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for those interested in what licences are launching on the NYC front... here is an older article.
https://www.timeout.com/newyork/blog/brooklyn-will-soon-be-getting-its-first-medical-marijuana-dispensary-080917
Every make it big company is lead by a charismatic smart person with vision. all the companies seem to be lead by aging business finance types. Wheaton has that IT guy at the helm, with Rifici. imo
They have openly discussed the dilution issue, and have said it is the harsh reality at this stage for almost all growth stage companies at the moment.
This is the best Play that is both South and North of the border.
10 percent stake in marijuana beer company. Province Brands of Canada.
been saying this, but people love drama.
John "in the World" is kinda of exaggerating.
you have been for decades?
The first Cannabis Streaming company. You are here if you believe in this model. Which unfortunately can be proven when the rest of the platforms start Perform. But in theory it's actually quite smart. Regardless of how you feel I would a lot a percentage of your portfolio in this by virtue that the isn't anyone else doing it.
http://strategyonline.ca/2018/03/08/abcann-picks-virtue-as-aor/
Abcann and Vice Media as Agency of Record!
http://strategyonline.ca/2018/03/08/abcann-picks-virtue-as-aor/
big things ahead. Abcan and VICE
no clue. Possible due to the low promotion policy this company takes. Which I kinda like but makes me curious. This is kind of a set and forget kinda company. I can't deny how many good things it has going for it. But curious why many haven't caught on here on this board.
I think the correct question is what is the stabilizing upward force that will propel this industry into a new era of legitimacy in which the share prices deserve it's valuations? Until then it will always be volatile. At some point there will be a small handful of winners, a few lucky acquisitions and many losers.
did the business update confirm Footprint in Germany?
Uplisting seems like a no-brainer in hindsight. I wonder why other companies didn't do this earlier.
interesting thought
smart to unify their identity. These guys understand branding.
huh? Incentive would be lower option. So when the price per share goes up... you can purchase at the lower price.
word is Canopy is jealous. They want to uplist soon. Any thoughts on what others following suit might do?
why is this board dead?
so could this have caused the Dip initially?
https://www.theglobeandmail.com/report-on-business/cronos-cracks-the-nasdaq-a-first-for-canadian-cannabis/article38142997/
"Cronos is a small company. During the past year of results to Sept. 30, it posted product sales of just $2.6-million. Most of the income it has recorded has been from the sale of shares in other marijuana stocks, including ABcann Global Corp. and The Hydropothecary Corp. Yet, the company has a market cap of $1.5-billion."
so true
weee!
yes still holding... but diversifying.
A few of the Members of this Coop will be on my Picjs going forward into legalization. Cronos is one of them:
https://engage.gov.bc.ca/app/uploads/sites/217/2017/11/Canadian-Cannabis-Co-op.pdf
haha apologies. yah I said 50 because I thought it was implied as the resistance.
it's jumping after hours...
huh? no... 1.50. when price hits back to 1.50 I'm gonna buy.
yah.. if it comes back to 50 I will buy
I don't get it either. People might be repositioning to get into the new Nasdaq ticket, CRO...
managed to get 2000 at 7.40. Lets see what happens in the morning.
I love your enthusiasm and optimism. Although that's a pretty reaching hypothesis, it's one that is fun to think about.
very encouraging. it's all about execution. However the sector is moving in tandem. At the moment there is little differentiation between companies from an trading perspective. As technicals don't seem to be a main driving force at the moment. As we move into recreation and as the market and political climate progresses/degresses.. we will start to see companies diverging.
IMO companies like Abcann have a different strategy than companies like WEED. Abcann is about quality, and consistency...as the latter is more of the corporate approach of quantity and bulk. They both are relevant models, and we will see what the medical, recreational markets will require and what the municipalities will favor for implementation.
Key Benchmark.
https://engage.gov.bc.ca/app/uploads/sites/217/2017/11/Canadian-Cannabis-Co-op.pdf
This coop consisting of 12 top licensed companies (Abcann and Aphria, Cronos..) who's aim is to build a retail infrastructure for Canadas future cannabis market.
From Abcanns Prospectus...
"Further to this strategy, the Corporation (Abcann) is a member of the Canadian Cannabis Co-op, the objective of which is to create a retail and e-commerce distribution channel in those provinces that support a private sector approach to the recreational retail cannabis market. The intention is that the Canadian Cannabis Co-op will provide a turn-key solution to provincial governments and ensure residents have access to a diverse, safe and regulated supply of cannabis. If the Canadian Cannabis Co-op is selected by provincial government(s) as the retail distribution points for cannabis in their respective provinces, the Corporation expects it will need to contribute capital as part of the project. Currently however, there is insufficient information regarding whether any provincial government(s) will choose to use the Canadian Cannabis Co-op as a distribution channel or, if so, how much capital the Corporation would need to invest in such an endeavour."