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... Unfortunately an incorrect conclusion
No, the holder can convert any time ( but there will be a hold period during which they won't be able to sell, after converting)... The longer one holds though, the better, since the accrued interest can be converted into shares at the same conversion price too
Sure, that's a pretty sweet deal - now! but at the time it was announced it was at market... you've had lots of time to call the underwriter and put an order in for a piece of it - quit griping, they ought to be able to create additional shareholder value with the proceeds.
May depend on which exchange, but the added exposure, and accountability, will definitely help. Canadian investors know this industry (that is, the underlying Cannabis industry), and have a healthy risk appetite! I'd imagine it will be the Canadian Securities Exchange (CSE) (sometimes jokingly referred to these days as the "Cannabis Stock Exchange")
See? Imminent! I look forward to seeing what the total raise is... my bet is it will be more than $4 million... and another suggestion in that article that a Canadian listing is anticipated... that will enhance transparency, and accountability
I'm pretty optimistic it will close... And I'd speculate that they will fund more than they had originally planned, but we'll see...
I wouldn't be surprised to see a listing on one of the Canadian exchanges...
Not yet closed, but I hear oversubscribed...
I have heard that it should be closing imminently, having been delayed by the holidays etc.
It is frustrating that they're late, but...
Did they not file a notice saying they would be late? (unless that was for the previous quarter!)
Notification of Late Filing ... if I read it right, it suggests they will file within 5 days of the due date?
I imagine they're busy closing that financing they announced, though that's not really an excuse.
Pretty close now to having enough states on side to have two thirds of states in favour... does that give them the clout to propose changes to federal law? It's enough to propose a constitutional amendment, right?... surely it is enough to force changes to federal laws restricting cannabis?... we must be close to 2/3 now... maybe one or two more states?!
I've had the same concerns since about $20! (Not that long ago, as I was evaluating risk/reward, I was thinking that the likelihood of WEED doubling from there, was far lower than the prospect of some other smaller cap companies that I was looking at, doubling their market caps... Nice to be proven wrong in a way, but sad to have lightened up when I did... Still, those August 2018 options premiums are helping soothe the pain.
Happy New Year all! Here's to further prosperity in 2018... what a run we've had... congrats to those who've been around from the beginning!
I've not been following the board for a while, so may have missed a lot of worthwhile dialogue... will check back in more frequently!
Options premiums still look juicy on our WEED options out to August and beyond - e.g. instead of selling shares today at $35, if you thought you'd be prepared to sell at $40, you can collect $7 a share writing the $40 calls expiring in August! ) effectively selling for $47 if it gets to $40 or beyond by or before mid August... or if not, you get to keep the $7 premium anyway - provide some cushion if it moves lower... the volatility has some value to us in these options premiums...
4 years since my first investment in what was then Tweed... ahh, the memories!
wow.. August 2018 $30 calls now bid $3.25... exciting times.... it looks like you might be able to get $2.20 for $40 calls, same expiry.
I sold those covered calls yesterday at $3.00 and $3.05... might not get the same premiums today, but the time and volatility may keep them rich for a while yet. I'm not sure a covered put is what you meant... I think the only way to 'cover' a written put is to have cash on hand! Anyway, someone made a significant bet yesterday that by August 2018 this will be over $33 a share... which I find alternately exhilarating and bewildering! $4.5 billion +/- market cap now?! $6 to $7 billion + by August?! can they generate $300 million a year in EBITDA? if so then I guess that's fair value! whew, we've come a long way from the days when we were egging it on to break back up through $3! Cheers to the crew that have been here for the whole ride, and everyone else too, for that matter.
Check out the options premiums for August 2018 $30 calls... yesterday people were paying as much as $3.40 for the option of buying our shares at $30 each between now and next August... wow. I'll take $3 a share now and agree to sell some shares at 50% above the current market!
I think we can expect some volatility today, with options expiring... I'm hoping the $12 covered calls I sold for $1 each last week expire worthless
Different insofar as Alberta's liquor stores are private sector vs Ontario's government run monopoly... But I'm excited by the fact that the focus has turned to ironing out the details, vs debating if/when! This looks like real momentum towards the finish line.
The days of one's portfolio value moving by six figures in a day are upon us again! (of course it's more fun when it's this direction)
Anyone else going to the AGM?
Haven't checked in here in a while... nice to see the dialogue is as stimulating as ever! I see AwesomeBob has some new friends.
I spent a couple of weeks in Spain this summer, and there is definitely a strong pro-Cannabis-legalization lobby there, so this latest news seems like a pretty good foot in the door... Once again they are 'taking the high road' (so to speak), in their approach to new countries.
And the greenhouse expansion - wow! When I visited the greenhouse in Niagara last year, it was a sea of green - I cannot imagine how something three times the size will look...
Exciting times!
Maybe we'll see one another at the AGM on Friday.
TME
[click the tab to toggle between "Mutual Fund" and "Institutional" ownership]
A lot of index funds, it looks like... I think I'd rank 5th if included in either of those two lists of holders!
If one was that confident it wouldn't go below $8 (or was happy being a buyer at effectively $7.35, if it did), one can sell $8 put options for 65¢ each, expiring in October... So, for each one you sell you keep the 65 cents, but bear the responsibility of buying a share at $8 if the holder exercises their option to "put" it to you (which they would only do if the market price at the time was below $8)... If by the expiry date they haven't been exercised, you're off the hook, and 65 cents richer!
Our usual bet?!
"Lookin' Good Billy Ray!"
"Feelin' Good Lewis!"
Ah, the classics.
Maybe one day they'll be trading weed like Frozen Concentrated Orange Juice Futures!
ha ha! Gordon Gekko would love this action... "money never sleeps, pal"
We'll all be happy at 10001!
Substitute "Technical Analysis" for "Numerology" !
actually it is 1000 ... 8 in binary is 1000 ;)
I'm looking forward to a return to 1010 and beyond...
That would not surprise me... I know someone who recently toured Smiths Falls... They got the impression capsules were imminent...
The third bullet looks interesting too... if it means they can expand production capacity, without seeking additional approvals, up until they are producing as much as their vault capacity... but I don't know what it means, really.
because you only see what you want to see?
Assume you are looking at the chart at the end of the day on November 22nd, 2016... without seeing the future. Draw a line from the then peak of $13.45 to the close at $8.25 that day... then draw whatever lines you like along the "bottom"... you'll get an equally meaningless triangle is all I'm saying.
You'll have to forgive my ignorance though, I'm not a technical analyst.
It seems to me most of the data only makes sense looking backwards at it, which is only clear after the fact. To me, it is hard to read the future from it.
My opinion is it is meaningless.
You could have drawn similarly pretty intersecting tangential lines at the end of October, beginning of November 2016 that would have looked pretty similar... what would it have told you then?
... "cash flow positive..."
( okay, admittedly, that's a little out of context... but the words were there!)
He hasn't been considered an insider for a long time.
I think I took the wrong gate...
One need only find a healthy balance of respect for both... And maybe lean more on the side of truth...
so far they represent 1.5% of the registrants...2,007 self-growers & designated producers out of 131,775 total medical consumers (129,876 +1,899)... sure, it's growing rapidly, but so is the mainstream medical consumer... I'm not all that concerned about the 2% fringe market... maybe they'll become licensed craft producers and sell through tweed main street in the end anyway ;)
The second table in that link, "Cannabis for Medical Purposes (FY 2016-17) - Personal and Designated Production: Quarterly Data" is a bit surprising... there are only 108 registered designated growers?!? Sounds like awesomesound et al, are either a much smaller group than he'd have us believe, or, more likely, there are a lot of people 'unregistered', and continuing to flout the laws... and only 1,900 people growing their own... this doesn't strike one as being much of a threat to the mainstream LPs' market, does it?!
Doh! Now they're sold out! Ah well... Thanks for the link.
Maybe all the tshirt orders are skewing the order numbers?