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Grapefruit is a typical penny stock scam that issues loads of shares for capital then releases nonsense PRs pumping up the phony business so the convertible debt holders can cash out. Rinse and repeat until shares are diluted into fractional pennies, then reverse split and do it all again until everyone is fleeced, at which point comes a name change. Rinse. Repeat.
Prove me wrong. I’ve seen this so many times in the pot sector since 2012. Sure there may be moments when fast money can be made but don’t think for a second this is a legit company trying to build a credible business.
THC/CBD patches are far from “disruptive technology” as Grapefruit claims. Similar patches are already available. And then there’s the mysterious Canadian merger that was to be announced in mid-April. Guess what? It’s almost June........and crickets.......
Scam!
SNDL is a absolute cash machine!
Buy shares, sell covered calls. Rinse. Repeat.
More than half of my shares were purchased via shorted puts that were assigned. Those premiums and the premiums from the covered calls have me holding 30k+ shares that have been paid for with a cost basis just below $1
Now the question is, do I start selling more covered calls or do I let it ride? Well, I already sold some Oct 15 $2 but I’ll probably ease into writing more calls to see where this rally leads.
Fundamentally Sundial has a lot going for it and I’m in it to win it.
You lose a lot of credibility talking badly about SNDL when shares are trading around .65-75 but then suddenly get all rosy when shares rise by 40%
Here’s sumthin funny bout dat.
I smoke. I drank.
And I DGAF about THC % or “alcohol” %
I grow too. % means nada
Itchy Trigger Finger
This is the resistance. Shareholders like myself who have a large amount of somewhat newly acquired shares at a cost basis around $1. Wanna let it ride but gotta keep it real and protect profit.
I didn’t sell covered calls today, not because the opportunity didn’t arise but because I’m not at my “trading desk.” I do plan to sell calls tomorrow whether it’s mobile or stationary.
SNDL was due for a bounce. A 14% intraday move is hardly a “bounce”, dead cat or otherwise, but in today’s market, anything goes.
From a broader perspective, the cannabis industry is ready to explode. Macro, micro, anecdotal, incidental, clinical....I don’t even know where to begin. This is bicoastal, bipartisan and big.
I have an itchy trigger finger but I also have solid trigger etiquette. Know when to ease and know when to SQUEEZE.
For the Optionz Playaz
106,000+ contracts were traded today on the May 28 1c weeklies. Those ultra short term contracts are known in Reddit circles as FDs (I’ll let you research the meaning of that initialism). Not sure what the activity indicates or how it affects the price over the next 3 days. The call seller(s) may be scalpers who have purchased shares over the past few weeks and would happily sell for the gains and premium. The call buyer(s) are likely folks with longer term short positions who may need to cover around 1 and possibly even make some cash flipping the long calls if SNDL blows up over the next few days.
The 106k contracts represent a tick over 10mm shares and the premiums alone are around $300k.
That is all. I’m still bagholding a bit below $1 but didn’t sell any covered calls today. I’m gonna let it ride a bit and enjoy the start of summer.
I’ll save everyone a click here.
Not like anyone really cares about these charts but here is a gist of what you’ll see;
Resistance is the high of the day.
Support is the low of the day.
Then a mention of whether the price is above or below the 50 or 200 day moving average.
If anyone is looking for credible technical analysis or something that isn’t just spam to attract you to buy more garbage subscriptions, just search and read about technical analysis online or buy some books.
Technical Analysis for Dummies is a great start. Waaaaaay better that spammy websites
No. You’re dead wrong about Newsom and communism. I’m 100% right about the Yourist Bros.
I don’t like Newsom, he’s a smarmy worm related to other worms like Pelosi. He preaches rules for thee but not for me. However, I’m not clueless enough to call him a commie because I don’t agree with him. That’s just plainly as stupid as it gets, along the same lines of thinking the leads Marjorie Trailer Queen to be such a moron.
1. When asked about Grapefruit, responses from folks in the CA cannabis industry are anywhere from “who” to “oh, yeah those guys.” They are known as parasites leeching of the industry to promote their penny stock trash
2. The THC/CBD “patch patent” is a laughable joke. The market is saturated with similar products and Grapefruit’s “disruptive” technology is another trend scam rouse.
Ahhhh yes, Grapefruit’s demise is not the fault of Criminal Scammers like the Yourist Dopes who run from scam to scam. It must be the “Communist Governor” who expects companies to pay their fair share for operating a business in the 5th largest economy in the world. Gavin is trying to takeover private industry and hand it over to the government right? Cause that is communism. Or is it socialism? And how is it that many of the world’s most valuable companies are incorporated in California where commies have banned private industry? Eh, who I am kidding, most clowns claiming communism in the USA are so far gone it’s not worth arguing. No wonder why it’s so easy for the Yourist Bros to scam these smooth brains
THC patches are abundant. Good luck with that patent considering THC/CBD patches are everywhere in higher end California dispensaries. Grapefruit is a trend scam, firing off bs PRs from a building on Wiltshire Blvd. There is no lab developing “disruptive” technology. There are no seasoned cannabis experts guiding the business
GPFT is merely a group of scammers leeching off the burgeoning cannabis industry to pad personal bank accounts along with the accounts of their insider buddies.
This stock will dilute itself into double zeros, then trips and the reverse split.
GPFT is a trend scam penny stock
Dilution coming, then a reverse split, eventually a name change......seen it too many times
“Disruptive” Hourglass is Laughable
Y’all know there are already loads of THC/CBD patches on the market. Oh, I’m sure the Hourglass “technology” is totally space age and that’s why it was “invented” but a penny stock outfit like Grapefruit......sheeesh, what a joke. This will be diluted to fractional pennies in due time, then a reverse split.....
SNDL is merely a vehicle for financial parasites
Like Tim Sykes who doesn’t make money trading but makes money selling “trading secrets”......
The charts are a joke....
Check the intraday high.....that’s resistance.
Check the intraday low.....that’s support.
Make a quick look at where intraday price is in relation to moving averages and there you’re chart.
Now that DixBarf is non-reporting I wonder if they will be part of the SEC crackdown of OTC scam stocks?
Don’t know. Don’t care. Personally and from what I have learned consulting in California’s cannabis industry is that most people don’t want the ridiculously high THC count, nor do they want some mind melting concentrate. Most people just want a nice buzz so they can watch some Netflix, sort of how the average person doesn’t want some pretentious 9% craft brew they just want a Bud to watch a ball game. But go ahead, tell us how THC count is the only factor everyone wants......
Talk about lost in the weeds. Who cares about THC percentages? Are we back in junior high talking about who has the best weed? There is a way bigger picture here than just who can get “higher”. That’s like trashing Bud Light, sure the beer is watered down horse p1ss but that doesn’t make a difference to the billion dollar corporation that is In Bev
$9 next week you’re welcome
The SEC cracked down hard on OTC stocks. The SEC has no forbid brokers from allowing clients to trade delinquent, no info and caveat emptor OTC stocks.
Good thing GPFT is current....sort of......except for the current quarter. Better hope GPFT gets their ish together.
Time for WOFA to ish or get off the pot.
SEC cracked down on Stinky Pinks like WOFA and has restricted brokers from allowing clients to trade delinquent OTC junk.
If WOFA doesn’t get their act together by September you can kiss this one goodbye.
VAPE is dead.
The SEC just cracked down on Stinky Pinks like VAPE. Most US brokers will not be able to allow clients to trade these stocks so everyone is clearing out.
Wow! This thing is going to sub penny
Dumped my shares at .12 was planning on re-entering but no freaking way will I ever buy this stock and I’ll never buy a Dixie/BellRock product again as well.
Sayonara Tripp and all the other losers at this company
According to GPFT the Canadian company update will be coming “mid-April”. Oh wait. It’s currently mid May and nothing. Crickets. The update will be coming with the delayed financials......seems like the dog ate them both so it’s just a waiting game until doggo expels the info
Inverse Play; Legalization and an Economic Downturn
The cannabis industry is about growth, literally and figuratively. This is a growing industry as cannabis is emerging from the dark markets into the light. Reform is happening on a global scale and there is no more important reform happening than in the USA. Once cannabis is rescheduled from the DEA’s unnecessarily harsh classification, banks and other financial institution will finally be allowed to invest, loan money to and develop more complex financial instruments for the cannabis industry. This will be massive.
The most massive of which will be “high growth” funds that will be compelled to invest in the burgeoning cannabis industry. The medical, recreational and industrial applications of cannabis and hemp are only just being realized. Clinical studies on THC and CBD are finally being performed and they are confirming what consumers have known for centuries. Hemp has only begun its disruptive journey.
At the same time as the cannabis industry is growing, the overall global economy is teetering on a the cliff’s edge. Inflation, extremely irrational exuberance and outrageous valuations abound.
This all adds up to a potential perfect storm for the cannabis industry. The way I see it is like this; if the economy stalls that could provide a major windfall for the cannabis industry. First, during hard times people turn to booze and now cannabis is a worthy alternative. Second, pending legalization, growth funds will be looking for growth stocks and if the overall economy is contracting, the cannabis industry may be one of the few spots left where growth occurs.
Just my 2 cents but I have a lot more money that than riding on this speculative thinking.
Let’s not conflate pumping with industry optimism.
Speaking for myself, I don’t know and don’t particularly care about SNDL other than being the proverbial bagholder right now who has plenty of shares and no way to cover since call option premiums are so depressed and I’m not buying long puts at the lowest strike available. The shares are paid for so whatevs there.
Sundial, fundamentally speaking, faces some significant headwinds. The company has been a dilution machine, from 80mm share to 1.6b (?) in 2 years but that also comes with a significant cash holding and some interesting acquisitions with plenty of loot leftover to spend.
There are some fundamental tailwinds too. Claiming US legalization/rescheduling will not have a material impact on the global cannabis industry is nothing short of blind or willful ignorance. Once US banks and financial institutions have the legal green light to enter the cannabis trade there will be an influx of capital and investment vehicles available for cannabis companies worldwide.
How this impacts SNDL, who knows, but I am willing to throw some speculative money around and have a bullish outlook on the industry as a whole. Let’s not forget how many have risked (and lost) their lives to propagate this plant during a century of prohibition. Cannabis is a major disruptor and I love investing in game changes. Cannabis legalization will disrupt medial and recreational intoxicant industries and hemp has a whole lot of industries that could see a massive shift like plastics, textiles, and many more.
Billionaire we’re made during the illegal cannabis trade. Just think of how much money will be made when the idiotic prohibition is completely reformed.
GLTA and please keep the conversations grounded
Who said anything about SNDL selling weed in the US? I sure didn’t so I’m not sure why that is even being discussed.
FOR THE LAST TIME, US legalization isn’t about Canadian companies selling weed to US companies. It’s is about allowing major banks and financial institutions being allow to participate in the industry! Period.
This means banks can lend money to weed companies. This means brokerage firms can help weed companies sell bonds or other investment vehicles to raise capital instead of diluting. This means weed companies no longer have to use cash to pay taxes, payroll, rent and other operational expenses. This means credit card companies can now process payment for retail cannabis purchases. ON A GLOBAL SCALE. NOT JUST IN THE USA.
If anyone doesn’t get this, they are lost beyond repair
So if I have a US Passport does that mean I can only travel in the USA? Nope. It gives me the ability to travel worldwide. Same as when the SAFE Banking Act passes; US companies that are currently restricted from being involved in the cannabis trade will not only be able to invest capital, develop financial instruments and provide banking services to US cannabis companies but they will also be allowed to provide the same faculties for foreign companies too. Period. Very simple concept.
Legalization is NOT limited to US based companies but it opens the doors to foreign companies too and with a well established cannabis market already existing in Canada, companies like SNDL will benefit greatly.
Ok I’m gonna spell it out real simple
Public companies in the USA, such as Goldman Sachs, JP Morgan, Bank of America......CANNOT invest in cannabis or even process financial needs of cannabis companies because cannabis is a Schedule 1 narcotic.
This means they cannot invest in Canadian companies in the same way, say, JP Morgan would invest $100mm into a Canadian (or German or Swedish) “drug” company trying to develop a hair loss medication or diabetes medication. Bank of America CANNOT loan SNDL capital to expand the business in the same way they could give money to a film studio in Vancouver. JP Morgan Chase CANNOT allow a dispensary to have a banking account.....you get all that, right?
Well, once cannabis is rescheduled, that all changes. The institutions named above will be able to invest in and provide services to cannabis companies, domestic and abroad, without fear of legal repercussions.
I’m not sure how this concept is hard to understand. I’ve been a cannabis consumer for decades. I consult with cannabis companies in California. This will be absolutely massive because there are billions of institutional dollars sidelined until cannabis reform occurs in the USA. It doesn’t matter if it’s a company in Canada or California or Uruguay or Kuala Lumpur. Cannabis reform will open the world to US institutional money and services.
Here is how US legalization helps Canadian companies
Cannabis is considered a Schedule 1 narcotic under the current (racist and outdated) DEA classification of drugs. Not only does this classify cannabis as having no medical value and worse than heroin/cocaine, Schedule 1 drugs are completely illegal, meaning companies, particularly public ones cannot derive income or profits from cannabis.
Bottom line; banks, institutions and other public companies risk legal jeopardy should they participate in the quasi-legal domestic or foreign cannabis industries. Of course that hasn’t stopped banks like HSBC and DeutschBank from laundering billions of dollars on behalf of drug cartels around the world but that stuff is off the books.
Few people realize that 98% of the domestic US cannabis industry is cash based. You have to buy weed with cash (or debit) and cannot used credit cards because the card companies fear legal repercussions. Not only is the buying and selling of product handled with cash but payroll, taxes, rent.....almost, if not everything is handled in cash. Not only is that unsafe to have so much cash around, banks are missing out on billions not being able to participate.
Sooooooo.....once the outdated and racist DEA scheduling of cannabis is changed so is the list of players who can be involved. This opens the floodgates for US banks and institutions to hand out loans to cannabis companies domestic and abroad. When cannabis reform hits, there will be a in flux of billions in investment capital from VC, banks and other money players. SNDL and other public companies will likely be first in line for loans and investment capital. This will stop the need for dilution as a means for raising capital.
It’s gonna be massive and it’s just a matter of time
Well I Closed My Covered Calls
Now I’m officially a bagholder with no covered calls or short positions. The premiums are too low to open new covered calls. I did buy some more at .68 so I have about 30,000 shares paid for from the covered calls (and since many of the shares were assigned via shorted puts) with a cost basis a shade under $1
The biggest concern going forward is the cash burn SNDL will have with the $900mm and how the company can generate more income. I plan to hold for as long as it takes the US gov’t to end prohibition or 2 years, whichever comes first.
Decent Report
Tons of cash, albeit raised by dilution which is concerning because the revenues are not strong enough to replenish the monies, which means SNDL will have to substantially increase their income because they will quickly burn through the cash.
I’m interested in hearing the CC and what management has to say about future prospects.
I’m also interested to see what happens when the options markets open. There are a lot of open contracts that could swing the stock. Not a lot of tailwinds from short shares being covered, maybe the options will change that.
Big Gov’t Meeting on Wednesday
Biden, Schumer, Pelosi, McConnell and McCarthy are all meeting on Wednesday to discuss bipartisan agendas, the main focus being infrastructure.
BUT
These clowns might also discuss cannabis reform since it is generally agreed by both parties that the laws need to change. Racist cannabis policy, billions in tax revenues and a win for both parties are only small parts of cannabis reform. These jokers would do themselves a lot of good passing meaningful reform as it would signal that they can still work together on some issues
Dixie, what happened?
Back in the day around 2014 Dixie was a well known cannabis brand with great drinks and they were moving into the edibles space. The company expanded from CO to CA and a few other mmj states.
I was pumped to find out the company was publicly traded.
But over the past few years, the stock has sunk and for obvious reasons. Dixie’s presence in dispensaries has dwindled. The name change debacle has only further dragged this company deeper into the mud hole.
What a bummer!
They don’t.
Look at a daily chart.
Find the high of the day. Call it resistance.
Find the low of the day. Call it support.
Find the 50 day moving average. Make a note if the share price is above or below the 50 DMA.
That’s a sum of EVERY SINGLE VIDEO. Ever.
Done
Aside from blowout earnings of rescheduling,
I don’t see SNDL going anywhere but back down to .10 at this point.
Management are wholly incompetent. Borderline criminally incompetent. After diluting shares for $700mm what do they do next.......announce further dilution for more?!??!?!
That’s insanity. Before even making a move with the freshly diluted capital, they dilute more?!?!!
I try to stay away from playing options on unstable companies. Sundial is unstable so I’ll be out by Jan 22 if not sooner
That “theory” is a joke
It’s been going down several days, therefore it must go up?
Preposterous!
SNDL has been on a red streak for the ages. There is nothing stopping this stock from continuing to crater except a stellar earnings report or US legalization/rescheduling.
And to add to the misery, SNDL is often down 5-10% per day whereas more stable peers are only down 1-2%.
As if that wasn’t bad enough, options premiums are so low and share price is equally so depressed that there is little left to hedge here. I’ve sold calls through Jan 21 and have even been covering some as SNDL drops but there is so little premium that reselling the covered calls makes little sense.
This is pretty miserable.
Yup. Sadly that is the point when I realize this is a scam.
I use cannabis and CBD daily. I also consult with LA based cannabis brands and dispensaries.
Never heard of Grapefruit until now.
2 major red flags here;
1. The fake announcement of a “partnership” with a Canadian company that was supposed to be announced mid-April, as stated by the company itself. Well, April came and went, so did the bogus partnership along with the press release from GPFT about it.
2. Grapefruit’s office is located in a notorious building full of scammers. There used to be a company on the same floor that I invested $15,000 with but never heard from them in a year. After several unanswered phone calls I tracked the company management down to that building, went over with 3 Teamster buddies and scared the absolute shit out of everyone there. Needless to say 2 days later I had a $20,000 check from said shady company ($15k of my investment and $5k of “profit”)
Bottom line here Grapefruit is likely a scam. They are non-existent on the LA scene. They are located in a shady building in Westwood. They release info with zero follow up.
Yeah, scam
Incoming. Gonna be a SAFE Summer
Anyone thinking the SAFE Act passage isn’t gonna be massive doesn’t understand the Controlled Substances Act. Currently, major public institutions can’t be directly involved in the quasi-legal cannabis industry, be it domestic or foreign. This is because cannabis is a Schedule 1 narcotic, which among a lot of other BS, means public companies face legal jeopardy deriving profits from the cannabis industry. So many people just don’t get that.
But when (not if) the SAFE Act passes, the floodgates will open. Think BITCOIN. For a long time institutions had to sit on the sidelines.
Get in before the upcoming tsunami.
I’m not trying to pump, I’m just trying to spell it out in a factual manner
Whatever happened w the mid April “announcement”?
It’s not April anymore....
I don’t think you have the slightest idea what that filing means other than to trigger people because of the word “warning”. If you took 30 seconds to read it you’d understand it’s a regulatory filing for potential take overs by public companies.
“This site may be hacked” On Dixie’s Website
Who know what this garbage company call itself these days;
Dixie?
BellRock?
DixBarf?
Either way this company is such garbage that when you search Dixie Elixirs on Google, the first hit comes up with Dixie’s website and a warning “this site might be hacked”.
If Dixie BellRock’s trash management care so little about the company’s digital presence I can’t imagine what other quality control this company lacks. And this is a company involved in FOOD. No way would I touch a product from this company