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GEEZ, Cant wait for the terrific news coming in a few hours.
Thanks. I was looking for more of an explanation of why APHA is not doing better. I aware of their latest ER.
Even the Share Price for ACB, which everyone knows is garbage is slightly higher than APHA. Anyone have an explanation?
Ive been wondering about that also. If APHA is such a great LP, why is it languishing. Granted I dont follow it very closely. Is dilution a problem?
Not a big Motley Fool fan, and some of this article I disagree with, however worth posting, as it does outline some good information:
https://www.fool.com/investing/2020/10/15/when-will-canadian-marijuana-stocks-be-profitable/
I like the fact that CRON is starting to PR accomplishments. Happy Dance along with the earlier Peace Naturals in Israel PR's have come out this month. I think it is substantial since we haven't gotten any positive PR's prior to those in months. Maybe one day we will get the "big one", and really move the share price up, like the old days.
Nope, I dont buy it. Companies will fail irregardless of who wins the White House and good companies with vision will prevail. Legalization is going to happen sometime in the next four years. Many of these Canadian LP's are poorly run and deserve to fail. Immediate legalization in the US will only prolong their demise or perhaps hasten it, since they would now be competing with the US. Even APHA, which is considered the best run got hammered after their ER yesterday. I remain convinced that CRON will come out a winner. I personally would rather have a competent government in place then have instant legalization, read that anyway you want. Im in the game long term, at least for now.
So please forgive my ignorance because I dont follow IMLFF very actively, but my impression for the R/S was for them to upgrade to the NASDAQ, correct? Aside from all their other issues, does anyone have any insight into what the hold up is? I dont see much current discussion on the issue.
It is almost surreal that the CRON share price is now higher than TLRY, not so long ago TLRY was 300 bucks a share.
So the new guy is CEO/President and Gorenstein remains in the CRON organization as Executive Chairman. Not sure how to interpret that? My thoughts are that Altria (MO), is getting increasingly impatient with no progress.
When I heard about the CEO announcement I thought about this guy, I guess he is still with the company?
https://markets.businessinsider.com/news/stocks/cronos-group-stock-price-gains-after-the-company-names-cio-2019-7-1028342707#
Here is why F is getting left in the dust:
https://finance.yahoo.com/news/gm-supply-batteries-fuel-cells-183948290.html
Motley Fool is probably the worst source of information ever. They will publish articles with conflicting views constantly. I guess if you do that you can never be wrong.
I am really considering biting the bullet and taking a loss. The IR email provided at the CRONOS website doesn't answer questions that they dont like and the nearest real catalyst is a year away and that is if the gingko bioworks produces as advertised. MO seems ok to let Gorenstein and his team tread water without any real progress.
I have to say that I was very surprised by the last ER Conference call to learn that previous reporting errors were still an issue.
I am wondering how much longer MO will wait until the rest of the Gorenstein team gets the boot. I am hoping for sooner rather than later.
Nope, neither does F, anymore.
It is true, F share price is lower than it was 10 years ago. Do your own DD. Plus there is no divided.
Nope. I am not investing or shorting F. After several attempts, F is on my do not touch list. There are too many viable options out there I dont need to waste my time on F, I made that decision when they still had a dividend.
You would be better off with your money in a checking account or maybe under your mattress, at least when you come back in 10 years you will still have the original amount.
I thought this was a good read. It kind of summarizes my thoughts at this point:
https://seekingalpha.com/article/4367065-beyond-numbers-case-for-cronos
I agree also. Its Rainbows and Unicorns for F after 15 years.
Not a big MF Fan but as the article points out neither is doing very well:
https://www.fool.com/investing/2020/08/14/better-cannabis-stock-cronos-group-vs-tilray/
It would be nice if CRON had a few catalysts, milestones or material events other then Gingo Bioworks commercialization of patents in September of 2021. That's over a year away. I dont recall a single PR from CRON in the past year other than the usual reporting type PR's.
I also would not count on US recreational legalization as a shoe in. One thought I did have, is that if CRON is able through the Gingko patents to genetically produce different strains of cannabis, that technology could be brought and sold in the US as it would not be considered importing cannabis. CRON could then do business through its Altria and or Redwood connections legally in the US.
Maybe im reaching??
That must be for 2050.
Is that a pump and dump?
For those interested, that haven't yet read the ER Conference call transcript from last week:
https://www.fool.com/earnings/call-transcripts/2020/08/07/cronos-group-inc-cron-q2-2020-earnings-call-transc.aspx
Canopy and TLRY reporting tomorrow...most of us know what that probably means.
Lord Jones mentioned among leading CBD Products:
https://finance.yahoo.com/photos/feeling-stressed-try-11-editor-130055228/photo--130055485.html
In the time Ive been following F, about 15 years, it always attracts a new group of investors that think, wow, this share price is really low, Ive found a diamond in the rough. After a few years they move on, realizing that although F products are good, their management sucks. The best recent years F had were when Mullaly was CEO and he has been gone a long time. I would be the first guy in line to buy F if the Ford Family sold it, I dont think that will ever happen. F and GE have become the dinosaurs of the DOW. GE is doomed but F, not just yet, but its coming.
Not sure if you read the ER Transcript, but in all honesty the only catalyst I see from now to Sep 2021(Gingko effort), are either the Israeli Medical/Recreational market taking off (a lot of Canadian Competitors have entered this market), or somehow the Lord Jones CBD market taking off. There was a lot of questions and scrutiny on the call regarding Lord Jones. Of course if the U.S. legalizes recreational, that in itself is a game changer.
Despite my previous ranting, I have to believe that CRON shares are worth more than 5 or 6 bucks.
Since I couldn't post the transcript of the ER conference, I decided to summarize the CRON team answers:
Barbato: well we dont have our sh1t together because Im an over paid stooge and Im trying my best to make you believe me.
Gorenstein: Good answer Jerry, I dont have my sh1t together either, but Im giving money to LGBTQ groups to try and gain acceptance, even though CRON is losing millions per quarter. Because social causes outweigh my fiduciary duties to share holders.
BTW: how about that Lord Jones acquisition, that will be a write down for decades!!
Quote of the day:
"If a weed company cant make a killing during a lock down with everyone stuck inside playing video games, staying home from work and drawing fat checks from the government, when can they?"
I did read through the transcript of the ER Conference Call...depressing...I imagined the band on the Titanic playing in the background when they talked about Lord Jones.
Can someone post the transcript to the conference call?
CRON and these other Canadian Cannabis companies have done something that I didnt think was possible, they have lost money selling dope. Not just once, but quarter after quarter.
Maybe all the Canadian Cannabis companies should all report on the same day and get the crappy news out of the way, instead of death by a thousand cuts.
We shall see very soon, hoping for a good day:
https://www.barrons.com/articles/cronos-reports-earnings-tomorrow-heres-what-to-expect-51596626100
You do realize that F stock is lower than it was 10-15 years ago, and now they have no dividend, right? I would not invest 5 bucks until the company is sold, and the Ford Family is OUT.
I honestly dont think F will survive another 5 years unless the company is sold. I do agree that I like their products, but their management is abysmal.
Quick link to products:
https://thecronosgroup.com/brands.php#
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