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My brokerage reads 780 mil out. Sound right?
Debt being converted?
Anybody on the horn with transfer agent or is OTC markets up to date?
Sup all. Hearing good things about this ticker. Got a tip from my good buddy! He doesn't miss!
I just have a great time trading this ticker. But agreed cheaper shares will eventually come.
There's a whole other side to Rec that isn't even legal yet that will yield incredible profits for early investors.
Wait for it
CGC uses same accounting standards
I'm in the logical side of the argument. I believe it's an uphill climb for LPs as long as the weak kneed liberals continue to allow dispensaries to flourish.
Great day for my LP investments. Hope it goes nuts again so I can dump all over the die hards and rinse, repeat.
CGC can't afford to sell any lower than where they are if you look st their fins. Things aren't going to get better but actually worse with the acquisition of Mettrum being a full indoor facility in Ontario. Tweed farms brought COG's average down, MT brings them back up.
I think CGC is at a 2.65 cash cost currently.
That's a problem.
Pushing $3 out the door?
Aphria has a recipe for success with (I believe) $1.8 out the door.
How can CGC compete with that?
You're right about the black market being undercut, but by who? Only a few LPs will be able have the margins to undercut and still make a handsome profit for investors. As it stands CGC is on the outside looking in once demand is met with supply.
I can't argue with what you're saying. But I think it's a mistake to compare alcohol with pot immediately after Rec.
Pot has a crazy activist culture with very loyal users that have strong resolve.
People who regularly smoke are creatures of habit. And that's the largest demographic for LPs.
It'll take years to break that and force LP weed down their throats when they hate them so much.
They'll never admit to its superiority. It's principle.
But that culture will slowly die off over time.
It's like telling a cabinet maker that IKEA is the only way to buy furniture.
10 years ago everybody mocked IKEA furniture. Now it's in every home.
I guess if you have a 10 year outlook on CGC you're laughing
Strange. Frankly when I tell friends I invest in pot they say, "you're crazy they get raided every day, itll never be legal!"
Haha. I just say, ok
Ya for sure. Only 100k patients give or take smoke LP supplied medical pot. (Or use oil)
That leaves a few million Cannabis users who have no access to LP's. Only street pot.
There's no way for them to access LP Cannabis without some type of illegal means of acquiring a patients meds.
What % of these rec users are clamouring to get LP pot?
I'd think single digit percentile.
I don't claim to be in the scene or anything but my friends who choose to smoke don't even know or care to know who Cgc is.
To me that's a huge problem. Ofcourse people will learn upon Rec eventually. But it's scary to think they might continue to buy from old source.
Huh? I guess you've never smoked pot that a buddy offered in the school yard or at the park growing up.
Even to this day, any Cannabis product. 99% chance it ain't LP Cannabis.
People seem to be surviving.
I'm not a pot smoker or Cannabis edible fan... but I know many who are. None of them know or care about LP weed
Who cares. They are selling "weed" at a higher rate than Cgc. That's all that counts.
I can see you've done your DD on this. I'll look forward to a more streamlined production process of Cannabis. And Cgc will lead the way...maybe.
But why can't this tech be used in a greenhouse? I think it can.
Do you think Cgc had made a mistake by seemingly abandoning the pharmaceutical side of Cannabis? I think there's so much money to be had from this branch of Cannabis. More so than Rec even if they can break down the cannabinoid further and offer scientific evidence of all its healing properties.
Look at a pharma research company like kalytera and tell me what you think about their direction.
I almost thing Cgc should be investing a lot of money into that. Not quite $430 million but certainly more than what they have
Well congrats on the new bundle of joy!
They will be well served to get the finest education around. Eventually be in a position to run CGC! Maybe even de-seat Bruce as CEO.
I recommend a Bachelor of Commerce from Queens and a masters at York.
Bruce himself would head hunt his position away
Bought 1000 shares at the open today @ 2.51. Should've bought more but feared that it would tank further mid day
You're a regular Good Will Hunting! Do you pirate and regurgitate every thing you find cool in movies or just the stuff about formal education?
You must've dl'd some good books on stock investing, cause your Cgc plays were golden.
Funny, I wrote my thesis on Tolstoy
CGC is a great regulated company. Maybe too regulated tho.
The pot I look to sell won't need to go through any silly type of QC/QA.
It's not crack. Right?
Path of least resistance my friend.
The dispensaries aren't in the investors name hahaha.
There is a never ending supply of burnouts who are honoured to have the title of a dispensary owner. They collect slightly more than minimum wage and fight the hard fight. Investors collect the bucks.
Trust me.
No harm no foul.
I think the flimsy laws toward pot are excellent for me and my investment.
I hope the government continues to allow a free for all approach.
Public companies are easy to run so long as the share price is booming.
Berg y'all argument is that this gravy train is seemingly coming to an end.
I tend to agree with him.
With regards to raids, my legal council informs me that police (in Ontario) are only raiding dispensaries who are advertising and selling to minors or non prescription clientele.
Even small loop holes like "self diagnosed ailments" is being ignored for the most part.
Police are simply ignoring compassion clubs who stay within the grey zone.
The grey zone would be mostly defined as offering medical product to medical patients at least 21 years of age with no direct street side advertisement.
As soon as those Parameters are broken, police raid.
But for those who are knowingly abusing the lack of an iron fist that the police have, all recent raids have shown that police are making errors in paper work which allows raid victims to escape without a criminal record.
Whether that is intentional or not, i do not know.
Frankly whether you're selling Rec or medical on the streets, the only risk is loss of product in these raids.
I suggest minimal supply on site to reduce raid loss.
Cheers.
Play a major role
Meaning not exclusive. That is going to open a can of worms.
You're right. I'm all for the most conservative approach to recreational Cannabis including sourcing all supply and distribution from only LPs.
It's not realistic. The Cannabis war is being won by activists. Who am I to fight it.
I like to swim with the current on my investments. And right now the current flows toward LPs being in the back seat
Sad. But I blame the weak knee'd liberals who have not properly enforced the ban on dispensaries.
Right you are Bergy. You've been killing it lately. Keep up the good work
I'm reading hope, not fact.
Recreational weed will throw fuel on the fire and if the government can't stop it now how will they stop it post Rec.
Ever heard of Jamieson?
Aphria is not company Mettrum is? Haha
Silly
The market whole heartedly disagrees with you. In fact the market says Aphria is twice the company than that defunct LP Mettrum
Sure MT would've been half the price of Aphria, but it's like comparing a Hyundai to a Ferrari.
Also, the other LPs don't want to be acquired by CGC. Mettrum needed to be acquired. You are missing that important detail.
Makes no sense. Task force is on record as to saying they want to demonopolize industry.
Also, think about the legal action being rained down upon the federal government if they disallowed a fair and free market.
Every applicant would join together for a class action suit and they'd win.
We don't have a fascist system.
I feel ya. To me, there was no justification to pay a premium like that for such little grow space. Patients are nice and statistics show Tweed will onboard some of them for sure.
The doctors in was nice.
Still. Put $10 mil into Patient on boarding, $10 mil into branding and buy 2 late stage applicants with ample grow space for $50 mil total and they are way further ahead.
Patient part of MT acquisition is stupid tho since Bruce is on the record saying he's going for Rec, not medical.
I don't know. I just hate that play by Bruce.
Eliminate designated growers, yet allow every household to grow for recreational purposes.
Good trade off!!
Especially when the police will have no way of knowing or monitoring that I'm growing 400 plants in my farm house out in the boonies.
Brilliant.
I'll buy that.
But wouldn't you rather buy out late stage applicants for their grow space for penny's on the dollar?
Surely the minimal grow space that Mettrum has isn't worth $430 mil. Or 36 million shares.
I'd rather have a 50k sq foot late stage applicants facility for $15 mil and forego the patients who may very well not be there once acquired.
So what's all that stuff dispensaries are selling? Isn't that pot?
Seems like there already is a well established supply and distribution system in place.
Seems to me, LPs are infringing on that.
Ya you're right the province I live in may not like it but they'll be pandering to me soon enough.
I have the capital to create a reputable clean Cannabis environment. They'll be happy to have me supplying their population with bud. That bud may or may not from the cheapest producers.
How can an LP with that draining overhead afford to sell pot through my chain?
I can't deny the LPs have been a wonderful investment opportunity. But not because of any real fundamental reason. Hype made me money.
I think it's time for me to find a more lucrative investment the the Cannabis industry.
So I get raided a few times a year, so what. Business won't be in my name anyhow. It'll be some poor sucker at the counter being arrested. I'll send his wife a bunt cake and after his 3rd arrest a payed vacation.
One day I'll supply Cgc product. My guess is itll be collecting dust as that will need to be marked up in order for CGC to break even.
So after all these reasons of why you can't open a dispensary, you still believe the government has no control over you?
Your very livelihood would/could be taken away. You could be sent to that prison south of the border.
I'm a Canadian citizen. I can break these flimsy laws all day every day
So let me get this right. You think dispensaries are nearing extinction as they multiply day by day?
And legalizing people to smoke at 18 freely as well as home grow in a full recreational market will somehow cause dispensaries to go extinct?
Not seeing the logic there.
Rec will only pour fuel on the epidemic of dispensaries. These people (soon to be me too) won't be slowing down, only multiplying.
The only suckers are those spending millions on security.
Can't believe you aren't opening a dispensary with your Cgc returns.
Victimless crime. And not really even a crime.
$75k gets you into a booming franchise, fully stocked shelves (first time) and vetted employees.
When we get raided we'll reopen the next day. No big deal. Just smart investing.
Nobody said $1 mil profit but you.
I said 2-3k a day. Which is what what they bring in.
MINIMUM
Ask Jodie and Marc what they Made from their cc shops this year.
Exactly. You're a bright guy.
Every municipality that hears these stories of grand tax revenue will resonate.
Gonna be a greed show.