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Hahaha great!
Yes, I agree. Tomorrow... Maybe.
There is someone who wants to see this even further down ... Cronos goes down without bad news ... And when it is about to recover this news appears to finish crushing ...
https://seekingalpha.com/news/3514420-cronos-generous-acquisition-cbd-startup-windfall-key-executives?dr=1#email_link
Yes, I agree.
side trade until next week ... then we'll see ...
The summer scandals did significant damage to the industry. It is interesting to see how the valuation has changed since June although things have not really changed so much.
Even so ... the average is still close to 13 USD
https://www.stocktargetadvisor.com/stock/USA/NSD/CRON#analyst-rating-tab
I agree
Great!
Speculations ... all this news just try to sink the price of the stock to take advantage of the new Rally. Nothing has changed in the fundamentals of Cronos when we had a value in the 20's. The reality is that many people have put their money in safer places for fear of a recession. Many millennials experienced their money to Bitcoin fever. The vaping crisis, I have also done a lot of damage, but we know that it is media and baseless, just look at the United Kingdom, where even hospitals promote it as a healthy alternative to cigarettes. Cronos has cash, has good partners ... the rest is noise ...
https://www.marketwatch.com/story/canopy-growth-downgraded-by-jefferies-as-analysts-slash-price-targets-on-sector-by-average-50-2019-10-11
we continue with the bearish speech, a long long summer...
"Part of the reason why as an immigrant I decided to become a U.S. citizen is personal freedom: I enjoy being able to do what I want without the government dictating every step to me.
We could use a dose of that reality right now. Personally, I don’t care about the vaping crisis: I don’t participate in the habit, nor do I intend to. What I care about is contesting the broader concept of the government limiting what free citizens can do with their bodies.
Is vaping an unhealthy and potentially dangerous practice? In all honesty, it very well might be. Clearly, Mother Nature intended us to breathe only oxygen. Anything else, and you run the risk of complications.
But I don’t have the right to tell my fellow Americans what they can or cannot breathe. Similarly, I don’t see the same uproar against McDonald’s (NYSE:MCD) for marketing enticing junk food to our children, who later grow up to have severe obesity and health issues.
In part, freedom involves the ability to make bad choices and to bear the responsibility of them. Admittedly, it may take some time for regular, non-vaping folks to realize this. But once they do, I believe this panic will fade. And that should ultimately benefit CRON stock."
https://investorplace.com/2019/10/heres-how-the-mandela-effect-has-hurt-cronos-group-stock/
"But there's more than meets the eye about this deal. It's an extremely unique acquisition in the cannabis industry for one reason: It's highly cash-centric.
Under the terms of the deal, Cronos is paying $300 million (U.S. dollars) for Redwood, net of the company's cash and debt. However $225 million of this (again, subject to the aforementioned adjustments) will be doled out in cash, with "just" $75 million being financed by issuing new shares of Cronos Group stock. This is the first time a major purchase in the pot industry has been financed predominantly with cash.
Mind you, Cronos Group was sitting on $1.8 billion in cash and cash equivalents at the end of the first quarter, nearly all of which was derived from a $1.8 billion equity investment from tobacco giant Altria that closed in March. Cronos certainly had the cash to make this deal happen. Nevertheless, it's been common practice for cannabis stocks to hang onto their cash with a death grip, given the uncertainties of traditional financing options and early stage hiccups throughout the industry in Canada and select U.S. states. Rather, pretty much every deal being undertaken right now involves share issuances galore and ongoing share-based dilution."
https://www.fool.com/pwa/investing/2019/08/06/heres-why-cronos-groups-cbd-acquisition-is-so-uniq.aspx#click=https://t.co/NoIJPMfCDG
Awesome!
A big error, good bye! Altria is The Boss
Yes,I agree.
Bad news, No PM+Altria.
Good article! Thank you.
Very interesting, thank you.
Exactly
JUUL+ALTRIA+CRON in China with a population of 1.3 billion
https://seekingalpha.com/news/3498770-juul-enters-china-online-store-openings?dr=1#email_link
Awesome, Go Cron!
yeahhhh!
Excellent! Go Cron!
When this stock has come to 10, the haters says that it go to 9. It's the same history over and over.
It's sick.
GO CRON.
I added too!
Thank you
I agree. I buyed more today.
I think the money has moved to BitCoin fever. And that has also hurt these stocks.
“The business of cannabis is doing fine, the stocks not at all; it’s two separate realities existing at the same time,” he said on the company’s earnings call. “Like quantum physics, I can read the words, I can see the facts, but I just don’t understand it.”
https://www.bloomberg.com/news/articles/2019-08-27/wary-of-trump-s-flip-flops-china-prepares-for-worst-on-trade
Ginkgo bioworks co-founder honored
https://www.genengnews.com/insights/ginkgo-bioworks-co-founder-honored-with-rosalind-franklin-award/