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Good luck... hope it does very well for you... with interest rates as low as they are... it's good time to buy or refi...
$GRWG
They are one!... I'll break it down for you...
$VLNCF = Broader cannabis market
Broader cannabis market = $VLNCF
It doesn't get more basic than that... LMAO!...
Unbelievable... Bless your heart...
Good information pertainig to a few companies $VLNCF does business with...
March 9, 2020 12:25 PM ET (BZ Newswire) -- Cannabis
To get into the feel of the new week, here are the top cannabis news from the last seven days.
Illinois said it sold roughly $35 million in legal cannabis over the month of February, its second month of adult use sales. This compared to $40 million in January.
The U.K. relaxed its rules for the import of medical marijuana and derivate products, promising “[p]atients prescribed cannabis-based medicines will be able to get their treatment in days rather than months.”
In Mexico, three Senate commissions passed a bill to legalize cannabis for all of its uses in a coordinated effort. The legislation will now be subject to vote in the full Senate. If approved it will move to the last instance: the lower legislative chamber.
The World Health Organization, which supposed to hold a vote on cannabis scheduling, decided to postpone the decision until December. Alfredo Pascual of MJBizDaily, who keeps a close eye on all international developments, explained “The delay underscores the difficulty in reaching agreements on cannabis policy on a level that transcends national borders.” In his view, “Given the current level of disagreement, postponing the vote was the best outcome for the recommendations to stand any chance of approval.”
Back in the U.S., South by Southwest, which was offering a cannabusiness track again this year, was cancelled due to concerns over COVID-19.
"While the corona virus has had an impact on the cannabis industry with some conferences choosing to cancel, it seems the vape industry is back online," Debra Borchard, CEO of Green Market Report, told Benzinga. "TILT Holdings said its Chinese manufacturers are sending employees back to work. Production was certainly slowed or completely halted, but the added bonus was that excess vape inventory was worked down."
In the markets front, there was a plethora of news from Canopy Growth Corp (NYSE:CGC), which announced an agreement with UNIVO Pharmaceuticals (TASE: UNVO) where the latter will import Canopy medical cannabis, and use it to manufacture its own products. During the second stage of the agreement, Canopy will obtain the right to sign an agreement with Univo as manufacturer and distributor of medical cannabis products in the European Union.
BioSteel, a company that’s majority-owned by Canopy, announced it started selling its new line of BioSteel CBD for Sport products at all Vitamin Shoppe locations across the U.S. And Houseplant, the Canadian cannabis company co-founded by Seth Rogen and Evan Goldberg, in partnership with Canopy, officially launched in the Alberta market in Canada.
On the other hand, the Canadian behemoth came out with news about the closing of its facilities in Aldergrove and Delta, British Columbia. This move resulted in the termination of around 500 employees, the company said, adding it has also dropped its plan to open a third greenhouse online in Niagara-on-the-Lake, Ontario. Interestingly enough, analysts backed the move.
Field Trip Health, a wholly owned subsidiary of Field Trip Psychedelics, a mental wellness company focused on psychedelics and psychedelic-enhanced psychotherapy, debuted its first medical center in Toronto on Wednesday. The center will be dedicated exclusively to the administration of psychedelic-enhanced psychotherapy. The clinic intends to provide an alternative to people seeking mental health treatment, in a context where many finde current pharmacologic options (like antidepressants) pretty ineffective.
Neuro-pharmaceutical company Mind Medicine Inc. (OTC:MMEDF)(NEO:MMED) made its public market debut on the Canadian NEO Exchange, under the symbol "MMED.” The exchange's approval of MindMed makes it the first psychedelic company to be publicly listed, according to NEO's press release.
Investors, executives and thought leaders recently converged at the Fontainebleau Miami Beach resort to network and exchange visions for the cannabis industry during the Benzinga Cannabis Capital Conference. NBC’s "Today Show" visited the conference as part of a feature on rising cannabis use among baby boomers — specifically women and older, more educated, higher-income Americans.
All major ETFs, the Horizons Marijuana Life Sciences Index ETF (OTC:HMLSF) (TSE:HMMJ), the ETFMG Alternative Harvest ETF (NYSE:MJ), the AdvisorShares Pure Cannabis ETF (NYSE:YOLO), the Cannabis ETF (NYSE:THCX), and the Amplify Seymour Cannabis ETF (NYSE:CNBS), were all down, along with the markets.
More News From The Week
Seeking to address the confusion around terpenes the American Trade Association of Cannabis and Hemp (ATACH), Boveda, and other industry organizations created an alliance called SaveTheTerps.org. SaveTheTerps.org was founded to help people understand the many benefits of terpenes and the importance of preserving them. To support this mission, SaveTheTerps.org is creating educational content for consumers and programs for cannabis companies to demonstrate their commitment to protecting the quality and integrity of their products.
“Even as the cannabis industry becomes increasingly destigmatized, terpenes are not well understood," Sean Knutsen, President and CEO of Boveda, told Benzinga. "Terpenes are critical to the experience and efficacy of cannabis, and we want everyone to understand the value of protecting them from damage and evaporation. Boveda founded SaveTheTerps.org to empower consumers to make informed choices about the quality of their flower.”
Curaleaf Holdings Inc (OTC:CURLF) released its Ground Flower Pod Refills in New York. The refills allow the Ground Flower Pods, or vape devices, to be filled with the amount of cannabis needed without consuming the whole pod through a single vaporization. Each of Curaleaf’s Ground Flower Refills contain 3.5g of premium cured cannabis and 700mg of major cannabinoids in the THC:CBD ratio of 20:1.
“Curaleaf is excited to continue to bring medical cannabis flower products, the most affordable form of cannabis, to our patients in New York," said Olga Krueger, President of Curaleaf New York. "Offering patients more diverse and affordable products and professional, compassionate guidance is the best way to encourage participation in the regulated, legal market for medical cannabis.”
The company also sait it will purchase BlueKudu, a manufacturer of cannabis chocolates and gummies in Colorado.
Cresco Labs Inc. (OTC:CRLBF) (CSE:CL) President Joe Caltabiano resigned from his spot. Caltabiano’s duties will be handed over to CEO and co-founder Charlie Bachtell and other members of the company’s leadership team, according to Cresco.
Green Organic Dutchman Holdings Ltd (OTC:TGODF) announced an educational program that will help Canadians and budtenders get the information they need when shopping for cannabis products.
“Launching this Organic Certification initiative that clearly and reliably communicates our differentiated offer of clean products through our certified organic cannabis creates a great opportunity for TGOD," said Drew Campbell, Vice President of Marketing at TGOD. "Further to that, working with a group like FUSE that can scale a program from coast to coast ensures that budtenders receive a consistent message everywhere. Budtenders are thirsty for information and being able to tell our remarkable, unique story of certified organic growing while giving them more tools to engage/educate their growing volume of Canadian consumers is a win:win:win.”
Front Range Biosciences, an agricultural technology company that specializes in tissue culture propagation and breeding of high-value crops, launched hemp and coffee plant cell cultures to space from the Kennedy Space Center. FRB partnered with SpaceCells USA Inc. and BioServe Space Technologies at the University of Colorado Boulder to examine the effects of zero gravity on plant gene expressions.
The 480 tissue cultures — stored in space-made Plate Habitats (PHabs) — will take off via the SpaceX CRS-20 cargo flight and will be delivered to the International Space Station (ISS). After a 31 day incubation and observation period, the PHabs will be transferred to the SpaceX Dragon capsule to return to Earth for further evaluation.
Tilray, Inc. (NASDAQ:TLRY) reported fourth-quarter losses at $2.14 per share, which does not compare to the 35-cent loss estimate. The company saw sales $46.936 million, missing analyst estimates of $55.92 million. Tilray also reported fourth-quarter total cannabis kilogram equivalents sold 15.039K kg and adjusted EBITDA loss of $35.3 million. Shares traded down following the results.
PharmaCielo Ltd (OTC:PCLOF) plunged after short seller Hindenburg Research released a report alleging PharmaCielo is far from a legitimate business, calling it a “self-enrichment” scheme.
"We believe PharmaCielo is nothing more than the latest self-enrichment scheme drummed up by its co-founder Anthony Wile, who had been charged by the SEC over allegations of securities fraud, stock promotion and market manipulation in the past,” Hindenburg said.
The company described the report as containing "numerous false and misleading statements" and said it's libelous.
“I would encourage all of our shareholders to exercise caution in relying on the blatant misrepresentations contained within the short seller report in question. This report was written with the express intention of manipulating market opinion, to reward a select group of short sellers at the expense of all honest market participants,” CEO David Attard said in the statement.
Cronos Group Inc. (NASDAQ:CRON) (TSX:CRON) submitted a Form 12b-25 with the U.S. Securities and Exchange Commission to postpone the date of filing its annual report.
MPX International Corporation (OTC:MPXOF) (CSE:MPXI) released first-quarter financial results, with net revenue of CA$616,309 ($460,869) versus revenue of CA$256,572 in the same period in the prior year.
Organigram Holdings Inc. (NASDAQ:OGI) (TSX:OGI) hired current CFO Paolo De Luca as its chief strategy officer, and Derrick West, a member of the company's board of directors, as CFO.
YVY Life Sciences, a cannabis wellness company based in Uruguay, announced a oversubscribed $1.5 million seed round led by Facundo Garreton, who joins the team as a strategic partner. The round includes smaller investments from a number of strategic advisors, and leaders from other industries such as technology, pharma, wellness and food and beverages.
C...R...U...S...H...E..D!
I though during this plunge there would be more stabilization in the 420 space due to being in a bear market for the past year... I was wrong!... we legged down...
IMO we are close to max pain for weed stocks...... the macro market environment still has a way to go... but we are almost there... damn... this weed collapse is long and deep...
The 420 bios should be full steam ahead with a prevention or cure for corona... strike while the iron is hot!... something like this can ignite interest and change the perception the entire space...
$MJ
Institutions stepping in in size here... a number of nice buys hitting the tape... this is a retail driven selloff IMO...
$VLNCF
Added more this AM @ $2.08... buy into weakness... sell into strength... irrational panic selling makes money... period!... next area of buy interest in $1.70 - $1.80 area... cha...ching!... $$$$$!!!
$VLNCF
Added more here @ $4.28... great buying opportunity down here... strategizing in case we venture into the $3s... at the very least we should fill that opening gap for a trade...
Trade on!...
$GRWG
3 Reasons Canadian Pot Stocks Still Aren't Good Buys...
https://www.fool.com/investing/2020/02/18/3-reasons-most-canadian-pot-stocks-still-arent-goo.aspx
4 Ways "Cannabis 2.0" Will Be an Early Disappointment in Canada
https://www.fool.com/investing/2020/02/13/4-ways-cannabis-20-will-be-an-early-disappointment.aspx
Holding it's own in a bad market .03450 - .0386... not bad... looks like it wants to trade higher... a lot of support in this area... GTSM on the bid for days...
We'll see...
$GBLX
When the price drops...
Institutional liquidation... Big $ is selling across the board... batten down the hatches time...
I'm 65% cash... macro market is hanging on by a thread... virus fears causing major damage to the broader market...
Bottom line... The indexes are heading significantly lower IMO... ships will rise and sink with this tide... all hands on deck...
$GRWG
Orderly sales... still not too concerned... we are holding $5's firmly... as previously stated... there is constant re-balancing occurring... they are in the business of making money... I get it... future #'s and announcements will bring in real cash... though Gotham is a huge player... they aren't the only... I'm looking for additional institutions to jump on board...
Still holding off on buying more until I see more buy-side volume... nibbled on a few of the bigger names and ETF's for a trade... that's about it... judging by the volume across the board... feels like institutions are setting up retail buyers to sell into strength... macro environment is extremely concerning... that is the only obstacle I see here...
Long $GRWG
Gap is filled... enjoying this price movement... a close above $2.46 takes us back up to the major MA's...
On the macro environment.... low volume across the board...trading has been anemic... retail at work... big $ waiting on the sidelines... not too encouraging... we'll see what happens...
On the 420 space... the positive is that we just went though a 1 yr bear market and have been floundering around the lows... not too much more to give up on the downside... lot's of value out there in the entire space... though there are concerns, prime to buck the trend...
$VLNCF
Bought back in yesterday sub .01... it may take a while but why the hell not?... right now this looks like a P&D from the outside... the internals tell a different story... positive recent developments... no toxic debt... no dilution... only a matter of time until there is more interest...
Need some price stabilization in the Lithium area... It's been a bad year...
On another note... market cap here is ridiculously low at this level... lot's of upside without overvaluation... ;)
$ENRT
4 more bullets in the feds easing chamber... 1/2 was too aggressive... flight to quality confirms that... that's why we sold off...
Couldn't bust through $2.45 today... IMO we may head back down to $2.20's if we can't get past that level...
Market is hanging on by a thread... setting up for a bearish engulfing... batten down the hatches across the board folks... shi% is about to get real if we close at lows...
$VLNCF
1/4 pt - 1/2 pt rate cut throws a bandage on the bleeding... IMO the market bounce is short lived... trading with the weakness and volatility... not buying into it... bottom line... I'm selling into strength across the board... lMO this is as good as it gets for a while... over the past few months I scaled out of approx 60% of eqities... looking to dump a few more before the end of the week... equities = risk... the party of making easy money will soon be over...
Trading selectively... in and out like a ghost in market conditions like this...
$VLNCF
Teed up for a big day tomorrow... IMO the chart is prime for a big move up to the majot MA's...
$MJ breaking out... congrats to fellow buyers below this level... $$$$$
Going to fill the gap tomorrow...
Long $VLNCF ...
Short-term indicators turning bullish... heading up to fill the $ 2.51 gap... solid move off the low... $$$$$
Lots of resistance in the $2.60 area...
Let's hope for macro stabilization...
$VLNCF
1/2 the news is fake... media cannot be trusted... don't believe anything you see or read... 100% agenda driven... that's the times we live in... the morons are causing panic... the virus is real... the fear... doom and gloom is not... smoke and mirrors... the wizard is behind the curtain... election right around the corner... the timing couldn't be more perfect to disrupt the economy... stay woke...
https://www.bbc.com/news/world-middle-east-51677530
Intraday reversal... really nice comeback here... the dow is significantly oversold... IMO we see a relief rally if we hold... 4k point haircut in less than a week... law of averages...
$GRWG
Nice reversal here... signs of bottoming out...
DJI rsi @ 16... VIX @ $47... WOW!!!!!... The market selloff is overdone... time for a bounce across the board...
Long $VLNCF and others... fire sale is almost over IMO...
Coronavirus... it looks like the deaths that the virus caused was in primarily elderly people with underlying medical conditions.
News outlets dramatize and exaggerate health topics for easy clicks, because nothing yields better ad revenue than fear and panic-stricken public with a finger all-to-eager to click on their biased, exaggerated headlines.
More people die each second in car crashes than this virus has caused over the last month. Just sayin'...
No... simply trading a 3k point Dow decline... dead cat or sustainable recovery.. I'm prepared either way...
Hope you're taking advantage...
Good luck...
$VLNCF
The share price was going there regardless IMO... it happened sooner rather than later...
Flush rather than bleed out = $$$
Ya... I sold off a few myself... book profits... that's why we are here right?... not not too concerned with the re balancing, profit taking and shuffling... this is a smart time to sell... post up list... the stock is more liquid... more hands to deal cards to...
That's the reason why they waited to sell... that's the way it works... nothing abnormal as long as someone is absorbing shares and supporting the share price... clearly what is happening right now...
Breath in and out... relax... it's all good...
$GRWG
Incredible how we got there in 3-4 days... months of gains erased...
Don't ever... say never... this is pinky land... ;}
$VLNCF
Coronavirus....
Here's my take... this is completely overblown... politically motivated... the media is playing the American public like a fiddle... to be clear... not saying the virus is not real... however... ironically... the timing couldn't have been more perfect to disrupt the world economy... pre election... stepping on China's neck... sun and moon aligning...
Tin foil hat on here... lol...
Buy time!...
$VLNCF
We're entering the sweet spot... buy time #2... @$2.24...
$VLNCF
5.34 USD +0.15 (2.89%)
Closed: Feb 26, 4:51 PM EST · Disclaimer
After hours 5.87 +0.53 (9.93%)
What you posted is the exact reason why I scaled out of 40% of my position & booked profits...
$GRWG
Thank you for your message my friend...
First buy in... @ $2.57... 2/14 gap filled...
$VLNCF
The drop is global... affecting every sector... gold aside... yes... under these circumstance, drops like this are normal... expect more downward pressure short term...
Bank on this... SP spring back just as fast as it fell when there is more macro clarity... institutions are eating this up right now... we head into the 4's... I wouldn't be surprised to see management buy...
I'm here to make money... not troll...
Good luck...
$VLNCF
My glove starts opening here in the $2.50's...
Judging by today's post earnings price action... It's off to a good start getting there...
I wouldn't be too concerned with that... funds are always re balancing...
If they scaled out of a few shares... IMO that's what's occurring... I'm more concerned with the macro environment pressuring equities... my LT portfolios got hammered yesterday... a little uneasy...
Holding off on buying until there is more market and virus clarity... any bounce here can simply be a dead cat trap...
We'll see...
$GRWG
Buy on anticipation... sell on news... though the #'s were good... they were not blowout...
$2.10 - $2.20... that looks to be the sweet spot... there is no rush to long companies in a sector in a bear market...
JMO... Good luck!...
$VLNCF
We'll see...
$VLNCF
Earnings anticipation is what seemingly ran this up... buy on anticipation... sell on news... Unless they blow numbers away and surprise... I feel this will sell down post earnings... today's numbers are possibly already baked in...
In addition... negative market & political concerns looming... IMO there will be plenty of time to buy over the near term...
Eyeing low $2's... if not... there's no rush... trading toward the top end of the range... too risky to go long here at this price point...
All IMO...
$VLNCF