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100 a day? per store? I have no idea.
whatever it is, i hope CGC has enough of that bud there at all times... good stuff too, i'd hate to see more pictures from awesome every single day.
well,not only that, there's a lot happening this week... and frankly, a lot of people are degenerate gamblers so of course they're going to get in on it.
BOOM... there it is...
jon, admit it, you are wrong.
you say the meeting is meaningless, i tell you it isn't and give you a reason why it isn't and you come back with, "our economy is down!"
okay.
you're rather short sighted. so far what do we know about legalization? not much other than it's coming and they aim to regulate and restrict access. perhaps bill blair will be able to get into it a little deeper than that?????????????? maybe.... just maybe...
I have a feeling that'll supplement my pension quite nicely. .. (17 years from now) haha..
The problem with this investment is I never want to sell... so... how will I ever benefit?
Yeah... it feels nice to be situated before that happens...
We can see that they're doing pretty good in the orders chart mmpr user put together....
I want more though.
There's gotta be a pharma sales Rockstar or two we can steal.
Would it be a good idea for cgc to recruit and hire pharmaceutical pain medication pimps?
So they can go and do the same work but selling marijuana instead?
Wondering if they have any value... maybe some med community connections? ??
Break on through to the other side
I wonder if theres a way to embed it onto the landing page here, in a way that automatically updates when you update it...
they're giving people incentive to hand in contaminated marijuana.
I followed your lead! G1752
haha.
next thing we know we're on the nasdaq. that'd be nice.
Will you write to your MP about this?
like i said earlier, look at how the market reacted and compare that to the bitchers commenting, see who's right? not them.
all thats fine and dandy, however, the market seemed to like it. gap up 5%... have fun arguing against the market.
imagine getting our partner snoop lion to go talk to these bureaucrats.
he has a strong pimp hand so I think he'll get a lot of them along side us in no time. plus I bet a lot of their kids are big fans of his. so, theres that too.
Good idea. I wouldn't be surprised if it happens next week.
Last I saw,end of Feb
I'd like to see this close above 2.73 today... I'd also like to see the specifics of the deal.
I hope snoop didn't just make us one of his hoes.
Double eagle and I called it... strange.
Somehow I called this last week. ..
Have you heard of bedrocan?
1 hour ago by Accesswire
SEATTLE, WA / ACCESSWIRE / February 5, 2016 / Canada already has about 40,000 medical cannabis patients in a market worth between $80 and $100 million, but if recreational marijuana becomes legal, the market could be worth upwards of $5 billion, according to Dundee Capital Markets analyst Aaron Salz. With Justin Trudeau's election as Prime Minister in October, recreational legalization seems inevitable to occur, as it was a key campaign promise that he made to voters. [1]
The burgeoning cannabis industry comes in stark contrast to the slowdown seen across many other sectors. With crude oil prices breaching $30 per barrel, the S&P/TSX Equal Weight Oil and Gas Index has fallen 8.74% so far this quarter. The overall S&P/TSX 60 Capped Index hasn't fared much better, falling about 7.55% over the past quarter and 17% over the past year, as China's economic slowdown takes a toll on export-driven sectors. [2]
In many ways, the cannabis industry may be an attractive investment given the predictable revenue from domestic medical cannabis users and the potential for recreational legalization over the coming quarters. Canopy Growth Corp. (CVE: CGC) (OTC: TWMJF), OrganiGram Holdings Inc. (CVE: OGI) (OTC: OGRMF), Supreme Pharmaceuticals Inc. (CNSX: SL) (OTC: SPRWF), Aphria Inc. (CVE: APH) (OTC: APHQF) and other licensed producers are all trading significantly higher over the past year compared to the TSX and S&P's lackluster performance.
Strong Growth
Canopy Growth reported second quarter 2016 revenue that increased 44% sequentially to $2,466,121 with year-to-date revenue of $4,176,278. With approximately 9000 enrolled patients, the company is a clear leader in the emerging industry. Gross margins of 62% point to a very profitable business model that generated a net income of nearly $4 million last quarter - although that includes unrealized gains on biological assets. [3]
The company is also well positioned to take advantage of the future. With three state-of-the-art production facilities, the company is already capable of supporting tens of thousands of customers without any further expenditure. At the end of the second quarter 2016, Canopy Growth had over $24 million in cash [3]. This financial strength will support additional production, research and development, and sales and outreach efforts.
Watch a recent interview with Canopy Growth CEO Bruce Linton below. If the video does not display properly, please follow this link to view: http://www.cannabisfn.com/cfnvideo/?id=1DgiXHOC
In November, the company invited Health Canada to inspect its facilities to pave the way for approval to produce and sell cannabis extracts. Obtaining this approval will enable Canopy Growth to compete in the cannabis extracts end markets. Since smoking has many dangers, many doctors have been hesitant to recommend medical cannabis. Cannabis extracts may solve this problem by enabling clinical dosing without the dangers of smoke inhalation. [3] Oil approvals appear to be imminent with the company saying that it expects licensing in early February 2016.
Limited Risks
Canopy Growth is largely unaffected by many factors influencing global equity prices over the past several quarters and may even benefit from some underlying trends.
Crude oil prices may have damaged the oil and gas industry, but Canopy Growth may actually benefit from lower energy costs. With lower input costs, the company could realize higher gross margins over time. Lower energy prices could also improve household finances and make medical cannabis - and perhaps recreational cannabis one day - more affordable for consumers.
In addition, the company is not reliant on exporting to China or emerging markets and conducts its business in Canadian dollars, which limits its currency risk exposure. It is also immune from being undercut by foreign competitors as the industry is domestically insulated with all production taking place in Canada.
The most important growth metric today is the number of patients enrolling in medical marijuana programs, which is expected to jump from 40,000 to more than 440,000 by 2024, according to Health Canada. The public health agency projects that these patients will create a C$1.3 billion per year market by 2024, while recreational marijuana legalization could expand that number significantly over the same timeframe. [4]
Canopy Growth's wholly owned subsidiary Bedrocan Canada reduced prices from $7.50 per gram to $5.00 per gram in January. With production facilities operating at full capacity and performing well, operating costs are low enough to support the price decrease and make medical cannabis more affordable for patients.
A unique aspect of Bedrocan Canada's offering comes from its deep history and growing experience. The division was purchased from Bedrocan BV, a Dutch company that spent 20 years perfecting growing processes that result in genetically stable and consistent product, something doctors and patients both truly need. Few competitors have the scale needed to produce cannabis at such a low price and the standardized product serves to further differentiate Bedrocan, all of which could translate to increased market share at the industry's early stage when it matters most. [5]
Looking Ahead
Canada's cannabis industry is growing at a rapid pace as medical cannabis becomes more ubiquitous and recreational cannabis moves through regulatory hurdles. As a leader in the market, Canopy Growth represents an attractive opportunity for investors to gain exposure to an industry that is rapidly growing and has limited risk exposure to bearish market dynamics, like crude oil's dramatic fall, China's economic worries, and fluctuating currency valuations.
For more information, visit the company's website at www.canopygrowth.com.
About CFN Media
CFN Media (CannabisFN), the leading creative agency and media network dedicated to legal cannabis, helps marijuana companies attract investors, customers (B2B, B2C), capital, and media visibility. Private and public marijuana companies and brands in the US and Canada rely on CFN Media to grow and succeed.
CFN launched in June of 2013 to initially serve the growing universe of publicly traded marijuana companies across the US and Canada. Today, CFN Media is also the emerging digital media choice for the top brands in the space.
To learn how your company can be covered by CFN Media, visit http://www.cannabisfn.com/become-featured-company.
Image: https://content.jwplatform.com/players/1DgiXHOC-DaoTez7J.html
Sources
1. http://business.financialpost.com/news/agriculture/canadian-marijuana-stocks-jump-as-liberal-wins-signals-legalization-on-the-table
2. http://us.spindices.com/indices/equity/sp-tsx-equal-weight-oil-gas-index
3. http://finance.yahoo.com/news/canopy-growth-corporation-maintains-revenue-110000237.html
4. http://www.ctvnews.ca/politics/facts-and-figures-on-medical-marijuana-1.1753714
5. http://business.financialpost.com/investing/market-moves/medical-marijuana-producer-bedrocan-lowers-its-prices-to-5-a-gram
Legal Disclaimer
Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Important factors that could cause these differences include, but are not limited to, the demand for the company's services, governmental regulation of the cannabis industry, and the company's ability to execute its business plan. Emerging Growth LLC dba TDM Financial, which owns CFN Media, is not registered with any financial or securities regulatory authority, and does not provide nor claim to provide investment advice or recommendations to readers of this release. Emerging Growth LLC dba TDM Financial, which owns CFN Media, may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. For full disclosure please visit:http://www.cannabisfn.com/legal-disclaimer/.
SOURCE: CFN Media
http://www.accesswire.com/img.ashx?id=436493
Snoop dog.
Where's the news at cgc?
the thing is, those compassion clubs are 110% for profit.
if you look at the bud only small amounts of it are in focus. they're right. the whole bud should be in focus. (at least i think so) they need a higher f-stop on the camera to do that.
Doesn't look like the market cared too much. Such low volume. Selling too.
I was speculating that they know the peace naturals deal will close the first week of Feb. That's why they can say thats when they'll have the oils license... other than that, I don't see how they can say with any amount of certainty when a government agency will do anything...
like I said before, if it can be misconstrued, it will be misconstrued. calling on the police to shut down illegal dispensaries is them saying they're calling on acts of violence... cause, to these retards, enforcing the law is the same thing as calling for acts of violence.
candies packed full of sugar are probably more dangerous for kids.
its typical behaviour i've seen as of late. anything that can be misconstrued will be misconstrued. usually by some fanatic.
journalism doesn't exist, it's all entertainment.
lol! we're on the same page. .7 is right...
when did they go up? it was always 10 for a gram for me and less if i got more. this was ten or more years ago though.
it looks like theres a meeting going on tomorrow. might explain the eod run up.
http://www.straight.com/blogra/618816/bc-health-minister-throws-weight-behind-liquor-stores-bid-sell-recreational-marijuana