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Tip of the cap to you 1990.
I never take internet advice. After what you said on the Aphria board I had my financial advisor run the numbers on GRWG again and I admit you are right. This company is a very, very good hidden treasure. I will be taking an initial position soon.
Absolutely wonderful. This is the domestic stabilization this stock needed. This is now locked and loaded.
You're welcome. I had a chance to purchase Kush or GRWG but I passed on GRWG because Kush's numbers were better for me. It's really like trying to pick which child you like best. In the end they're both great. And they occupy different parts of the market. That was a factor for me. I passed on GRWG because there is a good amount of competition with what they do. Kush has very little competition. As a matter of fact, I tried to find any competition that equalled Kush and/or would occupy their California/Nevada area and the best I could find was Sugarmade. Sugarmade isn't close yet.
Kush has also raised their assets from just over 5 million to over 46 million in a 1 year span. And their revenues went from 8.2 million to 18.8 million in the same year. That's phenomenal for such a unique market.
GRWG is doing well also, but for me Kush checked more of the boxes that I was looking for so I considered it the better investment. I will, in the future consider GRWG though. It has had a great week.
Hey twister, you and 1990 seem to be level headed on this board. I love the Canadian stocks and I typically avoid the US stocks in the mj sector. But I'm going to do something for you and this board that I never do...
KSHB (Kush Bottling).
It's the only US mj stock that I want to touch right now. It's worth it.
Cheers
Hi Cjv.
You are correct about news coming out last week. It came out late Thursday, but I personally don't think the market caught up to it until today. That's because of Black Friday in the US and all. I believe once people realized what happened it reflected on the outcome of today.
My opinion on the TSX ruling.......I'm not sure that some of this news that keeps coming out isn't a ploy. Most of the news is recycled from older news but it plays into the fears of some investors. Why? I don't know. Maybe they're not smart enough to read the dates on the page or they are just pre-disposed to believing this stock is going to drop. One thing is for sure, there is no material predictability to anything the TSX says right now.
Yes, this stock is worth doubling down on. The only thing I don't like right now is that I believe the share price is at it's maxim for now. It could go higher for sure but it'll have to justify it.
One thing I'm absolutely not concerned with is that when all of these international investments start reporting (middle 2018?) not only will this share price be justifiable, but it could be 2.5 to 3 times it's current value...easily.
If you project 3 years into the future....holy moly. International behemoth.
I have an equal footing in Canopy, Aphria and Aurora, but, all for different reasons. I like Aphria on the international market best right now. That's why I believe Aphria is calling the TSX's bluff on delisting.
Now, you put Canopy as part of the delisting (no one has, I'm just referring to their ties with the US company Constellation)......not a chance. No chance the TSX let's 2 of the biggest players in the world walk away. Hundreds of millions walk out the door with them. No chance.
And to cap off this sweet, sweet day, there is a rumor going around that the TMX will revert to it's original decision and clear all trades of companies with U.S. exposure. Lollerific
The panic was that Aphria was too unstable because of U.S. ties. The TMX/TSX couldn't find it's spine after they told Vic to his face that all would be good on August 21 and then Bruce complained in early November. The TSX bellowed like the Big Bad Wolf and investors panicked again. Then Constellation dropped a cool quarter billion on Canopy. That's billion with a "B". "B" as in bullshit.
Constellation then told Canopy that they wanted to start a new line of cannabis infused drinks.
Problem? Constellation is in New York. That's New York, USA.
Cue the crickets........
Boy, I'm glad no one on here succumbed to panic.
I remember a few months ago I sold half my stake in Aphria over the ridiculous TSX threat. I was essentially told that Aphria was too uncertain and that it was going to drop. I quickly came to my senses and realized that nothing was going to happen.
As it went up each dollar, there were the ominous warnings again. But they grew into faint whispers.
I bought back into Aphria at half the price it is now and since the "Great Panic of '17" I have now doubled my investment. Even though I warned a few......it didn't take. No, no, no.....this was too uncertain.
Yes, twister, there was news. Health Canada awarded Aphria a prestigious international license. Those aren't easy to get. That's why it went up $1.73 US today. It's a big deal.
Life is feeling good right about now.
Twister, it sounds like you've got a good thing going on. As I put on this board months ago, I have an advisor that sits down with me to review all investments. I didn't want to get into marijuana stocks because they seemed too risky. But once the revenues started piling up, we couldn't ignore reality.
I have a few U.S. cannabis stocks as well but only in the supply chain side of things. Because the U.S. still doesn't allow it federally has held me back for now. I do believe that U.S. stocks will be profitable but I believe that profitability will come from companies that are involved in packaging and shipping. So, that's what I'm invested in when it comes to pot stocks in the U.S.
I did get a chuckle out of the Canopy/Constellation thing. A lot of hand wringing has been devoted on this board to Aphria and their "ties" in the U.S. And then Constellation invests nearly a quarter of a billion in Canopy. By the way, Constellation is headquartered in New York. That's in the U.S. Yet, no consternation. Giggle, giggle.
And if you think Constellation invested 241 million in Canadian dollars for the privilege of just being a shareholder in Canopy.....then I have beach front property in Kansas that I would love to sell.
Hi Nick,
I post here very sporadically. My advice to you is if you are worried about the TSX decision then don't buy into the stock. There's alot of misinformation on these boards, so use your best judgment.
If you want insight, the best that I can tell you is that Aphria and the TSX have a two and a half year relationship. Aphria's CEO recently sat down with the head of the TSX and the meeting was positive. Vic (the CEO) seemed to feel great about the meeting per the things he said shortly after the meeting. I'm not linking articles because a quick Google search will get you what you need.
My opinion....no, there's nothing to worry about. If there were more to it, things would've have happened by now and the stock itself would've suffered. The fact that this stock continues growth and declines like the others in the sector shows me that investor confidence overall is just fine.
I've spilled alot of digital ink in a few of my posts pointing out the flaws people that say this stock is in trouble here have.
In all fairness, I have an equal positional holding in Aphria, Canopy and Aurora...and a few smaller ones. I am as worried about Aphria as I am Canopy. Which is to say not at all. The vast majority of investors here think the same way I do. Most have absolutely no concern about the TSX and Aphria. We've figured out long ago that it will amount to nothing. Feel free to disagree.
Two things caused the price drop
1- Raising 80 million and using stock shares to do it
2- Report that the TSX was considering de-listing companies with ties to the U.S. where marijuana is "federally illegal"
I received a report earlier that had Vic's response to the TSX today. It went very much like this
Will Aphria be leaving the TSX?
Vic: No
Will Aphria back away from their investments in the U.S.
Vic: No
The report implied that Aphria was willing to sue the TSX. It was Vic's way of saying go f**k yourself for lying to me.
Yes sir, Vic. Be a boss......
It's been a while since I've been here. So here we go again, huh? Wash, rinse, repeat.
There's so much excrement to wade through it's hard to know even where to begin. I see nothing has changed with a few posters here though.
1- Aphria isn't being delisted...without some explaining.
Why? Because they've been running this program for 2 years under the same organizational guidelines. It's hilarious to see people throwing their hands up in total shock and awe that Aphria has just now broken the laws. What laws? Can't say because they don't exist. When did they break them? Can't say...because the TSX approved Aphria 2 years ago and stood by every time Aphria moved into the U.S.
TSX now? "TU QUOQUE!!!!!"
TU F*****G QUOQUE!!!!!......indeed.
Spare me the pseudo melodramatic bullshit
The TSX must be ran by someone with mental capacity akin to Barney Fife.
2- Aphria broke no laws.
Why? Read the above again.
3- Google "August 21st TMX decision and Aphria response" and see what you get.
Then let the hilarity about today's events ensue.
4- I know what this is. It's a CYA moment.
The TMX/TSX is fielding calls right and left about Aphria in the US. The head of the organization is under the gun to show he has some nuts.
Watch the video on BNN with Vic today. "have you received a phone call about today's decision? No. It's a total sideswipe."
Of course it was Vic. The dude told you on August 21 that you had nothing to worry about and that no punishment was coming to you. Proceed with business. What else were you supposed to think? You were sideswiped because they weren't honest about anything and didn't want to man up and face you.
As far as this being their "second warning"...
False. You have to have a first before you have a second. Not sure what they're teaching in mathematics courses these days, but that should remain a constant.
Bruce Linton called and whined about Aphria. The TMX said they would review it. They did. They cleared it on Aug. 21. They called Vic and informed him that he was good to go. There was no "warning". They fielded complaints from other companies. That is clear from every article addressing the situation over the summer.
Hey Vic. Let them delist you. Take the hit. Let the price drop. Go to a more competent exchange and keep the tens of millions in revenues you will earn in revenues every year in the US. Short term pain, long term gain.
And let Barney figure out where he put his bullet...
Impossible.
No way the TSX will allow this. No way Aphria can do business in a country where they're federally breaking the law.
No way. No way the TMX/TSX will allow this.
"We are pleased to receive confirmation from the TMX group that there is no ban...."
No way. No way the TSX will allow a company in the exchange that has dealings in the US where it's federally illegal.
"Aphria has had marijuana related activities in the US since 2015"
No way. No way would the TSX knowingly allow a company that was BREAKING FEDERAL LAW. That will just ruin the image in my head of Vic walking though an airport with a briefcase full of cash like Pablo Escobar. No way.
"which was approved by the TSX Venture Exchange prior to its closing."
"which has been reflected in its continous and timely disclosure record..."
Oh shit. Hang on a minute. *Looks for book of excuses*....*Found it*
But IT'S FEDERALLY ILLEGAL! YOU CAN'T BE A PART OF A BUSINESS THAT'S BREAKING FEDERAL LAW!
"For all US based operations, both Aphria and Liberty are operating in compliance with the official guidance from both the US Treasury Department and the US Department of Justice..."
No. NO. NO! There's ABOLUTELY "no way around it".
"through banks compliant with the federal government directives."
There's just no way. Vic F'n messed up. Just no way.
I have a little time on my hands tonight and I don't know why, but I feel like responding.
What I'm about tell everyone may seem unrealistic, but it isn't. I oversee several business ventures.
And really, I'm posting this because of one thing you said Maddstacker about business and federal laws. I know you don't know me, but you're in my wheelhouse now.
"well I guess all stocks can break federal law, right?"
Well.....Yes. Many times.
I know you meant that as sarcasm but that statement actually revealed what little you know and it told me that you don't work in business. I don't mean disrespect to you, it's just a clear observation
I do business with many CEOs. Some for and some with. In May, I helped facilitate a negotiation in Louisiana with a hazardous disposal company that I personally have helped in my command. The company makes a product that is amazing. The problem is that we had an opportunity to dispose of it in a way that is financially profitable but federally illegal. But it is statewide legal in Louisiana. After conferring with the EPA two times this year, once in February and the other in May we received approval.
Federally illegal, but legal in Louisiana.
Then in June, I negotiated 3 deals with foreign firms. Two are in China and one in Canada. These deals involved private companies. Those firms do business in the US as well. China has so few regulations that we can pretty much do whatever we want. The Canadian firm however is different.
In June, another CEO and I negotiated a private company from Canada to do business in the US. Some of the things they do don't match federal code. So we negotiated an arrangement for them to do business in a state that the federal government will allow state override. What they were asking was in which state could they operate to where it would be legal. So when Aphria did this I knew exactly what they were doing.
Two weeks ago I spent 3 days in Langley, Virginia at CIA Headquarters. I was hoping to get a meeting with Chief Director Pompeo but because President Trump is a very, very needy individual, I couldn't meet with him then. I was there hoping to secure federal contracts for another business. Just to say that the federal government and it's way of doing business is absolutely no stranger to me.
In the second week of November, I will travel back to Washington to which me and a couple of others have a personal appointment with Vice President Mike Pence. Once again, I will see if I can gain federal contracts for certain companies. I spent the first 3 months of this year negotiating deal for civilian companies to outsource jobs with the Department of Defense.
I say that to say this. When, you make a comment like private companies can't break federal laws......then you don't know who just stepped in the chatroom. Be very careful about making claims you know absolutely diddly shit about.
The reason I post this is because I believe there to be very sincere investors on this board. You post articles that support one view. You have willfully ignored what is not convenient for you.
Don't you find it odd that my first post ever was in response to an article you thought was negative, but I said was positive and then 10 hours later there was a resolution in favor of Aphria? Ponder why I chose that moment to comment for the first time.
And one last thing. You said that Bruce Linton will sue. I couldn't help but have a good laugh there. I want to let you in on the world of how many of these people do business. The average Joe thinks they can just do things like "sue" because they're free to do so.
Here's how that moment will actually go down. Because I have seen this more times than I can count:
*Phone rings*
Head of the TSX: Hello?
Bruce: Hi yes, this is Bruce Linton and want to talk to you. I'm very upset and am thinking of filing a motion........blah, blah, blah.....incoherent rambling for 5 minutes.
Head of TSX-phone on shoulder: *to secretary* Hey get me the tuna mahi.
Bruce: ......and I just can't believe......another 3 and half minutes......so where do we go from here? What is our next step?
Head of the TSX: F*** off Bruce
*Dialtone*
Bruce: Uh...yes maam, uh, um...hello?
Next day in the Papers
Mr. Linton unhappy with result but accepts TSX decison.
Head of the TSX: Yes, we sat down and came to as best of an understanding as we could. Unfortunately, we cannot make everyone happy.
Next time stick to actual facts and things you know. You will do well with those things
Oh there's lots of ways around it.
You must not live in the US. I don't say that with derision, it's that it appears you don't understand states rights laws and federal law. You can break a federal law and and yet still be in keeping with a state law. States rights have always been a big thing.
One of the best examples is Massachusetts being the first state in 2005 to legalize same sex marriage. It was federally illegal, but it was recognized in Massachusetts and the federal government let them have that right. The federal government didn't legalize same sex marriage officially until 2014.
Texas has open carry gun laws that would get you arrested in any other states in the U.S. Federal government let them do it.
And as for it being "illegal", then why have states like Colorado, Oregon, Washington and 23 other states have laws on the books for that the federal government deems illegal. These states are breaking the law. Someone needs to stop them. Oh, wait, the government knows and let do it.
"The TSX isn't going to allow a company to break federal law"
So what is Aphria still doing there?
"The TSX isn't going to allow a company to break federal law".
So what is Aphria still doing there then?
California will be fully legal on January 1, 2018. The feds aren't stopping them.
North Carolina, one of the most conservative states in the U.S., has on its ballot for November and is voting to legalizing medical early next year. The feds aren't stopping them.
And I say this, because this is my last post today. People keep saying "illegal". Well, the TSX disagrees with you. And that's really whose voice matters most.
Go ahead and sue Bruce. You need that bag of shit.
Edit: You really believe the TSX hasn't cleared them yet? Wow.
Check Aug 21. You'll find articles dispelling that. And Aphria's response. I like you, but your obviously wrong. You are ignoring those facts or you are willfully rejecting them.
1990
Bingo. You nailed it. I sold half thinking it would drop significantly. When I quickly came to my senses about everything I posted a few moments ago, I quickly bought back in.
Sometimes a person just has to admit they made a mistake (like I did) and quit looking for ways that something will fail.
Someone on Canopy's board posted an article from Aug 18 to justify that TSX may delist Aphria. That was around 2pm Aug. 21. That means that they posted a link to something that 7 hours earlier had been resolved.
Good news maddstacker, Aphria isn't being delisted. We all win.
Monolith,
yes it's absolutely genuine. I make nothing more or less than what it is because I like to be honest up front.
And this is not for you Monolith, but the board here in it's entirety:
I really am confused on the "breaking of the law" thing that keeps getting tossed out there. Totally confusing to me. This has been perpetuated on Canopy's board as well.
For Aphria to have broken TSX regulations several possibilities would have to have happened:
1- Vic would've had to have been secretive about his expansion plans in the U.S. before the listing to the TSX in March and then disclosed them after the up listing
2- Information about Aphria's expansion would have to have been withheld from public viewing
3- The TSX would have to be complicit with Vic with misinformation about plans of U.S. expansion
4- Somebody is getting paid off to allow corruption that no one knows about, which would lead to firings of the board.
Here's what I know:
1- A simple Google search will reveal that on October 27, 2016 Aphria announced a purchase in the stake of Copperstate Farms in Arizona. That's five months before their application to be up listed to the TSX.
2- January of 2017 Aphria announces plans to close a deal with Chestnut Hill by March. Then they complete the acquisiton ofsaid plans days after being vetted and up listed by the TSX
3- The TSX confessed that the wording in the rules was ambigous and needed clarification.
4- The TSX took five months to investigate this accusation that Aphria was breaking the rules. That clearly shows even the TSX didn't believe there was a clear violation
and that leads me to the coup de gras
5- At 7:32am on the morning of August 21 the TMX and TSX cleared Aphria of any and all suspicion of wrong doing and by 8:16am it was making it's rounds in the media.
So, either the TSX is the most incompetent stock exchange on the planet that can't even do a simple Google search to find what companies they are vetting own, or Aphria broke no laws.
To imply Vic is breaking the law is to indict the TSX more than it is to indict Vic. They knew everything. They had to. That's there job. Vic made it public. He hid nothing. He broke no laws.
That's why the TSX came out 7:32am the morning of August 21 and cleared Aphria. That's why Bruce is mad. Vic beat him to the punch.
And as far as Bruce "suing the shit" out of TSX.....go ahead. I'm sure the judge will award him said shit in a nice sized paper bag. Bruce can use that to help as fertilizer. It'll help him cut a little production cost, which clearly Aphria is beating him at also.
Mr. Rhino,
Not that it matters much, but I've been in senior management for 25 years come this November. I have been and currently am the chief executive for the last 10. I celebrated my 10th year this past June 10th. I never give more personal details than I should and I tell you that to say this.......it's my job to pick the winners from the losers.
After so much time passes doing the same thing, a person actually gets quite good at such a task. Or they don't. In which case they rarely advance.
I was very hesitant to get in the cannabis market. Of all the stocks that I have ever owned, these are easily my riskiest ventures. But I also know an opportunity when I see it. This market is going to be one of those opportunities that so many people will look back at and kick themselves for waiting to get in. You have to have astute foresight. That separates the talented from those that aren't.
When my financial advisor came across this stock we ran the numbers. We did our due diligence and found that Aphria was/is amazing. I'm not a cheerleader for any one stock. This company will make money hand over fist regardless of whether anyone on this board or any other buys in.
But Aphria is a winner. So from one investor to another please allow me to say you made one mistake but it will turn out well for you.
You bought in at 5.84 because you got caught up in the euphoria of the market in April and you bought at its high momentum swing. That was your mistake. Many more will make that mistake before all is said and done. But you will easily surpass that 5.84 because you bought a great stock.
And one more step further, I think you are wise not to own too many stocks and to reinforce the ones you really believe in. You will do well.
My definition is that in the first hour it was down .30 cents. to me, yes that is tanking hard. Considering that Canopy had not had a drop like in such a short amount of time in quite some time and it had no reason to drop that significantly, that, once again, is tanking. Especially considering it is a stock less than $7 US, a 5% drop in stock price in less than an hour. As a shareholder of Canopy for longer than I have been of Aphria, I can honestly say that 5% drops in less than an hour hasn't happened for me very much.
It did rebound a little.
Bigger picture is that it was extremely positive news for Aphria. We couldn't have asked for better. I am definitely confused as to why shareholders haven't focused on that.
And if the TSX implodes, as the other poster implied, wouldn't that be bad for the other markets? Maybe that was sarcasm and it flew past me.
This is a genuine question...
If we sell on fantastic news, what do we do on bad news?
Better yet, what would've been the response had the advisory board came out and said they were punishing Aphria and were delisting them? What would have been the reaction then?
And finally, what kind of news in regards to resolution of this issue has to come out for shareholders to say to themselves that they're buying in/back in?
I agree that with you on Vic. Always believed he was a brilliant man with great business acumen.
As far as resolution, that's finished as of 8:16 this morning. The TMX has already ruled in favor of Aphria. That news, I would think, needs to be stickied at the top.
The only adverse effect that I'm having is that I own shares in Canopy as well and it's tanking hard this morning, while Aphria is holding ground. As I said last night, Bruce is going to be angry because he is now behind in the U.S. market.
Aug. 21, 2017 8:16 am
Minyanville
"Today is a significant day for Canadian licensed medical marijuana producers focused on the United States market.
Earlier this morning, the TMX group reported that there would not be a ban on the clearing of securities of issuers with marijuana-related activities in the U.S.
One of the biggest beneficiaries of this announcement is Aphria Inc. (APH.TO) (APHQF)."
Not that it needs further clarification.
News this morning
Aphria responds to TMX decision
"We are pleased to receive confirmation from the TMX group that there is no CDS ban on the clearing of securites with issuers with marijuana-related activities in the U.S. and we look forward to continue our ongoing dialogue with the TSX and CDS in respect of this matter."
Now it's clear cut.
I respect that. Each person to their on. But when I read an article like this, there is no maybe to me.
All of this news is a good sign for Aphria.
Been an investor for a while and I lurk these boards frequently. Upon the news of the potential de-listing 3 weeks ago I sold half my stake in Aphria. Biggest mistake I had made this year. I wish I had never done it. I'm not one to ever panick, but I thought the price would drop hard. It didn't.
This link confirms to me why I bought back into Aphria. Fantastic news. Essentially the TSX isn't going to do anything except re-word some rules. They knew in March that Aphria had a stake in Copperstate Farms in Arizona dating back to October 2016 and were about to close a deal earlier this year in Florida and they still stamped their approval.
The TSX and TMX can't go backwards now. There will be egg all over their faces. If I as an investor knew before Aphria's listing to TSX that they were in the US, I'm sure they did. Hence, Vic keeping everything above board.
This is a classic maneuver by the TSX to save some face. Linton is going to be angry. But everyone knew what Aphria was doing. If for some reason the TSX decides to de-list Aprhia they will have alot of explaining to do. Not to mention that Aphria didn't actually break the rules.....hence the listing to the TSX while having US holdings.
The reason they've been dragging their feet since March is because they're not going to do anything. Seen this stuff before.
This article confirms it. Fantastic news.