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Good or a bad thing? Raises Cash...
https://finance.yahoo.com/news/innovative-industrial-properties-acquires-property-225500254.html
Now we know why the Capital Raise! Takes money to make money! Strong! IIPR!!!
https://finance.yahoo.com/news/innovative-industrial-properties-acquires-property-225500254.html
Dodging bullets. Glad I rolled out of this name and most of my Canada holdings. Gonna be on the sidelines in Canada until they get their act together...
I thought about it. But I’m not touching anything Canadian until they get their act sorted out. I’m not selling any positions, just letting them ride, but not adding anything North of the U.S. border for the time being... MSO’s are gonna surpass Canada very quickly...
Cresco and Green Thumb are the only 2 places I added to on this virus dip...
This and Cresco are the only 2 places I added to with this virus dip.
We’re good!
Not bashing. Still own my original shares I bought in 2016 for .92 cents U.S., but banking on what I say is true and will load up for the next earnings quarter with a full 3 months of high margin 2.0 products on the books. Canopy is gonna tank the Canadian sector too. They haven’t had enough time to right the ship.
With the share count so high, there is plenty of time to add shares and reap rewards of good news. Even a Nelsen Peltz announcement won’t move 1.1 Billion shares more than a buck and any announcement will take 3 months to see any revenue from. I’m willing to miss the initial news pop to put my money back in here when the company is on better footing... Good Luck to All no matter how you play it, I only see bad news this quarter...
Not getting back into this name until after earnings.
Here is your future earnings “Reality Check” call Transcript:
“Not enough stores open in Canada
Little to no revenue growth this quarter
Germany sales halt hurt revenues by 10%
Little to none 2.0 high margin sales in this quarter
Losses are huge but lessening
EBITDA pushes back
Cash remains a concern
Any proceeds from sale of TGOD in the balance sheet are a one time “non-recurring” revenue that only looks good for one quarter”...
Lastly, with over a Billion Shares any good news will only move the needle .50 to a Dollar. Terry isn’t waiting to drop big news on Midas Letter. A publicly traded company can’t legally sit on good news, they have to announce so insiders can’t load up prior to the public. That’s insider trading and you go to jail like Martha Stewart...
After giving this more thought, the unnamed company must be a private entity. A public company would have to be disclosed or a non-payment dispute, the name would have to be disclosed or insider trading could occur. Just my .02, let’s hope they pay and this blows over. Still a good lesson for MediPharms to not extend credit to LP’s until the cash crunch is over and more retail opens up and things are firing on all cylinders...
This is a hopefully one time event and should or might only impact 1 quarter, so seeing it as a buying opportunity if there is any pullback at all...
Lastly, if you read about CoronaVirus, the Flu is way worse. It’s not new and most people who get it don’t even get symptomatic unless you have a terrible immune system... Happy Trading.
This could all get resolved quickly as the LP is the one who would get clobbered if they don’t comply and their name gets out. Still it is a bad sign / look for the Canadian cannabis industry on the whole. Too few stores opened up and now the lower than expected revenues are starting to bite the industry and trickle down to service / suppliers like MediPharms. Didn’t really see this coming and it makes a compelling argument that any future investment money is better put to work in the U.S. MSO’s until Canada can get their act together. Consolidation is coming. Whoever is not able to pay their 10 Million dollar obligations is truly a company on the ropes...
Would I take a big drop in MediPharms share price, because of this issue, to load shares for future profits and revenue growth? Probably, but our time horizon might be extended... Not a great development and I hope MediPharms learns a lesson and doesn’t extend credit too far or too big in the coming future. GL
I don’t believe Aurora has a contract with MediPharms. Emerald seems more plausible... Let’s hope it gets resolved quickly and easily...
Lesson learned for the future... Don’t get too extended, I learned that in my construction job. Payday is on Friday, if you don’t get paid, no work on Monday gets done.
Hope so!
Dividend should be a dollar a share. Better question is how much is the new secondary 2 Million shares priced at? Still only 15.2 million shares. Lowest float around.
Make sure you all sell on the “Ask” and not do a market order and continues the downward pressure...
It’s been 4 years for me. I’ve aged 10! Something has to happen. 25 Million Dollars. Aletheia, New CEO, Cytocom...
I just hope the Reverse Split doesn’t evaporate the little bit of equity I have left here... GL
Same! $2.89 U.S.
Addicted to buy any red days. Share buy-back, profitability all have me intrigued for a good earnings quarter and beyond...
As someone who has owned Aurora since 2016 and was in under $1.00 U.S. Let’s face it, the next earnings report is gonna suck. I can hear the excuses now, from not enough stores open, to no 2.0 sales on this quarter and Germany sales halt. I’m not short, but Canopy and Aurora are going to tank this rally on February 14th. I’m holding my shares for the freak partnership factor, but have put 75% of my attention and money into MSO’s since August. They help me sleep at night and already have good gains on them. It’s nice to see green...
Canada trading with the U.S. always drops the ball...
HEXO dumped the sector...
I’d take 1/2 the price target estimates on all these MSO’s... I own every single one mentioned. Trulieve my #1!
Epic! I’ve owned both for quite a while. OGI over 3 years.
Let me beat DWarren to the punch. “Assured” By Who?...
Now you’re talkin’! Hehe! Go HEXO!
Can’t forget about them big the first Cannabis company to announce share “buy back”! That’s a bullish sign!
As people see money back in their accounts after the mid-penny doldrums, you might see retail selling over .07. Thus, putting pressure on the stock to be allowed to run up until fickle retail is done selling any spike and volume in the millions gets this moving. Of course to get that volume we need juicy news / PR...
TerrAscend! My best stock of the day! Let’s be stoked people!
F-Yeah! Get ‘em Kim! I love the tenacity and conviction!
This company has its act together. Eventually we will be rewarded... #profitsmatter
Good! I own all 3...
Buying into any manipulated weakness!
Cresco CEO on CNBC! Good Job! Looking to add into any manipulated weakness...
Liking this! About time the Market Manipulators let this deservedly run...!
So everyone thinks this is opening down because of one of those class action B.S. announcements. #buyop!
Funman I got into Cresco because I was looking for more U.S. exposure and Danny Moses of the “Big Short” who rubs elbows with everyone in the industry said Cresco and Green Thumb were his too favorite MSO’s. So far am green on all my buys...
Whoa! I own all 5 and have built positions at or near 52 week lows on this second half 2019 meltdown! Hope all 5 kick A** 2020!
Low Float. Profitable. Experienced Management. Low Cost High Margin. To 2020 Village Farms! This the year we get recognition...
Same here! Profits matter!
I’ll take it after this 2019 debacle across the sector... We deserve some victories...
So in the dark I’m sorry I can’t answer that for you... The Alethia News was cool, but wish the new CEO would give us a state of the union and fill us in on plans / timing etc...
I guess he’s only been here 3 months, he doesn’t understand we’ve been starved for answers for 3+ years...