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Alliance Global starts coverage of 4 cannabis stocks with buy ratings...
The analyst placed an $8 price target on GrowGeneration, which he views as an attractive ancillary play in the industry as a hydroponics retailer in the U.S. with a strong top-line story. The company is on track to double revenue for a fourth straight year through organic store growth and tuck-in acquisitions.
Yes... IMO $20.00 area is the sweet spot... never thought it would even get this low, but here we are... a few more ticks down increases volume and interest... up a few... down a few more... we'll eventually get there... need a big blow-off day... capitulation... we haven't really had that yet... I'm also looking for consecutive days with higher than expected volume... similar to January's bottom... not necessarily one day... FYI this would apply to all 420 related ETF's... they're all experiencing identical pressure...
I can certainly tell you that when this turns... it's going to be a freight train...
Just throwing darts like the rest of us my friend...
All IMO...
$MJ
$MJ needs to be re-balanced... many core holding bleeding cash...
$MJ
Nice EOD bump... Popped up with the S & P... trade up to the MA's?... if we do... hopefully we can stay above them... we'll see...
$$MJ
Double bottom or heading lower?... At critical support here... sell side volume coming in... damn!... getting hammered down... just catching a falling knife until bottom confirmation... the lower the price falls... the more attractive valuation gets... it's going to take of institutional buying to reverse trend...
Based on today's price action... I can see us head down to $21.00 - $22.00...
Extremely attractive at that price... for a trade...
All IMO...
$MJ
ITEM 3.03 Material Modification to Rights of Security Holders
On June 21, 2019, the Registrant filed its current report on Form 8-K disclosing that the exercise of its outstanding common stock warrants had been reduced to $0.10 per share and that the reduced price would terminate on July 11, 2019. This Form 8-K/A amends that Form 8-K by stating that warrant exercises at $0.10 will again be honored and the reduction will now terminate on October 31, 2019.
50 - 50 coin flip... leg down or find support in the $24.00 area... Aug 28th volume was not very impressive... IMO we test some recent lows...
Next leg down takes us down to around the 20 handle... I'm in for a trade at or around there...
In light of the recent Vape news... can't see buying and holding this (or any 420 ETF) right now for the Divi (serious capital depreciation offset)... way to risky... sentiment changed basically overnight... From Cannabis 2.0 catalyst to the Vape Bomb that's dropping daily... The vape thing is greater than most understand... if banned or regulated... it will impact the sectors growth projections significantly...
All IMO...
$MJ
Wow!... nice move today...
A lot of moving parts here... almost like a restructuring without going throughout the formal process of restructuring... I wouldn't be surprised to see Poss exit stage left shortly...
I like what I'm seeing... with the opioid crisis bankrupting major pharmas... companies like $GBLX will be next up in pain management... They are in the right place at the right time...
More medical and possible Government contracts... smart move!
All IMO...
$GBLX
Going much higher... time for $XXII to shine... VLN tobacco vs Vaping... I'll take the VLN option please...
All IMO...
$XXII
That's how it works across the board with thinly traded OTC Sparky...
It is kinda funny. When GB is not putting out terrible pr. The board is silent,
The news that saved the day...
Feds To Propose Boost In Marijuana Quota For Research, Cut To Opioid Manufacturing Limit
Federal drug enforcement officials want to boost the amount of marijuana that can be legally produced for research in the United States while cutting the number of opioids that can be manufactured in the country.
https://finance.yahoo.com/news/feds-propose-boost-marijuana-quota-164830392.html?.tsrc=rss
And then this comes out hours ago... Bottom line... Vaping is on life support... Nicotine, THC or CBD doesn't matter... we have just entered the abyss of uncertainty folks... and it ain't looking pretty!...
I booked profits on portions of my 420 ETF positions on this news... I don't like it...
All IMO...
https://www.cnbc.com/2019/09/11/trump-to-consider-e-cigarette-policy-amid-outbreak-of-lung-disease.html
Trump administration readies ban on flavored e-cigarettes amid outbreak of vaping-related deaths
The Trump administration is readying a ban on flavored e-cigarettes, HHS Secretary Alex Azar said.
President Donald Trump held a policy meeting on Wednesday to discuss vaping.
An outbreak of a vaping-related lung disease has sickened hundreds and killed at least six people.
GrowGeneration Signs 3rd and 4th Leases in Oklahoma
DENVER, Sept. 10, 2019 /PRNewswire/ - GrowGeneration Corp. (OTCQX: GRWG), ("GrowGen" or the "Company") the largest chain of specialty retail hydroponic and organic garden centers, with currently 23 locations, today announced it signed 2 leases to open a 40,000 Sq. Ft. and a 20,000 Sq. Ft. warehouse in the State of Oklahoma. The Company plans to have these locations opened for business on and around November 1, 2019. These 2 additional stores are the Company's 3rd and 4th in Oklahoma and will be the Company's 24th and 25th locations.
Darren Lampert, Co-Founder and CEO, said, "The Oklahoma market's strong medical patient count and the favorable cultivation laws have exceeded our original projections. To service the increase in demand for our hydroponic and cultivation supplies, the Company is adding 2 additional sales and distribution centers in both Tulsa and Oklahoma City. We executed a "first mover" position in October 2018, opening our Oklahoma City location, followed up by our 2nd location in Tulsa in February 2019. GrowGen now is operating in 9 states, with 25 commercial and retail stores, servicing thousands of licensed commercial growers."
https://www.prnewswire.com/news-releases/growgeneration-signs-3rd-and-4th-leases-in-oklahoma-300914317.html
“The way I’m looking at it is, this is yet another example that strengthens the case for federal standards.”
The very reason why I didn't buy size yet... Comfortable with a my remaining shares here until they provide more transparency... their silence is deafening and is reflected in the PPS... As soon as the share price stated to fall... the PR spout got cut off...
Since the company isn't doing that, there's a big red flag here. That red flag won't go away and the pps will continue to plummet until the company takes action to alleviate those fears.
Spot on!...
$EDXC...
That just about sums up the past 6 months across the board... good piece... Cannabis 2.0 looming... the next major catalyst... these stocks can turn on a dime... smart thing to do is to keep accumulating...
$GBLX
Bloodbath!... wow... -22%.... could be capitulation and a good time to take a nibble...
$EDXC
TBH... the negative vaping sentiment has me a little spooked... no doubt adding additional pressure on the sector...
IMO this putting Cannabis 2.0 in the crossfire...
$MJ
Man... that is a crazy post...
This is no different than during prohibition when people were making bathtub gin.
Leading Oregon Cannabis Extractor Pulls Line of Vape Products Off Its Website as Health Questions Swirl
A leading company that creates dilutants for vape pens pulls a line of products containing vitamin E acetate off its website.
GREAT week... when we break the downtrend... I'll celebrate... a close above $27.00 is big...
All IMO...
$MJ
Honestly... I can care less... there are bigger fish to fry... $CGC, $YOLO, $MJ $THCX to name a few... I'm banking off the lows $$$ trading the bigger names...
I'm a trader... not an investor... in and out like a ghost... what's good today may not necessarily be good tomorrow... that's how I roll...
Cannabis 2.0 on the horizon... billions of dollars flowing into the industry... there will be enough pieces of the pie for everyone... if not well see a ton of M & A... big $$$$ all around... just sayin'...
All IMO...
$VRNDF
$EDXC got a dumpers beat-down... damn!!!... what's happening here?... Glad I got out of the majority of my shares in the .50's & .60's...
Still have a small position in this... really disappointing... Wow!...
$EDXC
Solid move!... looking very bullish... headed to $2.40... some resistance at the $2.20 level...
All IMO...
Long $XXII
LOL!... post of the day...
I think we're all good bud... IMO you timed this one just right... easy .40 move off this level... GL...
All IMO...
$TGODF
Big gap ready to be filled... moving higher...
All IMO...
Long & Strong $TGODF
$NACNF / $META acquisition??... rumors swirling in light of Tilray / FOUR 20 acquisition...
This company gets ZERO respect!...
$NACNF
Strong pre market... looks like another good day is in the cards...
On another note... really nice move off the low... lots of pain before the gain...
Long $CGC $WEED
Really strong move today... a lot of buying out of the gate... felt the pain over the past month now seeing green... feeling more confident in trend reversal with today's move... IMO anyone that bought recently, bought at or around the low...
All IMO
Long & Strong $MJ
$$$$!... Nice pop off the low my friend... IMO we are all in at the lows... the way I see it... upside outweighs downside tenfold at these price points...
We're rockin'!...
Very long $NACNF...
Setting up for a big move IMO... MACD & RSI are prime ... I think $TGODF announcement today influenced the entire sector...
Cannabis 2.0 on the horizon... sunny days ahead...
All IMO
$MJ
Bought more myself this AM... im right there with you... weak hands selling... smart $ is buying.... GL...
$TGODF
A total of 28.8 million shares were exchanged at a negotiated price of $3.00 per unit... The block trade was executed on September 3 after market close... Don't know who absorbed those shares...
EDMONTON , Sept. 4, 2019 /CNW/ - Aurora Cannabis Inc. ("Aurora or the "Company") (NYSE | TSX: ACB), the Canadian company defining the future of cannabis worldwide, announced today that on September 3, 2019 , Aurora disposed of its remaining 28,833,334 shares, representing 10.5% of the issued and outstanding shares of The Green Organic Dutchman Holdings Ltd ("TGOD"), at a price of $3.00 per share for aggregate gross proceeds of $86.5 million . The completion of the sale of TGOD shares represents an approximate 50% internal rate of return for the Company. As a result of this transaction, Aurora no longer holds any shares of TGOD, however does continue to hold warrants to purchase 16,666,667 shares of TGOD.
This is good news!... the ball and chain is finally off $TGODF leg... I never like the fact that Aurora had ownership so early in the game... now with them gone, it opens up the floodgates for a stronger player to step in and partner or acquire them...
I still don't like the fact they have warrants... I'm sure this will work itself out too...
Positive takes...
Improves revenue and margin potential by recovering offtake of TGOD's premium organic cannabis
Boosts TGOD's institutional ownership ahead of potential NASDAQ listing
Unlocks opportunities for new relationships with third party partners
All IMO
$TGODF
Cannabis M&A And Financings Nearing $10 Billion YTD, Up 77% YoY
The Viridian Cannabis Deal Tracker is an information service that monitors capital raise and M&A activity in the legal cannabis industry. Analyzing within 12 key industry sectors, the Viridian Cannabis Deal Tracker provides cannabis companies, investors, and acquirers with the data, trends, and intelligence they need to make informed decisions regarding deal valuations, terms, and structures. Since its inception, the Viridian Cannabis Deal Tracker has tracked and analyzed more than 2,400 capital raises totaling over $29 billion as well as more than 800 M&A transactions.
https://finance.yahoo.com/news/cannabis-m-financings-nearing-10-191135596.html?.tsrc=rss
Cannabis M&A And Financings Nearing $10 Billion YTD, Up 77% YoY
The Viridian Cannabis Deal Tracker is an information service that monitors capital raise and M&A activity in the legal cannabis industry. Analyzing within 12 key industry sectors, the Viridian Cannabis Deal Tracker provides cannabis companies, investors, and acquirers with the data, trends, and intelligence they need to make informed decisions regarding deal valuations, terms, and structures. Since its inception, the Viridian Cannabis Deal Tracker has tracked and analyzed more than 2,400 capital raises totaling over $29 billion as well as more than 800 M&A transactions.
https://finance.yahoo.com/news/cannabis-m-financings-nearing-10-191135596.html?.tsrc=rss
Nice price action over the past few sessions... Feeling that Cannabis 2.0 buying has started on anticipation... At the very least we get a relief rally up to the $26.00 - $28.00 area...
Summer is over... the big boys are back $$$$...
All IMO
$MJ