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Cannabis Stock News: GrowGeneration (OTCQX: $GRWG) Purchases All the Assets of Grand Rapids Hydroponics
Creates a GrowGen Michigan Operation in Excess of $15 Million
3rd Quarter Revenue is Tracking in Excess of $20 Million
https://www.investorideas.com/news/2019/cannabis/09033OTCQXGRWG.asp
Sector sentiment has been firming over the past few weeks... many stocks are off recent lows...
Bloodbath in some of the larger names and ETF's however, many mid-tier and smaller players have already started moving on anticipation of Cannabis 2.0... some never participated in the sell off at all (ex $GRWG)...
Companies like $VRNDF are finally getting rewarded for their earnings, not just their name or who's throwing money their way...
We are at the "show me the money" point...
All IMO...
$VRNDF
With the recent news developments & Cannabis 2.0 on the horizon... heading back up above $1.00 USD...
ALL IMO...
$VRNDF
Teetering on a break out... $5.50 in sight on light volume...
$GRWG
Trading like a NYSE blue chip... gaining recognition and interest... Holding this one for the long-term... not too many that I do...
$GRWG
Congrats to you too... Stock has been solid recently... nice bottoming chart pattern... setting up for a nice move... I see $$$$ on the horizon...
All IMO...
Long $XXII
It's been a cliff dive to say the least... need to find a bottom... Cannabis 2.0 coming... I think we get a bounce.., but then again I've been saying that for weeks...
$YOLO
I think we get a oversold bounce to $26.00 area... nice candle put in yesterday on decent volume... $23 bottom?... Cannabis 2.0 on the horizon... whether this is the bottom or not, the downside risk across the board is minimal IMO... Some of the mid-tier names have already stated to move on volume...
A move up to the $29.00 area would set us up for a head and shoulders...
I'm locked and loaded John...
$MJ...
Delta 9 Cannabis scores record revenue ahead of TSX listing... Delta 9 recorded record Q2 revenues of $8.9 million, up 1,142% from last year.
Ummmmmmmmmm... ya mASShole... enough said...
P.S.... my $VF% short position I covered was a frickin' sweet trade!... my trading account thanks you for drawing me over to that msg board when you did...
...
$VRNDF
Looks like the stock price is building a base at this level... Considering the recent carnage across the board, we're holding our ground... IMO it looks like they are preparing for Poss to exit... this would be a huge a step forward...
That's all it takes is a few strategic moves to turn the ship... that's exactly what is happening here...
All IMO...
$GBLX
Vape industry is on the rails regardless of what you're vaping (THC or Nicotine)... very, very concerning...
I'm long $CVSI, not exactly sure how their product is advancing... knowing the tobacco industry dynamics through following $XXII, I can't see them putting that many eggs in that basket... they lack the capital to play with the FDA and big tobacco in that regard...
All IMO...
$MJ
I'm smoked up here... I'm wondering the same thing... where the hell is the bottom?!... the price point that I'll average in is $20.00...
$MJ
Bloodbath across the board... time to accumulate not sell...
All IMO...
$CVSI
Looking for a bottom... short position covered... lets hope this holds mid $9's... 200 day sitting at $9.68...
All IMO
$VFF
It just keeps going!...
A lot of shorts out there covering slowly... the volume has been steady since the beginning of July... Looks like the next leg up may be coming... if not... Low to mid $4's...
All IMO...
$GRWG
Canopy Growth Shares Rise Premarket After Seaport Global Upgrades To Buy From Neutral -- MarketWatch
Canopy Growth Corp. shares (WEED.T) rose 1.6% in premarket trade Monday, after Seaport Global upgraded the stock to buy from neutral and said it now looks attractive after a steep selloff. Canopy shares are down 7.4% in 2019, while the S&P 500 has gained 13.6%, following two declines in the broader market that coincided with a large selloff in the cannabis space. }To be sure, cannabis has been a risk-off trade to this point, and the Street has had to reset growth and profit expectations for the space and Canopy, alike," analyst Brett M. Hundley wrote in a note. "However, we would argue that cannabis beta needs to improve going forward, particularly for CGC. In addition, forecasted cash for Canopy cannot be valued on a 1-for-1 basis; it will likely be multiplicative." The analyst assigned the stock a $31 price target, that is about 25% above its current level. Earlier Monday, Constellation Brands Inc. (STZ), which has invested $4 billion in Canopy, said it expects its share of the Canadian company's second-quarter losses to come to $54.3 million on a net basis.
Also a lot of pressure on tobacco... there could potentially be a bifurcation between $MJ and other pure plays like $YOLO... though I like $XXII for their smoking cessation technology (also in $MJ ETF), I don't like tobacco plays... over the past year they got hammered (accelerating volatility)... with the crackdown on cigs and ecigs, the future isn't looking bullish for that sector...
Not concerned $MJ's 420 holdings, it's the tobacco...
Well see what happens... looks like T stocks may get a bounce...
All IMO
$MJ
Locked and loaded... only a matter of time...
All IMO...
$MJ...
As goes $CGC/$WEED so does the sector...
Regardless if your a fan or not... all ships rise and fall with this tide... I'd be careful what you wish for... that is unless you're short across the board...
Looks like we may be $20.00 bound... legging down...
GL
$CGC $WEED
Double top on the short-term chart if we don't hold $5.00... Trade down to the $4.60 - $4.80 level before $5.20 retest...
I like the way this is trading...
All IMO
$GRWG
Just bought $CGC, $MJ, $YOLO recently... took a few days off... come back to being slightly crispy...
$CGC... $20.00 brings in the big buyers IMO... all ships rise and fall with the tide... I'm ready either way...
$MJ...
The selling pressure has been relentless since earnings... and it ain't retail...
RSI = 26... hammered... just broke below 52 week low...
Getting smoked up here... catching the falling knife does that... looking for capitulation before buying more...
$CGC $WEED
$5.20 breakout or back down to the low $4's?... it would set us up for the next leg if we can get a close above $5.00...
I can see this consolidating in this range before we make that move higher... (Hope I'm wrong and we skip this part)...
All IMO...
$GRWG... Hands down my top performer this summer!...
Spread tightening... which direction are we going?...
$NACNF
Same here... been accumulating known 420 names over the past few weeks and have some dry powder... looking for an entry point here...
Cannabis 2.0 is coming... trade on!...
$HEXO
Creeping up off the low... picked a few more up when we hit $20.00...
Need some volume here...
$YOLO
I think we're there John... nice candle put in today on decent volume...
Cannabis 2.0 starting to move us...
$MJ
Item 5.07 Submission of Matters to a Vote of Security Holders.
On August 15, 2019, the Registrant held its annual meeting of shareholders. At the meeting the shareholders voted on a proposal to amend its articles of incorporation for the purpose of increasing its authorized capital from 400,000,000 shares to 600,000,000 shares. The proposal is more particularly described in the Registrant’s definitive proxy statement on Form DEF 14A filed with the Securities and Exchange Commission on July 2, 2019. On the record date, there were 244,698,769 voting shares issued and outstanding. At the meeting, voting by proxy, 154,537,861 shares voted in favor of the proposal, 66,925,374 voted against, 3,981,672 abstained, and there were 7,971,336 broker non-votes.
$GBLX
Next leg up?... nice candle put in today... feeling it Andco... need to get out of the $4's...
$GRWG
Ooooooooook tough guy... Too comical... LMOA!...
My order is in @4.00...
$VFF
The Gap back in January was never filled... This could technically trade down to the $3.80 level... not out of the question...
I'm a buyer at $4.00...
$VFF
National Access Cannabis Corp. (OTCPK: NACNF) (TSX-V: META.V) Canada's largest cannabis retailer, recently announced it has received an additional license from the Alberta Gaming, Liquor and Cannabis Commission (the "AGLC") to open a cannabis retail store in Medicine Hat, Alberta. The announcement comes following the previously released news that the AGLC has lifted the moratorium on new cannabis retail licenses. The Company also announces the planned opening of two new retail locations in August, with an additional 5 stores anticipated to open to the public in September and October.
"National Access Cannabis now has 10 new licenses granted in Alberta since the lifting of the moratorium by the AGLC, and we've been working hard to get these stores open to the public," said Mark Goliger , CEO of NAC. "With our plan to open 7 of our recently licensed locations across Alberta in the next three months, we look forward to the sales and revenues from this increased footprint. With our operating expertise and proven track record of retail expansion, we see a clear path to growing our store count, and we plan to continue successfully expanding our retail stores across multiple jurisdictions."
National Access Cannabis Corp. Provides Sales Update for Retail Cannabis Operations Since Federal Legalization
Load the boat!...
https://finance.yahoo.com/news/national-access-cannabis-corp-provides-233300356.html
$NACNF
So true... it's happening across the board... Cannabis 2.0 opens the flood gates this October... this is the next catalyst which has already started to move weed stocks across the board... also... just bought back in across the board... including $VRNDF... No doubt... edibles will be huge... big money is accumulation now... buy low sell high...
On another note... I wish people did more research and actually had a clue before posting crap.... Just sayin'...
$VRNDF
His post count speaks volumes... ZERO CREDIBILITY!... spewing drivel...
$VRNDF
The bottom is in... you're late to the party...
Cannabis 2.0 coming to a town near you...
All IMO...
Long $VRNDF
Nice call on the .20...
Question... what's causing the selling pressure today?... I haven't kept up here... only have a small position left... could be a good re-entry point...
$EDXC
GrowGeneration (GRWG) Could Grow at Annual Rate of 100%
Good read... seriously pumped me up... LOL!...
https://finance.yahoo.com/news/growgeneration-grwg-could-grow-annual-223148964.html
$GRWG
I was questioning that too... no word on any other message board either...
Shares outstanding according to TDA 249.3 Mil...
Anyone know the results of the of the additional shares vote?
I would considering averaging in the event this falls to $25.00 ... $20.00... $16.00...
Cannabis 2.0 coming... these prices are a bargain... $20.00 & 16.00 would be a gift... double down at $16.00...
Only a matter of time until the ETF's heat up...
All IMO...
$CGC $WEED