hey all, I am looking into RRSP account transfers and it seems complicated, and I figure someone here knows whats up for sure....talking about Canada RRSP....

so lets say one spouse has an RRSP account but the couple is thinking of a separation and they want to split up the assets.....

so can the one with an RRSP account open up an account for their spouse and transfer the assets into it - and no one faces an immediate tax penalty?

i want to see a nasdaq listing announcement on 420.....

I expect something good, nothing out of CGC tomorrow would be a major disappointment

could we get a little copypasta? Quote it all

the idea of a Canopy Rivers spinoff just doesn't make sense at all to me, and let me explain to you why....

you would think the CGC Board of directors must and always will act in the best interest of WEED shareholders...

and if that is the case, the only time they would sell a part of our corporation is when they are receiving more value than they are selling...

like if Rivers had an intrinsic value of $100 million, then I would expect them to sell it only at prices above a $100 million valuation.

Now this same board of directors has majority voting rights for Canopy Rivers, so effectively they control the board of directors of Rivers...

the Board of Rivers should only act in the best interests of River shareholders, but a major owner of Rivers is Canopy which controls the Rivers board....

so I just don't see how any change can happen without there being a major conflict of interest....

when Rivers raises money from private investors that is the same as Canopy Growth Corp divesting our interest in Rivers...but Canopy Growth Corp adds money to it later, adds our capital back into it....

I mean come on people!!!!

oh yeah, what this corporation needs is a forward split

now that I think about it, I need more money - Im going to the bank, changing my twenty dollar bill in for 4 fives.....

gonna see if I can't get one of those 5's to spin off a couple toonies and an oonie

yeah, CHI was bad, but I can at least see this concept of wanting to seek out private investors that also happen to be PhD's in biotechnology or something....

but with Rivers....our name, our expertise, our industry leading position, our employees....Canopy Rivers is only a success through its association with Canopy Growth Corp.

I mean really - if Canopy Growth Corp controls all the voting rights of Canopy Rivers - can't it be thought of as one mind.....so when we buy buds from Canopy Rivers...how is the price decided? who negotiates between two companies that are controlled by the same board of directors..

I am just not the type of person that is okay with a person cheating us, but only a little bit....

how much Rivers stock does Bruce own?

oh, we could very easily have it all, if we simply demanded it....our board of directors controls the voting rights of Rivers - it is still entirely under our control

if it were up to me the last thing I want to see happen is my equity being split up into two or more entities....because at that point one corporation must be a better value than the other and I am know for a fact that I am not in the best position to evaluate which is which...the way I see it that is what I pay Bruce for, and I feel he is literally trading against us on this one -

I feel we as shareholders should know exactly how much of Rivers is owned by members of the CGC board and it's executives...I would bet my left nut there are massive conflicts of interests here.

no - if it were up to me Rivers would cease taking in private investors money, and Canopy Growth Corp would invest $100 million into the thing to bring our ownership position closer to where it should be....eventually buy out the private investors and consolidate it 100% under the Canopy where it belongs

i find it laughable that investors here are looking forward to a Rivers spinoff - as if cutting something in two makes it bigger

by they you mean the board of directors of APH - I agree they have done and will continue to do very well. They found a way to increase their position in a valuable corporation without having to add any value to it....a recipe for success!

and I feel that is the same thing that happened with rivers, just not to the same degree

think about it....last Rivers raise - they got 26 - we put up 5, private investors put up 20 - that 20 went to livewell by the way....

that was Jan 10th.

on Dec. 31 they had $237 million on hand, and on January 17th they began the process to raise another $200

and Canopy Rivers is still completely controlled by our board of directors - we have the voting rights....

so why would our corporation that controls this other corporation agree to diluting our position in it? Is that truly in WEED shareholders best interest?

oh yeah, I still remember their justification for it.....

https://www.canopygrowth.com/wp-content/uploads/2018/01/Rivers-26-Million-NR.pdf

this is the latest news about the deal though.....apparently it is good to own some of Canopy Rivers, but not good to own all of it....

I mean that right there, explain that to me - is Rivers good? if so, it was ours to start with, why don't we own it anymore? Is it bad? then why we investing in it....

neither of those make sense - we are getting robbed - just a little bit, and they are making us so much money so it is easy to forgive.....the company we own is going to pay the people that did this to us bonuses - specifically options to purchase our stock years from now...but whatever, we are making money

no, not recently - last time I heard they raised $26 million from outside private investors while WEED had about half a billion in cash on hand.....

don't mind me, I should do my dishes

i just think it is crazy wild the stuff these guys get away with. Aphria and Nuuvera is nuts

I think that Canopy Rivers was definitely not fair to long time shareholders here....they started with our name, our employees, our capital, our expertise - and they made it private - we got some voting rights but WEED shareholders don't own half that thing now....

we got robbed, Bruce got to invest in it, why not me? I think in general investors just don't care enough....we ought to realize that guy works for us, he works for WEED, he is an employee - why the hell would we pay somebody to phuck us over?

when it comes right down to it - we are all owners of this business - we are partners - and unfortunately my partners don't mind getting robbed....Canopy Growth Corporation was in sole possession of an amazing opportunity and our board sold it cheap to outside private investors and themselves

CHI was a disappointment, but you know what maybe that might make sense for shareholders - but I will never agree with what happened with Rivers

love it how they mention APH in there, just got done buying Nuuvera Inc....what a joke!

invest in APH? bend over and drop them drawers - can you imagine being a long time investor in APH and then you hear they are buying a company essentially put together by the board of directors.....

nine hundred and ninety nine, maybe

good luck on that - should be fine. a long while back I was considering the margin thing, but I never got a clear understanding on the rules, and when and how I would need to put up more money if things didn't go my way

you know I think about TSLA and WEED like that all the time, it wasn't too long ago they had pretty much the same outstanding shares - WEED has been diluted faster since then....

TSLA has entrenched competition, it has to develop new technologies, their margins suck nuts, they have these crazy supply chains, and just absolutely crazy working capital requirements.....

meanwhile Canopy Growth Corp is the leader of a new industry, the technology necessary (agriculture) is the defining technology of our species, and our margins are fat, the need light bulbs and dirt to get the job done.

I mean I have no idea how many tens of billions in revenue TSLA needs to turn a little profit, but I do know that Canopy Growth Corp needs revenues measured in the hundreds of millions to start really profiting...

all that being said - Tesla is my favorite corporation on the planet, I invested in them briefly during the Solar City merger, i took the ride between $180 and $240 or so, but in the end I realized that the chances or major gains are much better with WEED.

Canopy Growth buds can get you high, but not as high as a falcon 9, does anyone here think that Netflix's Lost in Space is a decent show?

he is talking about the double negative in the sentence.

isn't that clever?

this is very interesting - and it seems legit - he is essentially selling dried bud cannabis - but if you are to separate the trichomes from the buds it becomes a much higher percentage - essentially a concentrate at the same time you can just call it dried bud.

I mean think about it - you pull one trichome off a cannabis plant - is that a concentrate or is that just a part of the plant?

this is blurring the lines - but if no solvents are used.....

i mean where do you draw the line...if you pick off just the nice buds off a plant, isn't that creating a higher concentration of THC than exists on the entire plant.....they are just taking that to the next logical level

always gamble what you don't have and cannot possibly pay back...

i remember my dad had this book called 'the millionaire nextdoor' - i actually read the thing, not sure he did, his lifestyle certainly doesn't reflect any respect for the material....

one thing I remember was something in there about the average millionaire went bankrupt a few times before they made it....

also live well below your means....(unfortunately I can't get my wife on board that concept or I would be well on my way)

when you ain't got nothin', you got nothin' to lose

i remember feeling like that, when it dropped under $1.60....my solution was cash advances on credit cards

Canopy Growth is awesome, I just cleaned up some of the dirt on the board, WEED is good, billions and billions - peace

my take on it - there is a massive new industry on the horizon and Canopy has the absolute best team in the best position on the planet to take advantage of it.

as far as the share price goes - well if you were looking for a ten year payback period...7.18% ROI - well you would want to see the price of this stock at $60 by 2028.....ten years from now.

and that would give it an estimated future market capitalization of about $12 billion dollars to reach that target

and what would make a corporation worth about $12 billion dollars? I say it should generate earnings of at least a billion.

So, i say if you think this corporation has any chance at all of reaching $1 billion dollars in earnings within the next ten years I would assume that today's price is a fair buy....

now recently they achieve a gross margin on operations of 70%, so if they had revenue of $2 billion, they would have a gross margin of $1.4, subtract $200 million for general expenses and $200 million for taxes - and it is possible...

recently it has been suggested that this corporation could see $1 billion top line revenue very soon with recreational cannabis...

in my opinion this is a fair price and one of the most attractive upsides on the market today. In fact, in my honest opinion, if you have a multi-year investment timeline, this is the best stock to buy on the planet right now.....it's essentially a young Coca-Cola

really it comes down to how fast it can generate 'real' profits - and I think it is essentially guarenteed that this corporation will reach a billion dollars in earnings far sooner than in ten years

there is a lot of animosity here sometimes it seems. Right now I generally try to remove posts that talk shit about other people, except if it is about me - I let those stand

“Very soon, especially in the context of the recreational market, you are going to see real profitability, with people wanting to see that this is a cash generating business that’s going to pay dividends – all the things you look for when looking for investments.”

He added: “You’ll see billion dollar companies on top line revenue very soon once the rec market opens up. That also means that other forms of capital become available to you. It’s not just equity play every time, you’ll have things like convertible debentures and debt instruments and those are the term sheets that we’re seeing right now.”

so I think what he is saying - is very soon CGC will be a billion dollar revenue corporation, and will have access to debt financing.

thanks for the encouragement. I am already a daytrader I guess. Since Jan. 2nd this year I have effectively sold 320 shares I have withdrawn over $23,000 from my account.....that is the ultimate effect of all the trades I have done since January, selling 320 shares at an average price of about $80 a share....

but I don't think I have a passion for the market, or even a desire to do this crap anymore....it was a means to an end, but it turns out the end I truly desire cannot be purchased with this currency....

I think I just made a breakthrough in my mind, I can't buy it

it was, worst part is the cannabis withdrawals

I wouldn't bet my kitchen sink, because I need it to do dishes.....but back in 2015 I sold my Xbox for $300 to buy shares.....

now those shares would be worth about $4500, and I could rebuy that xbox for $150

Canopy was halted because they received a license, doubled their production capacity, when big news like this happens during trading hours, they halt trading and issue a statement

when the stock price went up, this was not news yet....

the trading halt does not have anything to do with the report that Trump would support states rights legalization in the USA - that is the news that prompted the increase in price....

it is all very interesting, and I am bummed out because I start a job tomorrow, and will not see any of the trades all day, that was kind of the point of getting a job, but I kinda regret it now, good thing is I can always say "FU" if the jobs sucks - because I got WEED.FU money.

so I am thinking about this $2 jump off the 'shelf' and what that means to the value of my portfolio....or how about what that means to Canopy Growth Corp...about $400 million dollars in market capitalization...

and what was the catalyst for this shift in value....

https://www.forbes.com/sites/monazhang/2018/04/14/gop-lawmakers-hope-to-help-cannabis-company-with-their-advocacy/3/#5444cf392036

well I believe there may come a situation where the United States allows for states to craft their own cannabis laws - it could be a situation where it is illegal for their to be interstate cannabis trade, no exports - but foreign corporations could own subsidiaries in individual states....

I think this could be a fair scenario for the rest of the world, a federalist system being described.

The main issues that we don't want to see - is US cannabis exports and US cannabis interstate trade.....I think it would be great if they made it legal for Canopy Growth Corporation to operate in Colorado, seeing how Tilray is operating in Ontario.

Like if I had a wishlist - it would be no exports, no interstate trade, how about no multi-state operations or corporations based out of the USA - If US based operations had to limit themselves to one state while Canadian LP's could compete every state it's legal.....

based on certain conditions it could be very advantageous for Canadian LPs, maybe the bigger the LP the more advantage....I think there could be very little downside to the United States legalizing cannabis, I just don't want a situation where Canopy Growth Corp is competing internationally with US corporations with less regulations and I don't think that could happen.

being able to import cannabis to USA would be on the top of that wishlist, but I don't see it happening, but i hate the idea of US cannabis exports!

I think when the G7 gets together in Canada the day after the Senate approves C-45 - all the governments are going to get together and recognize that the treaties on cannabis are all bunk

G7 meeting 54 days away, Quebec, Canada - show em how it is done JT!

would US legalization be good for Canadian LPs or bad?

Is the current federal prohibition of cannabis in the United States an overall benefit to Canopy Growth Corporation or does it just slow us down, long term, would CGC benefit from prolonged US prohibition or would investors be better served by USA legalizing cannabis?

the way I see it, if the Federal government of the USA legalized medical and recreational cannabis - or put that issue to the states - and they prohibited exports, if they allowed imports from Canada - and allowed foreign owned subsidiaries to work in individual states - if they didn't allow state to state commerce in cannabis - this could be very beneficial to Canadian LPs....

if somehow the US government just completely repealed their cannabis laws, and opened it all wide open, no regulations, and they were allowed to export - that would be bad....

really?

if they can double production in just one day, they should be able to increase production 16 fold in a work week....

but at that rate of growth it won't be more than a month or so and the entire planet will need to be turned into cannabis and smoked....

pretty sure the bull market started a couple years back for this stock.....but it shall continue

"This is all about focus and execution for our expanding team at Canopy Growth," said Mark Zekulin, President, Canopy Growth. "We have spent four years establishing the largest licensed cannabis production platform in the world. This afternoon with two key licensing milestones, we doubled it."

im interested how much they have in inventory and maybe how many tons they produced in the last 3 months, that is it

I wish they had decent shirts with the Tweed logo that you could play golfing, my dad's birthday is coming up and unfortunately he found golf....

I am not sure but isn't it required to wear collars while golfing or some schit.....I remember once my mom invited me to play tennis someplace and you had to wear white- i refused

Aphria always reports after the opening of the market, usually at 10:37 AM mountain time, that way the market gets the information in the middle of trading, which has always been their strategy

but no one else in our sector is reporting

those were some great questions, hope I helped