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Is there any news or information about that regulatory thing looking into the deal because it would give an American corporation access to over half the corporation's equity.....at or below $48.60 a share
I honestly don't get why someone would buy today at $69 while half the company goes on sale for less than $48.60.....these are the kinds of people I prefer selling to
WEED might go down though, price is high....going to take a while to start selling big volume of cannabis compared to its fully diluted market valuation....it's all about them warrants, you will see
I like STZ more than WEED, because STZ effectively bought half the corporation for less than $48.60 CAD per share.
could be.....we will see
It is crazy, every time it goes above $70 there is a sell off, where we headed to this time? I think it is going to go down....
Sure, I guess anything can happen - could go to $200, but I think Trump won't do anything that benefits Canopy Growth Corp....best thing he could do for us is nothing at all
and I think still, CGC will go down
I don't know....from what I understand, wouldn't it take Congress to change the laws....and they can't seem to agree on anything....used to be there was just legal and illegal....
and I have always believe that a swift and unruly US legalization would be bad for the Canopy Growth Corporation....the best thing for CGC would be a crack down on the illegal activities in the United States in my opinion - we would not immediately dominate in the United States....there is an entire established industry there.....we don't even make wax....CGC is far behind....
a good thing would be if they legalized medical cannabis and had a strict federal production licensing scheme like in Canada, and then shortly after they legalize recreationally.....should have had Hilary....if we had had Hilary it would have gone down like that.....4 year head start became an 8 - 12 year head start???? NO - Trump is all about America first, he will not let us in.....NO WAY
No, I feel the price will go down.....because of all those dirty warrants....Bruce sold out half the corporation and the deal closes end of October...$48.60 per WEED share. Constellation brands has low cost access to 1.7 shares for every STZ share outstanding....at these prices about $83 USD in value per STZ share....
I think it is all too good to be true, I think the price is going down, going to start down this morning, and it will be red all week
Canopy is going to go down this week?
that would be speculation....i sure hope so...I am selling 10 at $100, I can't be that much of a buy and holder
and I just bought another chunk of STZ, because it didn't sit well with me that I had more invested in CGC at these prices
well I just want all the buy and holders to know I am now on that team 100%...but let's face it, with the Constellation Brands deal this thing is fully financed forever....it has cash flow positive operations in Canada that start Oct. 17th - absolutely no doubt in my mind on that...Canopy Growth and Rivers are going to building and investing and the cash flow will grow
long term this still looks good, I like it - lots of growth priced in, but I suspect a lot of growth
but you know theres that deal looming out there, all those $50 warrants....that could be an opportunity, we are talking about a couple hundred million shares/warrants....
not to mention I think STZ is a great way to invest in WEED right now, STZ got a sweet bargain deal on half the company, way better than these prices
I have kind of split up my money and taken some long positions that I intend to keep for the long term - ranked from conservative to speculative it would be Canada big five banks, STZ, Canopy Growth and Rivers - and then I have a bunch of cash I might use to average down my position in either STZ, WEED or RIV if the market is so kind as to present me an opportunity, and if not I will continue divestment, next up might be FANG
I am a long term WEED holder, I bought in at $63 and change last I think and will not be selling that for years to come, even though right now I think it is overbought. I have taken the silly position of holding it no matter what the market says about it
currently 60/40 cash to investments
this is not fair, you are not the target audience, average man having coffee before work is the audience, an interviewer takes the role of ignorance and allows the subject to give the answers in his own words.
Its a style made to look Bruce good - he is playing the part of a dumbshit interviewer, and to someone that is just learning this stuff that might get them thinking that they are discovering something that is not known, an opportunity
this is not journalism, it is advertising and entertainment - they are ridiculously sophisticated at what they are doing - they are selling air
I believe the price is going to drop, more likely to drop than rise up, because it is clearly overvalued....buying now is speculation, you cannot make a argument to buy this stock on fundamentals/value - it's the warrants
its all one big complex chemical reaction, and I believe in determinism, free will is an illusion
Very well, then I contradict myself, I am large, I contain multitudes
its a dynamic process
nope, its the warrants.....Bruce has a better idea of what this corporation is worth than any other person on the planet, and he sold off half of it for less than $48.60....
I trust Bruce, when he put out a press release telling me he wants to trade TWD shares for BED shares, I trade TWD shares for BED shares. When Bruce puts out a press release saying he would trade CGC shares for MT shares, I trade CGC shares for MT shares....When Bruce is willing to trade WEED shares for less than $50 in cash, I am more than happy to take $65
Constellation brands bought a controlling interest, over half the corporation, for significantly less than $48.60 - the warrants are EVERYTHING.....imagine the volume they would need to get rid of those warrants - 15 million a day for ten trading days, lol!!!! They are going to have to start getting rid of them as soon as possible at these prices - $17 bucks a warrant....
so what is 48.6 to 67.5? Over 39% ROI, so the bought deal they haven't even closed on yet has a return on investment FAR in excess of 39% INSTANTLY UPON CLOSING if this price holds
which it won't, in my opinion
if by some miracle WEED can maintain this share price.....Constellation Brands is the one that banks, not someone holding here!
just my opinion, for what it is worth
They are doing it the Canadian way....they introduce a completely new industry and accept applications for entry.....then they delay while the small players bleed out and lose their schit.....soon, they will accept a limited number of applications and tell them they are working on the rest.....then more delays and more bankruptcies
they use paper as an illusion of opportunity and they use time to squash it - Bruce likes barriers
Fully diluted, with the deal Canopy just made with Constellation - we are looking at a market cap well in excess of $40 billion (will take 3 years to fully grow into or surpass that, but at these prices....)
on a side note, at these prices - Constellation has access to what amounts to $83 USD per STZ share of WEED stock.....every constellation share represents low cost access to 1.7 WEED shares
this is still the largest cannabis corporation in the world....over valued as it is, the whole industry is nuts, its a bubble, but when the dust settles Canopy will dominate, there is no doubt
if you have to buy, be prepared to hold for a long time
I don't even know what RSI means, I prefer the RZA
There have been so many buys and sells, I don't know where to begin, I sold all my shares the the first time it went above $67, and I bought them all back, and did it again...but this time around I didn't buy it all back because it didn't drop very far, yet :)
I would say right now it is over bought, you could just sell now
gaw damn, 30 days!!!! I need to know how to order from the SAQ, I want to order EVERYTHING from TWEED I can get my hands on, glorious
was just a taste, if it drops I will start doing dd on it, for now I just like the way Bruce talks about it - Growth and Rivers
well i wanted to at least pretend this wasn't pure speculation on HYPE!!! RIV HYPE!! This will be the first true green chip stock in my opinion, a steady dividend payer on cannabis finance earnings
171260093 is what I got as the latest bare minimum count, have not looked for options or anything,
about $1.5 billion market cap minimum, this would include the $104 million they just raised....have no idea of the book value either, trip to sedar wouldn't hurt
from what I understand the plan with RIV is to be a dividend payer - a financing operation.....
first order of business - anyone got a share count?
the middle of it's range today would be $9.71 CAD, so what the hell, why not?
damn it, no sooner do I ask that question and I wonder how many outstanding shares there are.....and I go on TMX Money and it somehow has negative net shares outstanding....
and I don't want to read.....but I made up my mind I won't be buying more unless I think I can figure out the market cap....
but STZ is where it is at in my opinion, i bought about 7 times more of that today.....i can always average down my RIV....and I think having cash is better than WEED at this point....but keep 1000 for the memories
8.88 for RIV, so $8,880 for 1000
I am in Canada, I bought it off the TSXV exchange via RBC direct investing, ticker RIV, easy cheesy, paid 8.88 CAD
Canopy Growth Corporation and Canopy Rivers are both over valued, the best possible place to capture real value from the current situation is through Constellation Brands - at these prices I think selling out CGC profits to buy into STZ is a solid play, just my opinion
Today was a day of diversification for me, and the start of a buy and hold era......bought $10,000 each of the big five CAD banks, $60,000 into STZ (210 shares), I got 1000 WEED shares I will be holding long term, 1000 RIV shares.....and a whole boat load of cash....got some hopeful orders in on WEED....and soon, if those don't fill I will start slowly diversify that away as well
looking forward to my first dividends....
This is all too much, it just keeps going up and down and up and down, just the way I like it, pinch the tip over and over again.....
I think I really need to stop smoking pot so much.....just smoked a joint....and I was thinking about the extraordinary success I have had....and at first glance it looks like it is because of cannabis....I am a habitual user and I invest in it and I make more money than I could possibly make from unskilled manual labor.....
But it is not really the cannabis that made the money.....I could have a job, I could go to school, I could actually study something.... instead I look at the price of weed every 5 mins
Just the time I spend actually rolling and smoking joints, the time and money I spend on it is ridiculous..... complete waste.... staying doped up....besides a little price discovery I am completely unproductive.... society works for me
I have plenty of cash to average down....either direction suits me...
yesterday I sold 3000 for 200 (67), just bought them back for 188 (<63)
I honestly believe that this corporation is worth at least $80 a share, just my opinion, subject to change
this is too damn easy, it is cheesy