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Dont know, and no way to find out. I read a few articles around the web, but nothing with any real substance concerning the Rare Cannabinoids. Im somewhat disappointed but have no choice but to hold on. The current share price is a disgrace.
I agree, where is the hoopla and fire works with commercialization of Rare Cannabinoids? After all its Sept 21, and CRON has been spouting this for YEARS and all we got was a PR saying Gingko was paid for the first milestone. I did contact CRON IR and the only way you get an answer is if its a "softball" question that you already know the answer to, anything else, no response.
I think the company owes the shareholders a real update.
So, the real smack in the face is that the CRON share price is below ACB.
Recent Interview with Mike Gorenstein, scroll to about 9:52
https://finance.yahoo.com/news/video-cronos-group-exec-chairman-142411424.html
So here is the response from CRON IR:
I sent a request to CRON IR last week, still awaiting a response.
Obviously shareholders didn't think so.
Cantor Fitzgerald says.."could". Typical journalism these days, they can claim anything by using could/should/might. It lets them off the hook when it doesn't happen. Im betting Medmen wont help TLRY. TLRY basically bought a trouble asset in the hopes of legalization. I think Medmen is a financial sink hole. Simon is desperate to produce results, I guess.
Medmen is a shitty company, that's why so many others have walked away from a deal with them. As you can see TLRY barely got a boost in share price from the news. I dont care what Simon says. He could've gotten a much better MSO.
Dang...whats happening? I once thought I had missed the boat, now the boat is sinking????
Not sure what the real implications for CRON are:
https://newsfilter.io/a/5492863cbd8b019475d17cc42df275be
Interesting read about the brief history of the Canadian LP's:
https://mjbizdaily.com/canadian-cannabis-producers-have-sold-less-than-20-percent-of-output-since-2018/
These LP's are paying their directors like they were Fortune 500 companies, meanwhile they are all bleeding millions every quarter. They think US legalization will be their key to profitability, I think most will go under. Guess what, the MSO's in the states are all ready kicking ass and many are already profitable. The best company among the LP's was probably APHA, they blew it with this TLRY merger.
I'm voting NO..NO...NO Ive had it with these LP's (Losing Propositions).
Lots of insider buying today by Directors.
Another underwhelming report, with the typical few possible future bright spots. Not sure why they keep adding staff while bleeding money, Its seems to be a common trait among the Canadian LP's. That and fat pay raises for the BOD's.
There are also hints in this report that management is starting to see what we have known all along about the Redwood acquisition. It was a glaring mistake, especially for the price paid.
Did we really spend all that time and money with Gingko, to make candy?
You have completely turned my discussion about legalization into your discussion about politics. This is NOT the political board.
It will probably be you that makes the most if TLLTF succeeds, and here is why:
The cannabis lift that everyone thought was coming, is not, Biden doesn't care, so more stagnation. If it doesn't happen before the 2022 midterms, its really in trouble.
At some point almost everyone agrees that the market is over valued, and long overdue for a correction. I prefer to save the remaining dry powder for if/when that happens.
I do apologize if I came off as harsh. I hope we all win.
You should change your name to GoStudy, as in stock market principles.
I guess that means you are back in?
CRON New product launch:
https://finance.yahoo.com/news/cronos-group-launches-delicious-dual-110000124.html
In the tradition of most Canadian LP's, lets add more dead weight while losing millions.
Judging from the share price reaction, it doesn't appear the news was very well received, however it was packaged. I'm glad that I did not establish a huge position, not sure where the bottom is?
I think if this doesn't get done before the 2022 mid terms, it might not get done. House and perhaps Senate will probably flip Red, IMO.
https://www.yahoo.com/news/pot-legalization-in-the-us-seems-both-inevitable-and-impossible-194004881.html
Same here, Im out at 5,000 a share. At that point I will be fed up with the millionaire mentality.
nice find!
Why no mention of this in the shareholders meeting? And no word there after? We have been waiting CRON, when is the early release?
https://www.globenewswire.com/news-release/2021/06/04/2241983/0/en/Cronos-Group-and-Ginkgo-Bioworks-Amend-Agreement-to-Accelerate-Commercialization-of-Cultured-Cannabinoids-and-Cronos-Group-Begins-Commercial-Production-of-CBG.html
A No Brainer, even MF can figure out:
https://www.fool.ca/2021/07/01/aurora-cannabis-vs-cronos-group-which-pot-stock-is-a-better-buy-in-july/
Dang, you're not losing the faith already, are you? I just got locked in.
So I searched and found the results of the shareholder meeting last Friday, other then the vote there really wasn't much to it. No questions asked and no statements made with regard to the future of the company. The transcript did say there were no questions from share holders.
Alright, I'm loaded and ready for lift off.