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Lol...Will do. Lots of damage from Irma & Maria. Vegetation took a major hit. Locals said sustained winds of 200 mph for 3-4 hrs. Instruments maxed out at 270 mph and were pegged at times.
Heartbreaking..
Looking forward to a good news week for us.
GLTA
Great week... looking forward to more good news soon. Sailing the BVI's but keeping a close eye on the politics and like how it's looking for us..!!!!
GLTA
Thanks for clarifying. Makes much more sense than the whole division.
Lol... I missed that one.
Owned MedMed for about five months and it was a dog for me. I shifted to Curaleaf several months back thinking they would be a good acquisition for Canopy. Unfortunately they didn't get selected but have performed well due to their aggressive management team.
Agree. Business is business things change constantly and no one stays on top forever be it Linton or Sands.
I'm fully enjoying the moment regardless.
Good article...Thanks for the post and it's nice to hear from you..!
Hope all is well... & wish you a Happy Easter my friend.
Selling their wine division seemed like a strange move when I heard it.
Wouldn't be surprised if it was driven in part by the Acreage deal.
For years I have been critical of the prices we pay for the companies we buy. 3.4 billion seems a bit high for a market cap of 2.5 billion. Between the management of CGC and STZ both liking the deal I'm a bit more comfortable than in the past.
Like the STZ deal I get concerned that at some point Bruce gets handed his hat which would be a huge loss to the whole industry imo.
Even if you don't own one share of CGC Bruce's leadership & CGC have played a major role in shaping the global cannabis landscape and that's likely to continue.
Happy Easter to All...
There are a few good vertically integrated US Co's. MedMen had a joint venture going with Cronos so probably one of the others.
The world of cannabis M&A just got a whole lot bigger thanks to Canopy.
Gotta love the way Bruce works a problem.
Couldn't be better news for US companies and cranks up the heat on the Fed policy makers.
Way to go Bruce.
Wonder who Bruce's first choice was.
Seeing CGC @ $250 we can agree on.
108 mil loss and the drop in Rec$/gram were the party killers. Hard to imagine they can ease concerns on those.
Revenue % increase for the Q & YOY were really good.
Believe we will see a small bounce once the panic sellers are done.
Maybe the conference call will have something encouraging.
GLTA
Fingers crossed... Good luck Twister.
Technicals look great for a breakout above $10.
20,50,200 MA's converging, with the 50 getting ready to cross the 200 day MA. Price has established a strong flag pattern over the past 10 weeks. Momentum & RSI also look positive.
Aphria is overdue for a move up just need decent numbers on Monday.
Don't see it breaking to the down side but if it does it looks like it's got support around $9.40 so not a lot of risk on the downside.
GLTA
Obviously have friends in the alcohol business.. lol.
It's ridiculous DB... It will probably close around $40 due to an article that has 12 month price target of $56..???
If you wern't a buyer of something in the sector today you missed out. This is one of those BS scares that drives out the people who already had one foot out the door. If you were waiting for something to come down there were some good bargains including CGC. JMO
I've lost count how many times we've seen this.
It produces some good buying opportunities for those who have learned to use these pull-backs to their advantage.
"Scotiabank maintains a “sector perform” rating on the company’s stock, with a one-year price target of $56".
Some fear of optimistic quarterly projections.
Yet Trulieve reported good numbers today and likely Aphria's numbers will be decent on Monday.
He sounded more pro cannabis in his conformation hearings.
Now he sounds like he's got one foot firmly planted on both sides of the fence. Dosen't make me feel warm and fuzzy.
Sooner or later the political pressure will be overwhelming and they'll be forced to start making changes. Every day we get a little closer.
Enjoy the readings...
Extremely well said.
Been a lot of rebuttals to his comments over the years but that was pretty complete. Would have been nice to get him to join us.
Think we're mostly sideways until next earnings.
Some unforeseen bad news could put serious downside pressure on price.
The lack of a German deal at least short term makes the price a bit more fragile imo.
An important shift is the "mote" that's being utilized by US companies by maintaining cannabis as federally illegal with no States Rights bill. Basically keeping Canadian Co's at arms length. Which Barron's had mentioned.
Wouldn't be surprised if mid 2020 the US had a major policy shift, but that allows time for several US companies to establish a very strong US market foothold. Think the US government will also work in tandem with the industry in a way that allows them to maximize US benefit which could include maintaining some kind of mote.
Long term progress may be a bit more of a struggle but the momentum of Canopy is overwhelmingly good.
Just some insomniac ramblings..
Best of luck Fah.
They've had plenty of time to get their act together.
The one thing that isn't on their side is more time. Their only redemption for past lackluster performance was to show good numbers and they blew it.
Their not a bad company their just not good enough given the playing field. When they bounce back a bit I'll be selling. CGC is a much better opportunity as are several others.
Completely understand the power of conviction and wish you good luck. A future pharma deal will make you a hero and a bunch of money. GLTU
You'll need a major unforeseen catastrophe to hit the lows your talking about. Without that I don't see it happening. JMHO.
Guess the CTST vs CGC debate has produced a winner.
Was hoping CTST would report better numbers. Good early day buying opportunity for CGC shares.
Absolutely true.
Your target price range is within easy reach now. If Cann Trust reports good numbers pre-market we could see the sector move back up a bit.
Given how long it will be before CGC reports again $38-$39 is very likely. My guess is it won't be in that range for long once it gets there.
Same here... sector diversification has been a good strategy.
That was my thinking. I'm calling again today.
Only after five years. Still a Roth is the way to go.
You could just take a portion of your IRA that you won't need for that period and roll it into a Roth.
Have to imagine 100K worth of Canopy left for five years would be handsomely rewarded especially if those shares were also collecting rent from shorts. The catch being you would have to pay tax on the amount you move.
I'd call them and ask why Fidelity, Etrade and I believe Schwab offer it and they can't. I'm also with TD and keep hounding them.
Great question it's a sea of red.
Missed the first posts on the 700 mil.
It showed up for the first time on my news feed earlier today. Do believe once people think about it the price will rebound.
April 1st numbers should be good.
With the exception of Canopy and Cronos most have not received a major cash infusion from an outside source.
That lack of cash has meant a restriction to growth. So they get best of both worlds in a sense. 700 mil to fund growth that only becomes dilutive when it's issued and likely comes with an announcement of strategic expansion. And if you think your shares will be worth more in the months ahead it lets a company get a "best price" when they do issue shares.
Would seem pointless to do it purely as a visual so I'm looking for an announcement sometime in the near future. Given that perspective thought 8.63 was a good buying opportunity so added shares but could be way wrong.
https://hedgeaccordingly.com/canntrust-files-shelf-registration-to-issue-up-to-700-mln-of-debt-or-equity/
Probably why we are seeing a drop today.
This is a good strategic move and a sign that something positive is on the horizon. It's probably being misconstrued as something bad. It isn't. Specifically it's non-dilutive and would bet most think it is.
Previously posted by livelongandprofit,
https://www.investopedia.com/terms/s/shelfregistration.asp
Thought it was the poultry folks at first.
http://purdue.ca/en/2015/02/04/purdue-pharma-canada-announces-appointment-dr-rami-batal-vice-president-business-development/
Canadian regulators do a much better job than the SEC in the US. imo
Nice Thanks.
Picky's good, taking a trip to MA when the weather's better.