Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
There was an expectation of hitting $4 million revenue in December, so anything close to that will be great. I can see 60-80 million in 2019 with UK coming on board, as well as other projects. Good times for everyone (except Rodger)
Namaste is planning on $4 million in revenue in December. that would be sweet! Next quarter will be real interesting.
The fact that Parcel Pal has an agreement to deliver MJ for Choom makes me think they must have a website to order product from. That would be a nice addition to the eventual 45 + stores across Canada. Delivery will be a huge plus.
Here you go Tex;
Goldman Small Cap Research issued a speculative BUY and $0.25 PPS Target
Amen to that! I think Choom will be a late bloomer though. Stores probably won't be opening until next spring, and I don't think this market will reward anybody until the revenues start coming in.
Pretty impressive!!! What have you done with the last 6 years of your life?
I don't think Aurora revenues for last quarter will be that exciting as it ended Sept. 30. No rec revenues. I do think guidance for next quarter should be excellent, and hopefully the market is looking ahead. Whether this impacts the rest of MJ land remains to be seen. Like most Mondays it will be interesting
I am not expecting knock out #s this quarter. Some of their acquisitions have not even generated any income at all. (Choom probably won't have any stores open until next spring). I do believe the next quarter will be huge, and guidance will reflect that. The biggest hurdle most MJ stocks have right now is dilution and that includes Aurora. Eventually share buy backs will be in order. Best of luck to all, and thank you Vets for the freedoms you protect.
Even if it was true, anything more then an 10-1 conversion would be a rip off for POTN shareholders
I agree. Aphria or whoever takes a minor position with cash to help POTN grow and increase shareholder value benefiting both parties. We would take a beating if someone bought out POTN as these share prices.
In reading about Aurora's connection with Choom I noticed they have obtained the rights to acquire 40% at later date. Not sure what % they own now, but definitely have interest in this company.
Pot stock profile: Aurora Cannabis investments may be more valuable than its pot
Beyond its construction activities, it will also be worth keeping a close watch on Aurora’s investments. Last quarter, the company’s stake in The Green Organic Dutchman Holdings Ltd. TGODF, -4.20% TGOD, -3.52% , for example, brought in more profit on paper than its cannabis operations. Aurora has since sold a portion of its shares but has made other investments, such as buying a C$20 million stake in Choom Holdings Inc. CHOOF, -4.42% , a Canada-based pot retailer, with an option of acquiring 40% of the company at a later date.
I am guessing he meant Aphria?
Well said "EMOJI MAN"!!!!
He's actually positive on POTN for long term holders. Its the flippers that keep bringing the price down.
They are still waiting for approval on oils, etc., at which time they will be added to site. Edibles are out till spring due to regulations.
The best way to stop MMs is to accumulate. buy and hold, buy and hold if even in smaller increments. It completely blows up their strategy of walking a stock down.
I am not a big fan of the mall approach. Foot traffic has diminished greatly with mostly teens (not our market!) there to hang out. Maybe a 3 month trial over the holidays would work, but online sales, and MJ shops are the way to go. IMHO
Yes you have been saying it for months. Question is why? Don't like the stock, don't invest, and don't advise. Pertaining to Seeking Alpha, I don't think anyone expected revenue change last quarter. This next quarter you might even be pleasantly surprised!
HOW TO BEAT MMS;
So how do investors somehow manage to overcome the obvious deception in OTCBB arena? One answer is indirection trading style by going long which the MMs do not expect. In the war between investors and public companies on the OTC BB vs the MMs, if the MMs have all the advantages due to position or other factors, direct confrontation such as momentum or day trading hitting the stock is a definite death sentence.
However, an indirect approach tends to weaken the path of least resistance before slowly overcoming it. The most effective way is long-term investors slowly accumulating and holding thus drawing the MMs out of its defenses making them as naked as their short position. This is war so this slow accumulation and holding for the long term easily achieves the desired effect to force MMs to cover and knock off the tactics or bury themselves deeper.
The MMs when caught will especially use every trick and tactic in the book to get a Bear Raid thus playing on the individual fear of most people. The MMs feel they have information and position advantages over the investors as long as the holding of the stock is in weak hands or short term holders. Since they are OTC BB MMs who believe all OTCBB companies are not worth investing and management is ineffective regardless what is happening within the company.Furthermore, MMs know they are in the position to impose a great deal of influence in OTC BB stocks trading when it suits their needs.
This inherent power of position enables the MMs to move the markets at any time up or down. As a result, the only way to draw them out of their favorable position is going long. Now this does not mean just any company but to effectively nail the MMs, Longs must find the great company on the floor and accumulate long before the MM tactics and games begin.
"Market Maker Speaks Out: "Ways of a Market Maker" Author: Unknown
Gary, it sounds like a 3 month CD might be in your risk taking "wheelhouse"
A lot of people her buy Diamond CBD. They have a great variety; oils, edibles, pet cbd, and more. We pass around the 50% off codes frequently. I use them daily.
I wouldn't shop anywhere else but Diamond CBD. Great service and variety of products. A lot of friends and family have signed up as well. It's not so much if, but when this will crack the $1.00 range. I will just add on with the dips.
I peel away a little bit as prices climb, but with MJs price has to double before I take some off the table, and then I have an ultimate goal (with ACB it would be $100 in 2-3 years)and keep half for that,but I am retired so have a shorter horizon.
Good stuff! The sky is really the limit on what Namaste can do over the next 2-3 years.
We get these like we get rain in Seattle Streett. Attorney advertising is all it is. Pay no mind to it, unless you are trying to alarm us, and that ain't going to work.
Know what you mean. When Aurora did the original investment, it shot over $1.00, now it retreats. Go figure!
We are at that point in the MJ world where people want to see revenues, and it will be next year before Choom will have their stores up and running. I do think once they open doors, revenues will be very strong, and at that time it will reward investors.
So appreciate the thoughtful posts, and insight from Warren Buffet. It puts things in perspective. A 50% return in a year is a strong growth stock, so expecting 200-500% in two or three months like some do is crazy. Potential is there, but certainly have no right to expect it. I am sure we will be back to the screaming millenials wanting it all, and wanting it now on Monday, but I know the core of this board realizes what we have, and the patience to see it through to fruition.
I believe June was the last release they sent out so not exactly hands on with their investors.
I have contacted a guy that reached out to me and said to call or email him anytime which I have done twice regarding number of shops open, and no response.
Awesome stuff. Good to hear they are moving product and getting good reviews on it. First impressions you know
I don't think they even have a store open. I have emailed twice to see if there are any issues with licensing,or if any stores are open and nobody has gotten back to me. It will succeed when they open, but for now no revenues
It sounds like your describing alcohol not smoke. Know when to partake and when not to. For me its a great way to tune into nature, on trails, beach, etc. Don't like smoking it in crowded areas, but thats just me.
CannMart support got back to me on inquiry about CBD.
"We apologize for the long delay. We will be carrying CBD products in the near future. We also are also partnered with NamasteVapes.ca if you are looking for Vaporizers."
Sincerely,
The CannMart Team
I know they are way behind on licensing, probably on purpose for a slow roll out on legalized rec. Might need to accumulate this one til spring. Should be stores popping open by then.
Recouped my investment so the rest is free money, and going to let it ride for a year or two. No worries here that this stock will succeed.
I added on to both today. Not much left in the piggy bank!
Have 6 stocks in the MJ sector, but Namaste has a good deal of my funds. As most, thought there would be a big run up in the summer, and again upon legalization, but I now think moves upward will need to be earned with revenues and partnership announcements. Best of luck to all, appreciate most on this board's advice
Somethings troubling me a bit regarding Cannmart. With no advertising allowed, how do people even know about it, other than chat rooms? I have googled online medical MJ in Canada, and see a lot of competition, but not Cannmart. I have only heard about one Facebook post where they purchased online. They spoke well of the experience, but would like to hear from more about their experiences.
It will be real interesting to see the numbers in sales and online patients.
I do think they need to market Rec on line though. Cannmart medical and Cannmart Rec. on one site