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Tons and tons and tons of PR. It's understood that wee need to see the upcoming performance in the next few quarters to better evaluate this GGB stock, but still with this amount of PR and aggressive news, and the stock doesn't react one iota ?? no volume ?? it is surprising, isn't it?
check the latest PR: Green Growth Brands Inc. Featured in CannabisNewsAudio Broadcast Discussing the Popularity of ‘Cannabis Beauty’
Brother, give it a rest, will you. It's too premature in the game to make any assumption either way.
ok thanks
Yes, and I see your point about being aggressive in this brand new industry, but what if [and I hope that won't be the case for the sake of my position in this company] what if the malls and stores presence doesn't pan out as well as expected, what if the revenues are not as high as expected, now we have all these shares being diluted and a strategy that didn't really pay off.
There are many variables in play here for this company to succeed,namely the consumer interest in the CBD industry has to persevere and the malls and brand names store strategy has to be a profitable one. I invested in GGB believing that those variables can be met.
MOTLEY FOOL seems to disagree with your take on this and states that the dilution issue is the main reason why this stock is plunging for the time being and may even continue to do so even when the sales pick up. I'm not knowledgeable enough at this point to offer a firm opinion on this but it seems to me that GGB has to slow down in their issuance of common shares at least for now , and wait to see how well the mall strategy is performing first .So wait a few quarters before resuming their expansion.
This is coming from THE MOTLEY FOOL and it offers an explanation for the GGB stock pull back:
While expansion is clearly on the mind of Peter Horvath and Green Growth, the one and only concern continues to be that the company's deals and aggressive expansion tactics typically involve issuing common stock and diluting the value of existing shareholders. Though common practice throughout an industry that still has relatively limited access to traditional streams of capital, these share issuances could constrain Green Growth's share price despite rising sales and a larger retail presence.
Here is the full link, this article suggests that it would be a very good idea to invest in GGB : https://www.fool.com/investing/2019/07/13/this-cbd-stock-is-quietly-becoming-a-retail-giant.aspx
This is extraordinary. To think that in January 11 of this year this stock was $6.40 Canadian and 6 months later it's at $2.46 despite (and that is the extraordinary part) countless positive news, countless recommendations by analysts and investment firms, aggressive agenda execution by the company;it's such a trip, it defies all logic. If the market manipulation is the culprit as suggested by many posters, what aren't they stricter rules to protect a company stock????!!
OK, apology
Take a look at this,particularly the last paragraph that talks about the next quarter revenue for GGB,unless I read wrong it's not very encouraging:
Despite impressive comps trend, management issued a soft earnings view for second-quarter fiscal 2019. Adjusted earnings for the fiscal second quarter are envisioned to be 30-32 cents. This guidance is also lower than the adjusted earnings of 34 cents reported in the year-ago quarter. This may be the reason behind the stock’s dismal run on the bourses. Notably, shares of the company have lost 23.6% in the past three months, underperforming the industry’s decline of 19.6%.
This is the link for the whole article:https://finance.yahoo.com/news/american-eagle-ggb-sign-agreement-134001738.html
You guys should take this show on the road, although I don't know if I ll have enough money to buy a ticket, at the rate my investment is disappearing.
Leave the sarcasm in your keyboard where it belongs, this bickering is getting old. All these insinuations of this stock being manipulated make a lot of people on this board uneasy.We re dealing with real investments here, real people money.If you want to state that there is manipulation at play here, please explain clearly how.I for one really want to know what the hell is really going on .
That's pretty bold, I hope it works for you. For all of us.Personally,I'm just going to hold on to my position until next quarter results.
fair enough, do you see an end to that practice any time soon? perhaps when the new quarters revenues start rolling in?
understood, but how do you explain the continuous sell off, do you think it's mainly due to too much share dilution?
OK,you got the # down packed and you know what you re talking about, but the article in question does reference to the many existing variables that will determine whether or not GGB can be profitable, notably the efficacy of the CBD products still remain to be confirmed, and these" in mall kiosks" are still in the roll up phase and there is no way to know with absolute certainty how well they will perform. Don't get me wrong , I'm of the opinion[ we are ,all of us in the office] that GGB will be a major CBD player[and eventually THC as well]soon enough , but surely you can understand why there is skepticism out there , and members such sav79 raise the points that he does.
very well said
Another parnership :
Green Growth Brands Announces Agreement with American Eagle to Sell CBD-Infused Personal Care Products.
see, all of these acquisitions and partnerships are going to pay off big time for this company GGB IF,and it's a big IF, the public curiosity for this new industry called CBD sustained through in the months and years to come. You guys can debate afterwards if the mall kiosks venue is the best way or not to tap into into this new industry, but first and foremost, the public has to stay interested.I think it will, honestly, and GGB is very well positioned to make investors a lot of money.
To sav79 and ignatiusrielly35 , here is a good article that the both of you should read, it illustrates why the both of you have valid points in your view of GGB. At the end of the day, GGB remains a speculative investment, but a very profitable one if the CBD industry does bloom out.
https://seekingalpha.com/article/4274338-green-growth-brands-bet-future-retail-cannabis-cbd
Green Growth Brands: A Bet On The Future Of Retail Cannabis And CBD
As I said in post #466, I saw this sell off coming but I have to agree somewhat with sav79 about the excessive shares dilution. GGB ambition is becoming dangerously detrimental to its own stock. Although I believe that this super fast expansion on such a short term is a gamble that will pay off in the long term, there are many people who thinks that it's still a gamble, and some others [like sav79] who think it's a losing gamble, that this Kiosks thing is leading no where.That's where I disagree with sav79, I believe all of it will come together in a few months from now, and to tie up with the THC side of it was a smart move.
Post #484 sums up what is to take away from today
And that ,anyway you slice it, is just simply a strong asset to have.It also plays into the long term revenues.You can't argue with that.
What is it that causes not to have long term faith in this company? is it that you don't believe in the future of the CBD industry per se? is it that you don't believe that the mall strategy is a viable one? what is it? what would you change?
I understand your doubts about the diluted shares and the kiosks point of sale strategy ,but GGB is much more than just Kiosks [and I'm of the opinion that a footprint in a well positioned mall is still a very lucrative dispensary tool, especially for such a brand new industry like CBD, there 's the curiosity factor that can't be underplayed here]. And as far the shares diluted, it will all come together when the revenues start coming in, I mean really coming in [2020 or so].
Don't judge the stock or the company too early , I made that mistake, You can clearly see here there is a nice well thought out plan ahead.
Expect the stock to fall now.The company is using its stock as a financial tool for its expansion, so the shares are going to be more diluted even more than they already are now,and investors just scare away from that. But as Techguy pointed out so rightfully in his previous post, it's hopefully temporally and so it's actually a really, really good time to buy more units.
How the f--k you go from 15 or 17 % up to just 5 % in less than 1 hour. I'm supposed as a board member to watch my comments, but come on, enough is enough. There are not enough possible explanations like profit taking, or short selling, or stock manipulating or whatever the hell ever else that can justify what happened today. And dont tell me that I'm not saying what many of you feel. I apologize for the language.
alright , not saying I don't understand where you're coming from, lord knows of much this stock has pissed me off in the last few months, but let's see.
For one the company balance sheet will become profitable, for two it will confirm that the company was able to execute its mandate and revenues will start pouring in , which investors need to see before rallying behind a company.For now , even though the foundation is solid, and the trajectory is lined up, it's still speculation . People want to see cold hard money coming in .I guess what I'm saying is the execution that is planned for the next few months need to succeed.
I used to think exactly like you and I was posting comments like : what is on the table now that won't be on later on, and so if it's not moving now, why will it move later on given the same data, until I realized all the analysts in the world can praise a company future and pump it until Kingdom comes,,until real revenues start coming in, it means nothing, it's just speculation.So we need to see revenues,cold hard revenues, I believe that will happen in 2020 first quarters.
There is truth in what you're saying, but kiosks in malls are just one of their revenues source, however your statement is food for thoughts, which is a bit worrying.
No landing in site. the stock will continue to slide below $2.00 [again in my personal opinion] , which is what I repeatedly said when the $2.80 support level got breached, and for which some of you who didn't want accept reality wrote ignorant comments; and then it might become a buy for a quick few days afterwards.But the true value of the stock will reveal itself in the first or second quarter of 2020 , assuming that the company meets its mandate, which should be doable when you have the rich Schottenstein family for financial backing. It's not fun to watch your money dwindle day after day,especially when the current stock direction defies logic , actually it sucks big time, but there are too many positive components in Green Growth Brands that , when coming together, should be a recipe for success down the road.
See,when I was posting comments that were not so positive for this company, some members were saying that I was just out to spread fear about this stock on purpose ; but lately it seems more and more members in many other different forums as well are seeing this company as not worth to invest in. I still believe that they have what it takes to become a solid investment, but as many analysts said and board members as well, it will be overtime and with a slow gradual move and not as a lightening crazy rise like it was suggested a few months ago by some analysts.The stock is not reacting to the potential of this company for now, that's true, but through no fault of the management, we have to admit, this company is doing a lot right things, and very aggressively too.When revenues start pouring in, and they will, everything is in place for that, the stock will follow suit.They do have to narrow down the margins though. That's my humble opinion.
Thanks DoubleJackie, same here, I'm holding on to other underperforming weed stock like GGB for example,company shows lots of promises but I did away with CHMJF. Have a good summer too.
Damn you make it sound like it's about to be delisted any moment now.But I can't argue with anything you said.Nobody can.And there goes down my first investment as a rookie in this game.It does stink.
re CHM: SHORT SELLER definitely a culprit here, it only takes one day or less to cover what they borrowed. Funny, once again nobody knows sh.t about how a stock will behave.We had so many analysts boosting this company a few weeks ago, claiming this stock is the second coming, watch out it's the one to watch. And what happened, it rose to 75 cents and then got completely destroyed shortly after that.I'm in no mean an expert in this game of stock market , truth is I m new at this and still have much to learn , but one thing I have realized is to never believe the hype of analysts or comments posted on boards of any forums about any stock, this game [and especially for penny stocks] is just pure speculation.
I will. Tx
I don’t know about that my friend, it’s kinda hard not to notice GGB if you’re an investor. It’s the one story that’s consistently in your face when it comes to the CBD industry. Maybe the margins are too wide apart, or people want to wait that the balance sheet becomes profitable before investing, which is dumb because then the stock is likely to rise considerably, now is the time to buy, not when the pps is 7 or 8 or $9. Not to do my laundry in public, my partner and I have thousands riding on this company, we will hold our position, we have to. Thanks for the chat
and so alabama96, why is this stock so undervalued? I happen to agree 100% with every word you said.You made complete sense. Which makes this whole situation so not normal.With all the good news flooding this company almost weekly now,with the immense revenue potential to come, why aren't retail investors rushing to buy this stock? look at it today again, it is as if fantastic positive news that would send any other stock skyrocketing have no impact on this stock. Sure shorts sellers have a part in this, and these companies you mentioned that buying and selling huge quantities are also guilty, but it doesn't really explain this abnormal downtrend, especially on a day like today.
I meant to say that it refrains me to be too emotional about the daily trend of this stock, and understand that its true value will emerge down the road.
re GGB: We should all read this article.It allows a more balanced view of the company , and refrains us [or me at least] to be a bit less emotional of the daily trend of the stock.
https://finance.yahoo.com/news/green-growth-ggbxf-cannabis-stock-163211218.html
I know I said I'll stop posting but here is one last one. It's good news for GGB. Let's see the reaction.
https://thedeepdive.ca/green-growth-brands-to-buy-florida-licensed-operator/
@Alabama96 Thank you for that. I'll stop posting now, no use, it's just words on a page. Let the # speak for themselves, that's the cold reality at the end of the day.