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i am afraid the stock price is going down to reflect the fundamental truth about its valuation. This really stinks, because I was hoping it was going to go up
stock price is down again, all the money is leaving
well I am talking about 1000 tons per year, and from what I understand the Suniva deal is up to 90 tons in 2 years, so 45 tons a year - still that is 4.5% of the total capacity I am talking about, it is significant
i don't remember, please remind me, and do you have a source of your information?
WEED dropped in market capitalization again. $5.4 billion.
P/B Ratio: 5.567
Canopy growth needs to grow, process and or distribute a million kilograms of cannabis a year in the not too distant future. Gigagram capacity. 1 billion grams. Last quarter they grew almost 8 million grams, or 8 tons, eventually we would like that to be 250 tons.
Whole world needs buds.
somebody should ask shareholder relations person at Canopy Growth Corporation what is the deal with TWMJF. I would think the people that run the ADR TWMJF would be bummed out about WEED trading on Nasdaq, i don't know how it all works.
The American banks are tricksters, so I got weed shares.
Canopy Growth Corp was not even the first Canadian LP to get listed on Nasdaq. Aurora has about the same market cap at CGC, so it just seems like this corporation is getting bamboozled somehow...
well IF CGC had 5.5 million sq. ft of production facilities fully operational right now, it would have a market cap of $1,000 per sq. ft.
at those prices, a 8' square garden shed would cost $64,000.
fro q2 to q3 - they went from 97 million in inventory and biological assets to 108 million, a positive change of $11 million
during that time they lost $26 million from operations
It seems to me Aurora and Canopy Growth Corp have a very similar market capitalization, and I haven't really looked into it, but it may even be that the market considers Aurora to be a more valuable company at this point if options, warrants are factored in.
This is very interesting to me, are we the largest Canadian cannabis corporation?
The stock is down for the day so far and it seems sad to me. There seems to be some shareholders that want to sell right now at these lower prices, and the people that want to buy are able to get them at lower prices right now
somebody has weak hands today, weak hands are pooping on the share price,
The stock is down for the day so far and it seems sad to me. There seems to be some shareholders that want to sell right now at these lower prices, and the people that want to buy are able to get them at lower prices right now
somebody has weak hands today, weak hands are pooping on the share price,
im sorry I am just scared of all the money going away, the money is so nice. I don't know what to do, when people buy more that is good if it goes up, but it is sad when it goes down - there are a lot of things that can happen in the future - sad and happy things can happen, it is exciting and scary
The stock price is dropping again. Too many billions on the market cap of this corporation, I bought the stock and it goes down
the money is disappearing right now, interest rates are rising, the stock is going down and it is not good.
Don't worry, everything is going to be alright eventually. I like what I have and how I got it, and I am having a nice breakfast right now. Crepes and bacon, real maple syrup because this is Canada! The most important thing is Canopy Growth Corporation.
I have been thinking about the supply agreements, the string of supply agreements that have been announced recently, and I want to review them all and think about that. And I smoke joints, I don't use a vaporizer.
We have supply agreements with 4 provinces for 25 tons annually
and they just announced an agreement to purchase up to 90 tons from a partner.
There are over 6 million sq. ft or productions, processiong and distribution facilities in the works in Canada. A couple major facilities planned in Eurore
It won't be long until we reach gigagram status - Canopy Growth could be directly involved with over 1 billion grams, 1,000 tons, 1 million kilograms - between us and our supply partners. Producing most of it, processing even more, distributing all of it.
So, it seems to me that real and meaningful earnings are essentially built into the current structure of CGC, I don't think they can burn enough cash to make up for the massive growth in value that will happen at their huge greenhouses and other various production facilities this summer.
hot hand fallacy can be particularly devastating to investors because return on investment is a function of price
“This you may say of man - when theories change and crash, when schools, philosophies, when narrow dark alleys of thought, national, religious, economic, grow and disintegrate, man reaches, stumbles forward, painfully, mistakenly sometimes. Having stepped forward, he may slip back, but only half a step, never the full step back.”
? John Steinbeck, The Grapes of Wrath
lol, good one. Stock price went down two days in a row, this is no good. I just have a feeling like the stock is going to crash down into the low 20's or even in the teens....shouldn't have bought so much stock back...
well I meant that I sold my TWD to buy BED - and that is how I got CGC, I sold all my CGC to buy MT, and that was how I got my WEED. This is referred to as merger arbitrage - during the mergers there was severe and obvious market inefficiency. When the mergers were announced they described a conversion ratio, like MT shareholders will get x TWD shares. By comparing the relative prices of the merger participants with the conversion ratio you could see a spread, and for some stupid reason the merger target was priced lower than the buyer as defined by the conversion ratio.
I figure these two trades gave me a risk free 21%, like it lowered my cost per share by 21%, that has since been compounded substantially by the increase in price of the combined corporation, now known as WEED :)
i guess you could say that when the mergers were announced there was a chance they wouldn't go through, but in both cases, if that were to occur, I would have wanted to own the target that got away than the buyer that couldn't close.
anyways, that and a few swing trades and I end up with this
The United States needs to legalize cannabis before it is too late, one of these days the robots are going to have hockey sticks and will be testing our robustness! This just doesn't look right to me, just let the robot open the door and go through it for crying out loud!!!! Massholes!
it is obvious that sci fi quotes are the ultimate guide to investing....imagine if we had followed this advice in January
“The Ultimate Answer to Life, The Universe and Everything is...42!”
? Douglas Adams, The Hitchhiker's Guide to the Galaxy
“Exactly!" said Deep Thought. "So once you do know what the question actually is, you'll know what the answer means.”
apparently the question was - 'what's a good price target for WEED?'
Canopy Growth is the Dune of cannabis!
the Director of Blade Runner 2049, Denis Villeneuve, is talking about making a new Dune. Please let it be true.
It is an absolute shame that Jodorowsky's Dune was never made, fack!
I was gonna write a bible for Zensunni Catholicism, but then I got high
“Bless the Maker and His water.
Bless the coming and going of Him.
May His passage cleanse the world.
May He keep the world for His people. ”
when I see a job for taste tester, I am moving to Smith Falls, keep an eye out for me, would ya?
you did not oversimplify my strategy at all, nailed it....I know full well that in the end I will either be holding a bag or watching the stock soar with nothing in my account, but I love it
i got a question for anybody - i think that if someone is to outperform CGC than by necessity someone else must under perform, if I can sell at a higher price and then buy it back at a lower price, does that mean somewhere, someone has done the opposite, either individually or by combination.
is that true, how would we write a proof to that hypothesis?
I would start by eliminating anyone with a true buy and hold strategy - they must have the same performance as CGC - the return on capital employed for any buy and holder must be equal to the overall performance of Canopy Growth. The capital they employ must equal the performance of CGC for the time they employ that capital.
That leaves traders - it is obvious to me that there are a lot of traders, if everyone was a buy and holder than the total historic volume of trading activity would match the total outstanding shares of CGC. CGC would issue shares, someone would buy and hold them - that is obviously not the case.
I need weed, should make myself a Canadian coffee
I just wonder what it tastes like? These guys are out of Toronto....I don't know, but it seems pretty obvious to me that is what it is....
Province is in stealth mode still, and they probably didn't sign over 100% of their IP, so it makes sense that they are keeping it secret, for both companies I think
it seems possible, and although I know it is a logical fallacy - the absence of any other rational explanation suggests that it is the likely explanation - that is how I feel even though I know what I just wrote is stupid
you are welcome - I love the idea of it, I mean turning our waste streams into a beer, If they can make it taste like a nice beer, and there is no alcohol in it and gets you high, well that would be a nice beverage when out for dinner or something.
I don't like beer, but I realize there are a lot of people out there that are stupid and have money - so it could work
The only times I sold everything was the BED merger, the MT merger, and first day of trading this year I sold at $30.69.
but I have sold chunks of my position all over the place, big one at $4.86, including yesterday I sold off a position that I had bought Friday. Made $1500 cash profit, hope it goes down again, give me some more
http://www.cbc.ca/player/play/1160753731864/
is this where they dropped $5 million for intellectual property assets and know how? Turn our waste stream into a product.....this is what I hope it is, it makes sense, that's my guess
people here have been wondering what the intellectual property and know how was that we purchased a lil' while back, and I have a guess.
my guess is they paid Province Brands for their cannabis beer, probably with royalty agreement attached. This little private company is working on a method of making a beer where the the grains are replaced with cannabis - literally brewing beer from cannabis, must be hard if you don't have legal cannabis and a dealers license to experiment with it...but they look serious about creating cannabis beer, they got a brewer and some biochemists on their payroll, they are developing brands...
when I first read about it I thought - 'patent trolls', but I have looked deeper and I changed my mind
February 5th
https://www.beveragedaily.com/Article/2018/02/05/Canadian-company-files-technology-patent-to-brew-cannabis-beer-welcomes-competition-from-Constellation-Brands
and https://www.thedrinksbusiness.com/2018/02/canadian-brewer-files-technology-patent-for-cannabis-beer/
tmonkey.....where the hell have you been. You convinced me to do that trade, thank you, thank you, thank you - capture that spread!
you been holding the entire time? Buying BED was the best decision this corporation ever made, clipped their nuts, Bruce neutered them
basterds for a few shares
during Q3 they said they had 600,000 sq. ft in production and they produced, they harvested less than 8 million grams and that was Croptober....
but if you go so far as to assume they can do that every quarter with 600k sq ft, you are looking at 32 million grams...that is 53 grams per year per sq ft - that is a lot less than 90 or 120
53 grams per year per sq. foot is itself an overestimate, just saying
3 million of that sq. feet is only 66% owned, so I would take it down to 4.6 million sq. ft to get a better estimate, and that 700,000 sq. ft in Quebec has even less CGC ownership attached....
call it 4.3 million sq. ft, that is more realistic on what they got cooking right now, as far as CGC shareholders are concerned
also, I want to point out that you estimate between 90 and 120 grams per square foot per year. approx. 20 to 30 grams per sq. ft per quarter....
last quarter they produced less than 8 tons, less than 8 million grams - that would suggest that we had less than 400,000 sq. ft in production for Q3, and that isn't right.....
90 to 120 grams per sq. ft per year is wildly optimistic, especially in a greenhouse which will constitute the vast majority of sq. ft we are talking about
selling TWB at $1.80 to buy BED at the the equivilent price of $1.60 was the best though....
does anyone here think it is super lame that Aurora named their little greenhouse 'sky' - we'll have 2 in BC much bigger, one facility is twice as big as 'sky'. We got one in Quebec that will be almost as big, Tweed Farms will be bigger as well
in the end, we will have at least 4 or 5 times the greenhouse space as Aurora - but what is more important, none of our facilities have stupid names
i am just feeling it right now, this is super exciting - we need a flute solo up in here!!!!
You know what is super dope about these greenhouses in BC - their future is so bright they got to wear shades!!!!
shades! DRAINAGE!!!! shades allow for flower harvests in the middle of the summer, can have multiple harvests per summer, they can easily do over 3 harvests per year....
its gonna get ridiculous up in here
I am happy right now, hope this lasts.....damn, because Friday I dropped damn near $30k on this, and all weekend I was thinking I screwed up, I was nervous, especially right after hearing about the halt
glorious! Over $1000 profit over the long weekend!
I mean gawdamn! I got an interview for a jobby job on Thursday, but this is too much, I feel rich! No debt, money in the bank, renovations on the way, Im a baller!