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Next stop 4 cents.
TILRAY may have bottomed.
Looking for 3 green days in a row. This will bottom soon.
I am entering right here. About the same price as Organigram.
https://www.newcannabisventures.com/american-cannabis-operator-index/
Bottoming.
I love Trulieve high 3's.
Smart. What do you think of Trulieve?
52-week low. $4.03
BUY!
Streamlining. I like the CEO's vision. BUY.
Good to see green today. Two more days!
I am more bullish in the U.S. as opposed to Canada.
If Tilray and CGC finish GREEN for 3 days in a row, that would be a green light. IMO
New Cannabis Ventures is high on Organigram.
True that.
The quality play would be to stick with MSOS, OGI, Trulieve, and Green Thumb.
Would need MJ to hold $3.00 for starters.
The cannabis sector trying to bottom. It would help if Tilray and Canopy stop falling. Added to OGI. Swapping out MJ for MSOS.
Would be a great time to average in. 20 percent at a time.
Good timing.
GREEN!
Outperforming MJ.
When the war ends subtract $10 to $20 per barrel.
Crude oil $67.00
Should bottom within another 20 cent drop.
I agree, there is a bit of smoke here. The BioSteel reworked numbers should not have a huge effect. I do think CGC is going lower. Ultimately just under 50 cents? $0.48 $0.49?????????
Larger U.S. names are doing a good job of reversing from recent lows.
I am averaging in a little at a time although you can get more aggressive with the larger U.S. cannabis companies. Take a peak at Trulieve and Green Thumb. They appear to have bottomed.
No one has a clue when the quarterly earnings will be released. Getting a little murky here at Canopy. I like the idea of averaging in instead of picking the bottom here.
I called a bottom a couple of weeks ago. However, there are spaces within the sector that are doing better than others. U.S. is doing better than CA and the forerunner, larger companies seem to be doing a better job rebounding from recent lows.
Pre-market
$0.8773
XNMS
+0.00(+0.00%)
As of May-30-20238:31:01AM ET