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Live and learn...
Tomorrow is going to be pretty bad, no REALLY BAD!
May pick up cheap shares of OTHER MJ stocks.
GLTA
Well,
Any stock down over 10% is no laughing matter....
GLTU
Aphria Inc
TSE: APHA
5.07 CAD -0.92 (15.36%)
Dec 5, 11:53 AM EST · Disclaimer
Down 15% on TSE....
Buyer beware....
GLTA
Hello....
Would not add this week...
Risking a temp trade halt by NYSE.
Any halt will cause it to go lower.
Hoping APHA releases some decent PRs tomorrow morning before trading. Management needs to do more than they have done thus far.
SEC is familiar with Grego and no doubt the allegations are on their radar.
GLTA
Doh!
Hope they have a decent legal department to respond to all the legal actions coming their way....
We may get news tomorrow, good or bad, even though market is closed. I do not believe the newswires will be closed.
GLTA
Thursday at $3.70
IMO
GLTA
Doh!
I think APHA executives would have had a better chance to prop the stock up if they said...
1. We got scammed!
2. We are going to try to rescind the agreements!
3. We will litigate to recoup any loss to shareholders!
4. As a gesture that we have faith in APHA we are going to buy over 3 million shares in APHA stock with personal funds!
5. We have agreed to submit any further acquisitions to be vetted by a well known North American consulting company!
All IMO....
I think this goes to $3.50, ANY negative news in MJ sector and this one is going to take a pounding...
GLTA
Still holding several in this sector as I believe there will be consolidation and a couple of winners long term.
Best to diversify even in one sector.
Still holding some APHA, if it tanks further will just sell it at end of year for tax offset.
Interested to see what APHA management does...if they have any rabbits in the hat, now's the time to pull them out!
GLTA
I suggested this earlier....
Looks like APHA was scammed by those entities into purchasing the companies in South America and Jamaica, which is why stock will continue to sell off....
Who knows what other acquisitions are similar...but I suspect the two mentioned are not the only ones...
Looks like report appears to be accurate.
GLTA
Sold 1/2 my position...
Added more CGC at 44.10.... looks like something cooking...
Still believe in long term growth in this sector, but APHA is going to
take some time to recover...
May get halted or delisted...equals more downturn...
GLTA
Only way APHA can start to get out of this is to post actual current photos of the locations shown in the article.
That should be easy enough to do.
Otherwise, I would worry a bit more.
We may get a halt...
GLTA
Looks like we were hoodwinked by APHA or
APHA was hoodwinked by the Latin America and Jamaica companies it acquired,
either way, NOT good news for the stock...
may recover a bit, but once confirmed may head lower....
Big risk going forward.
ALL IMO
GLTA
Aha!
That's who is keeping the price down....
Makes perfect sense to me....
GLTA
Here we go again....
Doh!
Hitting every branch of the ugly tree on the way down!
GLTA
Baa hum baag!
MJ stocks better start moving upward before end of December...
Otherwise a lot of traders, including myself, are going to dump to take the year end loss...
GLTA
FYI,
CHICAGO — Governor-elect J.B. Pritkzer said Wednesday he plans to begin taxing legalized marijuana soon after being sworn in next year and hopes to free those currently in prison for marijuana offenses.
GLTA
Wow!
At meeting all afternoon, looked a my account after close...WOW!
What happened??
No love for ACB...
Up $1 after hours???
Cannot find any new news?
Anyone?
All the NYSE listed MJ stocks at HOD after hours....
Something is a cooking!
Nice Bump!
Probably people just realizing that they want in the MJ sector and Canopy is the only one with a legit backer, Constellation?
Keep in mind that shareholders and Canadian government just approved on November 1st.
Maybe institutional buying?
IMO.
GLTA.
A bit surprised this one is not moving up quickly....
A lot of news and some promising Directors added to Board?
GLTA
Thought this would spike today?
Only thing I kept seeing over the weekend was updates on the investigate report with the mafia connections?
Maybe spooked some buyers or the investigative report has some truth to it?
GLTA
Trying to link Canadian Cannabis to mafia seems like shorters' doing?
IMO
Someone in this sector is coming out with news today at close, or over the weekend before Monday's open. IMO.
GLTA
Banks pass on marijuana loans, for now -
In October, Bank of America Merrill Lynch joined investment firm Cowen and Canada-based BMO Capital Markets as a bookrunner when Canadian medical marijuana company Tilray chose to raise capital through the sale of US$450m of 5% convertible senior notes.
The bonds, which mature in 2023, were marketed to provide working capital, back potential acquisitions, and add cash to the balance sheet.
BAML may be comfortable with the deal because the company is headquartered in Canada where recreational marijuana became legal for sale in October, according to banking sources.
“I think we’re starting to see it open up,” the executive said.
----
Funny how the headlines move the market. Further reading of this article references a 450m bond offering, which would have been unheard of a few years ago for a pot company.
GLTA
Oops, spoke too soon... here we go, following the market down...
I don't know if there is a meeting today?
If there is, I doubt we get any news today, possibly next week, if any relevant news is discussed.
GLTA
Looks like people are holding/not buying to wait and see if any news released...
Thought it would spike a bit more, but considering the market and a lot of MJ competition, i'll take a 3% increase at the close today...
GLTA
Large spread on bid / ask.
Hope they up list with some news?
Dunno, could go either way.
GLTA
Agree that cannabis should be used for medicinal purpose.
But the lifting the restrictions for complete recreational use will eventually lead to edibles at every Starbucks, IMO.
This is at least a decade away, IMO.
Remember, TESLA was once trading at $25 a share.
Trick is figuring out which cannabis company will be around in 10+ years.
GLTA
MEXICO CITY – Mexico's Supreme Court issued two more rulings Wednesday ordering that complainants in individual cases be allowed to use marijuana for recreational purposes, establishing a precedent that a blanket prohibition on pot is unconstitutional.
The court found that adults have a fundamental right to personal development which lets them decide their recreational activities without interference from the state.
-------
Hmmm.... another bump tomorrow?
GLTA
Here we go....
I think there is a deal brewing in the sector.
One decent deal will make a few of these companies run.
IMO.
GLTA.
Looking pretty good into up listing...
Let's hope the momentum continues.
GLTA
That's what I heard from other sources as well.
Thanks!
Hope this one runs a little on up listing.
Hellooo!
Holding a bit of APHQF - will hold through up list on NYSE.
What are your thoughts on what happened to ACB when it listed on the NYSE....
Worried about similar scenario with APHQF?
GLTA
Hmmm....
Sitting and waiting patiently...
Let's see where this sector is this afternoon.
I finished with the GREEN this afternoon after this crappy day!
Glad I still had some left after the weekend to cure the Monday blues....
We are stuck in a downward spiral....
DOW is going to tank this week to 23000..... YIKES!