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1. Be it a rock or a grain of sand, in water they sink as the same.
2. yes they do, so do we - each share benefits equally.
3. The last time Canopy Growth needed cash from Constellation to fund the operations, they needed to sell shares and warrants at deep discount, what makes you think next time will be any different?
You know all this bullschit has got me thinking about something real though.....this whole situation is a good reason for Bruce to spin off Rivers before August....those warrants are not able to be exercised until then, meaning they are not shares, meaning a warrant wouldn't get you a rivers share too.....
if a WEED share was to get some fraction of a Rivers share as a dividend - well it benefits current shareholders for that to happen before those warrants are exercisable - because that would be a good reason to exercise them early
correct, good thing like that can't last forever - if an option or warrant did not have an expiry date, they would only be exercised immediately before selling the shares they represent, unless dividends were to come into play....
this(article below) is a good example of a company increasing its dividends in an effort to entice an investor to exercise it's options early
https://www.cnbc.com/2017/06/28/berkshire-bofa-warrants-dividends-fed.html
I think the most important product in the future will be vagina lubricants, because everyone wins, we are already ahead of the game there. Foria is the most important brand under the canopy
The only reason they invested in Canopy is to make money, to increase the value of each and every Constellation share.....the agreement is already done - they bought CGC securities with cash.....common shares and warrants. They made a great investment at an opportune time, but they are not going to give up on some serious profit for our benefit.
I never said that the R&D agreements don't matter to CGC or constellation, I am sure they are going to have a long and prosperous partnership together...
I am just saying that a warrant to buy a share is in fact more valuable than a share itself - there is no way they are going to pay money early to take on more risk just for the benefit of all WEED shareholders, even if they are WEED shareholders...
the warrants might as well be shares - they are not eligible for dividend payouts but that is a non issue here, they don't come with voting rights....but that shouldn't be an issue either, unless they wanted to get on the board and help steer the company....but other than that a warrant is better than a share....you have the right but not the obligation to purchase a share
for them to exercise early AND keep the shares long term- it would be giving us $250 million now instead of two years from now, for the same exact outcome on their end. It would be a lost opportunity. Why pay in August when you can pay April of 2020 and get the same outcome?
If they really want Bruce to have $250 million more capital they could approach them about a loan or something....that is really all I got to say about it, this is ridiculous
That is the dates that the warrants are allowed to be exercised - they can currently sell the warrants as is, and the holder of those warrants can exercise them early on those dates and either keep the shares or sell them...
there is just no reason why anyone would want to exercise a warrant early AND keep the shares....because there are no dividends there is absolutely no reason to do it, but there are good reasons why you wouldn't want to do that.
First of all, there is a tiny, miniscule, but more than zero risk, that before these warrants expire the price drops below the exercise price....so by holding the warrants you don't share that risk....it is possible someone were to pay $13 to exercise one of those warrants only to see the price drop to $10....
another good reason, why would any investor agree to pay $13 now instead of $13 years from now for the same thing....
warrants have all the benefits of share ownership but less risk and no immediate need to provide capital....
the only reason why someone would want to sell the warrants or exercise them early is they believe the stock is overvalued on the market....
you got me there...and it is kind of pointless to talk about until August....let me know when you find out they exercised their options prematurely for the benefit of Canopy Growth Corp, when they increase the amount of common shares they own via premature exercise of those options, I will be glad to say I was wrong as soon as I see it, peace
30 months - so almost 2 years left on them....I suspect that they hold onto them for the majority of that time left, and they would exercise enough to maintain their 9.9% ownership position because of the dilution and sell the rest....
if that is overthinking....guilty as charged....I mean I don't really care either way, just doesn't make sense so I am pointing it out....
when this heads back down into the 20s I will be smiling
Constellation has not and will not exercise those options to increase their position in CGC - because such action would not increase their position in CGC. It is a stupid idea,- if they wanted to increase their position they would need to buy more shares....exercising options early does nothing to increase their position in the corporation - an option to buy 2 years from now is better than a share, I don't know what else to say about it, peace
Can't believe how close that is now!!! I say too much is said about this June 7th vote....it is a foregone conclusion, always was....
the real catalyst that is June 8th and June 9th - G7 meeting hosted by our boy Justin Trudeau here in Quebec....
i believe the timing has real significance....Thursday, Friday, Saturday - could be a lot of news on the subject of cannabis - something to put in the Sunday newspapers and fill the airwaves for a bit - could be that the Senate vote is just a set-up - but can you imagine the entire G7 agreeing to put a stop to reefer madness in some way.
On June 7th the Senate votes on something that is clearly in opposition to treaties signed by all the members of the G7 that show up the next day, that isn't a coincidence...even the Don will be there, the Trump will be on twitter telling us he always supported the legalization of cannabis....
It is going to be an obvious topic, nearly every country attending has a domestic political debate on the issue - its an easy win, they can argue about refugees and international trade and all that crap and not get anywhere.
I think this script has already been written, they are going to show up and put on the show
No it won't - don't do that OG! I mean I read some stupid schit on this board, but that is just wrong...
I actually believe they may exercise the options early to sell them, recoup the cash they invested - and that would give CGC more money - but Constellation cannot and will not exercise and hold - because it is wrong and cannot be justified, it would be illogical....CGC cannot be undervalued and overvalued at the same time - exercising the options suggests it is overvalued, holding the stock suggests it is undervalued - ERROR!
if CGC would benefit today from an additional $250 mil in capital, they could and probably would raise that by selling the stock at or around $34 a share....
but the idea that Constellation would just abandon their shareholders value for the benefit of WEED shareholders is ridiculous....
they simply cannot and will not exercise those options with years left on them AND hold the stocks....because that is the same as a decision to buy the stock, and you would only buy the stock if you thought its value will increase in the future....and if you think the value will increase in the future than it is stupid to prematurely exercise the options....
Constellation isn't some four year old unicorn, they have real analysts looking at them, they got a real board, real responsibilities - they would get fired and sued - it just can't happen. If Constellation wants to help us out, why not just give us some cash - its about the same thing you are describing...Constellation could just give us their Corona distribution business and a interest free loan while they are at it....
its a big catch 22, it doe not compute, wrong, can't happen
that makes absolutely zero sense - if they have the options they essentially already own the stock and the only question is whether they want to part ways with cash now or two and a half years from now.
The ONLY reason why they would prematurely exercise their options would be to immediately sell them...i.e. they think it is over valued and the cash they receive is worth more then the options they hold....
the only other possible reason that they would prematurely exercise their options AND hold the stock would be if CGC started paying dividends and they wanted to collect the dividend - obviously that is not the case here.
if they were to prematurely exercise their options and hold the stocks, they would get sued for gross negligence
if they wanted to increase their ownership position from here, they would just buy more stock, those options will only be exercised by constellation towards the end of their lifespan, if they get exercised prematurely it will be to sell the stock at a profit...
100% wrong, not going to happen - they WILL NOT exercise those options prematurely in order to hold the stock - ZERO chance of happening....fiduciaries are not allowed to throw away other peoples money, that schit would most definitely make headlines - Jim Cramer would schit!
you think Constellation is going to prematurely exercise their options on a stock that doesn't pay any dividends....and not sell them?
ok - that would make a great headline - "Constellation throws away their shareholders value to get on the news"
i will for sure, when the time is right for me
sure, every time I have sold it was a fail, whatever you say
awwww, thank you, I won't be all in on Monday or any time soon, but maybe one day, we will see.
I didn't say that...and I am watching it
its RBC that is saying I am up 3000%
maybe this will help
RBC Direct Investing uses the Modified Dietz Method to provide an approximation of the performance of your portfolio over time. It adjusts for cash flows (deposits, withdrawals, transfers in/out, withholding taxes, federal/provincial taxes and administration fees) to calculate the monthly performance. Monthly returns are geometrically linked to calculate returns for periods greater than one month.
absolutely, I was out completely during the Bedrocan and Mettrum mergers, also I was out completely early this year....the shares I have now, I guess you can say I got them in February...
I know, now they got 140 acres (6mil sq, ft?) under production, or soon will have it..
if that is the case, the market capitalization of this corporation amounts to over $50 million per acre - that's some premium farmland we got!
i actually don't remember that, I remember buying at .22, never sold anything at that price, think I sold some a few days later at .28, not sure anymore....put the money on TWD, or was it CGC by then?
when I started Feb, 13th 2015, market value of $80 million, now it is approaching $8 billion....100x the market value in a little over 3 years...
over 5 times the outstanding shares, over 17x the price per share...
and now people are betting on a 'technical breakout'....maybe it is time for me to take a break
Jan 02 it started at $30.69 - went up to $44, went down to $21.....
we will see
not a bet on valuation - but speculation that someone at some later time will pay more for the stock.....
always
in the future every country on earth will be trying to export cannabis - it is sooooooo easy to grow and extremely effective - think about it, imagine if you only needed a gram of beer to get drunk
I just want to say - I always knew for certain that a TWMJF share trading on the OTC was not as good as a WEED share on the TSX...
but a CGC share on the NYSE is just as good as a WEED share...congrats to all the american investors, because your shares will be nice soon
Oops, it was Ruskin that wrote unto the last? I don't know who Rifkin is, but I will check it out
Unto the last? I tried getting into that one....I prefer Tolstoy...and some science fiction has had some interesting stuff about post scarcity societies....just read this amazing book 2312... In it they described a form of capitalism where someone can only achieve an individual reward by way of doing something or providing something that benefits the whole society...
Because really that is the only problem with capitalism, there are too many ways and work being done that doesn't create value for society but transfers value. Like someone buying a patent on a drug and dramatically increasing the price for example. There shouldn't be an economic incentive to behave in such a manner
Started with TWD and OGI, but since then have invested in BED, MT, TSLA, and
Solar city
I agree with that for sure, certainly a fortune in my eyes, just a few CHI options for Bruce :) probably the equivalent of a monthly bonus
Maybe relatively but not so sure in absolute terms....I figure it's about $210k profit, $140k unrealized and about $70k cash. CAD
I started with $1300 investment and over 16 months invested a total of about 25000, and then cashed that out at $4.86...at the time I had over 11000 shares, now not so much??
Alright, but I just want to make sure that it's clear that I have not officially hit 30 bagger status just yet, right now I am probably over the line but it won't be confirmed unless we hold or go up from here for the end of month pps....
I think.this would be badass, because it would be a thirty bagger in less than three years for this account....my other account nearly got there but I cashed it out before making it
And if I let an account go to zero it erases the cumulative performance chart....
Short burn of the century, will mark Spiegel investors help me buy a Model 3?
That is true about the NYSE, but I am just 100% sure that will be a good thing for the pps in the short term, CGC will most definitely be analyzed by more serious people and institutions will place their bets, I believe that weed will make another sale of equity for the occasion, Bruce mentioned around $75 million.....
As more and better investors get involved the market price of CGC will inevitably move towards it's true intrinsic value
If my position doubles in value I'm buying me a model 3 or Y, $550 is my target for that, just made it up, but that should be plenty...
I am still a weed shareholder, i just reduced my position by 50% yesterday, in the morning when it was green, and yes, I will probably buy it again, depending on what opportunities the market provides
you need to apply for the free government money - that 4.9 billion was just sitting on the table waiting for somebody to pick it up.
Don't blame the man that picks it up, your problem has to be with the persons that put it there in the first place - write your congressman
Hey all, I am new to the board, bought 192 shares this morning, I also prepared to average down at $240, and will continue every $40 for as low as she will go.
I will never sell at a loss, I invested what I can afford to lose, what we can't afford to lose is Tesla