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There are only so many ways to say the MOASS is coming, and then it doesn't. I'm a long, but I dont watch his videos anymore. I have a fairly low average, so that keeps me in the game. If the MOASS doesn't happen soon, I think the you tubers will start to focus more on excuses why it didn't and wont happen. Stay tuned. I have to make a decision if the SP goes below my average. Bear in mind Ive been holding for almost a year with no intention of holding forever. If it weren't for the Reddit hoopla, etc... I never would've bought AMC.
I remember kicking myself for not buying this awhile ago. My how things change.
I haven't followed F in awhile. Has dividend been reestablished?
Its pathetic that these MJ stocks have been beaten down so terribly that when they have an up day, everyone has to justify it. Perhaps because its so rare these days. Youda thought with all the campaign promises that cannabis would be legal within the first 90 days of the administration, now if it doesn't happen before the mid terms, who knows. I do know the GOP has a plan also, lets hope someone gets er done.
I see posters in different formats complaining about CRON IR. Let me tell you first hand, they are not gonna tell you squat. You will be lucky if you even get an acknowledgment. I guess they are keeping the amazing RARE CANNABINIODS a secret.......LOL
Maybe if we are lucky Altria will fire the entire CRON mafia, and start anew with an honest, transparent company. Someone is under the hot seat with the delayed financials, too bad we cant get a glimpse. The Redwood deal has come back to haunt CRON, just like any high school economics student could tell you CRON overpaid for the Redwood rip off. Adler and Gorenstein GREATLY benefited from the 300 million paid for Redwood and they remain on the BOD. What an absolute travesty. Now we have delayed financials due to the BS they orchestrated. The entire Cannabis sector laughed at the price CRON paid. Lord Jones and Happy Dance are a complete failure and probably would be without COVID.
Hopefully Adler and Gorenstein are next.
I DONT GIVE A F about CRON either, its another Canadian LP SCAM....TRY AGAIN.
Why are you so wrapped around the axle on CVSI vs CWBHF? They are both going to fail in the end, so make a little money flipping these POS Cannabis scams.
Im thinking of jumping in when this goes sub dollar...thoughts?
The worst trading day of the year for most stocks is just another trading day for CRON, down again. If you only followed CRON you wouldn't know if the DOW was down 900 points or up 900, its always a down day.
Must be those AMAZING rare Cannabinoids...LOL
I dont see where Cronos is on the patent application.
Although not mentioned in this article Im sure old Kurt and Gorenstein are doing the same crap. I truly do not understand the philosophy of these LP's.
https://www.theglobeandmail.com/business/article-canadian-cannabis-executives-earn-millions-as-companies-burn-cash/
Looks like old Kurt is alot more excited than anyone on Wall Street, or for that matter CRON Shareholders:
“Today we mark an incredible achievement for Cronos Group and the cannabis industry at large with the launch of the first cannabis edible in Canada to feature cultured CBG. This new product is truly a breakthrough in cannabis innovation,” said Kurt Schmidt, President and CEO, Cronos Group. “We are delivering on our ultimate goal to introduce exceptional products that will unlock the full potential of cannabis and we look forward to bringing more rare cannabinoids to market under the SPINACH FEELZ™ sub-brand.”
For some reason I thought these cultured cannabinoids would have some large scale medical impact. I wished I had known 3 years ago that the "big plan" for all this research and expense was to make effing candy...unreal. You can see the market impact of this release...ZILCH
For some reason I thought these cultured cannabinoids would have some large scale medical impact. I wished I had known 3 years ago that the "big plan" for all this research and expense was to make effing candy...unreal. You can see the market impact of this release...ZILCH
OMG, at first I thought it was Borysek!!
http://ih.advfn.com/stock-market/USOTC/charlottes-web-qx-CWBHF/stock-news/85364448/charlottes-web-names-wes-booysen-as-cfo
Down and down we go...round and round we go...Repeat ad nauseum...
There is no way of knowing what CRON management is doing. No PR's and if you contact CRON IR, they will not answer any questions that are not already public knowledge, they wont tell you they cant respond, they just dont. The BIG news was supposed to be the RARE cannabinoids in Sept 21. That turned out to be a non event. So now everyone is confused, where is the market, what is the plan? The only news released was the initial payment to Gingo. Ive even tried to contact Altria (mo) to get some information, no response to date. I guess we will have to wait until the next CRON ER conference call to hear some more bull sh1t. Why the secrecy??
Im pretty fed up, this has gone on long enough. Luckily my average is low enough that I can bail. Unfortunate because I believed their bullsh1t. Turns out CRON is just another mismanaged Canadian LP.
Adult-Use-Retail-Establishment-License./TILT-Holdings-Celebrates-Brockton-Medical-Dispensary-Grand-Opening-Receives-Final-Adult-Use-Retail-Establishment-License
These Canadian LP Executives are like the Band Directors on the Titanic. Only difference is, when the ship sinks, they stick shareholders with the cost as they disappear with their undeserved millions.
Another story of how the Canadian LP Execs get their lavish pay while the share price of their companies continues to plummet:
https://mjbizdaily.com/cannabis-firm-cronos-ceo-gets-ca12-million-plus-in-partial-year-pay/
Slightly old news, but it illustrates how these Canadian LP executives including CRON, are swimming in cash as the stock price plummets:
https://mjbizdaily.com/cannabis-firm-cronos-ceo-gets-ca12-million-plus-in-partial-year-pay/
Is that what you did? Sold all of your CRON?
The Board doesn't get rid of Irwin because they are in on it also. The get rid of him, there goes their golden salaries. Its easier to keep him at the helm and keep those millions in salaries flowing, while TLRY loses millions, quarter after quarter. I wish someone would pay me a 3 million dollar performance bonus to lose 34 million dollars in a quarter. How does that work???? It may not be illegal, but it is certainly unethical.
The Canadian LP's have proven something once thought impossible:
You can actually lose money selling pot.
The problem with all of the Canadian LP's, at least as I see it, is they are paying their executives as if these were fortune 500 companies, when they are all bleeding cash like crazy. Everyone thinks that when the US legalizes all these LP's will be viable. I disagree the MSO's in the states are already profitable and making big cash, why in the hell do they need Canada??? Canada had a 2 year head start in legalization and blew it in every way possible.
So my suggestion is start paying these LP execs what they are worth, based on real performance. We should probably start at minimum wage.
If someone can explain Simon's performance bonuses after hearing the ER, I would be happy to hear it as long as it is based on past performance and not future pipe dreams.
TLRY's merger with APHA in some ways reminds me of the asset grab that ACB tried.
OMG...I Cannot wait to see the results tomorrow. Simon better have his superman cape on. My instinct says if it were good the share price would be up significantly...not the case, at least not right now.
Concur. I thought that Sept 21 represented the commercialization of these cannabinoids, not some PR that says they paid Gingko for the first installment.
They have yet to make clear what the market is for these RARE Cannabinoids. I dont care what they discover, where is the market???
What keeps me going on CRON is the firm belief that this stock is worth more than 6 bucks a share, especially with Altria.
I think if the US ever legalizes (dont expect it anytime soon), Altria will buy out CRON and list on the NASDAQ as a US company. I hope they fire Adler and Gorenstein. That Redwood acquisition proves they have no ethics.
One funny thing Ive observed about CRON and the other LP's is the lower the share price, the more high paid execs they hire....unreal....
Added to the CRON website:
https://www.thecronosgroup.com/cronos-rares
So the bad news is stock futures look horrendously bad. The good news is CRON share price goes down in any market, good or bad. So its really just a normal day.
Here is a topic from almost 3 years ago, that is never talked about:
https://www.newswire.ca/news-releases/cronos-group-inc-partners-with-technion-research--development-foundation-for-cannabinoid-based-skin-care-treatments-697565701.html
All LP nonsense and fairy tales. Maybe Irwin should consider a pay cut for himself, how many millions is he making in this losing effort? If he was really concerned and so supremely confident, he wouldn't take a salary until TLRY was profitable.