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I have this opinion because, after the AGM, if the weed/stz deal is approved, canopy will have a huge influx of hard cash, and therefore represents significant material change in the value of the company. I’m keeping an eye on the Total Assets the company holds ( tangible and intangible) minus liabilities, compared to market cap. Not yet considering rec and medical margins. Funny Numbers, I know, but that’s my current level of education and understanding. Any further insight is much appreciated.
I had used all 13 or so free posts yesterday, so I wasn’t able respond until this morning. Thank You for questioning the integrity of my post. I had questioned the integrity of your charting, so it’s par for the course, fair game. Yesterday I put in a bid at 7.8 and it filled, sometime around 10:44 est or Central time, not sure exactly because I was inflight crossing time zones. I can see the High Low Close candle on my trading platform and also on any public charting source, for example, the tmx intraday is showing the low at 7.6.
It’s curious that your not able to see those trades on your charts?
https://web.tmxmoney.com/charting.php?qm_page=79011&qm_symbol=RIV
Bear Market on DVA. Support seems to be around 15 million market Cap. At .33 and lower, starts to show more value
Nice Moniker!
I’m anticipating a lift in sp after the AGM. And we are T minus 27 Days. This is it. Go time. All the players are ears back, full steam ahead. Even the onlookers are watching with a keen interest.
current bid 8.82 @ 10:51 MT
Hey . I have bids at 4 and filled a few this morning between 7.8 and 9.4. Im hoping that DCA over then next while can make for an acceptable long position.
I put in a low ball bid @ 7.8 CAD and it filled on a blip.
Allo, Bonjour Rivers!
Rivers is flowing @ $10.15 cad
Im 35k feet in the air over Manitoba. I splurged the $15 cad to get the in air wifi so I could monitor and participate in this mornings market activity. Its definitely making for an interesting flight. No charts available for rivers yet@ 10:10 am est. 2.8 million bid, 2.1 million ask @ $10 CAD. Wild ride
current bid volume is over 2.3 million @$10. This is another Torrent. Ive got my floaties on.
@ 09:35 hrs, the volume is 0, the bid is at 17345 lots and ask is at 15455 lots, $10 respectively
Rivers is currently halted...
5 minutes to go, the bids are 7883 lots vs 11118 lots. lots of sell pressure.
answer from the brokerage; They are in the process of loading it up on the advanced dashboard, so keep trying to up load the ticker
Im having trouble getting Level 2 Market Depth. The ticker is showing on the Main Page as RIV.V, but on the Trading platform, the ticker isn't showing at all. Ive sent out an email, and Im working on getting it resolved. looks like the brokerage might have fell asleep on this one. Im not too interested in chasing the price without market depth information
I don’t know if there even is a US ticker. The bid ask pre market looks like people are playing with numbers
Current bid on Riv: 55 cad. Current ask: 1000 cad.
Looking to be something stupid out the get go
Investors, Give this video an EYE, OH MY!? Just 100Mil in tangible. Scary
https://www.bnnbloomberg.ca/tilray-tops-us-200-a-share-as-ceo-touts-pot-growth-prospects-1.1139821
exactly! right now, Canopy is priced nearly 1.8X assets, while Tilray is priced 180x! Either Tilray is way over priced or Canopy is way undervalued? Please correct me. by the end of this month, with that 5b infusion, Canopy shares can be purchased very near par value, and leading in business activity/ market share... will canopy get a higher trading multiple? even 3x?
I wasn't gonna ask the question before, but Tilrays total ...TOTAL assets are just over 100 MILL! Jaw DROPP! Canopy will have 5B in cash very soon, 1.5B in Tangible assets, and around the same in intangible...
Please, someone help me with this cause its making me shake my head!
WEED bid @ 08:30 est, 625 lots @ 64.88
notable, talks fell through between aphria and Coca Cola, and now this speculation on aurora. thats kind of why I like Canopy management, announce AFTER the deal. otherwise, Berkshire Hathaway is ready to deploy some serious cash through Coca Cola , and Im assuming it will be a long term value investment.
ok, am I being irrational to say that whole interview had very little 'fact'? the rumour is enormous though, and indicate the industry is maturing partnerships
T: minus 30 days to October 17,2018.
11L1.F
45.60 this Morning.
Just curious why all the dried flower is priced @ $8.50/g? I think I recall some ‘commitment’ to $6 grams some time ago? I can only imagine what the Rec. prices could be if the medical prices are still up there. At least there’s a health spending tax deduction.
Ummm, so I’ll just leave this here, in case anyone is interested in networking software. Martello will ipo on the tsxv sept 12. MTLO, previously CEO , the notorious Bruce Linton, and now Board Member.
The Canadian military will severely restrict and in some cases totally prohibit the use of recreational marijuana once it becomes legal this fall.
https://www.cbc.ca/news/politics/military-pot-policy-1.4814217
FYI: Darius, The Monster is one of the earliest around these parts. The proof is in the pudding. Read the board. Many have been here since April 2014, reading more than posting, if at all. Ipo ran up to the imaginary $4.20 resistance, then spent around 2 years hibernating like a bear.
On the Spectrum Cannabis web Page:
“Notification
Please note: Due to a higher than average order volume, we are experiencing a 1-2 day shipping delay, but our team is working hard to get caught up. Thank you for your patience.”
Has there been an increase in the daily average order volume?
14Million! Wow. 45 minutes
Up 60%
Gonads and Grey Matter. Salute
You. Yes You, the Soothsayer. How ridiculous did you sound clanging that bell many moons ago? “17! 17!”
“Madness”, they cried! “Fool”, they shouted. And then they shorted.
Still none could quench your fiery resolve. “67! 67”, proclaimed the Greengold cannabis surveyor. “ Over there. Beyond the rolling hills, in a place called *Canopy!”
Well, well. Look what we have here.
I’m trying to time my next order to get that Millionth order Golden ticket. Slimmer than lottery chances, but I’m game.
The analysts that are crying wolf are missing a major point. Not only the enthusiasm, the demand will open their eyes. Cannabis is only a convenient click away and delivered to your door step. Torrent.
Compliments on the chart Mr What
the milestone announcements, one millionth Spectrum order, $million days on Tweed Main Street, $ 10 million days, OCS online order # tracking and avg amounts, kg’s sold, triple digit growth numbers, every news agency in the world covering the lineups and metrics, health Canada statistics, fall sporting events, weekends, Holidays, international developments (ie Germany) and then ~ November 15th Q2 19 financials.
Board members here will have to sharpen their pencils. The number crunching and enthusiasm will be ginormous. Everyone who slept on this will be woken up.
Canopy Growth CEO: We're not the Amazon or Google of pot yet, but we want to be
Canopy Growth is well ahead of its rivals in becoming the leading brand in legal marijuana but still needs to improve, says CEO Bruce Linton.
"Maybe that mentality is what's got us ahead of the pact," he says.
Earlier this month, alcohol giant Constellation Brands announced an additional $4 billion stake in Canopy Growth.
Berkeley Lovelace Jr. | @BerkeleyJr
Published 43 Mins Ago Updated 5 Mins Ago
https://www.cnbc.com/2018/08/31/canopy-growth-ceo-bruce-linton-we-want-to-be-amazon-or-google-of-pot.html
Canopy Growth CEO Bruce Linton told CNBC Friday the cannabis company is well ahead of its rivals in becoming the leading brand in legal marijuana but still needs to improve.
"When I need to find information, I use Google. When I think about web services, I use Amazon," said Linton, whose Canada-based company has partnered with names such as Snoop Dogg and alcohol leader Constellation Brands.
"There's going to be a dominate leading company and we are not that yet," Linton added in a "Squawk Box" interview.
Linton said the team at Canopy Growth, Canada's largest medical marijuana producer, is "very dissatisfied" but added the company is working hard each day to improve. "Maybe that mentality is what's got us ahead of the pact," he added.
Marijuana stocks have been booming recently as investors await the legalization of recreational marijuana in Canada in October. Canopy Growth has seen its shares rise more than 500 percent over the last year.
{Continued in Link}
https://www.cnbc.com/2018/08/31/canopy-growth-ceo-bruce-linton-we-want-to-be-amazon-or-google-of-pot.html