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Ready to leg up... breaking out of a flag pattern intraday...
$NRGU
At this point, upside outweighs downside significantly... if you're short oil... you're on the wrong side... the big $ has already been made... smart $ is accumulating as much as they can at these depressed levels...
The glut will pass... more deals will be brokered... IMO they will eventually turn the spigot off anyway... but I'll save that for another post...
$NRGU
Strong move out of the gate on volume... IMO most of the news is priced in... LT oil chart is the key here... expecting lots of volatility... :)
$NRGU
Loaded sub .001... same here... this is ready to go...
$ENRT
Right with you around that price point... In at $2.05...
Locked & loaded...
$OIL
We're already there...
Doing the same... selectively accumulating... these are the times real net worth is created... 100% agree...
$NRGU
Good to see you here... jumped into oil ETF's today... Christmas in April...
Long $NRGU
Short interest... Tilray Inc - Class 2
Short Interest Ratio (Days To Cover)
1.7
Short Percent of Float
19.77 %
Short % Increase / Decrease
49 %
Short Interest (Shares Short)
15,330,000
Short Interest (Shares Short) - Prior
10,297,400
Daily Short Sale Volume
view
Daily Naked Short Selling List
view
% From 52-Wk High ($ 54.10)
-87.45%
% From 50-Day MA ($ 10.50)
-35.33%
% From 200-Day MA ($ 23.05)
-70.54%
% From 52-Wk Low ($ 2.43)
179.42%
52-Week Performance
-86.22%
Trading Volume - Today vs Avg
70.95%
Trading Volume - Today
6,328,849
Trading Volume - Average
8,920,000
Shares Float
77,540,000
Market Cap.
$ 547,002,400
% Owned by Insiders
0.26%
% Owned by Institutions
10.10%
Exchange
NAS
Record Date
2020-AprA
Canopy Rivers' JV increases bank debt facility by $10M
Canopy Rivers' (OTCPK:CNPOF) joint venture (JV) PharmHouse has amended its syndicated credit facility with the Bank of Montreal, as the agent and lead lender, and the Canadian Imperial Bank of Commerce and Concentra Bank.
The amended terms of the Credit Facility provides PharmHouse with an additional $10M of secured debt financing.
Pursuant to the Amendment, the repayment date was pushed out one year to March 31, 2021.
Additional amendments include an increase to interest rate spreads of 25 basis points and an increase to the Company's limited guarantee by $10M, commensurate with the increase to the Credit Facility.
https://seekingalpha.com/news/3561241-canopy-rivers-jv-increases-bank-debt-facility-10m
KELOWNA, British Columbia , April 16, 2020 (GLOBE NEWSWIRE) -- Enertopia Corporation (ENRT) on the OTC (the "Company" or "Enertopia") has filed its recent NI 43-101 Technical Report: “Lithium Claystone Resource Estimate, Clayton Valley , Esmeralda County, Nevada , USA” on its SEDAR Issuer Profile page.
Enertopia provides the following maiden resource estimate at the Company’s lithium claystone property at Clayton Valley, NV .
At a 400 ppm lithium cut-off, the deposit has 81.7 million tonnes at 1,121 ppm lithium as indicated resources, and 18.1 million tonnes lithium at 1,131 ppm lithium as inferred resources, this equates to 487,887 tonnes indicated and 109,410 tonnes inferred of lithium carbonate equivalent – (“LCE”).
A breakdown of grade and tonnage by resource category and LCE by cut-off values is given in Table 1 below.
Indicated Mineral Resource
400 ppm Li Cutoff
700 ppm Li Cutoff
1000 ppm Li Cutoff
1200 ppm Li Cutoff
Tonnage
81,732,150
75,951,000
59,534,100
34,478,100
Average Grade
1121
1160
1247
1346
Contained Li (kg)
91,656,383
88,129,744
74,225,389
46,424,369
LCE (Tonnes)
487,887
469,115
395,102
247,117
Inferred Mineral Resource
400 ppm Li Cutoff
700 ppm Li Cutoff
1000 ppm Li Cutoff
1200 ppm Li Cutoff
Tonnage
18,165,600
17,252,100
15,999,300
8,913,150
Average Grade
1131
1156
1170
1196
Contained Li (kg)
20,554,207
19,948,516
18,719,880
10,664,088
LCE (Tonnes)
109,410
106,186
99,646
56,765
Table 1
SOME KEY POINTS FROM 43-101 Report:
Preliminary testing for the extraction of the lithium from the mined material has indicated that the material will be relatively inexpensive to process.
From the preliminary testing, the sediments will not require crushing or grinding prior to processing but may require some preprocessing to upgrade the material by removing the coarser fraction, which has been found to be of lower grade.
The type of processing envisioned will have a much smaller footprint than lithium brine operations, which now employ large evaporation ponds, making the proposed operation more environmentally friendly.
Table 2 below shows the average grade of each major lithologic unit within the model. the reduced sediments tend to be higher grade than the oxidized units and are in bold below.
Lithologic unit
Weighted average grade Li ppm
Surface Gravel
790
Upper Olive Claystone
834
Main Blue Claystone
1136
Dark Blue Black Claystone
1464
Lower Olive Mudstone
1082
Table 2
Robert McAllister , President and CEO, commented “We are very pleased with our maiden 43-101 resource. We used a higher-grade cutoff and the resource shows very good continuity in resource tonnage as the ppm cutoff is raised to come up with a strong resource number based on the current Lithium market metrics and these are laid out in detail in the company’s maiden 43-101 report.”
The full 43-101 Report can also be found on the company’s website at www.enertopia.com with further details.
The technical information contained in this news release has been reviewed and approved by Douglas Wood , P.Geol, a Certified Professional Geologist who is a Qualified Person with respect to Enertopia’s Clayton Valley Lithium Project as defined under National Instrument 43-101.
Good luck... what is occurring is generational... our kids kids will be paying for this... don't be fooled with the CNBC cheer leaders... they all have an agenda... many businesses devastated that will never recover from this... trust me... as a business owner... I see it 1st hand...
I don't see the economy coming back for a few years... it will NEVER be where it was in our lifetime... to put it in perspective... IMO we are in the 1st inning of the economic impact from this... wait until the lawsuits come rolling in after the initial shock wares off... with elections looming... it's going to get dicey...
Now earnings season is upon us... and obviously it ain't looking pretty... true capitulation is what is needed... unfortunately we aren't there yet... there simply isn't enough fear...
The larger 420 plays (except $CRON) are ALL running out of money... It will be impossible for them to raise cash for the foreseeable future... What they have they need to conserve... I see massive dilution to raise capitol occurring across the board due to liquidity issues...
This is real... the $ problems the industry will face going forward will consolidate (purge) the weak players... 1/2 will be acquired a few will merge the others will go bankrupt...
Question?... Anyone ever really look at balance sheets before blindly throwing share price predictions out there?
What is $TLRY or any of these stocks for that fact really worth on paper?...
Cash is king... Unfortunately they blew through it all... that also applies to the majority of 420 plays...
Again proven... the tortoise ALWAYS wins the race... slow and steady...
$TLRY
You are confused... Opinion not rants or bashing... playing it as I see it... $2's coming.... that's my opinion... the charts don't lie... people do...
Good luck to you...
Seen it all.. heard it all... everything is going to the moon... LMAO!... In and out like a ghost with these stocks or see profits or principal evaporate like weed smoke...
IMO we will see $2's again... earning and cash positions have a funny way of aligning with share price...
What makes $TLRY so special and immune from the financial carnage that's about to come?
Bearish sector... bad market...bad earnings will bring this back down to test recent lows...
We'll see...
$TLRY
Oh ya... really!... The stock is down 95% off it's high... IMO this is far from "bottoming out" my friend...
Those lows will be tested... my glove will be open...
On another note... anyone + over 100% in ANY 420 play and not booking profits should reevaluate their trading strategy... just sayin'...
$TLRY
Wow!... now that's really funny!...
Fresh new lows coming my friend... stay tuned...
$TLRY
We'll see...
$TLRY
Missed the dead cat bounce here... a nice one at that... IMO this has a way to go before bottoming out... Test of $2's is inevitable...
Long-term pressure makes this a sub $1.00 stock... never say never... not too long ago... $2's were a pipe dream...
Algos at work with this one... anything is possible...
$TLRY
I sold more shares at the open... I'm pretty much out of my entire position here... just held 1,500...
Macro... IMO the market is on the verge of collapse... not feeling comfortable across the board...
Cash is king... if we trade sub $3.00... I'll be looking to trade back in at some point...
Good Luck!...
$GRWG
Retail vs Commercial... currently... what is the % of both in sales?...
Also... more shares issued over the past few weeks... I believe it's approx 5 mil... any info on that?...
Any info on insider sales at the peak?...
Recent EPS downward revision... how about it?...
Looking forward to your response... thanks champ...
$GRWG
Rising on volume... something is brewing or simply trading up with the 420 etf's?... either way... decent price action...
The bottom may be in... we'll see... playing it as I see it ;]
$GBLX
GTSM on the bid for the past few weeks... trading above the 50 day for the first time since Oct 2019... firming... turning bullish... . .01's - low .02's were a steal...
$GBLX
Ontario's pot shops to reopen with delivery, click-and-collect options.
Ontario’s licensed pot shops are set to reopen following an emergency order approved by the provincial cabinet on Tuesday, but will do so on a limited basis with the intent of curtailing the illicit market.
The province passed an emergency order Tuesday allowing retailers to sell cannabis through an online or phone ordering system where customers can pick up their orders at the store, according to Ontario attorney general Doug Downey.
It will also allow retailers to deliver orders to customers as long as their sales associates are trained under the provincial training program run by CannSell, a regulated program run by the Alcohol and Gaming Commission of Ontario, Downey said. The order will last for the next 14 days but could be extended, he added.
https://www.bnnbloomberg.ca/ontario-s-pot-shops-to-reopen-with-delivery-click-and-collect-options-1.1418702#_gus&_gucid=&_gup=twitter&_gsc=2RfY29U
We are all well aware of the perfectly timed sale... by the way... kudos to $GBLX... their sale was genius!... Poss may be a thief but he's obviously not a moron...
Ignore last quarter... unfortunately it means nothing... guidance will be key here.. IMO the CC will consist of posturing, touting past performance, with hope and speculation sprinkled in... That also applies to just about every publicly traded company in the world...
Market action and bullish sentiment right now... put lipstick on a pig... it's still a pig... the analysts, doctors and even the President are throwing darts... no one has an effin' clue... market manipulation is out of control (but that's for another post)...
From what I understand... we are far from a bottom... the analysts, brokers, traders, investment bankers etc all got caught bag holding... they will prop the market up just enough before the rug gets pulled... one thing for sure... next quarters earning will be brutal across the board... valuations are still way too high... perfect storm brewing for a complete economic collapse... I think people forget that marketcap... earnings... and revenue drive price...
We have a top and recent bottom gap to close on the charts... IMO that bottom one will be filling first...
No BS... just calling it as I see it...
$VLNCF
Not good... There will be more investigations coming... there always is... I'm booking profits... selling into strength and I will continue to do so with this stock...
IMO the market will leg down testing recent lows... It's going to get choppy... there will be plenty of time to buy back...
To be clear... I'll still be holding... just not size...
Bed Bath & Beyonce nailed it!... Insiders selling at the peak... draw your own conclusion... Me... I'm felling very uneasy about this one lately... We'll see...
$GRWG
Incredible news for the entire 420 space... it's a start...
CBD Prescription Drug Is No Longer A Federally Controlled Substance, DEA Says
The Drug Enforcement Administration (DEA) has removed a marijuana-based medication from the list of federally controlled substances.
GW Pharmaceuticals announced on Monday that Epidiolex, a prescription drug it developed that’s derived from cannabis and used in the treatment of epilepsy, had been taken off Schedule V of the Controlled Substances Act. Effectively immediately, the CBD medication is no longer a controlled substance, the company said.
That means individuals will be able to more easily obtain Epidiolex. GW said in its notice that it will “begin the process of implementing these changes at the state level and through the EPIDIOLEX distribution network.”
After that point, state reporting requirements under prescription drug monitoring programs will no longer be applicable. Like many non-controlled drugs, people will still need to get a prescription from a doctor, but those prescriptions will be valid for up to a year and can be transferred among pharmacies.
https://www.marijuanamoment.net/cbd-prescription-drug-is-no-longer-a-federally-controlled-substance-dea-says/
CBD Prescription Drug Is No Longer A Federally Controlled Substance, DEA Says
The Drug Enforcement Administration (DEA) has removed a marijuana-based medication from the list of federally controlled substances.
GW Pharmaceuticals announced on Monday that Epidiolex, a prescription drug it developed that’s derived from cannabis and used in the treatment of epilepsy, had been taken off Schedule V of the Controlled Substances Act. Effectively immediately, the CBD medication is no longer a controlled substance, the company said.
That means individuals will be able to more easily obtain Epidiolex. GW said in its notice that it will “begin the process of implementing these changes at the state level and through the EPIDIOLEX distribution network.”
After that point, state reporting requirements under prescription drug monitoring programs will no longer be applicable. Like many non-controlled drugs, people will still need to get a prescription from a doctor, but those prescriptions will be valid for up to a year and can be transferred among pharmacies.
https://www.marijuanamoment.net/cbd-prescription-drug-is-no-longer-a-federally-controlled-substance-dea-says/
Boom Boom time... like the price action... Chart is firming up...
Locked and loaded... ready to go!
$ENRT
$GBLX has been a rock through the corona plunge... could have easily traded down sub .01... not up for debate...
Trading at the 50 day MA... next stop... 200 day @ .07...
$GBLX
GB Sciences Completes and Achieves Statistical Significance in Preclinical Study of Its Proprietary Parkinson's Disease Cannabinoid Formulations and Begins Mechanism of Action Study With the National Research Council of Canada...
https://finance.yahoo.com/news/gb-sciences-completes-achieves-statistical-130000608.html
Very sorry for your loss L&L... had an awesome feline myself many years ago... believe it or not... he lived 22 years... crazy as hell but a true family companion...
On another note... hope everyone is remaining home and staying healthy... the state of the globe speaks for itself... though trading has been lucrative... Real estate properties & retirement accounts are decimated...
35+ years in the market... a portion of that as an investment banker and pro trader in the 90's... absolutely the craziest shi% I've ever seen... IMO it will take many years to recover if not decades... We wont know the true extent of the financial damage until many years after this virus has run it's course... lawsuits, political finger pointing to bankruptcy... the back-end of this will get even nastier... bottom line... we are in for a hell of a ride... the frighting part is that this is just the beginning... Stay safe...
$VLNCF
Very bullish...
SOME KEY POINTS FROM 43-101 Report:
-- Preliminary testing for the extraction of the lithium from the mined material has indicated that the material will be relatively inexpensive to process.
-- From the preliminary testing, the sediments will not require crushing or grinding prior to processing but may require some preprocessing to upgrade the material by removing the coarser fraction, which has been found to be of lower grade.
-- The type of processing envisioned will have a much smaller footprint than lithium brine operations, which now employ large evaporation ponds, making the proposed operation more environmentally friendly.
$ENRT
Chart comparison of 420 extractors...
$VLNCF is beginning to pull away from the pack... the comparison chart I made speaks volumes...
$VLNCF... the best performance out of the top 5... IMO anyone playing this stock made the right choice... we are on the right path... price follows clarity & execution...
See the chart comparisons here...
$$$$$$$$
Current Holdings for :: AdvisorShares Pure Cannabis ETF as of Mar 31, 2020
Symbol Shares Weight(%) 52 Wk Change(%) Report
Security Name
Symbol
Shares
Weight(%)
52 Wk Change(%)
Report
DERIVATIVES COL..
N/A 5,800,000 20.00 NA NA
BLACKROCK TREAS..
N/A 3,528,063 12.00 NA NA
INNOVATIVE INDU..
IIPR 42,920 10.00 -1.92
GW PHARMACEUTIC..
GWPH 25,982 7.00 -49.47
VILLAGE FARMS I..
VFF 681,160 7.00 NA
CORBUS PHARMACE..
CRBP 415,889 6.00 -20.72
VALENS GROWORKS..
VLNS 978,596 5.00 NA NA
ARENA PHARMACEU..
ARNA 37,721 5.00 -6.05
ORGANIGRAM HOLD..
OGI 838,675 5.00 NA
CARA THERAPEUTI..
CARA 105,121 4.00 -32.42
GREEN THUMB IND.. GTBIF 249,400 4.00 NA NA
CURALEAF HOLDIN.. CURLF 336,600 4.00 NA NA
TRULIEVE CANNAB.. TCNNF 180,800 4.00 NA NA
ZYNERBA PHARMAC.. ZYNE 352,968 4.00 -32.29
GROWGENERATION .. GRWG 252,111 3.00 32.67 NA
CANOPY GROWTH C.. CGC 79,951 3.00 -66.66
APHRIA INC APHA 435,122 3.00 -66.95
ALEAFIA HEALTH .. ALEF 2,713,003 3.00 NA NA
CRESCO LABS INC.. CRLBF 194,423 2.00 NA NA
CANOPY RIVERS I.. RIV 1,019,930 2.00 -26.36 NA
NEPTUNE WELLNES.. NEPT 395,607 2.00 -63.95
MEDIPHARM LABS .. LABS 433,674 2.00 NA NA
CHARLOTTES WEB .. CWEB 157,088 2.00 -23.08 NA
EMERALD HEALTH .. EMH 1,256,559 1.00 NA NA
KHIRON LIFE SCI.. KHRN 503,765 1.00 NA NA
IANTHUS CAPITAL.. ITHUF 464,000 1.00 NA NA
GREENLANE HOLDI.. GNLN 183,441 1.00 NA
HARVEST HEALTH .. HRVSF 308,800 1.00 NA NA
CBDMD INC YCBD 406,238 1.00 -80.74
WEEDMD INC WMD 544,762 1.00 NA NA
CARDIOL THERAPE.. CRDL 210,470 1.00 NA NA
HEXO CORP HEXO 146,188 1.00 -88.08
AURORA CANNABIS.. ACB 131,992 1.00 -90.20
TILRAY INC-CLAS.. TLRY 15,161 1.00 -89.91
GREEN ORGANIC D.. TGOD 517,961 1.00 NA NA
SUPREME CANNABI.. FIRE 762,112 1.00 NA NA
INTEC PHARMA LT.. NTEC 419,353 1.00 -97.07
CASH CASH -8,022,751 1.00 9.76
Security Name
HOD.... MACD crossing over on the hourly... ready to go!... $2.00- 2.10 target this run IMO...
$VLNCF
Good news however don't need a CC for this type of announcement... this was expected... IMO there is something else BREWING...
On another note... US exchange uplist would open the flood gate... Canadian opens the spigot... don't see this having a significant effect on price... hopefully we get additional announcements today that do...
$VLNCF