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I was hoping for a better reaction to the take over. I'm sure it will turn as we get closer to mining.
I read 2 hours of discussion before the vote.
I think we will see a good jump once they actually start selling on a recreational level and the revenue starts streaming in.
Our shares of us cobalt will be converted into first cobalt tomorrow. Hopefully we will see a nice return in a few years.
I agree with you. A year ago if an mj company made a PR release the stock jumpes. Now it barely moves. When it goes up the next day it's back down. Only revenue will now move the mj market.
I think the vote is already calculated in. When it goes day 1 to distribute I think we will see some movement as that's when they start bringing in revenue.
June 7th is the earnings date.
True. I was waiting for some news on the presentation but nothing came about.
I did some buying in $4 range so I will not complain about $8.
Wish more people were aware of this stock.
I will grab some more this week.
I don't know if it will hit $4 but I'm with you on holding off on buying.
I wouldn't be surprised if first cobalt attempts to buy ecobalt. They just took out us cobalt and first cobalt said they were looking at other operations in Idaho.
Hi Nascar,
I think there are a few reasons why the mj market is at a standstill.
I think the mj market is saturated with news about mergers and aquasitions and really no big deal anymore. All you read is how we are going to be over supplied and mj prices to go down.
Maybe all this news is already included in the stock price so it's really not going to drive it up.
I think in order for it to move we need some major catalyst. Once we have a confirm legal date in Canada and start selling. This will start bringing in some revenue. And last but not least, the US makes it legal. If this happens we are good to go.
These are just my thoughts. Your guess is as good as mine.
I loaded up a little more at $4.50.
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April 6, 2018 at 3:41 pm
Canadian Cannabis Producer Execs Make Substantial Stock Purchases
Exclusive article by Alan Brochstein, CFA
With Canadian licensed producers under intense selling pressure over the past several weeks, insiders stepped up at three licensed producers, making large purchases over the past week or so on the open market. In general, as measured by the Canadian Cannabis LP Index, stocks have been under pressure since peaking in January, with the index declining to as low as 800 on April 4th, down 44% from its closing high set of 1438.87 on January 9th:
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Two executives at Aurora Cannabis (TSX: ACB)(OTC: ACBFF) made purchases on March 28th, according to Canadian Insider. Chief Corporate Officer Cam Battley purchased 27,685 shares at C$9.04, while Ronan Levy, VP, Business and Corporate Affairs, bought 27,000 shares at 9.19. Levy had recently sold 50,000 shares at C$11.56, while Battley had sold 100,000 shares in late November at $8.46. Battley told New Cannabis Ventures that he is optimistic about the company’s future and felt the decline in price afforded him an opportunity to increase his stake, which is now 94,039 shares. ACB shares peaked at C$15.20 earlier this year.
Canadian Insider reported two buys in Cronos Group (TSXV: CRON) (NASDAQ: CRON) of 200K shares by CEO Michael Gorenstein and Director Jason Adler on April 4th at $US5.27, near the lows of the day and dramatically below the recent C$100 million bought deal at C$9.60. According to Gorenstein, the entity that acquired the shares was Gotham Green Fund, with which he and Adler are affiliated. CRON shares peaked at C$14.83 earlier this year.
Finally, Eitan Popper, who is departing as President of MedReleaf (TSX: LEAF) (OTC: MEDFF) acquired 27,500 shares at C$18.09 on March 27th, according to Canadian Insider. He also recently exercised 239,147 options, leaving him with 716,977 shares. LEAF shares peaked at C$31.25 earlier this year.
Before this cannabis stock news is here, it’s published to subscribers on 420 Investor.
Exclusive article by Alan Brochstein, CFA
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Based in Houston, Alan leverages his experience as founder of online communities 420 Investor, the first and still largest due diligence platform focused on the publicly-traded stocks in the cannabis industry. With his extensive network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. At New Cannabis Ventures, he is responsible for content development and strategic alliances. Before shifting his focus to the cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as an independent research analyst following over two decades in research and portfolio management. A prolific writer, with over 650 articles published since 2007 at Seeking Alpha, where he has 70,000 followers, Alan is a frequent speaker at industry conferences and a frequent source to the media, including the NY Times, the Wall Street Journal, Fox Business, and Bloomberg TV. Contact Alan: Twitter | Facebook | LinkedIn | Email
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IN THIS ARTICLE:
ACB, ACBFF, ACMPR, AURORA CANNABIS, CANADA, CRON, CRONOS GROUP, LEAF, MEDFF, MEDRELEAF
RELATED NEWS:
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MediPharm Labs First Canadian LP Licensed Exclusively for Extraction
Canopy Growth Adds LiveWell as Strategic Partner
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You didn't miss out. It will drop some more before it recovers.
Us cobalt who just bought by first cobalt. The mines are next to each other.
I'm keeping mine. Nothing to lose but much to gain.
Go to to the OTC board and look under uscobalt. They have a pretty good article about the aquasition.
Agreed. Just watching it slowly creeping up.
I got lucky and picked up a thousand shares first thing this morning.
Either something is happening or US is just getting on radars.
Hi too,
We are taking a leap here. I think we are in a good position. History and new drilling samples confirm the cobalt grade and the potential volume. All we can do is wait and see what happens.
As far as I know, no analysis are following it. Still off the radar. If I remember correctly, I read some time ago that they planned on full production in the fall of 2020. Again, this is a ways back. You can search us cobalts website and her an idea of the work they are doing.
I just picked up a 1k shares.
I think it's still low. They are only drilling for samples now. Once they actually start mining and selling I think it will pop. Jmo
Price is slowly creeping up.
I think our payoff will happen when they actually start shipping and billing. Right now we are in standby mode.
The sector just getting pounded right now. Sit on the sidelines and wait for the dust to settle and then move in and pick up shares. Not sure how much longer this can go on for but I'm ready to pull the trigger and buy.
They also have an agreement with the county to plow the roads in the winter to keep the mine open year round.
This stock is the biggest lagger in my MJ portfolio. I'm going to give until the end of the year to produce.
He is too old school. but when you comment negatively on a hot issue and you have some power to throw a wrench in it, it effects us. Even if temporary.
Fox News reports that Attorney General Jeff Sessions plans to announce today that he will let U.S. attorneys in states where marijuana is legal decide whether to enforce federal marijuana law.
California is the latest state to allow sales of recreational pot, effective January 1.
Selected tickers: OTCQX:ACBFFOTCQB:AERO OTCQB:AMMJOTCQB:APHQF OTCPK:BLOZFOTCQB:CANN OTCQB:CBDS OTCPK:CBISOTCQB:CVSI OTCPK:ERBB OTCPK:FBECOTCQB:GBLX OTCPK:GRNH OTCPK:GRSUOTCPK:HEMP OTCPK:MJNA OTCPK:MYDX
They have been kicking the can for too long. I'm on 3 years and my money is collecting dust. It won't make me or break me but it would be nice to start seeing some growth. Talk is cheap so putting out pr's is the mo of llli.
Citron took a shot at us. Unfortunately when they speak people listen.
Short seller Citron Research takes a negative view on Canadian medical pot producer Aurora Cannabis (OTCQX:ACBFF+15.2%) with a short-term price target of $6.50 (39% downside risk).
Citron cites the lack of a clear path to profitability, the absence of intellectual property, self-dealing and insider sales by executives and Enron-esque mark-to-market accounting on biological assets.
Shares have run up over four-fold since early November.
I expect trading to be quiet due to the holidays. It should pick up after the new year and really get going in the spring as we approach July.
Thank you.
Sorry if it won't open. Working from my phone and email. You can look at there website for complete article.