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Canadian government has already stated that a slow rollout will begin in mid December...even though it legal tomorrow products will not be available to consumers.
So, I don’t think that statement is accurate.
Furthermore, I seriously doubt they’re gonna let e-commerce sites/US companies run free while constraining their own companies.
It’s a nice thought, though.
If someone can provide some actual DD to prove me wrong please enlighten me and I’ll sit down and eat my crow lol.
Great DD? This has been known all year.
Cronos announced a separate JV IPO for Cronos Australia... pretty sure that’s it.
Don t know or care about Tilray.
I’m with you. Check out tipranks.
They give Valens around a $6.50 USD target and MEDIF around $6.25 USD (both consensus). Think GMP just gave Med a $8.50 USD target.
However, we know new deals will be signed and imo these numbers might be light.
I’m really interested to see what comes of the Bezinga Chicago conference for both and the London conference for MEDIF.
I believe EU GMP is right around the corner as both are working towards it.
I will gladly accumulate both as they dip for no other reason than all the turds currently circling the cannabis commode. Well run, high margin, profitability, global ambitions.
The street can go F itself. These will be winners.
Valens is already one of the 5 cheapest pot stocks on the planet.
Future revenues along with the current trajectories point to long term pps increases.
With so many dogs out there it’s nice to have a few racehorses.
These guys are taking care of shareholders and protecting their long term vision.
No dilution machine here.
Saw that. Even so, a strong quarter.
I didn’t expect to be profitable this Q and that explains it.
With all the turd investments out there I think it’s still ok to be excited about this company and where it’s headed.
VGWCF with a huge beat after market. Hopefully we get a little of that juice tomorrow.
Two revenue beats today. Hopefully bounce again tomorrow.
Tend to agree on the spikes. However, we might see more money flowing in to already profitable companies because so many have been burned. I honestly didn’t expect profitability this Q- huge feather in the cap.
Either way I’m fine..we are going to keep moving up.
Sometimes (oftentimes) slow and steady wins the race.
I’ve got eyes on longer term not get rich quick.
Nice to see all the DD payoff.
Congrats longs!
Glad you got on board funman.
Can’t wait for MEDIF numbers they’ve gotta be huge.
Two revenue beats today- great news.
Glad I’m holding a large chunk of VGWCF too!!
Sector should (hopefully) bounce again tomorrow.
WOW! Huge beat! Already profitable- where’s the Dude?
Can I get a Choo Choo!?
Look at that growth from Q2 to Q3!!
I’m with you in general but I’m gonna be diligent in keeping my thesis validated.
Things are moving swimmingly for now. However, continued execution is key. I have no reason to believe they won’t continue.
Thus far this year, a rinse/repeat with trading shares along with my core long shares has paid dividends.
The sector can be so volatile that imo it’s prudent to take large gains when on the table...then buy the dips...all while holding my long core super tight.
I watched CWBHF run up to $25 after I bought chunks between $9-10 and stayed pat- mistake. Next time it ran to $23 I sold part of my position and waited. It came back under $12 and I almost doubled my trading shares. If it were only that easy all the time lol.
No matter the strategy these companies should be winners.
I’m not a hype man. I like fundamentals with a bright outlook and good management. People buying the hype machines have been massacred this year. Those who did proper DD are still doing fine even in this tough climate.
October 22-23 in Chicago. Bezinga conference....lots of players there.
Just saw it on SA
I think it’s more frustration over the almost weekly dilution lately.
I know it’s a necessary evil but man they’ve really been hitting it hard.
I’m okay with most of the moves they’ve made with long term in focus.
However, I’m less enthused about the recent software acquisition. I believe I read the app/software isn’t even finished?
Either way this is my spec play so I won’t lose the farm either way.
I’m not sure something is up other than Aphria beating estimates and Valens set to report good numbers after market.
Whole sector floating for the most part.
I hope there’s more to it but I’ll take what I can get at the moment.
My question is whether this will kickstart a sector reversal or if it’s gonna headfake.
This earnings season is sort of a proving ground for cannabis stocks.
GLTA.
I think it was a smart decision. With ppg dropping there’s not much sense in jumpstarting a farm for their business model.
Agree, they’ve seen MEDIF and realized they don’t need to invest in growing. Put that capital elsewhere and do what they do best imo.
They need to ramp white label and beverages.
Imho, MEDIF is pioneering the extraction model and showing what’s possible.
I still really like Valens, though. My position size is about 2.5:1 MEDIF:VGWCF
If testing becomes a bigger deal Valens will reap immediate rewards.
Both winners.
Awesome! Welcome aboard!
The four stocks you mentioned are my largest holdings too lol!
Really like them all and got good entries across the board (esp GTI & CWBHF).
Nice. I think I was a little too stubborn on my bid. Almost moved it up a few times but held tight.
Probably start to run tomorrow lol!
They are the smart play right now imo.
Valens and MediPharm have proven to be financially prudent with successful business models. The 2.0 tailwinds will be pushing them both through next year.
I am overweight in both and I’m happy to sit here. Look at all the turmoil with big LP’s. I’d rather be involved in the ‘smaller’ companies that provide services to those sh!tshows but also have their own independent products to bring to market.
So far, the model is proving successful as MediPharm is already profitable and Valens should be there by eoy or Q1 2020. Money will start flowing to profitable companies moving forward as reality has begun to set in.
Nothing is bulletproof and they need to keep executing/signing contracts but if they stay the course big returns lie ahead imo.
I’ve been trying to add both today but the painfully low volume is killing me.
I’m surprised about the low volume here today with earnings tomorrow...wondering if that’s an omen?
Likewise! I’ve had to bookmark a currency converter since I began in the cannabis space.
As other companies (big LP’s) have been fumbling all over the place MEDIF/LABS has had boots on the ground doing work.
Germany deal, Australia shipments/faculty nearing completion, significant war chest handy, etc.
As long as they just keep operating at their current trajectory and don’t have any mishaps this ticker is going to reward us big time.
The people that got shaken out during the panic will rue the day they let go here. This will be one of the stars of 2020 imho.
The time has come for the losers and winners to start separating as investors become wary of the poorly run companies with ridiculous valuations and poor share structures.
I’ll continue to be on the buy tomorrow if we don’t jump.
Dude always bringing the goods. Accumulating all I can at these levels.
The time is coming where this will be an afterthought. All the bad reports/news have nothing to do with us here. Nothing has changed here except the major discount in sp.
Looking forward to bouncing along here and posting the ‘CHOO choo’s’ like the good ole days soon.
This dude abides lol.
Customers don’t like it? Where are you getting this info? Could you provide a link?
Halo has managed to do well in Oregon which is a notoriously difficult market. So, I’m curios as to why you say those things. Not saying you’re wrong...just hoping for some DD I haven’t uncovered.
Seems to me that DabTabs and the Shatterizer would be doing well during the ‘vaping crisis (lol)’ climate.
Finally, if you’re not that high in Halo as a US extraction play then who do you like? It’s one thing to throw a warning out but you gotta have a retort as to who you like and why?
Anxiously awaiting your fourth post ever lol.
Is this your alias shine box guy?
Yeah, I’m with you on the big picture and that’s what I didn’t cut and run. Haven’t averaged down just yet...just wait and see for now. At this point I can afford t wait and see if we hold support. I’ve been hoarding my Canadian extractors the past few weeks too lol!
Completely agree on the fragmented market problem as well. It’s creating a much more complex path for US extraction companies (compared to the Canadian ones).
People like to come here and trash the stock but I’ve yet to hear a viable alternative for US extraction plays...but I am all ears.
I chose this as my US extraction company.
First half of the year they were executing a clear strategy and growing within their means..record revenues for the first 4 or 5 months.
Since then, they have (imo) sort of gotten over their skis a bit by the ‘growth by dilution’ strategy.
I still like Halo and am holding. I just wish I could’ve bought in now and not @ $0.40 lol.
Still like them long term IF they get the dilution under control.
Very innovative company with footholds in good markets.
The sector slaughter has been rough everywhere...but especially here (in comparison to other extraction stocks).
With time and financial prudence I think it can/will run like a Valens/MEDIF (I’m talking to ~$2.00- VG & Med are headed much much higher soon).
Wow! What a great read and nice find.
Always good to have my thesis validated.
Tried to pick up some cheapies today but had the bid a little low I guess. Might make a go Monday but feel like me might see a ramp up in sp with dynamite earnings coming.
Everything in that article is why I’m loaded here and MEDIF/LABS.
Two of the very few with reasonable valuations and still (somehow) flying under the radar for the most part.
There’s substance here and many cannabis stocks are hype with no cash, terrible balance sheets, and poorly run.
Touché.
That would definitely qualify as a loss without selling!
Yes. Companies are spending major dollars trying to formulate/infuse beverage products and many are finding the process tough sledding.
The emulsion tech is huge and one of the many reasons I really like VGWCF.
Always bounces back at these levels?
These are the lowest levels it has ever been since the parabolic rise. So, there’s no history to back up that statement other than the small bounce from $1.50 ish.
I do hope you’re correct, though.
Thanks for your input.
I hesitated here (along w Medicine Man) at the start of the year and watched both of them both go parabolic lol.
Thems the breaks sometimes I guess.
I did manage to buy chunks of CWBHF from $8.9’s all the way up to $10 so all wasn’t lost.
I appreciate the insights. This one’s been hanging tough (with regard to most others) in this downturn.
But I have no problem being patient.
Thanks. Yea I’ve had my eye on $1.35 as a scale in point and then wait and see.
The sector really needs some good Q3 reports (obviously).
Valens is reporting soon and they’ll have good numbers but that alone won’t be enough. We need a group effort here!
Umm...considering my cannabis portfolio is still green there’s nothing to hurt over.
In fact, with the downturn in the sector I’d say I’m doing quite well to still be green.
How bout you shine box boy?
Maybe your paper route can buy you another couple hundred shares lol.
I’ll admit I’m holding a small bag here but I only threw some in spec money.
I have much larger positions in the cannabis space still holding gains, though.
Im not mad. Nobody wins them all and it’s not a loss until you sell.
Well sh!t...she just won’t come down to my preferred entry point lol.
All things considered in the sector this one seems to be pretty strong.
Well good luck with your NXGWF investment.
Both companies topped out around $0.60. Halo now @~$.20 and NX @ ~$0.11.
Talk about a dog lol!!
Besides, you’re investing like $300 at a time from your posts on the NX board.
Maybe you should go get your shine box instead of pretending to know what your talking about.
This is spot on. Nice post.
I watched L2 on one of my tickers yesterday and this exact scenario played out all day.
Started at $x.xx and was rinsed/repeated all day.
So refreshing to see a company not dilute its stock/shareholders to death.
It’s nice to feel that shareholder are valued.
Smart growth is the path to long term relevancy.
Got positions in all three...would love to hit the trifecta!
MEDIF & CW my two largest holdings.
Uplist imminent? Motley Fool thinks so.
https://www.fool.com/investing/2019/10/09/3-marijuana-stocks-that-should-uplist-to-the-nasda.aspx
How about since CBD is already an approved drug ingredient the FDA goes the route of allowing ‘hemp extract’ to move forward but not ‘CBD’ on labeling and such?
Not saying it will happen but it’s a possibility. Lots of grey area right now that needs clarifying.
I agree they need to drop the hammer on the companies producing inferior product and let the ones who’ve worked on quality to flourish.
Also agree most likely outcome is limiting dosages for otc products.