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I dont know if you guys notice but if you go on to Ryan Lange's Instagram account and click on his photo, you'll see some videos periodically posted. Currently, there's a video of some of their new packaging equipment.
I just noticed that they revamped their website. It looks good.
That 900k volume in Canada was on Friday. CSE was closed today too.
Yes, in the US its 30 days before you can repurchase the stock. It's called a wash sale otherwise. You can definitely repurchase, you just can't take the loss for tax purposes. Your cost basis does not change.
It's funny that you view this board as some sort of state regulatory agency. Do what you need to do son. Make your killing shorting this stock.
First, stating something online does not make it true. For example, "California has been secretly reselling confiscated black market cannabis in order to make up for the shortfall in cannabis tax revenue." I said it online and so it must be true. Also, you can especially believe me with my enormous online posting history of ONE post and absence of any evidence to back up my claim.
Second, encouraging people to short would be extremely difficult as most large brokerage firms do not allow shorting of OTC stocks. Those that do require enormous margins.
So if your goal is to cause the stock to slide, you're doing a poor job.
I agree. When they expand capacity is when the real value of the company will be realized. At this point, I just want them to generate enough revenues to fund operations and start expansion. It would be great if they can do it without raising too much external capital.
Paul Chow just cancelled some options similar to what Mike did before. So, I would expect another private placement using those options as an incentive.
You'd also be a terrible reporter. Getting the facts means confirming if rumor is true before posting it. If I told there was a fire in two of the grow rooms and that they were hiding it from everyone, would you then go online and post it immediately? How you would you confirm the rumor. Do you have the ability to go to the location and see for yourself? Did you call the Coaling Fire Department to see if there was a reported fire? No you don't. You just go your keyboard and post away.
You're right. They'll eventually have to target the affluent market. However, at this time, there's still the stigma of recreational cannabis use. It's hard for me to see a significant segment of the affluent, wealthy population walking into dispensaries. There's just not enough of those willing individuals to move the needle. Maybe in the future, but right now I don't see those individuals wanting their other wealthy neighbors seeing them smoke cannabis.
Looks like maybe that's where the options went - to the private placement.
It's the cancellation/reversal of the equivalent option granted on 2/8/19.
I hope people understand that when NXGWF purchase SDC, it was for the brands/partnership that they had developed. SDC was only one yr old when they were purchased. There was no large scale operation and so revenue was/is non-existent. What NXGWF was really buying were the developed brands.
My biggest concern after looking over financials is not revenues, as I was expecting nothing as of 06/30/19. It has always been and continues to be cashflow. My hope is that they can generate enough revenues in the later part of the 3rd quarter to fund continued operations without having to get more funding.
LOOK AT THE DATE. FINANCIAL STATEMENTS AS OF 06/30/2019. That was 2 months before first harvest. Average investors will understand dates. No explanation needed.
Next quarterly will be for as of 09/30/2019, showing revenues roughly 1 month after first harvest. That's why fourth quarter (as of 12/31/19) will give us a better picture of the company's potential.
Let's talk about earnings. I think there's probably a lot of expectation on the initial earnings numbers. I would like to temper some of that expectation. I don't think earnings will be mind blowing mainly because they just finished their first harvest less than a month ago. It just takes time to process, package and shipped out. And they can't book earning until it's been delivered. If they release earnings year to date, it'll probably be driven mainly by Loki products. I think we can get a better understanding of the company when we see 4th quarter earnings. The other thing I am anxious to see is their operating expense numbers. - update...MD&A just release, I'll have to take a close look....
Everyone should consider the "twitter" comment in context of the poster--the same individual who has fretted over a litany of "issues" that most of us would deem insignificant.
Yes, very good update Charles. Thank you.
I've added shares this past week. The risk/reward is too good for ME at this price. It may not be for everyone. I have a higher risk tolerance (it's probably why I also do options trading). I also understand the anxiety around the share price. There's not much I can say to alleviate those anxieties. It has probably caused those with longer investment horizon to shorten it to months or weeks or even days.
As someone with a significant investment in the company, I can only say what I plan on doing, which is to be patient.
Apparently hartluckCBD.com website having trouble with spike in traffic. All good signs.
Good PR on Forbes. That's the kind of mainstream media we need.
https://www.forbes.com/sites/javierhasse/2019/08/15/carey-hart-cbd/#4e7485f3755d
Honestly, I don't know if it's good or bad. The big question is who takes his place?
Being critical of any company is important. If you were to tell me that you looked at the company's balance sheet/P&L and were concern about the company meeting short-term obligations, I would give more stock in what you had to say. But instead, your concern is that people with million dollar investment in a company would spend all their time smoking weed. That's the difference between YOU and everyone else here.
Amen!
Btw this "Twitter person" that chuck keeps mentioning sounds a lot like the Charles R Lacy on Leigh's Twitter feed. If you're trying to hide yourself Chuck or Charles, at least put in some effort and change your handle. Your're not fooling anyone.
OMG! You obviously do not have any understanding of the financial markets. You should not be investing in anything. And I suspect you probably only own 10k-15k shares and you bought them because you read some nice things online. You figured you'd be a millionaire in no time. But you didn't even know it was a new company. Now you're scared you going to lose your $4k investment. SELL IT CHARLES! SELL IT AND STOP INUNDATING US WITH YOUR QUESTIONS.
This will be the last time I answer any of your questions. Financial results for publicly traded companies are reported on a quarterly basis.
LOL...this post makes total sense now.
Exactly dbgolf!
Obviously investors are buying into this concept if you own 400k shares. I would assume someone who has invested a sizable chunk of money into this company would be an experience investor with some intestinal fortitude. An experience investor would cut their losses if they knew they had a loser on their hands and not panic with the day to day changes in share price. I would also hope that if you invested that much money, you would have done some more due diligence on the company than your past posts would indicate.
There are some people that shouldn't be investing in this company. Sell your shares, take the loss, and don't look back.
I think it's unrealistic to expect no dilution to occur with a new company. Raising capital through stock issuance is necessary and good if it will help to increase shareholder value.
Take for example the purchase of SDC, which I think was necessary and a good purchase. It's essentially an all stock purchase. SDC had already done most of the legwork to develop brands and partnerships that would be immediately recognizable within the segment of the population that utilizes cannabis. It's very difficult to try and position yourself in any premium market as a new company without any legacy brands. You can't simply say our products cost more because it's a better quality. No one is going to pay more simply because you say it's worth it. If the product is backed by people you know, admire, and trust, then consumers are willing to pay more. Obviously, it's going to cost more because you have to pay royalties for that but it's important to generate revenues quickly.
The purchase agreement was also tailored in such a way that 10 million shares of stock issuance (on a pro-rata basis) would be contingent upon the company achieving sales of up to $50 mil a year. Now if they do achieve $50 mil annual sales because of this acquisition, then the company can conceivably be valued at $150 to $350 million ($1.00 to $2.50 pps) with a 3 to 7 multiplier. If this acquisition achieves the desired goal of generating revenue and increasing shareholder value, then I would argue that dilution was a good thing. In addition, a NEW cannabis company that could generate revenues upwards of $50 mil a year would start to raise eyebrows on Wall Street. Analyst would then open coverage on the company and the stock price would start to rise as more investor become aware of the company. Now only time will tell if this strategy would work but I do believe it is right strategy.
Hunterdog: Thanks for the post. I was starting to get frustrated.
NamAdanac: I couldn't agree more. It's important for anyone who's thinking of investing to go on to Sedar and search for all regulatory filings, financial stmts, MD&A, etc. There's a lot of good information. And you can see the progression of the company with all their filings.
So by my calculation a $4000 gain/loss on a penny change in share price would mean you own about 400k shares. This level of investment is about what some of us on this forum have. Now do I pay attention or lose sleep when this stock swings either way on any given day--up or down $4k? Not really. I don't fret about it because it's not based on any new information.
Let's imagine this scenario:
You're a novice investor. You hear good things about a company. You see the stock price at 0.25 and you think to yourself "wow I can make a lot of money if this goes up soon and the stock is just 0.25. I'll buy 50,000 shares at $12,500 and make a ton of money. Then a month or two goes by and the stock fluctuates and doesn't skyrocket. As a matter fact, it goes down to as low as 0.17 but starts to head back up to 0.25 to where you bought it. But now it starts to fade to 0.235. You think to yourself, "I don't know why it's going down. It seems like such a sure thing. I'm scare and I can't take the stress of watching the price change everyday. I'm going to sell all 50,000 shares at whatever price someone is willing to buy it for."
On this day, this hypothetical investor would have accounted for half of the day's total volume. This individual would have had an outsize influence on the share price. This individual with a small investment of $12,500 would have influence the day's price simply because they were scare that they had a paper loss of just $750.
It's people like your twitter friend who buy, panic because the stock is fluctuating based on low volume, and then sell at a loss. I really don't care at this point whether the stock is 0.10 or 1.00. It does not change my perspective on the company. Their performance will be what changes my perspective on the company. The stock price right now is not based on any fundamental valuation of the company and if you rely simply on that then you might as well sell your shares and look for something less risky to invest. This is a new company. Be mindful of that fact. Invest what you're willing to lose and invest for the long haul.
And btw, giving any individual investor information about company revenues before it is publicly available is a Big No No. So why would Leigh give that information out to some anonymous twitter person?
Since NXGWF has yet to produce any cannabis, any product sold must be source from some outside grower. Even the label on Loki Tincture says it was grown in Colorado. You have to if you want to test the market's appetite for your products. I don't understand why it would be a point of issue with this twitter person. I don't really care where the cannabis originated from. My biggest concern is and will always be (1) can they sell their products and (2) do they have enough cash or can generate enough cash to sustain and grow the business.
They made a correction to her title.
Change in CEO would not occur without regulatory filing and press release. It is a material change.
Leigh just bought more stock.
I'm in CA. Switch to TDAmeritrade. $50 is too much.