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Will revenue increase by 30 million quarter of quarter. It will be close but I think it falls short of 30 million unless international sales increase by 5 to 10 million. Of course just a guess from someone who going to short this stock before terrible earnings.
https://www.ctvnews.ca/mobile/business/pot-sales-total-54m-in-november-the-1st-full-month-of-legalization-statscan-1.4265662
150 companies going for a additional 165 million in sales. Conclusion short till ray, canopy, ABC and cron.
I will be shorting in a few days. I hope it doubles today and tomorrow
1.38 billion shares outstanding before split. How long did it take to blow though 380 million shares.
Econ 101 supply and demand if supply goes up demand must go up faster to see a increase in share price.
https://www.ctvnews.ca/mobile/business/pot-sales-total-54m-in-november-the-1st-full-month-of-legalization-statscan-1.4265662
7.5 billion market cap
If Aurora sold all the pot in Canada for the first 3 months would equal about 150 million in rec. Sales.
There are 150 ish companies battling for that 150 million.
Thank you for the insight.
https://www.ctvnews.ca/mobile/business/pot-sales-total-54m-in-november-the-1st-full-month-of-legalization-statscan-1.4265662
Better hit that price target before earnings start coming out.
The market made this run because of the idea of recreational pot in Canada. Now the market will respond to weak rec. Numbers. The move is to short these stocks. I do understand that the players that cone out on top and lead the industry will be worth billions more then the current value bit that's 10 to 20 years out. The Us. Hasn't even legalized medical yet.
No reason to hang on during earnings just sell your long positions, pay your taxes and buy back in at around 50% less then today's share price in a month. Get your taxis taken care of and have more shares for the future.
Just wait
Let's just wait for earnings then. How much was there international sales last quarter? Lmao peanuts
I know. Was is past tense.
I was long at 53
I sold at 53. Us
These numbers come from statistics Canada. The 10 percent growth came from me. I have no idea how accurate they are but the name statistics Canada got me.
Yes it is when talking about these current valuations.
You make a compelling argument
That's 10 % of the candian market if the market grows 10 percent every month for the next 21 months. You are right too funny
Let's say 10% per month growth. That means in 21 months reatail sales for all of Canada will be 216 million Ish
216 × 12 months = 2.6 billion. If cgc catches 10% its 260 million in sales a year
There's about 150 licensed producers
Next stop should be $5.00
https://www.ctvnews.ca/mobile/business/pot-sales-total-54m-in-november-the-1st-full-month-of-legalization-statscan-1.4265662
Lmao at this rate we should see less then 1 billion in sales for the year. At about 150 companies.
Overall retail sales across Canada slipped 0.9 per cent to $50.4 billion in November. Economists had expected a drop of 0.6 per cent, according to Thomson Reuters Eikon
Too funny, lmao . Thanks laughter is the best medicine. ( besides pot of course )
I would suggest reading that article slower at a pace you can understand.
No, I wish. And congratulations on a amazing run for you and everyone else made it. I just feel this will slid before it reaches new highs in a few years.
Are you talking about all goods. Please reread. Of it was 50.4 billion these would be worth 10 to 20 times what they are now
https://www.ctvnews.ca/mobile/business/pot-sales-total-54m-in-november-the-1st-full-month-of-legalization-statscan-1.4265662.
Lmao 150 companies battle for pennies.
A rude awakening is coming. Just wait.
Only one thing can save these evaluations and it's US legalization.
It all depends if share price can hold current value. It ripped though 500 million shares in what 2 years or was it a year? Plus grows coming online most likely means trtc will need less shares for operation costs. I would say to have a educated guess we need numbers from Nevada grow first.
At the current burn rate how long untill the next RS will be needed to fix share structure?
How will trtc produce product at a cheap enough price point farming in the city?
I feel bad for u and the rest of the longs. I sure hope your right. I just will not bet on it by buying any stock. Trtc will fail before or after legalization. Piss poor decisions. Uncontrolled spending with little to no farming. The Canadian companies are getting these valuations because of grow room sizes. Trtc farming foot print is smaller then most Canadian companies clean room. Lmao to boot TrTc chose to grow where land is most expensive.
How will trtc produce a product at a cheap enough price point with current business model?
If you can answer this I will buy back in.
This is the most important part of being successful.
Can't capture market share when overpriced due to stupid business decisions on where to FARM or lack of farming
Deffently
Thanks I'll look into these.
I understand that but I'm looking for diamonds in the rough. I thought this was one but it's only been rough. I just don't see why people praise this company so much. Good luck with your investments just remember to sell every run.
I was all for trtc until I realized how bad they ran their business with all those failed projects. Trtc is still making horrible business decisions today. Let's farm in the city because that's where all the cheap farm land is. Lmao if it becomes legal federally Oregon's cheap pot will flood the Cali market and low cost farms will come out on top. So much for skating to the puck. You can not have a low cost per gram on production if in the city of Oakland.
First buy .09 last sell .31 then I flipped twice since then that was a wash. The clueless lost their ass and the traders loved it.
The clueless got slaughtered here since 2016 debunk that.
They can't
These figures put Canada in the number three spot in the global legal weed market. According to Statistics Canada, California is still in first place. Canadians spent $5.7 billion on weed in 2017, with the vast majority coming from the black market
150 licenses producers. 100k black market dealers. Canppy will be under a half billion for the first year of rec.
The cliff will come after earnings. Some people will be hurt