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Canada is a large exporter of hemp, so probably OK, but short growing season.
Indoor. When at full capacity.
My guess would be to choose a caterer for the upcoming holiday party.
I agree, but with the proper laws and logistics, that market share can be greatly reduced. Like I said, it’s a matter of convenience.
I read somewhere that the black market still has 80% market share. The incompetence seems to be in the laws. IMO
The predicted sales estimates didn’t pan out.
The BM is more convenient to buy from. I see it all the time.
In Michigan, legalization actually boosted the BM.
I appreciate your opinion. But expectations and projections change when market conditions change. That is why there are disclaimers on all PR’s about forward-looking statements that people seem to ignore.
A couple years ago, the expectations for the sector were huge !
Due to many factors, those expectations haven’t really panned out. Companies like ACB that jumped in with both feet and banks that helped are seeing the demise of their recklessness.
I would rather see TGOD underproduce and sell out than overproduce and have inventory sitting around for who knows how long.
I’ll admit, I should have bailed on this two years ago with all my profits and wait a few years to see who comes out on top. My bad. Hindsight is 20/20.
And ...... who knows what is cooking in the oven ? New legislation and laws can turn this sector upside down overnight.
Most of my disgust lies with the government. They put the cart in front of the horse.
Cheers !
Being late to the game and learning from others mistakes is a good place to be.
https://www.forbes.com/sites/stephenmcbride1/2019/10/21/aurora-cannabis-is-dumping-its-pot-which-may-be-a-sign-its-all-over/amp/
Does anybody know if any new drugs are in the pipeline or any clinical trials happening? Thank you, staff. LOL !
If not, I’ll look when I remember to and my eyes start acting normal. I’m a sick puppy.
Yeah. And for calculating their risks and marketing based on data. How dumb is THAT !
For what ?
Yeah - In the same week !
GWPH has been initiated by Needham as a buy at 200.
I don’t see it happening, but I know nothing.
I like the plan. Overextending is a recipe for failure. If the market changes, there’s no reason they can’t go back to plan “A”. Due to Canada’s shortsightedness , they created a gold mine for the black market.
ACB will go belly up before this one, if TGOD ever does. If they can’t get a good loan rate (banks don’t like the uncertainty) this is a sustaining protocol. But yeah, share price stinks. Another option is increasing shares, but that doesn’t keep the lights on forever.
Any mention of the timeline for ramp up or did he ignore the elephant in the room ?
Yep. He’s supposed to be on Bloomberg Canada today. I hope he makes sense. That was a huge cash burn since he stated that. Still no debt though.
This sheds a little light. Brian still maintains cash flow positive by mid 2020
http://www.bnnbloomberg.ca/the-green-organic-dutchman-shares-plunge-on-financing-setback-for-pot-firm-1.1328892
This is a startup company. We got a long way to go. But I truly believe organic is where it’s at.
Banks are scared. The high expectations for this sector haven’t happened. And with the home growers, a new local black market has opened up.
I got a bad feeling this PR is a setup to justify issuing more shares.
Constellation Brands beats by $0.29, reports revs in-line; raises FY20 EPS above consensus
Reports Q2 (Aug) earnings of $2.91 per share, excluding non-recurring items and Canopy Growth''s (CGC) equity losses, $0.29 better than the S&P Capital IQ Consensus of $2.62; revenues rose 2.0% year/year to $2.34 bln vs the $2.34 bln S&P Capital IQ Consensus.
Constellation''s share of Canopy Growth''s equity losses and related activities for second quarter fiscal 2020 totaled a loss of $484.4 mln, including the impact from the June 2019 warrant modification, on a reported basis and a loss of $54.7 mln on a comparable basis.
Co issues raised guidance for FY20, sees EPS of $9.00-9.20 from $8.65-8.95 vs. $8.51 S&P Capital IQ Consensus. FY20 guidance details: Beer: net sales and operating income growth 7 - 9%. Wine and Spirits: net sales decline 15 - 20% and operating income decline of approximately 25 %.
Shorts are taking advantage of the crazy volatility in this market. It will only stop when they get burned. They won’t leave until these companies show some profit ability.
I think the vape death issue will move people towards total organic for all products. It may even be mandated by law someday.
I’ve worked “closed loop systems” in other industries. Extremely cost effective and eco friendly. I’m not sure if their system is totally closed loop, but from what I have read it is very close.
The doctor took the words out of my mouth. Bootleg vapes are the problem. I saw it on the street before people got hurt. I had one, smoked it about 25% down and the oil went from clear to dark brown. Threw it away. The med ones stay consistently the same color.
thinners, flavorings to hide low grade oil.
And then there's pesticides and heavy metal in non organic soil that cannabis and hemp readily absorb.
Not enough forward vision in laws and standards, I'm afraid.
.
Organic all the way !
Nice news out.
Stay diversified though.
Someone in their 20’s or 30’s could retire in their 40’s or 50’s. Potentially, anyways.
This analyst has a poor batting average - you have better odds flipping a coin. But who knows - this company has some challenges. Just hoping they don't make more paper.
nice find !
Having a jar labeled "certified organic" will make it jump off the shelves.
They see where the future lies. Certified organic will be the winner down the road. Laws will tighten as more data is crunched by the lawmakers. Who knows ? Someday certified organic may be mandated by law. It could happen.
TORONTO, Sept. 12, 2019 /PRNewswire/ - The Green Organic Dutchman Holdings Ltd. (the "Company" or "TGOD") (TSX:TGOD) (US:TGODF), a leading producer of premium certified organic cannabis, is pleased to announce that following its launch in Ontario at the end of August, which marked the Company's entrance into Canada's recreational market, initial demand has exceeded expectations. TGOD's high-THC signature strain, Unite Organic, is performing well online and at dispensaries, triggering a second order from the OCS earlier than initially anticipated.
"We are thrilled to witness such strong sales and positive feedback from retailers and consumers across Ontario, Canada's most populous province at 14.32 million people. We can see from the initial response that demand for high-quality flower is strong," commented Brian Athaide, CEO of TGOD. "Our team is working hard to ramp up production of our premium organic products as we get ready to expand distribution with additional strains and product forms as well as to other provinces in the months ahead. With our Hamilton hybrid greenhouse completed, and a second one nearing completion in Valleyfield, we are on track to distribute nationally early next year."
As highlighted in a study conducted by Hill & Knowlton earlier this year, over 50% of recreational consumers who intended to purchase cannabis stated that it is important that their cannabis be organic. TGOD's cannabis is grown in the Company's proprietary living soil, in accordance with all-natural principles and without irradiation. The Company's growing process is also certified organic by both Pro-cert and ECOCERT, two leading organic certification bodies, providing consumers with a safe, consistent, and enjoyable cannabis experience.
Edibles are the wave of the future and so far, the safest means.
I’m expecting stricter rules and regulations in the future. It’s the Wild West out there with products that aren’t selling or being returned. People will demand it. This is the way to go.
more importantly,
TGOD and Caliper Foods will shortly conduct a confirmatory Clinical Phase 1A PK study.
The study will be conducted in collaboration with a leading US academic institution.
Potential intellectual property addition. That could be huge !
That was March 13th, when ACB closed at 9.07 and the chart just made a golden cross. Made a death cross July 29th. Cramer is lucky if he bats .500
Trolling the web, seems this is getting some attention. Some pin action might be coming.
Crazy. The business plan hasn’t changed, and has actually improved. Need some plants in the ground. Kick up the timelines a notch. I know they could.
Don’t know but TGOD indicated institutional investment increased. I haven’t looked at SEDAR yet. If it’s not there, it will be. Apparently, the news isn’t helping the PPS of ACB, either. I have a gut feeling ACB is in trouble.
Understandably so, but reason for failure on many startups.