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.
Keep pointing fingers. facts are facts
I understand you want the fault that your investment failed to be someone else's fault ( government ) but in fact it was yours.
Quite trying to pin reason to poor business execution and poor investing. You want the reason that trtc has been such a poor performer for you because of the government. When in reality it was just a bad investment. When you made the investment you knew it was illegal federally. Its human nature to point fingers and blame but when you point a finger the other 3 point back at you. Don't defend Peterson and crew don't come up with excuses for them.
The facts are they fooled you and me. I'm just happy I got out when I did. In business you have a finite amount of money that needs to be spent in the most efficient ways. Trtc did not do it. Paying for leases for years without execution is just piss poor management. You can say the reason trtc didn't have the capital is because of banking and you're right. But the facts are when they planned their buildouts and future expansion trtc knew banking wasn't an option. When you know banking and loans aren't an option way spend more then you have? No reason to spread your company too thin which is exactly what Peterson and crew did.
https://www.canada.ca/en/health-canada/services/drugs-medication/cannabis/licensed-producers/market-data/supply-demand.html.
This says it all. All Canadian companies over priced. Sales are piss poor at about 7500kg a month. Over supply will crash the prices of pot to the floor. Production battle happens because that's what investors wanted to invest in. No logic about what actual demand will be.
well apparently my phone dosen't have a cent symbol. After the last report cent signs make more sense to me. Lol. 5 million what a joke with this market cap see u all at $12.00 a share.
A joint will cost 20 cents add another 20 cents for wholesale then 40 cents for retail. Then add 40 more cents for a 50% tax rate which is high. $1.20 a joint in 10 years after legal. Should be less then that. This creates no room for the black market because the juice will not be worth the squeeze.
The real fun is to compare dericks salary to CEOs in similar companies.
Or all he could get? Time will tell nothing smart about visiting the cash advance store.
Let's talk about 98 million shares outstanding. I think after the RS. Is was 68 million. Nice extra 30 million shares out there now. Well what did we get declining revenue. The business went back wards. We increased the share count by about 45% to move backwards. Nice job Peterson.
I just added a position here in my Roth. Good luck to all.
I'm on a road trip from Kentucky to key west. CBD products have been advertised everywhere. I walked into a store on Duval st yestetday and a small bottle of oil is selling for $300.00. Seems like there's plenty of money to be made and I really liked the quarter results here.
Very nice! Bubbles are unique like that. The pop will come with time. Wont matter though if Cronos is one of the companies that survives. I have a feeling cronos will be around for a long time with their support. And price per share will be substantially higher in 10 years. I just feel it will go lower in the short term.
Same old noise from this dog but it did touch 25 last time.
Looks like stock has done great with a over paid spokesman. Nothing but tanking since his signing. Good luck
All numbers will be bad for sometime. Need more laws changed around the world. Once the world catches up with Canada then we can get excited. Looking for cgc shares in the low 30s high 20s , lock for acb in the 4s and cron around 12. Good luck to all. This bubble should burst with a nice cliff to follow.
https://www.canada.ca/en/health-canada/services/drugs-medication/cannabis/licensed-producers/market-data/supply-demand.html
I think I will trust my articles since its from Canada's website
Very interesting how they can be so different. I noticed that your article mentioned it could be a distribution problem. Very interesting times.
https://www.canada.ca/en/health-canada/services/drugs-medication/cannabis/licensed-producers/market-data/supply-demand.html.
Way more product produced then being sold.
Supply is allready out pacing demand.
Why?
Edibles come in less then a year so not very long at all. Might not get that high hopes strike price though. I bet I do shortly after the next quarter report.
I'm waiting for $6.00 or less before I re enter. Unless edibles launch sneaks up before those prices. Looking to buy in cheaper or 2 to 3 months before edibles for a quick flip.
I guess if laws change. I see .60s before $5.00. It will take major political changes for $5 per share or a completely different quarterly report.
Most here know .60's are a real possibility.
Nope Aurora is on my top 3 list. It's my number one or two depends on my mood. For me my 20 years picks as of now is acb and cgc. I will be paying attention closely and as things change I will evaluate my picks to insure I made the best choices. Hexo is my third.
Gasoline and bread didn't have the cost of being illegal originally priced into the product. Now it's becoming legal across the world. I'm not saying Aurora won't be around in 10 years or 20 just saying cost of production will become more important with time.
I heard Michigan's board is being fired for not moving fast enough though the applications. This should help the legal market. As for the weed we got it was from a caregiver who sells to the dispensaries its tested but is black market pot. The way I understood michigan was caregivers can sell to dispensaries that are in the process of apply for a state license. I know this process ended but then was allowed again for a period of time while licensed producers are being approved. Michigan's legal market might be the most poorly executed roll out in the country. The future should be very interesting and I'm excited to find out what happens. I hope I pick a few companies that will be around in 15 years. Should make for a great early retirement. Good luck on your picks. Also I was told dispensaries are in operation in michigan temporarily while waiting on approval.
It's simple supply and demand the price will fall. I don't care about black market pot. I'm talking about licensed producers. Once the world pot market becomes mature the prices will fall. There's too much room between cost of production and end price. This difference will create opportunities that companies will want to take advantage of. This will create more supply. When supply goes up prices go down.
My cousin lives in michigan and I visit multiple times a year. He gets amazing pot for $150.00. A oz. Anyone in michigan over 21 can grow 12 plants and give weed away for free to anyone over 21. If your over 21 in michigan u can legally have 15 oz.
As for your analogy of California. California's market is in a infant stage. I'm talking about mature markets that take time to develop. Just wait prices will fall. Take a look at Oregon last I read 1.2 million excess pounds produced.
There is too much room between cost of production and final sale price. This room will allow new players to come in and gain market share by undercutting current competition. This practice will drive down the end consumers price paid. This means cost of production assuming product quality is equal is the most important metric when considering which companies will be around in the future.
The price will be lower in the future and only the lean firms will survive.
I'm prepared for that outcome and will not regret it. I will just dump my funds into my own company instead.
Overbought means the share price is high. Overbought is just a matter of ones opinion.
Next easy buy and sell will be the edibles launch. I'm just waiting patiently for a good entry that may never come if partnership news comes first.
It hit 12.00 then dropped in the 4's so why can't it hit 10's then drop into the 5's or lower?
I hope its sold off if no licenses is obtained. As long as trtc owns edible gardens it will never break even or turn a profit.
How's NJ doing for your bottom line on this ticker?
Prove it
No New Jersey for trtc unless you have ranch dressing.
I think u should double down I need some more long underwear
Trtc put applications in for a med licenses and was denied or one could say trtc failed to obtain those licenses. I would assume that when NJ goes recreational the existing license holders will get first dibs.