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No, you need to grow indoor to manage enough variables to have medical quality or top quality rec bud.
He isnt wrong. Since then the share count has ballooned to almost a billion. A thirty percent increase in pps would be a huge increase in valuation now.
If we see resistance hold today, and close green I think this corrections period could be ending
This company has cannabis supply deals all over the world. The market starts taking profits and re adjusting and what? You lose your ability to use logic and reason?
I think your assessment here is a little off. I think that institutional shares have been driving this pps down. Institutional selling has been driving the whole market down. Usually big money will sell into strength and buy weakness. Things are looking pretty week now, and aphria will announce its partnership with diageo soon. This sector should enter a short bull market again soon
What is it exactly that is painting a picture of a non holistic market? Isn’t this a high growth market in a new industry. We know that the US is going to legalize cannabis so would accumulation for a long term position not be a beneficial strategy? I am wondering what in your mind would take the cannabis sector out of correction territory, because in this sector it seems institutional money is driving the pps.
Don’t think so. We will see supply and demand of hemp go up with farm bill. Hype may be baked in but the future revenues and growth is certainly not baked in to anything
Stinks if you bought this upon uplisting to the “more reputable” market. You will have to hold and play the game the wall street banks design. My current position was acquired between 4.10-4.80. I am wondering if aurora could potentially dip below that with a huge greater market correction. We will see. The rest of the week will tell us a lot. It should be time to start buying. If that doesn’t happen I will be looking at a much longer time horizon.
I am worried about just how much the market will slide coming into december... i am sure there will be some profit taking for the holidays. Personally i think it is outlandish that the dow is still up 25 percent from just 2 years ago. That is some serious wealth growth at very low rates. I am wondering when the buck stops and am concerned for this sector as it will be the first to go in the event of a massive market correction.
I think if you wait a few years you will make money certainly
This manipulation is making me sick. We get all this amazing news and the old fucks want to keep driving it down. Im tired of these criminal bankers. Fucking worthless low lifes. The seventh circle of hell awaits them
Do you have any opinions on APHA?
What do you think about the prospect that peak news has been reached and smart money flows are becoming neutral to negative. Any catalysts on the horizon that you see? What do you think about the next month?
In short this is a bad argument because if it were true then the agriculture industry wouldn’t exist. Most 9-5 workers want to pay for agricultural goods, not grow them at home and worry about pest control, fertilization, harvest, processing, seasonality, etc.
These days the motley fool seems like an op ed factory
Compare cannabis to tomatoes. How many Americans grow their own tomatoes and don’t buy any from the store? No too many, and tomatoes are about 10 times easier to grow than cannabis. Sure its possible but is it marginally beneficial to grow your own cannabis when you can drive down the street and buy the highest grade available in an instant? Literally ANYgood or service can be procurred or created by a consumer instead of purhased from a supplier. In economics consumers consume because the benefit outweighs the cost. They dont just do things simply because they have the option
Cannabis is an extremely temperamental plant and if you want the highest quality product you must grow indoors and measure light quality, CO2 levels, humidity levels, particulate in the air etc. there are advanced techniques for maximizing yield and thc content, and the same strain can come out totally different with different methods of growing. Furthermore there is a trimming and curing process that must take place after harvest.
I think you need to do somemore research on the growing process of cannabis.
Why would the whole mj sector be red after sessions is fired? Im confused
Makes sense. Gotta sell strength and buy weakness i guess
When you said window dressing what did you mean? Running prices up?
Sorry, but what does this mean?
Very true. Hopefully we see some fundamentals start to drive this valuation
Well i bought shares around 3.50 but it is still annoying
Im really getting sick of the manipulation occurring here
Load the boat boys this is very big.
https://cannabisfindings.com/2018/10/19/clinical-trial-cannimed-cannabis-oil-for-parkinsons/
If you want the highest quality bud you need an insane ammount of environmental control not to mention the process for edibles and extracts is cost intensive and in cases dangerous
Hmmm...???
You think the inly thing that pushed the market is sentiment? Now we will see big investors start to come. Don’t be fooled things don’t happen overnight
Was the pr?
It wasnt a disaster. The same thing happened when canopy uplisted. Then constellation brands invested and the price sky rocketed. Many speculate that the major smart money sell off was intended to make prices more appealing for institutional investors
Today we saw level 2 trades, or smart money pushing the price down and triggering the momentum traders to panic sell. The MM’s were just pushing down the prices in the sector to prep for large institutional investments. Now the smart money is stopping the dump and we should see momentum traders follow
Today we saw level 2 trades, or smart money pushing the price down and triggering the momentum traders to panic sell. The MM’s were just pushing down the prices in the sector to prep for large institutional investments. Now the smart money is stopping the dump and we should see momentum traders follow
This isnt going back to 5.00
Corporate Cannabis
We are going to the NYSE and so are other Canadian pot stocks. The world stage was just set by a fully developed nation for institutional money to start pouring into major pot stocks. We have already noted interest in the sector from Coke, Altria, Diaego, and Constellation Brands. Major financial institutions in the US are beginning to create portfolios and mutual funds centered around the cannabis industry. The Pros outweigh the cons here IMO. Aurora is done with share dilution and now begins the age of
I imagine there are definitely some stops being triggered. I bet there was also some sell the news mentality contributing, and some people were panic selling too. These Canadian LPs do have pretty inflated valuations, so many investors have doubt and we happy to take profits. This minor sell off was predictable imo because of many factors. I am actually a bit surprised that we had such a strong reversal this morning. It looks like the various incentives to buy and hold are overcoming the immediate incentives to sell.
Could be. I am long both
Sorry if you panic sold your shares boys.
Fancy meeting you on yet another board for a stock I own. Great minds think alike!