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IT SUX RIGHT NOW! WTF!
NEWS IS OUT:
Press Release: Golden Leaf To Acquire Tahoe -- A Leading Nevada Producer
TRADING HALT PENDING COMPANY NEWS....WHAT IS IT?
HAHA GO WOLF!
oh, man, was it already posted on here in the last 9 days? i don't catch up on all the posts on this board when i'm off a day or two apologies to all that already read this info
I READ THIS YESTERDAY FROM MOTLEY FOOL:
Why Canopy Growth Corporation Stock Fell 10.1% in July:
What happened
Shares of Canopy Growth Corporation (NYSE:CGC) fell 10.1% in July, according to data provided by S&P Global Market Intelligence, after the company got a little more competition in the pot industry.
So what
Canopy Growth stock sold off ahead of the IPO of Tilray, Inc. (NASDAQ:TLRY) another Canadian cannabis supplier with growth aspirations. Tilray being public doesn't necessarily change Canopy Growth's earnings prospects, but it adds to the places investors can put their cannabis investment dollars.
I don't think it's a coincidence that the low point of the month for Canopy Growth was the day after Tilray's IPO. There was a rotation of investors out of Canopy Growth and into Tilray, which had the short-term impact of pushing shares lower.
Now what
Sometimes the mechanics of the stock market are more important to a stock's short-term performance than a company's actual earnings results. That's what I think we're seeing here in the dynamic between Tilray and Canopy Growth. There wasn't a fundamental change in Canopy Growth's business in July, but the stock's move is a reminder that the cannabis industry is small and volatile and something little -- like a competitor's IPO -- can affect the company's stock price.
So you are saying the medicinal cannabis is bad that people have been using for years from Canadian LP's?
yes split approved but it was actually the wording behind the split that was approved - "the resolution authorizing the Corporation to amend the Corporation's Articles of Incorporation" passed
So CGC can do the split or not and they don't have to tell shareholders anything else about it. If they split the news will be in a press release
3.575 shares ACBFF for each share of MEDFF plus some a penny or so...
i am in US and i have shares of medff in my account BUT they haven't converted to ACBFF yet my broker says it could be another 1-2 weeks before the conversion happens
have anyone else's medff shares converted already? i can't do anything with the $$ that's in my medff shares - for the last week! ugh
i want the acbff shares but not having access to my medff shares is unsettling
we used to take trips to Amsterdam (from usa) for cannabis back in early 90's since it was legal and coffee shops sold it and grew it in plain site.
they have been growing most excellent weed for a long time
doesn't the rest of europe get theirs from netherlands too? i mean it is top shelf stuff
Heineken is already in with their Lagunitas HI-FI HOPS in California in 5MG and 10MG THC strengths
TLRY opened at 23.05 - IPO priced at $17 - no way for the "regular guy" to get that price...yet
GREENSTAR CANADA INVESTMENT CORPORATION REPORTS 13.5 PERCENT STAKE IN CANOPY GROWTH CORP AS OF JUNE 2, 2018 - SEC FILING Source text - https://bit.ly/2usGL8k
Those "I's" Linton uses bother me a bit too. As a public company I feel he shouldn't be using "I's". I had to watch his interviews a couple of times because I was in disbelief he was speaking that way. Note to Linton...please understand you are head of a public company with many employees and investors and we don't think you are the only one doing things there...great job but consider your whole company-it doesn't sound too good using the "I" word - all IMO of course
Go CGC - but not starting out good today but yesterday was crazy up day
What does this mean? Did CGC give up dollars or stock for the Livewell shares? Thx
Agreed! Make the potency higher so the edible can be a nibble if it has to be sweet.
It's not just you...i feel ECSTATIC today!
WOOHOOOOO
WEEEEEEEEEEEEEEEEEEE! GO CGC!!!!
I accumulated a few more CGC shares under $30 this morning.
WEEEEEEEEEEEEEEEEEEEEEEEEEEEEE $$$$$$$$$$$$$$$$
Who is rescheduling - US? If it's US then the whole MJ sector should rise up to the occasion!
Go CGC
WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE
I'm in Austin too! Good luck to your sister on the grow.
Another step toward USA removing Cannabis from the bad drug list.
Go CANOPY
WEEEEEEEEEEEEEEEEEEEEEEEEEE
WEEEEEEEE
New 52-week hi for CGC
WAHOOOOOOOOO $$$$$$$$$
thank you for this info
thanks i understand it's hard to consistently grow at home besides expensive (lights, fertilizer, seeds) so if i needed medical mj i would def buy at the store (or online)
I have a friend visiting Canada this week. He is watching CBC TV while there and sent me a text to short CGC! I am long CGC so this was a shock to me.
Among other things, he said there was lobbying by the LP's against home growers and causing the delay. He is trying to find some MJ and can't find a place to sell to him - he said even the medical shops were shut down waiting on the bickering to be done and get out of limbo. I guess he was just too early to the country - he should have waited until late fall for the rec shops to open I guess.
BRIEF-Aurora Cannabis And MedReleaf Agree To Amend Original Deal
REUTERS 5:03 AM ET 5/25/2018
Symbol Last Price Change
ACBFF 6.937down +0.12108 (+1.78%)
QUOTES AS OF 02:18:11 PM ET 06/12/2018
May 25 (Reuters) - Aurora Cannabis Inc(ACBFF):
* AURORA CANNABIS AND MEDRELEAF FILE ARRANGEMENT AGREEMENT AND MATERIAL CHANGE REPORTS
* AURORA CANNABIS INC(ACBFF) - AURORA & MEDRELEAF AGREED TO AMEND ORIGINAL DEAL
* AURORA CANNABIS(ACBFF) - CONSIDERATION UNDER DEAL INCREASED TO 3.575 AURORA COMMON SHARES AND $0.000001 IN CASH FOR EACH MEDRELEAF SHARE
* AURORA CANNABIS(ACBFF) - AMEND DEAL TO INCLUDE, IN CONSIDERATION PAYABLE TO HOLDERS OF MEDRELEAF'S SHARES, $0.000001 IN CASH FOR EACH MEDRELEAF SHARE
* AURORA CANNABIS(ACBFF) -TAXABLE CANADIAN RESIDENT MEDRELEAF SHAREHOLDERS ENTITLED TO ELECT TO RECEIVE TAX-DEFERRED ROLL-OVER TREATMENT IN RELATION WITH DEAL Source text for Eikon: Further company coverage:
The ACBFF and MEDFF deal was amended lower...my calculations have a $23.?? price for MEDFF from ACBFF
Good thing we can invest for the long term...not a pump and dump stock here!
Go WEEEEEEEEEEED!!!
I will load up on the cheapies if it's in the 7's again!
GO CGC
LOOOOOOONG
I think the medical facet of this will be awesome especially when the FDA approves the GWPH product!
When the Feds reschedule Cannabis it's gonna be great!
200 million shares outstanding according to my broker's website...not sure how up-to-date this is
thank you
Was reviewing financials for CGC
I am very long this stock but wonder what happens if we keep getting diluted...
Debt to Capital only .86% means virtually all their growth is funded by issuance of new shares with very little debt. That means dilution. Market Cap $6b with revenue of $54m revenue last year and margin of 9%. This is definitely a high risk investment especially with issuing stock to fund their growth via acquisition.
All comments are welcome...
Still more buy than sells for CGC at Fidelity!
CGC CANOPY GROWTH CORPORATION -1.0637-1.0637 (-3.52%) 358358 69% Buys, 31% Sells 159159
Today on my broker's website for top 30 orders by their customers this:
29. CGC
CANOPY GROWTH CORPORATION -0.5937-0.5937 (-1.97%) 218218 69% Buys, 31% Sells
On my broker's website there's a list of their top 30 buy orders for stocks traded each day and for the last two days TWMJF was 17th and 23rd! This is exciting! GO CANOPY!!!!!
Just like in the USA - States can only sell what is grown in their state. Even known brands - they have to make it in the state it is selling in. Maybe that would change when the federal govt changes the classification on cannabis but for now it's in the states hands and that's how it is.
If there is a long delay till legalization - how does all the cannabis produced to date "keep"? Does the THC and CBD stay as potent in storage?
No, this stuff called K2, etc. is not from a dispensary. It's sold legally in the US from smoke shops/head shops. It is a synthetic (man-made) weed look alike. It is very bad, like bath salts are bad to snort! JMHO tho...