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Make sense. Thanks. I was thought Cannadips offered both CBD and THC options.
That was alright. It would have been nice to have a little more information. It sounds like Nuka and Cannadips are both now licensing from Hill Street. Within the PR that published it was mentioned that Lexaria has a significant ownership position in Hill Street. A little more clarification on whether or not this benefits shareholders would have been nice.
Yes...but limiting the competition in the space (the US) while allowing SHWZ the time they need to establish themselves in Colorado...and before deciding whether or not to branch out nationally...I am all for it.
I heard something in a recent podcast. That even though it was part of the Biden/Harris platform, cannabis made more progress under the Trump administration than it ever has. Even though the upcoming administrations plans do not include federal legalization, he best thing that can happen for the US industry is a Republican majority Senate. This will essentially lockdown the space to US MSOs....and allow them to further establish themselves.
Wow! I really have to sit down and read this to understand it better. My initial thoughts, after quickly skimming the material, I know that they are moving toward the pharm side...but the purchase price seems extremely cheap...
and what happens to the existing contracts, like Nuka/1906, if we give the global rights? Are they now customers of Hill Street?...sounds like it.
I think the biggest statement in here...the one that really stand out to me...is: "Companies involved with the THC industry in the United States have historically been unable to list on US national securities exchanges."
I am thinking that this was their move to sever all "face value" ties to THC cannabis...so that they can be in compliance with a major exchange...while at the same time retaining some value in the subsidiary Lexaria Canpharm ULC, by owning a significant position in Hill Street.
For real. I second GoldRush's comments...and will be sure to give any future post priority once this board is overwhelmed by new investors.
Thanks Abunkadance88. Another solid interview. I say this with respect.
The seemingly endless supply at 1.35 continues...
Lazur, I saw that and that is what made me think that they could possibly be using this integration to come up with a tech solution for the industry as a whole...even if it is a couple of years out.
Thanks lazur. I know ihub has the coin thing...but a thumbs up option would be nice too.
Does anyone else feel that there is more to the picture regarding the promotion of Nirup Krishnamurthy then just the promotion? The man has no history in the industry...comes in as the Chief Information Officer and then moves to Chief Operating Officer? This suggests to me that primary business focus is streamlining and data integration...so much so that they moved him into a position capable of carrying it out across the company. I know this is speculation...but I kinda feel like there might eventually be an overlap between technology and the consultant side of the business. Like they realize that the issue in the industry is on the operations (not cultivation) tech side and that they are growing and integrating the business while at the same time preparing to take what they develop and, possibly, license it out to others in the industry? Could be far fetched...maybe I am overanalyzing or just trying to find something between the lines that isnt there. I mean if they are just trying to streamline and integrate the company data why the need to move him from CIO to COO? Unless the answer is even more simple, the move was negotiated as part of an investor/money raise.
I agree. I know that they talked about not announcing anything until agreements are signed. I really like how Nancy articulated that message today when questioned.
Plus did we burn our bridge with Bob DeGabrelle?
I dont know how I feel about outdoor grown, especially because Colorado gets come crazy weather swings...like early snow in late October which forces an early harvest. Granted I dont live in Colorado so I am no expert...but it just seems like a liability. Not to mention, outdoor you are susceptible to other environmental factors like bugs, mold, pollens, etc., whereas most of these can be controlled indoors. Did you know that hemp/cannabis is really good at leeching toxic chemicals from the earth? It has the ability to pull radioactive materials and other heavy metals from the soil. I know a lot of companies submit their products for testing. I also assume that once the plant is federally legal this will be standard practice.
The lack of biomass availability was hinted at several times. To me it seems like the future target acquisition area, after Starbuds, is going to be on the cultivation side. Like they realized that they are really good at producing and selling products but do not have enough suppliers to feed the pipeline. Sounds like a good problem to have. Let me know if you guys heard/feel/thought otherwise.
DD, 2019 was $1.75B in cannabis sales? I read in August that they had already hit the $1.2B mark. That is on pace to finish 2020 with over $2B in sales!
What are the chances (and I hate to even say this) that they are diluting the stock a little in order to raise money for an acquisition...or another acquisition. Maybe a 1-2 punch when they announce the Starbuds closure?
Gaffer, I have been looking since you posted but I cant find specifics...I think there are certain times of the year that corporate officers can buy/sell their stock outside of news. He bought around the same time, month/days, as the CEO from TLRY sold 2M of the shares (in five increments of 400K) he owned in his company.
They named it right...DehydraTECH...not because of the method used but because it dehydrates your investment dreams. Still bullish...that was a poor attempt at a joke.
Yes. Thanks for correcting me. I just genericized it because even though a vaccine is not available yet most consider the 5 or so therapeutics (that Fauci talks about) as becoming the potential "vaccine".
Just happened to notice the FINRA Trade Halt -- 8:58am.
The problem with the vaccine is that the medical community seems to think the best form of administration is via inhaler...and not necessarily pill format. If we happen to be in talks with a vaccine company, and exclusivity is part of the terms, it would be nice if they dropped a simple "we are looking into/researching Lexaria Biosciences DehydraTECH as a possible quick absorption pill format".
For real! Even SNDL, the ACB debt wannabe, is climbing. It has to be because it is on a major exchange. It would be nice if this thing starts to take off and get some attention, then Bunka drop news to add fuel to the fire...followed by the news/uplist. Realistically, with it's patent portfolio and low float this should easily be over $1.
Let's hope! The 5K at 0.215 is a start. Nice to see see the day about to start over 0.20.
Definitely...feels like late 2018 all over again except this is over industry excitement in a space that the most major climbers cant operate in.
Thanks Potts. I'll check it out.
DD, do we have a guesstimate of the post Starbuds OS count...even if most are locked up in insider shares?
Too bad it will probably continue to be all the (Canadian major US exchange based) companies that dont operate in the space. Hopefully SHWZ starts getting the recognition that it deserves.
...Because they company has tried so hard to distance themselves from a "cannabis" company.
..but YES, VERY frustrating!
Yesterday's news is an 8K on the SEC website posted today.
European patent number 3164141 will be published in the European Patent Bulletin of November 11, 2020 entitled "Food and Beverage Compositions Infused With Lipophilic Active Agents and Methods of Use Thereof" and includes claims for improved oral delivery of cannabinoids, nicotine, non-steroidal anti-inflammatory drugs (NSAIDs) and vitamins.
Let's hope this moves the stock a more than the news released this morning.
4.5 times Sweetwater's 2019 annual revenue. I guess time will tell if that pays off for them.
I am glad that LXRP has more uses than the cannabis industry...and focusing on the bigger picture. I was listening to a podcast the other day and there is a bio company in Canada (Hyasynth Biologicals) that is able to produce endocannabinoids in yeast cultures...similar to how insulin is produced today. They can do this in 1 week...which is at least 1/12th the time as growers. They are also able to produce consistent results as well as have the yeast turn out a larger quantity than what most plant options can provide (especially with THCV). They are a private company but OGI has a large investment...and therefore a certain set of exclusive rights to the tech.
Be happy that LXRP is spending the money to lock in their IP. It's only a matter of time before the world catches up.
I am not saying that there isnt money to be made in the industry. I definitely see more states opening up because they will be faced with COVID19 deficits. I just dont see the federal govt getting involved in the near term...outside of allowing banking. I definitely dont see national legalization within the next 3 years.
I do a combo. I have the shares I plan on keeping long term and I have a smaller amount that I will sell for profit taking. For profit taking, (before) I was playing this between the 0.30-0.75. I have gotten out what I have put in. Right now I am struggling with deciding on where to place a small investment...till next pay. I believe in the long term of LXRP, so these prices are a steal for both adding to long or short term play...but I do want them for a steal (17/18). I see the large volume on the ASK and I think bottom is in at 17/18...there is really no incentive right now to jump and buy. The only LXRP news that we are aware of is the upcoming 11/30 earnings report. So I have a fear of missing out on LXRP but at the same time there is a feeling (because of the election) that the other cannabis plays might offer a quicker turn around. Decisions decisions.
I think that all the time and then I am disappointed. I would admit that starting later in the day, yesterday...and so far today seems a little different. Less willing to give away shares. There are some solid 0.19bids...and no volume...when the stock couldnt get out of 17/18 the last two weeks. I am still a little hesitant on moving my bid up. I typically do and then regret my decision after it goes through because the stock always falls...however I am also struggling from FOMO right now.
https://www.weedweek.net/stories/why-do-schwazzes-deals-keep-collapsing/
“Schwazze is a great example of how to capitalize on this legislation in a fragmented market,” Christian Sederberg, founding partner of cannabis law firm Vicente Sederberg wrote in a statement to WeedWeek. “In addition to top notch operations, they have been methodical and focused when it comes to selecting and moving forward with the right acquisition partners, a critical component to ensure success.”
During the August interview, Dye said deals to close Canyon Cultivation and a $15M bid for retailer Roots RX were “in process.” Both have since fallen through
To close the Star Buds deal, Schwazze needed to produce proof of having a reported $59M by July 30. That deadline has now been extended to October 30, this Friday, according to an SEC filing. Dye didn’t confirm or deny the $59M figure and declined to detail Schwazze’s fundraising efforts, beyond saying the company is exploring debt and equity options.
Can't argue 200K on the bid size...still sucks when you realize the math for it is under $40K in total.
Hill Street posted their year end results. The article also has a blurb in there about their partnerships with Lexaria and Molecule Inc. They also anticipate that their cannabis beverages will be available in Ontario stores Dec 2020...then a national roll out in 2021.
https://investingnews.com/daily/cannabis-investing/hill-street-reports-fy2020-year-end-results-and-provides-update-on-operations/
The stock appears to be agreeing with you.