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Thanks for the heads up.
Sold a bunch at 24-25, which I rolled into other stocks and cash. Will watch for the dip. Like Cronos and waiting for a re-entry point so appreciate your thoughts.
I'm guessing a possible dip after earnings are announced next week. We could see the same play out with CGC to a lessor degree.
Best of luck to you!
Thanks for the data.
Speaking for myself in the US, I don't have any visibility on our products so appreciate your opinion. Hoping for my Canadian citizen certificate by August and will do another trip North to do research.. Lol
Always wondered why I seemed to be overly apologetic.
WTF...$500,000,000. should not mix partying and posting.
I would think Winston-Salem North Carolina would be good.
Connecticut use to be a tobacco producer also, and has the same climate as RI & NY. I'm sure there are other factors like targeting areas where other companies have moved out leaving a willing and available labor force and maybe even some cheap industrial property like they found with Hershey. Then there are tax deals that I'm sure they're getting offered and closeness to market is important.
Lots of US competition with CBD so much of these moves imo are obviously to get pre-positioned for Rec and maybe even the more lucrative Bio-pharmaceuticals industry Which will evolve in part thru collaboration with TerrAscend who just bought a US pharmaceutical distributor.
Bruce is a "First-mover" so he will be ready I have no doubt.
YES !!! $5000,000,000.00
It's great and I'm lovin it.
Yes... CGC targeting facilities in: CA, Denver CO, NY and RI. Darius posted a video with Bruce saying their spending 500,000 to build out facilities in those states and they have posted jobs openings for those places as posted by Fah.
Does news get any better?
Nice.. spent 45 yrs doing lake cottage vacations. They were the best of times.
If your anywhere near Lake Champlain the small mouth fishing is some of the best in the Eastern US and beautiful scenery.
Congrats on your timing. Enjoy following your moves as always.
Hoping for a bounce today.
Sweet. You've earned it for sure.
Go Bruce!
Never...
Can't wait need to book a trip somewhere with turquoise water, sunny weather and lots of sand.
Nooooo didn't watch your post before posting, but do have a few iggys.
I like where we're going!
Movin and shakin in the US.
All good points and much appreciated.
Could not be happier with Bruce's leadership. He's established the blueprint for the industry to follow and that's a huge accomplishment.
Owned RIV then sold. Got burnt which happens.
Liked TerrAcend which seems the crown jewel of RIV and buying that instead. Like you figure I already own RIV via CGC.
Like TRSSF's positioning in the Bio-pharmaceutical and Wellness sector and they should do well when the US Fed reclassifies to a lower scheduled class.
What boat are you buying ?
If your retirement account is a Roth you won't even pay withdrawal tax.
You have to have held the Roth for a min of 5yrs before withdrawals are not taxed at all.
Do the research so you have the details. GL
Glad it was helpful. GLTU
Congrats! Were fortunate to have this opportunity.
Assuming you just have a simple IRA ...
You don't pay any capital gains tax on the profits from a trade.
You don't get to claim any losses from a trade.
So there are no long or short term capitol gains tax brackets and you can sell whatever you want and buy it all back the next day with no penalties unlike a standard trading account as long as it's all done within your IRA.
You DO pay tax when you withdraw any money at the % rate of whatever tax bracket your in at the time of the withdrawal. Assuming you have met the age requirements for penalty free withdrawals.
Where they get you is if you try to be slick and sell Co "A" in your regular account then buy it back within 30 days in your IRA. If you sold it at a loss it will be considered a "wash sale" and you won't be able to deduct the capital loss on you regular account.
If Co "A" was sold at a gain in your regular account even if you held it for some time, then bought it back within 30 days in your IRA you will get taxed at the maximum rate on the profits for a short term trade done within the 30 day window.
They don't want investors doing a "work around" on their securities tax laws.
Best to do a google search and read a bunch of articles and call your broker so they can confirm your understanding of how it works.
It's definitely worth the research. But do your own DD for your specific situation.
GLTU
We thought you'd be happy with the detachable fly tying table.
But not to ignore the needs of all, Wednesdays are bring your own vibrator day. :)
We've upgraded to leather recliners. Plenty available.
Ameritrade lets me trade like a mad man..:) But can't rent to shorts :(
My IRA and regular accounts have the same securities and have to watch the timing so I don't sell and buy the same stock across accounts within 30 days. Unless it's just in the IRA where there is no 30 day rule and can almost day trade with no tax concerns.
Going to be interesting to see earnings next week. Good Luck $$$ & thanks for the link.
Much easier trading within an IRA.
Useful data... Thanks DB.
A rising tide of activity that's lifting several companies.
Thanks Altria/Cronos for the catalyst.
Nice... Thanks Darius.
The problem with CannTrust is that they haven't received a major cash infusion like Canopy and Cronos that I'm aware of. The longer they go without that the further behind they will fall.
They have good plans and I hold shares but you need $$$ to make it happen before someone else does. First movers get market share. They do have room to run & decent management will say that for them.
Hexo (Molson Coors JV)& Curaleaf (US) are probably better choices. JMO
I'm guessing $58-62 range also. Just enjoy knowing at some point it's going to hit that range and we have an approved split waiting.
Our greatest headwinds are the Canadian Rec situation and crazy US politics. As long as we don't get blind-sided but some major negative event we're good imo.
They actually have a strategy and already voted to approve up to a 3:1 split. It will happen just a matter of when.
Not in my skill set, but whatever works is good.
We've almost gained back enough ground to wonder when they'll call a split.
Good call.. Great week !!!!
Love that story.
So true.. have found myself making bad choices when I think maybe they know something I don't.
Sometimes the biggest battles are in our own heads.
It's been an education for sure.
Started watching this board mid 2015 by late 2015 had started buying shares and was full in by fall of 2016. It's been frustrating at times but looking back it was a good decision and most of us agree the road ahead looks even better.
Got to give them credit for trying.
The US is moving in the right direction slowly and I think the pace is picking up speed.
One thing I've noticed is it always seems to be happening too slow whether it's Canada, the EU or US.
Hard to believe I've been here three and a half years with several folks including you years longer. And for as far as we have come it still feels like it should be happening faster.
Tobacco group wary of cannabis health risks...
Good Old Phillip Morris... the company with a heart.
More wishful thinking than calculated prediction on my part.
Agree, It takes a community. Thx.