Going Green
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I’m feeling brave so I am taking more on this $22 gap fill & MA crossover on the daily,... LET’S ROLL
Yup especially PINK CURRENT ones like this... That’s the big risk IMO as I have been burned when they’ve gone “grey” but with something like this we have a good setup... no matter what is said about 7bln OS etc... these MOVE.
Yes!!! And great assessment in your other post btw...
Exactly my thoughts .... run into earnings and then Borys goes short $28.xx annnnnd smack down. Gambling on this short-term prospectus here .... And I believe what you’re saying about next Q as many of us are just sitting here fixing up our migraines and hangovers etc !! Hehe
Have a great one!
I’ve even made money on 000s that DO end up doing an RS.... RseeHA comes to mind... anywhooo! Still here, .0001s and 0002s and 0003s will make $$$$$ and a brand new audience will roll in. IMO ! GM & Stay Safe everybody !!!
Lol the 2020 nipple drip
Boris got it ! Lol. Pence... V-recovery weeee....let’s get another nipple chart up. Anyway, have a good day everybody. What a weird-ass moment in time lol.....
Damn. Tokyo is loving corona-commerce
Thanks ! I appreciate that explanation ... crystal clear... taking that non-cash “loss” on the balance sheet weighs against the tax hit on earnings — all a part of the “EBITDA +non-cash losses” — if I am reading and comprehending correctly.
Thank YOU sincerely for clarifying that. I didn’t know exactly how it chalked up. Great to know!
Can’t see any other “likely” scenario is what I should have said.... Expecting it to dribble on this news and rally on the “silver cross” toward earnings.
Got the mitt ready !!
Yeah this is what my understanding was — I don’t think Impairment affects EBITDA as depreciation, right?? It’s just like “admitted overpayment” or something....because now these greenhouses are worth shite all compared to before with legislative changes allowing outdoor grows etc.
I am looking at that technical pattern that just looks so textbook to 4 months ago I can’t help but see any other scenario. I put my $$$ on it so I’ll pay if I’m wrong. Been here since the start and I’ll be here at the end lol
I hear you sir.... I am thinking the same thing, but I took more today seeing it hold and I think the “impairment charge” will shake a few —- but I think history repeats itself here and I am “IN” big and ready to double down on the “head fake” dip that comes before earnings.... Primarily I play the fundamentals but I have learned a lot from watching the technical wizards around here... I believe this pattern here will still play out...
Ready for the Gap Fill at $22 and a rally from there as history tends to repeat itself....
$WEED $CGC “Silver Cross” setting up on the daily....
— GreenKnight (@TheGreeenKnight) April 29, 2020
Room to RUN into earnings, IMO.
History repeats itself: pic.twitter.com/WfjwfL4UHD
Good stuff. Keep those costs down. Got the inventory. Good move.
But now we have curbside pickup and OCS pumping out product so I bet basket sizes are large (max 30g) and people are just stocking up. Most bulk (15g to 30g) containers are selling out in less than 2 hours on OCS.
Gotta watch a bot on reddit to see when stuff gets restocked lol
Yeah pre-rolls sell really well. $10 for a gram joint, perfectly rolled in its own single tube. Great margin.
Cheapest ounce I bought on OCS was Pure Sunfarms Indica at $117.60 ($4.20 per gram), TAX included.... Canadian prices of course. Quality was better than expected. Also $10.48 taxes included for a gram of kief too. Better flowers can be over $200 for an ounce.
Have a look here and see what you think: https://ocs.ca/collections/buy-in-bulk?product=4362129901388&load_view=load
The black market is competitive and ranges between $100-$240 per ounce depending on what you’re buying and how much .... Typical consumer buying an ounce would likely spend $140-$180/oz in my area for good weed. Dealer might pay half that on a pound and make $$$ of course. I find consumers are discouraged by anything over $200/oz.
Just giving you an idea. The gap between is getting smaller, so it’s encouraging.
I’m one of them. I converted to the legal market and we are getting good value and fresh product, in my opinion. Might as well be a trader AND a good customer :)
Sure do. Product packaging dates are getting closer and closer to today’s date too so they are moving through product faster than before. Lots of folks sitting around smoking weed right now :)
Agreed. 600% volume increase alone on OCS website. Virus stimulated online sales... Houndstooth & Soda selling out every few hours or so ... other flowers selling out fast too.
I believe earnings will be stronger than expected
Some chart zealots here know much more than me ... but I think it’s prudent to pay attention to the “silver cross” forming on the daily. Look what happened last time. Similar pattern setting up.
We run into earnings and then Borys can place his short.
Grabbed 3K today....
$WEED $CGC “Silver Cross” setting up on the daily....
— GreenKnight (@TheGreeenKnight) April 29, 2020
Room to RUN into earnings, IMO.
History repeats itself: pic.twitter.com/WfjwfL4UHD
Yeah - few days left. Let’s see. Can only go up from here right ? ;)
Agreed. Bruce served his purpose at the beginning and got the big boys on, took better care of us than Terry Booth & Cam Battley. Now time for Klein to handle the fiscal side coupled with a truly stellar distribution network through acquisitions made since (ahem Biosteel...)...
I don’t think analysts have a clear take at all on how the virus is affecting this industry. Legal sales way up through OCS; though many focus on the lack of stores in Ontario still, and I don’t think that’s much of a valid argument because I’ve seen many folks move over from BM to legal weed since this whole thing hit...
And many are seeing that the value and quality has improved markedly since they last took a look. Legal industry is generating some momentum here, and stores will be popping up one-by-one when commercial construction resumes...
Black Market will always be a force to be reckoned with, but the consumer is changeable and our current “situation” can really act as an accelerant for legal cannabis...
IMO .... GM & GL players....
Boytris do I buy puts today
Do you think one share will be cheaper than one canopy drink? At that point, would it be better to buy shares or drinks? (Honest question)
At what price should I buy puts Borys?
Nice close. $24.59
Good morning. :)
Thanks as always amigo !! Have a stellar day
Ow! That’s got a bit of a sting to it ! Flirting with $24cdn
Mega room for growth in this essential industry during these strange times ... CANNABIS. SPY rotating out of oil.... Apple halting new phone rollout .... hmmm
Wiser to short after that gap fill above round $29 area, no? Today’s information might lead us to believe that is the next stop before we meet some real selling pressure. Moved like a knife through butter on Friday with relatively low volume and looks like momentum players will jump in today ??
Gapping above NowWhat’s upper “wedge” line today for a run, IMO. This Oreo Cookie business has everyone hyped methinks
Agreed 100%. The terpene “flavouring” has a lot of potential. If I could get some 10mg drinks that’d be perfect. Since they’re being sold as a single unit anyway I think they should be able to rollout some 5mg-10mg drinks. I’ll still drink six of them like they want me to do.
Excellent DD. Thanks. Very good dot connecting. Now I don’t want to feed the pump fire (or maybe I do?) but anywhooo........... Mega partner announcement after restructuring would just be AMAZING out-of-the-blue win coming out after all we’ve been through with the bait-and-switch coca cola BS etc etc etc....
Either way — them coming into the biz and working with any major LP will be another industry-wide value injection as we have seen with CRON and CGC ...
Ok anyway pump rant over. Everybody stay home and stay stoned.
My pleasure. Sipping another one this afternoon. It’s interesting to me because this basically tastes like a kind of refreshing “detox drink” you’d make yourself by soaking cucumbers and celery or whatever in water...... except this is a proprietary terpene blend that is actually quite palatable, to my surprise.
So that’s what longs should be stoked about, IMO. The drink game is going to be about manipulating terpenes to create unique flavours, and then of course they can easily make these 5 or 10mg with distillate.
But yeah — isn’t that cool?! I’m imagining they can do some pretty cool stuff with potent terps like pinene and limonene , creating piney or lemony flavours, sour flavours, etc.... All SUGAR-FREE. Genius.
Hard to argue with the Biosteel distribution network & portfolio of products that will be advertised and endorsed by celebs ...... and we are not even talkin’ THC yet folks
My thoughts on the drinks... Thanks for your feedback, Borys.
Did you order online or buy in a store? What did you pay for a can? Thanks. I am genuine and curious. Short or Long or whatever, play the swings, make money, I don’t care — I just wanna be real here for a second because I have been thinking about these drinks a lot lately...
I tried one just today myself, and I’m a seasoned user... I smoke my own solventless concentrates so pretty much moonshine as far as cannabis goes....
Anyway, drinks ...
Price: $3.99, taxes included, OCS website.
Packaging: pleasant aside from all the useless warning labels and childproof cap... That, I’m sure we can all agree, is an absolute joke and will need to be reworked, along with some stronger drinks in future of course.
Taste: I hear you when you say “tasted like water” and whatever else you said. First sip I thought “eh this is kinda shitty,” but then I began to enjoy it and now that I’m typing this I might grab one more just because...
Effects: so.... Like you, Borys, I figured I’d get pretty well NOTHING out of this because of tolerance. But I think there is something to the “terpene blend” (flavour of the drink) and the way it works with THC in your system. I had smoked concentrates this afternoon, stopped for several hours, then tried the drink.
I was surprised to find that the drink seemed to have a subtle effect for me. It wasn’t absolutely NOTHING, but more of a light “airy” kind of calmness, or something? I am just thinking the terpenes have worked in a GOOD way with the THC already in my body / the tiny amount in the drink. Lol.
Just thinking ... 5grams of plant material per tin, but 2mg THC. The margin on these drinks should really be a beautiful thing because they are literally using their sugar leaves and fan leaves and whatever to make the terpene mix (and distillate, but I believe it is more cost-effective to just buy distillate) and achieving that 2mg perfect dose. Then they’re making their own proprietary “flavours” by infusing the “Houndstooth” terpene blend into the drink.... and IMO, the combination of a high concentration of terpenes + THC is where these drinks will succeed (I obviously agree that we need 5 and 10mg tins; then I’d probably sit here and drink six or ten and see how that goes).
Another example on the terps... distillate pens with terpenes, in my experience, hit harder than pure distillate on its own. It’s the combination of terpenes and cannabinoids that makes the magic. This is why I smoke my own rosin, which is cost-effective now for me with OCS (legal) weed.
So.... These drinks are jacked on terpenes, which is great! Terpenes are also healthy and there has been lots of research done on their role beyond simply flavinoids...But yeah absolutely we need the cannabinoids boosted ^^^ and some more flavours to try / brands appearing, then the market will handle it.
Price is “high” because of the sensationalism around new products, but that too will be competed down, just as we have seen with flower.
Anyway, glad to hear your experience, Borys, sincerely! Short away buddy. There are so many ways to play this beautiful and often harrowing game.
Good luck to you all. Stay toasty.
Yup... My personal WORST was Emblem ... anywho... onward and upward.
Yeah man! These prices are absolutely encroaching on the black market.... This is the year I’ve made the total switch, and what better time but during a PANDEMIC when you could have something worse than cat hair in your street weed...
The 2.0 products will come around too, as they will get competed down and will be subject to less restrictions over time (5 and 10mg cans sound completely reasonable). But meanwhile I’m so happy to see some “standard” industry products coming up at FAIR prices.
Also the poster cites the most. EXPENSIVE licensed producer... Whistler Cannabis .... and yeah the dude still seems pretty happy haha