Focus on cannabis and psychdelic sectors, small cap, micro cap and mid cap companies
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You anticipated that Sean Spicer would make negative comments about the marijuana industry?...Because that's the only reason this has dropped. Which doesn't even make logical sense being that this is a Canadian stock and they're operating in medical.
For this reason, I started buying only Canadian and other non US cannabis stocks earlier in 2016. As US investors flee the American stocks, they'll come to Canadian. Better regulatory framework and years ahead of the US market. I just hope that Trudeau stays the course and doesn't let trump's administration pressure him into diverting.
Short term, investors will freak but in the long run, the US market will be ok. Any enforcement will ultimately come down to lack of resources(Sessions has already acknowledged this in his confirmation hearings) and states rights. The recreational states will fight any federal pressure in court before this billion dollar industry is removed. Alot of these recreational states depend on the taxes to fund other programs.
Cronos stock basically unaffected by the news. I'm so glad I'm mostly in Canadian mj stocks.
If you were considering Cronos, I hope you bought that dip today! It was a give away.
This news does not directly hurt Kush.
Ha! if only
But yeah even Sessions acknowledged the lack of resources in his confirmation hearings.
I've read thru a couple articles now and watched Spicer's entire question and response. While I would have loved for him to say no comment and defer, he was just answering the question that was asked. It wasn't like he was instructed today to make cannabis a top issue. Sounds like mixed messages and feelers. Very vague, no actual definitions of what enforcement would mean.
I have about 5 articles to read thru but yes I'm concerned....To a point. Because wether Sessions or trump or Press troll Spicer wants to make this an issue, it's simply a matter of resources. Sessions himself acknowledged that in his confirmation hearings. With all that they're trying to do, even if they did get rid of the Cole memo, this can not be an endeavor that they have enough funding for.
Either way, our neighbors to the north have a great cannabis framework going, international exports and recreational legalization on the way and trump's stupidity will just make our Canadian investments sky rocket.
Whole sector down today. Today's performance not an indicator on Future Farm itself.
Judging on statements made by individuals in this administration, I honestly don't feel this administration can figure out the difference between medical and recreational(or will want to make the effort to). On the bright side, it's a good thing our neighbors to the north are so much farther along ahead of us! Canadian MJ companies should flourish after today's news.
I never saw that today. Wish I had cause I would've done the same thing!
Canadian MJ stocks should see a nice bump tomorrow thanks to our press troll's statements today.
I agree, they should.
The whole cannabis sector is down today. It's not indicative of VNNYF. Just wish I had waited till today to initiate my position.
On another note, I got a partial fill for 1800 at shares at .52 but the low was .53 today. Was trying to get 5000 smh. Not sure why it even filled at all.
This is one of the few cannabis plays that didn't bleed today. Well done!
I don't think it's indicative of Cronos. The whole cannabis space is down today. I personally watch 53 cannabis stocks and I'm looking at a sea of red on my end. Only 14 of them finished positive today.
Positions I took yesterday are either down or just about break even. I guess I misjudged it...today and possibly tomorrow are the right days to buy.
yeah back on 10/13/2016 there was some confusion regarding this. There was a fraudulent looking twitter page that said that KALY(the boating company) was getting into the marijuana market. The boating company had to come out and say no, they're not involved in cannabis. So when I heard about this company last Friday, I had to do a couple double, triple checks.
Hey SVX the name change meeting is tomorrow.
Thank you John1311 for the kind words. GLTY and GLTA!
Yeah same here. Look below in the board, I mentioned that months ago. I need to call TD and ask them about it, never did.
Yeah it hit $2.19usd today. Just look out for it tomorrow.
I think this will be a real hurdle for Organigram to get over. Many on this board downplay the recall because of their vested interests but OGI's powerful organic certification has been suspended so they've basically lost their namesake. Just read any of the articles online(not written by Ted Ohashi, who's got to be on OGI's payroll) and you'll see their professional integrity and customer approval are in shambles.
In the next trading session after the initial news, the stock dropped to it lowest in 3 months but has rebounded somewhat. It never really nosedived directly because of this but it still trades in a stagnant channel. There are many mj plays that are making great progress. I think many mj investors are already looking elsewhere.
yeah this definitely broke out today. Wasn't expecting that PR today. Good PR not fluff.
I'm loading this today, in at .58. Hoping to get .55 before the day is over.
Aurora Cannabis Inc CEO Terry Booth on Pesticide Debacle with Organigram, Mettrum
https://www.midasletter.com/2017/02/aurora-cannabis-inc-ceo-terry-booth-pesticide-debacle-organigram-mettrum/
This was exactly my thoughts. I bought 5k shares this morning as well. GLTY and GLTA!
You're right. Their February 8th news release talks about purchasing 15 acres of land in a county zoned for cannabis production but no license yet.
That 2.29 dip today was the buyer's opportunity for the next leg up. RSI reset and ready to go.
They were probably aiming for Monday but it was a holiday here in the US. That probably played a part in it. I don't think it'll be a problem going forward tho, this ticker is more representative of the company's current name.
Couldn't hold .20 again and dumped off. I still hold 20k shares so not slamming it but this looks like it's going to head lower. Will be looking for a bottom this week to load up more. I don't think this is gonna run this week.
This is great news but they mention expanding this delivery service to AZ but I don't know of any ongoing projects in AZ. Anyone heard anything? Or is this just hopeful forward thinking(fluff)?
Just got in this morning for a small position- 5k shares. Any company holding a Florida license will be valuable.
Wow great finish. GLTA!
Lackluster day. Was hoping it'd hover in the .20 cent range today but didn't hold. Thoughts/predictions on tomorrow?
Yeah I haven't found a real reason yet, only thing is the ETF. Alot of tickers popped today.
SMH I was in OWC @ .05 and out at .19 back in late October. I made about 15k off that. Kicking myself now of course.
yeah this movement and exposure is great.
Was just a matter of time that this would pop.
Cronos included in the first cannabis ETF
https://www.newcannabisventures.com/first-cannabis-etf-in-the-works-emerging-agrosphere/
yeah you're right...it'll come back
4% loss...shrugs not that bad. I haven't gotten in just yet but will probably on Tuesday.
I've been wondering the same thing. I've seen it happen in other tickers before(Terratech comes to mind) but I don't know enough to give a correct answer. We don't even know how many shares traded at that price, it could've been 1 share for all we know.
The stock wasn't halted on the Canadian market in November tho.