Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Wake up! In and out since $3.70? Wake up! its $44.18 Wake UP! STZ just invested $5.1 billion at a $48.60 per share valuation. Wake Up, comes with warrants that get a premium on the premium, WAKE UP. STZ is essentially committing over $10 billion dollars to the financing of WEED's global domination WAKE UP Essentially guaranteed to to move past $50 within 12 months, probably November. Will trigger the conversion of those $600 million in convertible notes, 1/3 of which is also owned by STZ. Wake up out of yo sleep! As WEED moves towards a $15 Billion plus corporation it will force re balancing of Canada Composite Index, funds all over the world forced to buy up OUR stock, don't let em get it cheap! Wake Up
I would be very surprised to see this in the Canadian 40s after October, I mean the spread on the market price compared to STZ's buyin is going to shrink, it is math, wake up
Constellation Brands - global leader in the world cannabis industry, also they do a little beer distribution....used to be popular, it's called Corona
surfergirl changed name to yoda, same person.
but this past three years has been crazy....those times when it was low, the the LPs were all in the dumps, was 2015. The lowest it got was around September, really hasn't even been three years yet....three years of nasty dirty performance.
lol, $1.60 to $44 - it is three straight years of 200% annualized
Well it is still dope ROI, that sucks you missed out on the full lift.
No matters how good you do, you can imagine doing it better
Invested in Weed for the last three years is better than invested in Apple for the last ten years.....
I am just getting impatient, when will they throw our parade???
Yes I did, right below $5 and also I sold some at $7 and many other times too...I would say before the big sale below $5, I was severely leveraged, as in my family owned more CGC than our net worth by way of debt.
Now I have only about 100% of my families savings invested in cgc
I don't really get what you are saying but it sounds like you were trying to make some dope moves and ended up shooting yourself in the foot. It happens.
So just curious, if you sold out, what price did you get?
I mean it went from 32 straight up to above $40....you got that money, right?
Me, I just do buy and sell, usually market price, and that is it
We finally made it out of the 'cloud of about to make a bunch of money'
today is just so awesome I don't know what to say, my family is fully secured
I actually put $1000 more into my TFSA yesterday, and since it went up 20% in one day I sold it, but then I just bought it back again, made a free share, lol - just for funs
Aug 15, 2018 Buy WEED 31.00 39.23 -1,226.08 CAD
Aug 15, 2018 Sell WEED -30.00 41.50 1,235.05 CAD
Aug 14, 2018 Buy WEED 30.00 32.89 -996.65 CAD
STZ ROI on this investment at $48 a share 3 years from now would not be very good, right?
what they got.....
104.5 million shares
88.5 million are exercisable at a price per share of C$50.40
51.3 million are exercisable at the VWAP at the time of exercise
at $48.60 pps is worth $5 billion CAD - that is what they put up
the 88.5 million would have zero intrinsic value
and the 51.3 million warrants I just don't know - if they were to capture a $10 CAD spread between the VWAP and the PPS at time of exercise, that would be worth $513 million CAD. 10% of their upfront investment...
So, for an investor holding now...at $40 a share, hoping to see it go to $48 in three years would be hoping for about 6% Annualize ROI - 20% in three years. At that point the current shareholder of WEED would outperform STZ's investment in WEED.
But if three years from now the price is above $50.40 CAD, well STZ's investment can see very very serious ROI as it moves past that point.
I just shorted it from $43 down to $39.50, then went long again, I will keep you posted
edit. no i didn't
lol, I love the internet, stop the trading!
A group of unicorns is called a "blessing of unicorns" because unicorns were a symbol of pure innocence and magic, seeing one was supposed to bring good luck and fortune to the gazer
this is beyond unicorn status, this is a blessing
I think, with the new outstanding shares and the share price over $40, we are well over $10 billion market cap, which certainly makes sense because $5 billion of that is cash
If I read correctly, this deal has no options sweetener....they just paid a massive premium and dumped $5 billion EDIT - read the rest of the thing and they put in warrants
I mean they don't get a seat on the board, they own the board, they damn near own a majority stake.....
This is silly massive
I read on the board someone wrote , they should halt trading and I thought that was super stupid because trading hasn't started yet, lol, but maybe they should halt trading!
alright, well I did smoke another joint, I also got a coffee going, its half gone....
C$48.60 per share
oh my mcjesus
38 percent ownership
they are talking about exercising the options at expiration and keeping the shares....
$5 billion CAD in the bank.4
This makes me happy
Right now I am in in this special situation where I know something very very big just happened, and I don't know what it is and I don't want to know
just saw something about $5 billion, thats a lot of money, mother of god was read, and I thought I saw $40 pre market
I am going to smoke a joint before I read anymore, I just smoked a joint, but this is certainly a 2 joint moment
I have always maintained that the most important thing about an LP is the size of their holders - and we got the biggest holders in the industry...so, so big
honestly it's a wonder any of us can buy shares at all...I shouldn't even be saying this stuff out loud, if everyone finds out how big our holders are there won't be anymore shares to get
twitter said they lost all their weeds, I am sorry for any confusion, but I am done
also, I think the shares we put out to extend a business arrangement - Leafs by Snoop maybe?
February 17th, 2018
https://www.ctvnews.ca/business/flying-high-100-000-pot-plants-flown-from-ontario-to-b-c-1.3808316
These were clones that were sent over in late winter...to veg over the long summer days, for a big croptober?
I mean when they have the entire operation running smoothly multi-crop, mult-year operation it will be different - but that was their summer crop at BC Tweed?
So they clean every thing out and start over, at least the staff had training, operations are in effect, they learned something...but this is pretty bad
https://www.canopygrowth.com/wp-content/uploads/2018/05/20180414-BC-Tweed-Adds-Growing-Space-Final-EN.pdf
in april they got another facility - two BC Tweed facilities over 900,000 sq. ft. - so i don't know...
WEED is massive...so while the small guys think its funny we lost 100k plants, truth be told we are going for over 6 million sq. ft of production space and this is a drop in the bucket of what is to come
They were not very good....i think they still need a good couple years of rapid expansion, aggressive investment......it won't be pretty
This means what exactly.....
there was a press release for the transfer of those 100,000 plants
and there was Chuck's tweets about it
can we get the dates for these while I smoke a joint
I want to know about how much BC Tweed time we lost, a few months, not even the full thing is in operation yet....
its a step back for sure, but I say it sounds worst than it is, CGC is still the only organization in the world that can clone, transport and attempt to grow 100,000 plant crop - first time they failed.
ah, I see, they are saying they lost a crop to fungi....and I 100% believe it
and will be going to the bank tomorrow to deposit money to buy more stock....
for one thing - is this how we bought out the remaining share - because now we wholly own BC Tweed - one crop failure, now we own it.....seems we bought out the place but it came with a family - partners, now we own the whole thing.....and we hear about a crop failure....
this may not be as bad as it sounds
very very interesting, I like this - news sounds devastating, but it can and will be fixed, it is temporary
How and the hell you lose $90 million GAAP selling cannabis?
How they do that? $60 million in other expenses...but I guess there is $70 million coming back on that for Q2.....it is all about the big Q2 now
remember remember the fins of November, going to be an absolute MASSIVE increase in the value of biological assets
It is nice how the quarters stay in the same months year after year. Jan through March, April through June, etc....very convenient three month periods that don't change from one year to the next....
Too easy, unless they do something to change it up, I will just know what quarter it is for the rest of my life simply by looking at a calendar
we will get an idea with Q2 numbers.....the crop will be under biological assets - pretty much at full value minus the cost of harvest and processing......
the weird thing about how they account for it, if they grow it it`s on the books as if they already sold it - it is not counted as revenue still it effects the bottom line as if it was
there could be something like a decent drop in inventory with a corresponding rise in accounts payable or something.....i am not an accountant
the idea being that during September there are shipments of product to retailers....to get ready..
but third quarter will be the big one - thats croptober, that quarter the summer crop gets harvested and processed...first 10 weeks of true legalization...
NO - we will get the fins on legalization sales in February - In february they report October, November, December
legalization is 3rd quarter, unless everything changed and i missed it....come on, we been doing this going on four years now
I haven`t been paying too much attention lately, but last I knew
2nd quarter is july, aug, sept.
Did that change or are you just completely wrong?
No, he only shorts when the price drops, next time we have a decent down day he will let us know about it
That is super clear! Before that post I was thinking maybe you were completely full of shit, thanks for clearing that up for me
Legalization is when the wheat gets separated from the chaff, CGC will capture the largest market share and reap the best return on capital in the industry, only a matter of time
for damn near 4 years now I have read your posts, and never have you backed down from the simple strategy of buy and hold, accumulate.....
considering the stock you chose and the time period you were working with, it is nothing short of epic. Only a few short years, I most definitely underestimated the performance, I remember just a year ago....was hoping to be at 40 by the time my girls were in regular school....still got three more years before my oldest is ready....just completely epic.
congrats to all