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I can definitely afford to lose todays investment in TSLA, and I will NEVER sell it at a loss...and if she goes down further I will put more money down - I am behind them 100%, shorts won't cover with my shares, I know that - this means more to me than money, I don't want to live in a world where a company like that is allowed to fail, I don't want my kids growing up in that kind of world...
we need weed and Tesla, so that is what i support
CHI and Rivers......we got played....trust once broken never rebuilds
one thing is for sure is I am never satisfied, in trading and in life, I always want more...it doesn't end...there is no finish line I am looking to cross, I tried to stop a bunch of times, but the market keeps showing me these opportunities....like I sold it all at $30.69 at the beginning of the year - first trade of the year was me dumping this stock market price....but when it repeatedly dips down below my sale price, I can't help but buy it back up
this is not my fault, the market is doing it to me...its addictive and its all I can think about....and honestly I am a little pissed off no one has thrown me a parade
the nasty thing is people think it is just luck, or they don't consider it work...but those people don't spend half their life searching out anything of interest on google news...all I do is read, and I would be reading that stuff whether I had money to invest or not...
you know it is a shame, I know intellectually that capitalism is a sickness, its a disease - but the cure is nowhere in sight, I want my girls to have it better than I did growing up, so I play the game and I love it - it's poison but I love the taste
what happened here is a miracle - and I want you to acknowledge it!
bit more complicated than that....they put up some cash for sure, but so did CGC.....bottom line is they sold something to private shareholders, and now they are buying it back at a massive premium - that's our value going out the window and into the pockets of who knows - we know Bruce got some, maybe his favorite cousin got some too - it is private, and it is not cool.
The whole industry is doing it one way or another, it is a small consolation to know that we are among the least screwed over investors in the industry, but still we got screwed
according to RBC direct investing....and I am close, at the end of March (33.66) I was really close, then it went down but i put a bunch more on WEED I think it was $28.40, so if it were to get back to $33.66 I would be doing much better than 3000%, but after todays trade things get complicated...if Tsla stays where it is right now and WEED hits 33.66 or better by the end of the month....I will be comfortably over 3000, or if WEED stays where it is and TSLA does good, or any combination of the two....won't take much from here to put me over the 30 bagger.
The stock went down here today because I sold some of it, sorry about that
That is a good look at the situation, still got to wonder how many 1.50 options Bruce got for doing double duty as CEO for both
and honestly I was always less impressed with the Canopy Rivers deal - the reason being is that I could see the need for having a private corp with the biotechnology issue to attract PhDs and organizations like that Brinkley thing or Dr. Marc Ware...
but Canopy Rivers is too much, I can't see any need for it - just greed
I don't need or care for an explanation...his actions speak louder than words ever could
If I really cared enough I would drill into the Sedar statements and try to get an idea of what it cost us, but that wouldn't make me any ROI, and all I care about is ROI
Is there anyone here who thinks that the move to make a private corporation with nothing but our equity, our intellectual property, licenses and our position in this new industry, and then some time later using our equity to buy it back is poor performance....
I mean I can see why Bruce did it, why be CEO of one corporation, when you can be the CEO of two? I am sure his investments in Canopy Health have outperformed our investments in CGC...so I can't really blame him, if it were me I would have done the same thing, knowing I would get away with it, laughing all the way to the bank...
but I am not him, instead I am entrusting him with my capital, and it bugs me that he is not willing to simply collect a generous wage and some stock options in exchange for managing my capital, he has to do some side deals to grab some more of our equity, in ways I cannot control or stop...
so am I alone, or does this bug anyone else
- when I say Bruce it is more accurate to say the Board of directors at CGC, and I am talking specifically about the Canopy Health and Canopy Rivers private corporations
so far was a good move, CGC went down from where I sold it, TSLA went up from where I bought it - that is all I am concerned with, putting capital where it belongs
I am not happy at all with CGC management, and today I sold half of my position and put it on TSLA. The problem I have is the whole Canopy Health issue - I believe management made it into a separate private entity so they could invest in it themselves, and now they are looking for a fat payout....
the same with Canopy Rivers - I believe these deals do not add value, they are value transfers - from public retail investors to private investors - and that is essentially the only purpose of these separate private entities built with our equity....
I would have sold the whole bunch, but my wife argued for a half and half position...
I guess anyone that invested in ACB to begin with is the type of person that would be ecstatic about these moves, glta except acb
Aurora is all but guaranteed to under perform WEED - it was a dog, now its a dog with fleas, their two most recent transactions have done nothing but lower their capacity per share. By consolidating they are simply transferring equity from one group of shareholders to another (at a nasty premium!) - they are not creating value, they are transferring value.
This is a very common trick used by value destructive management - their ability to issue themselves stock options is dependent on the amount of shares outstanding - with these moves they drastically increase the amount of outstanding shares, they are managing a larger corporation - so they will be able to get away with issuing themselves more stock options....
I feel sorry for long term shareholders of Aurora - waiting all this time for some decent performance, and these moves guarantee it ain't coming
The day of reckoning has finally arrived - Aurora stock is tanking, and Medrelief failed to capture that 18% premium at current prices.....
this deal is NOT valued at $3.2 billion, not as far as the market is concerned....
meanwhile CGC up over 8% so far for the day.....I love the market! short term it can be irrational and ineffecient, long term the cream always rises to the top!
I need $33.66 for something significantly over 3000%
well I did mention a 10 year timeline. $100 a share is nice, $30 to $100 is 233% ROI - annualized 12.79% ROI
that would be very nice, but I am talking dreams....
I was telling my parents this weekend that Canopy Growth has a market value of $6 billion, and the reason why I own it, is because I believe it is possible that within 10 years they would have annual earnings (after tax profit) of $6 billion.
my dream is $300 a share
I think $3.2 billion is not the number to be concerned about here, anyone owning Canopy Growth right now is valuing our corporation at over $6.4 billion.....
the crazy thing about this deal is the 18% premium they paid to control the thing.....so they are implying that current MedRelief management is bunk and must be replaced - and the scale and effeciencies gained by such a move is Worth an 18% premium...
if Aurora management thought that MedRelief was Worth $3.2 billion on its own as is, then they should have just bought up some of the stock....instead they were willing instead to pay an 18% premium to control it, that is Aurora shareholders will be paying an 18% premium on their share capital to shareholders of Med....
I got a feeling that retail investors around the world are getting overly excited about this industry, and they are getting robbed....
Aurora will be the number 1 in production, revenue, market cap - it will be the largest cannabis company in Canada by a wide margin...
but the medical market has always been messed up - you can only get one authorization through a doctor, and LPs pay doctors to steer them their way...
when consumers have a choice, when the recreational market kicks off, all bets are off
if another company is willing to destroy shareholder value to be the biggest in the market, it is just not a path we can follow...our management is focused on being the biggest in the world but they are going to get there by creating a great company, not through buying out major competitors...
so I will go to Newfoundland, one of the few places in North America I haven't been yet, was planning on going just to see a tweed shop, but a production facility/tweed shop - i bet you they have other stuff to see in Newfoundland as well, National parks and whaling museums or some shit - got to be a decent ferry to get there, or something....
i just checked it out - ferry takes 12 hours, 12 hours of driving to get to the ferry, so I can be in Newfoundland in 24 hours of travel, I don't know where the store is yet, but whatever....not a big deal, I will be there on opening day.
12 hour ferry ride is only $120 one way! That is worth it just for the ferry ride alone - going to stay at Terra Nova national park - this is cool, I needed something to look forward to.
that's it man, I'm going...I know i would dig it the most
https://mjbizdaily.com/cultivator-to-sell-cannabis-at-production-facility-a-first-in-canada/
humans are hard wired to see patterns - survival mechanism....
the reason it went up from $2 a share...is because this corporation is worth more than 1/2 a billion, some believe it is worth significantly more....like $6 billion!
when I first invested it was $2 a share - it had a book value of $40 million and a market value of $80 million - that situation has no connection to the one we are in now, except for the name Tweed I guess, even though you may see a pattern of some kind, it is nothing but a coincidence....
The real significant number is $30.69 CAD, as in the first price this stock traded at this calendar year...
this stock hasn't gone anywhere all year, my portfolio did though....
So if Aurora or Aphria wanted to enter the Newfoundland/Labrador market - they would have to go through us....
Canopy Growth Corp is nationwide - and the only LP that is nation wide, the only LP that has any possibility of being nationwide...
essentially guaranteed to win the most market share, and market share is the number one predictor of long term profitability/ROI, especially in the consumer products industries....
Hands down Canopy Growth Corp is the biggest and best dope slanger on the market today, I think owning any other LPs at these valuations is just plain stupid.
2 to 40 would be 1900% ROI, if that is the best you can do with this market, I wouldn't be ashamed of it - no one is perfect
a few years back - the only thing that mattered was obtaining a license and growing some bud....anyone that did that a few years back made a ton of money, but that can't continue.
in the future, what is going to matter is market share, access to markets, being on the top shelf...
EMH has absolutely nothing that would increase the value of this corporation, they are in the business of marketing their securities to investors, and they do a good job of it, but that wouldn't help us.
I don't think Canopy will be buying any LPs again, there is nothing out there that we don't already have - this is just my opinion
i would rather Canopy Growth Corp buy a fat bag of dogshit before that debacle!!!
you can't put a price on mental health...
if Aurora joined with either Aphria or Medreleaf they would also be #1 in revenue, they would move the most buds....
market cap don't mean much to me, but we must remain the largest single producer and supplier of cannabis in Canada
i believe the margins for actual production of cannabis will need to come down at some point.....these greenhouse operations just veg and flower, providing us a raw ingredient.
The real value is at Tweed Smith Falls, the breeding, cloning and providing the genetic material with IP protections, processing into premium whole buds and oil, the oil of course can be further refined into finished edible consumer products, like beverages.
and of course distribution and the finished product supply agreements....
in these greenhouse partnership - we have a partner that is only in the business of growing a plant...I think it is great that we started that entirely in house to learn the business before taking on partners....
and its about financing too - Bruce can't get a loan, and wants to favor capacity expansion over immediate cash flow....so I think these partnerships with large greenhouse operators is great.
are we talking about the Quebec tomato people, or the BC tomato people? Either way the answer to your question is yes. He has explained why he creates partnerships with greenhouse operators...to bring experience under the Canopy.
"The Joint Venture allows us to expand our operational footprint for greenhouse production while increasing our institutional knowledge of operating large scale greenhouses," said Bruce Linton, Chairman and CEO, Canopy Growth. "Our cannabis expertise already operating the largest cannabis greenhouse in the sector combined with experience of our new partner's extensive large-scale greenhouse production record, is great news for our customers and investors."
"The joint venture allows us to expand our operational footprint for greenhouse production, and establish a much larger foothold in Quebec," said Bruce Linton, Chairman and Chief Executive Officer, Canopy Growth. "The fusion of Canopy's cannabis expertise with the greenhouse expertise of Les Serres Stéphane Bertrand is fantastic news for our customers and investors."
motivation can take many forms, the most popular one in this day and age on planet earth is the desire not to starve, doesn't make it logical.
ultimately we will have to recognize capitalism as just another form of feudalism....and cannabis will help I am sure.
think about this - just to reach the top 1% of the earth's richest people by net worth, just in CGC stock - it would require 25,666 shares...at $30 a share. In other words, the poorest person on the richest 1% in terms of wealth is worth $770,000.
Now as for income - to be the least earning person in the top 1% you would need to make $32,400 a year.
So if you were to start at $0, and you were in the top 1% of earners, and you somehow lived without spending a dime - it would take over 23 years of working to reach that level.
Although you would never actually get there, because the net worth of the richest people on earth grows much faster than the income I am talking about....
however, if you had 770,000 making 5% interest....you are automatically included as a top earner....which suggests that most capital on the planet must earn less than 5%....
if you are not a millionaire, you are a slave - why would we do that to our family???? Migrants striding the world looking for a place to exist are our evening infotainment.....its a bunk system
this is why I can't wait for the legalization of cannabis, people need to slow down and think and ponder what is really going on - en masse, in my opinion that would be good for our little family floating on a rock.
Hopefully it will lead to one of those generalized revolutions - like the renaissance for example.
we are all direct descendants - we are all cousins, we are all direct descendants of mitochondrial eve and y - chromosomal Adam...
the most recent common ancestor for all of humanity would be Eve, a woman that lived no later than 100,000 years ago...she is everyone's great, great,......great grandmother.
One day we will stop the nonsense and have a nice family reunion, no weapons allowed.
the idea that 'Canada' and 'communities' can engage in negotiations for control over this earth's resources without including all the human beings on this earth is wrong. We are all indigenous to planet earth, and if one can draw a line in the dirt why not everyone...
in the end it is force that rules - when you claim that this is your land, the deed is the gun in your hand...
laws are nothing but justifications for the use of force
the label 'indigenous' is synonymous with 'human' - some humans will make the assertion that they have a special interest claim in this or any other situation, others won't
the ironic thing, the legalization of cannabis might work to help open peoples minds - so that eventually this crap won't be worthy of print
the problem with the phrase 'indigenous people' is that there is no such thing, and if there was every person living on this planet would qualify as one.
what we got is a group of human beings setting themselves apart from the rest as different in some way, with different and better claims to this world's resources
Canada needs to drop the guilt, one thing all humans have in common - our ancestors killed other human beings and took land from someone to survive - we are all colonialists, we are all indigenous - in fact we are one big massively inbred family - we are all cousins
finally!!! I was wondering when we would see some real TA for Canopy Growth Corp - I was getting so tired of the comment board amateurs doing hack job technical analysis of the situation....when so clearly they have no idea what they are talking about!!!!
when real analysts get with the program, that is going to bring a lot of focus to this stock - this guy knows how to put a line on a chart, I know that much!
this guy even has a name for when I remodeled my bathroom - he calls it 'investor trail off'