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The best part about Hemp becoming legal is that it clears up the banking issues still surrounding hemp associated businesses.
Even in Washington, Hemp related businesses had trouble finding a bank to fund them.
https://www.opb.org/news/article/hemp-washington-bank-umpqua-rawganique/
Support has held twice so far at .035. It will hold a max of one more time before going under and staying under.
Haas will need more money a few more times in the coming months. Any gain just goes right back down in a hurry, like that run to .05. I doubt this PR will have the same effect as the last one.
All support lines give way eventually for GRNH
Pretty sure I called it. This may be a good company to own during elections because there is a chance the CC location is open by that time, but other than that, GRNH will continue its slow decline towards the .02s
Still at least 4 months away from an possibility of a sustained run. Those who got their orders filled should be fine in the long run, but might be hurting for a while. .02s are definitely in play here.
Any large block is guaranteed to get filled right now. They need the cash to open the CC location. Who knows how much they need, but they got a decent amount today.
That .035 looks to be tested pretty soon, and probably won’t hold.
The article is from 2015.
And in the meantime, down she goes :). I guess I can expect your cheerful outlook as this stock plummets.
That’s good to know.
Expect another massive sell off at the end of the day
Never hold onto shares during a dead period. Just too much risk with very little reward.
Haas needed money to open Igot420 in CC. So he puts out a PR saying Igot420 will open in April (not happening) hoping the pps goes up so he can sell enough shares to then be able to open Igot420 in CC.
Buy time periods not prices
The selling dried out and this was poised to go on a run from the low .02s, which it did. I just figured there was substance behind this company that would allow it to run past .06. I just wouldn’t bet on that anymore. I’ll be saving most of my money to buy Canadien MJ stocks in a few months. Then onto American MJ stocks for Massachusetts/Nov ballot measures/possible NJ legalization. It will be interesting to see how Canada’s legalization effects American MJ stocks.
Not worth the risk anymore for me, but penny stocks do crazy things some times, so it’s not out of the question this stock can run. But when only 1 place has confirmed they will have HMBA things aren’t looking too hot. Especially with that PR that literally said nothing.
From Jakes Brew Bar:
No plans for it right now, but you can always check out our untappd page to see what we have when.
How is this any different than DRYS?
Finally one will have it:
From The Colorado Room:
Yes it will be on the week of 4/20.
From the roost:
We love Major Hemp Brown!!! (Yum!) As of right now, we don't have any plans to have it back on our rotating draft lines that soon. We may, however, bring in a keg of Hemperor from New Belgium Brewing in the next few weeks.
Second establishment that has mentioned Hemperor.
Again, not sure which direction the company is going in, but so far it’s not promising.
I messed up not selling Tuesday or Wednesday. Lost a few hundred, but oh well. Yesterday I sent an email to 21 establishments that sold MHBA in the past, and asked them if they will be carrying that beer in March or April. Here are my responses so far:
1. Pint Room
I don’t anticipate it coming on soon as it wasn’t a great mover for this location. We loved the beer. We are however dropping The Hemperor, a hemp IPA from New Belgium on 4/20z.
2. The Colorado Keg House
We might look into. Not on tyhe radar til maybe mid April
3. Craftworks Restaurants and Brew
Which location are you looking to visit? I would be more than happy to check with their regional beer specialist.
4. The Barrel.
We should be open early April and might have that beer on tap. Do you know who Sleep Giant distributes through?
I’ll let you know if anyone else responds.
Whoa. The $3s will not hold, and most likely will settle into the low to mid $2s for a while. You have great conviction, but that’s not going to help you make money.
Is this TRTCD or DRYS?
At some point TRTCD will be a good investment, but is that from:
$2.00 to $4.00
$1.50 to $3.00
$0.75 to $1.50
This should get crushed for the next 3 months. TRTCD isn’t a Canadien stock. No one is going to trust this until we get closer to a catalyst, and that is a ways away. Day trade this stock, do not hold onto it or you risk a substantial loss.
That float is going to increase week by week.
Thinning out looks to be almost over, look for Friday to be a bounce back and Monday to be another solid green day. The risk/reward here is better than any other MJ related stock at this time.
Plus when a company has lost 70% of its value in 2 months, you have to expect quite a few people to be skittish after 2 big days in a row. There are plenty more big days to come in the near future.
A Wednesday after two double digit gainers usually does the trick. I don’t expect too much tomorrow, but Friday should be better. Then going into next week I expect Monday to be another 20%+ day. We shall see. The PR today wasn’t much, but once MHBA is back in 30+ establishments and in cans PRs will have valuable information.
Nothing is a guarantee, but besides SIPC I don’t see another MJ/Hemp related stock that’s worth investing in other than Canadien right now.
Potential for .10+ in the next 5 weeks if SIPC can deliver. This is the time of year is when everyone wants MHBA.
Not after the first leg of the run. Possibly after a cool down though, like POTN, although I wouldn’t bet on it. Potential for a 3 legged run like AXIM or OWCP back in 2016/2017. But again that’s a risk few will take.
We have only begun.
To me, GRNH is setting itself up to have a much better run than this last December run which was pretty disappointing compared to others.
Not sure how Canada legalization will effect stocks like this, but there is still the Massachusetts and election catalysts that should spark another MJ run. There are a few other hit or miss catalysts but these are the ones to look forward to.
I just wouldn’t trust owning any shares until it gets closer to that time. Haas will have to dilute which will continue to drive the pps down for probably 3-4 months, as well as others selling who lose faith in this company. But GRNH is looking a lot more promising now than it did 6 months ago.
I left a long lasting impression on a few of you. I took all the info provided to me and made a smart choice. it appears my initial assumption was wrong. This is one of the few stocks doing it the right way, and shareholders are rewarded.
You can’t keep looking for the best price forever. Take a look at SIPC’s 5 years chart if you are curious as to what’s about to happen here.
This stock isn’t going down any time soon. The March/April run is underway. If cans are produced and MHBA is taken to California, there should easily be a new pps high for SIPC.
I guess I pissed enough of you off to do some DD instead of generic pumper posts. This is a great company. I’d be dumb not to put into this company.