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.
I presume news in regards to the Health Canada Inspection.
February 19, 2015 12:33 ET IIROC Trading Halt
At the Request of the Company Pending News
http://www.marketwired.com/press-release/iiroc-trading-halt-suspension-de-la-negociation-par-locrcvm-bed-1993333.htm
IIROC Trade Halt - Bedrocan Cannabis Corp. - 20 minutes ago
Thanks I was curious, cheers
Is there a reason why all the posts from yesterday, the 18th are not showing up on ihub?
You say there doesn't seem to be any big pharma interest. Based on a statement made in the last report I would say an 80% success rate winning contracts would indicate definite interest. Short position is currently declining and institutional ownership is increasing... this will start to leg up.
Keith Murphy, chairman and chief executive officer of Organovo, commented on the results, "Organovo has had a successful launch of its exVive3D™ Human Liver Tissue, and customer response continues to be strong. Our contracted customers include companies from among the top 25 global pharma companies, smaller public pharma companies, and private venture-backed pharma companies. Conversion of potential customers, those requesting quotes, to signed contracts has been high, with a win rate over 80% to date. We are encouraged that we have a high win rate, that our commercial pricing continues to be supported, and that we have received repeat business."
http://ir.organovo.com/news/press-releases/press-releases-details/2015/Organovo-Holdings-Inc-Reports-Third-Quarter-Results/
Not Tweed news, but industry news.
Ottawa rejects marijuana firm CEN Biotech’s licence application
http://m.theglobeandmail.com/report-on-business/ottawa-rejects-marijuana-firm-cen-biotechs-licence-application/article23002460/?service=mobile&utm_source=twitter.com&utm_medium=Referrer:+Social+Network+/+Media&utm_campaign=Shared+Web+Article+Links
Tweed mentioned in Snoop article. :)
Snoop Dogg Looks to Raise $25m to Fund Cannabis Startups
http://www.cannabisfn.com/snoop-dogg-looks-raise-25m-fund-cannabis-startups/
Snoop Dogg Looks to Raise $25m to Fund Cannabis Startups
inShare
Ryan Allway
February 11th, 2015
Policy
Snoop Dogg may be well known for his love of marijuana, but he may be soon looking to do a lot more than just rap about it. According to TechCrunch, the iconic musician is seeking to raise $25 million to invest in cannabis-related startups.
The move comes as the cannabis industry has been gaining steam in the U.S., driven by both recreational and medical legalization in several states. According to GreenWave Advisors, the U.S. cannabis industry could be worth more than $35 billion by 2020 if all 50 states legalize the drug. Even a more modest scenario where just some states legalize the drug could still result in a market that’s worth some $21 billion over the next five years.
Snoop Dogg has already been a prolific investor – having purchased stakes in the social media giant Reddit and the commission-free brokerage RobinHood – but the move would mark his first foray into the legal cannabis industry. He would join other prolific investors in taking advantage of the industry’s growth, such as PayPal co-founder Peter Thiel, who recently invested millions into Privateer – a Seattle-based company that owns Leafly.com.
TWMJF Chart
For now, the average investor is largely confined to public companies when it comes to investing in the burgeoning cannabis industry. While many of these companies aren’t as “hot” as startups in the space, they still offer exposure to both the U.S. and Canadian cannabis markets. Companies like Tweed Marijuana Inc. (TWMJF 1.573 1.50%) (TSX-V: TWD) have even secured licenses to grow medical marijuana.
With Snoop Dogg, Peter Thiel, and many others getting involved, investors of all types may want to keep an eye on public and private companies in the space as potential investment opportunities.
It appears to me your fellow MMAR patients that are selling MJ to the illegal dispensaries are capitalists. Maybe you should start calling all of them up and let them know your disappointment how they abused the mmar system for illegal profits which has given due reason for the entire system to change. Change is coming, be prepared.
pretty scrawny lookin plants there, sure you don't want to smoke some real MMJ?
CSE Currently 0.560 +0.135 (+31.76%) back to Tuesdays closing price, will see what the last half hour brings...
Your home grow op will be dead by summer. Stop fooling yourself and ignoring the 101 problems with MMAR, change is coming.
Everyone must keep in mind Tweed spent the majority of last year getting grow rooms built and then inspected with HC, then start the growing process. Every financial report we have received to date does not reflect the "demand" for MMJ at all. There was tons of demand and that is why they had to release the earlier harvests in small batches, as within HOURS they would be sold out. Not having enough MJ was very difficult for them to manage the inventory releasing a bit here and a bit there to try and supply their existing clients. This is where some clients would put in Joey Chestnut orders whenever they saw a flash of availability, they would order as much as they could. This made it very difficult to manage.
Now that we are FULL STEAM AHEAD with ample grow rooms and a greenhouse too, the hurdle of not having MMJ on the shelves is over. Client registration was opened back up in November if I remember correctly, regular harvests will be happening as the grow rooms are staged. Trimmers will have steady work with steady harvests coming in. 2014 was somewhat of a bottle neck, but now we are through that while other LP's are just entering that stage of the game.
My call for Q4 is 700k, it could be more but hard to say. My call for Q1 is MORE Revenue then ALL of 2014 put together. With this being said it won't be until Q1 results until everyone knows Tweed is the King LP. Cheers.
CND side moving up quickly 0.530 +0.105 (+24.71%)
CND side movin on up 0.490 +0.065 (+15.29%)
I see what you are reading, now they have me a bit confused, I apologize. Take a look right below in Note 13.
"The company leases office premises from a company controlled by Tweed Hershey Drive Inc. ("Tweed Hershey") The lease expires Dec 31,2018. The monthly rent is $45,000 as well as amounts directly chargeable for tenant repairs"
I had a look at Mettrums Financials a little earlier today. Their sales were down from their last Qtr by about a 120K. It equates to simply not having product available, they have been extremely low on supply/selection. I see today they have 3 strains and 1 Trim available which is better than the last time I looked. They are behind in production, growing pains and quite frankly they should not have opened the gates to register more patients when their shelves are empty, disrespectful to their existing client base.
I spoke to Bruce in early January and I am confident Tweed has some Joey Chestnut's, lots of hot dogs will be consumed. :)
It is going to be an exciting year!
Surfergirl is correct, the Lease is $45,000 CND per month as per Tweed Financials.
Why don't you tell us all who your dispensary is? I think they need some "advertisement".
Me too, have read enough of Parry bashing Tweed.
Parry would rather be all on board with his list of "non-licensed hopefuls" that he keeps writing about, that way he can flip a nickel into a dime.
Alias Born 02/12/2015 12:33:39 PM - funny how the hacks were recently born.
make that 45 cents now...
Looks like it has Bounced on the CND exchange as it went down to 34 cents earlier, back up to 41 cents.
CTV News clip I hadn't seen before on Cannabix.
Ex-RCMP officer co-invents marijuana breathalyzer
No reason to sell at this level, a director bought shares on Monday for more than the current SP.
After Hours: 0.475 +0.043 (+9.98%)
Cannabix - #1 on the list with the highest volume
http://www.cnsx.ca/CNSX/Investor-Info/Market-Activity/Most-Active.aspx
CSE TODAY'S MOST ACTIVE LIST
Cannabix Technologies Inc. - #1 on the list
http://www.cnsx.ca/CNSX/Investor-Info/Market-Activity/Most-Active.aspx
0.610 +0.050 (+8.93%)
Back into the green on CND exchange, 57 cents
Looks like a bounce on the CND exchange, from 40 cents back up to 48 cents. Presume we ripped through some stop loss's through that mid day pullback along with some weak hands.
Back in December Cramer made comments in regards to Organovo that does not generate any profits at this point in time. His comments below were not a recommendation but he wasn't negative either.
Organovo Holdings (ONVO) : "I think this is a really interesting company. This seems interesting to me."
Short position is currently zero.
This is blowing up because this is a product that is required and the stock is undervalued when looking at the big picture.
I am curious, are you really not able to buy Tweed T-Shirts into the USA?
I bought a Movember special addition and also a regular Tweed T. The Movember I am keeping aside as I figure one day years from now it could be a collector item. Maybe I am crazy, but I believe only 250 of them were made.
15,000 Tweed Posts :)
Nuvo Research May Be Worth The Risk Now
http://seekingalpha.com/article/2902106-nuvo-research-may-be-worth-the-risk-now
Key Points in this article:
Paul Calandra, parliamentary secretary to the prime minister, says the government has no plans to formally legalize dispensaries.
"They were illegal before, they remain illegal today and as long as we're in government they will continue to be illegal," Calandra says.
"That is the law of the land, and we would hope our municipal and provincial partners would enforce the law as it stands today."
The bottom line of business, "you have to spend money to make money". Last year was a year of building one heck of a beefy infrastructure to handle the business. This year will be a year of having everything in place to concentrate on building the client base and actually having the MMJ in the vault to sell. I have found too many investors had expectations that they would be selling millions of dollars worth of product right out of the gate. It is hard to sell millions when you have to build the infrastructure in order to have the product to sell.
My prediction for Q4 is 700K, however sales could be more but I am not expecting less. To meet GMP Securities revenue estimates from their report some time ago, for the entirety of 2014 Tweed would need to sell 1.2 million in Q4, so to be frank things are very close to being on track.
My revenue prediction for Q1 2015 is MORE than ALL of 2014 sales put together. The entire 2015 will be a very interesting and exciting year. If you like money, hold Tweed shares LONG.
One other thing to take note of, these 3 strains that just sold out are $9 and $12 price tags. With that being said, it appears everything isn't about the cheapest price considering there are $5, $6 and $7 Strains currently available.