsbad and Hobbs."
Schwazze recently posted huge revenue increases with NET PROFITS!
$EDXC - Endexx Corporation posted financial results for the third quarter of fiscal 2022 that saw its revenue jump 246% year-over-year as sales continued to rebound and expand into mass retail and pharmacy stores.
In addition, Endexx reported that revenue for the first nine months was $947,428, an increase of 127% compared to $416,094 in the same nine-month period in fiscal 2021.
https://www.proactiveinvestors.ca/companies/news/990143
OGI~"Ottawa on track to spend $200M per year... on cannabis for veterans" https://vancouver.citynews.ca/2022/08/07/ottawa-spend-200m-year-cannabis-veterans/
I did, you should read my post
$EDXC - Endexx Corporation emphasizes becoming a competitive player in the premium Men’s Skincare and Grooming category. With the expansion into select Target stores nationwide, Endexx is now in over 8000 Mass Retail stores in the US. Also, they're in four of the top eight retailers in the USA. $EDXC got a spike today, get in!
https://www.globenewswire.com/news-release/2022/07/19/2481808/0/en/Endexx-s-New-Blesswell-Skincare-Line-Introduced-in-Select-Target-Stores-Nationwide.html
$SHWZ.96"One of the Fastest Growing-One-of-the-most-Profitable" CEO Justin Dye
That's good enough for me!
OGI Great time to grab some.
$TLRY hit new 52 wk low - $3.04- REVERSING-HARD-NOW>>> Tilray always leads weed stock rallies, and the next time will be no exception. Let the meme stock reddit folks get on it also... well it ran over $70/share last time... Hard to ignore it down here now!
Endexx Corp - EDXC spiked 142% today. $EDXC is expanding its product range, which is generating more income than ever before. Marijuana is also fast becoming legal. EDXC is ideally positioned to leverage this.
https://pubcoinsight.com/2022/04/05/the-more-act-passes-the-house-floor-vote%ef%bf%bc%ef%bf%bc-2/
According to the Nielson Rating system, Endexx Corp. - EDXC is highly ranked in the CBD industry.
https://fb.watch/cvJGhWxu7t/
Endexx has been in the CBD game before it went mainstream. Unlike other emerging cannabis brands, Endexx is already on store shelves with several different product lines. You can find their goods at nationwide chains like Walgreens or CVS, in addition to multiple different online sites. Perhaps most bullish for Endexx is its foray into pet and veterinary CBD treatments.
https://pubcoinsight.com/2022/04/05/the-more-act-passes-the-house-floor-vote%ef%bf%bc%ef%bf%bc/
$OGI Often goes to around 5. Canadian it`s...... hovering around 2.20 Canadian right now.
Currency Converter
https://www.bankofcanada.ca/rates/exchange/currency-converter/
Aren't they all? lol
OGI shares are affordable right now. Always good:)
$KOSK One Step Vending, Corp. is a holding company focused on the acquisition of market-changing and disruptive business models with an emphasis in the marketing and distributing produce as well as in the self-serve vending market. Currently One Step Vending, Corp. owns 51% of E-Roots Systems (Abbotsford), Ltd. markets and distributes the produce from vertically integrated farms purchased from E-Roots Systems, Inc., owns 10 vending machines designed to offer CBD and potential cannabis products.
$FCGD.0007-Michigan's-NEWEST-CANNABIS-COMPANY-WOWSERS>>>
CEO Jones and Advisor Burhoe were-going-to-implement-this-business-plan with FONU, however the dirty shell and lawsuits caused them to abandon that idea and switch to $FCGD with a clean shell.
People may remember the huge run that FONU made while they were considering that stock... Well... here we are...
This info came from linked in...
Endexx Corporation - EDXC is setting itself apart by maintaining an active approach domestically to reaching more consumers. Endexx is moving towards having a substantial presence in retail locations. It Corporation is active in the sector and is charting a path to a presence in 20,000 retail stores. The hemp market is showing no signs of slowing as word of mouth and intelligent marketing make the products increasingly visible.
https://influencive.com/endexx-corporation-dominating-the-market-with-its-hemp-derived-products/
#DDAmanda Chart on: $BLSP :
You can scan for these before they run.
What the Fact (Factor) Column is:
The Factor is a proprietary indicator used for scanning in #DDAmanda.
It's defined as Today's $Traded divided by the average daily $Traded (20 day avg).
SO, if a stock has say a 10 Factor that day, it means she traded 10 Times the $ she normally trades.
That's significant, and many times indicates that a run in the stock is coming.
OGI Time to buy for annual spring run.
$SHWZ-Interview with SCHWAZZE CEO Justin Dye today at 5 p.m.
I'll be hosting a Twitter Space interview with @Schwazze CEO Justin Dye on TODAY at 5pm. YOu can set a reminder here: https://t.co/FuwQSBJD3t$SHWZ #Colorado #NewMexico #MSOGang #potstocks #weedstocks #marijuanastocks #cannabis pic.twitter.com/coOKHO08yl
— MJ Stock Trader (@stock_mj) February 1, 2022
OMID.0608.HUGE 4Q OUT.WOW.OMID Provides Fourth-Quarter and Year-End Financial Highlights
February 01 2022 - 10:00AM
InvestorsHub NewsWire
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Phillipsburg, NJ -- February 1, 2022 -- InvestorsHub NewsWire -- Today, OMID Holdings, Inc. (OTC Pink: OMID) is pleased to share the results of an initial financial review of its fourth-quarter operations. The Unaudited Key Financial Highlights are provided below for the Fourth Quarter as well as the Year which ended on December 31, 2021.
Operating Results for the Fourth Quarter of 2021
Revenue for 4Q2021 was $1,179,409 compared to $1,084,325 for 3Q2021, a 9% improvement. In addition, 4Q2021 Revenue increased by $690,263 or 141% from $489,146 for 4Q2020.
Gross Profit for 4Q2021 was $590,749 compared to $488,397 for the 3Q2021, a 21% improvement. In addition, 4Q2021 Gross Profit increased by $303,663 or 106% from $287,086 for 4Q2020.
Net Income before Income Taxes* for 4Q2021 was $469,034 compared to $422,729 for 3Q2021, a 11% improvement. In addition, 4Q2021 Net Income before Income Taxes* increased by $228,510 or 95% from $240,524 for 3Q2020.
Operating Results for the Year of 2021
Annual Revenue for 2021 was $2,768,543 compared to $1,330,068 for the prior year, a 108% improvement.
Annual Gross Profit for 2021 was $1,351,704 compared to $649,435 for the prior year, a 108% improvement.
Annual Net Income before Income Taxes* for 2021 was $994,521, compared to $425,757 for the prior year, a 134% improvement.
“OMID’s financial highlights, which detail record revenues for both the fourth quarter and the year of 2021, convey a narrative of profitable growth organically-fueled by business operations. We inherited an ‘Accumulated Deficit’ as a direct result of our reverse merger with AVOP and I’m proud to say that we’ve converted this term on our balance sheet into ‘Retained Earnings’ - a goal of mine since day one. Having officially pulled this off, our future ambitions begin with an uplist to the OTCQB.” stated Adam Frank, Chairman & CEO of OMID Holdings, Inc.
Please use the following link to view a short video with the CEO regarding these financial highlights:
Now in 44 states, EndexxCorp aims to have its products in 20,000 stores by the end of 2022. The promise is big, hope they are able to fulfill it. Now $EDXC is 0.4, thinking how much it'll be by the end of the year if everything goes planned........
EndexxCorp is going into new markets, recently entered in #Jamaica as it got licensed from the authority. $EDXC should really keep going up as its International Division does!
$OMID number 1 on the break out board a couple days ago.. currently still on the breakout board
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