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TMEvans...
might be the most valuable poster on this thread. He is bullish on the stock for clearly apparent reasons, but often offers well grounded arguments which pull euphoric investors back to reality. Though they may be correct in time, his reasonable analysis is particularly valuable in an environment where most can only see green. Kudos.
If it is even half as good as expected, we are in good shape.
The thing I like best about Tweed is that they are focused on growing marijuana. Different varieties, which will entice patients of other MMJ suppliers, but not new technologies or accessories. They are focusing on high volume and variety of the product that needs no introduction. This is a guaranteed winner. If Joe Schmuck can buy and sell even low quality marijuana for substantial profits, just imagine what Tweed can do with such a facility.
People should also not discount that many "patients" can buy as much as they like. I know people who buy AND SELL medical grade marijuana. There is still a cut to be made reselling at even these prices!
I also liked this line:
"The benefits of going public however are huge for Tweed, who while they are currently focused on the growing Canadian market, are also keen to be in a position to take advantage of the import/export market when it develops according to Rifici."
Have not seen this one... good eye Green2013
Where did i say 6 months? certainly not in the post you quoted... and is that the process they use at Tweed? can you give a link where this is confirmed?
Speaking of doing research before you preach, you couldn't even be bothered to quote the right post. Your contribution to this board has been telling us twice what the current share price was... which is readily available ON THIS VERY PAGE. You sir, should do some research and attempt to contribute something of value.
yes, but Bedrocan, for instance, offers 5 varieties of marijuana at 7.50 per gram. Tweed is storming into the market with full scale operation and offering something like 60 strains with variable price levels. It is not unimaginable that some clients may go to Tweed instead if not for the selection alone. Like another poster mentioned, in Colorado, people are interested in wide selection. If you want cheap weed, you can have it, if you want purple haze or hindu kush, well you can have that too... if you want some of both... well, you get the picture.
Marijuana takes several months to grow and the process was recently started
The fact that we saw the whole sector plummet at least 50% from its highs, is healthy because it purges LEVERAGED SPECULATORS. Nobody using leverage (and many were) can sustain this kind of drop, and thus they are forced to sell and exacerbate the decline. Looks good on 'em IMHO
I think we agree more than it initially seems. What also needs to be taken into consideration is that rough economic times (re: 2008; those problems are hardly taken care of, just papered over by unprecedented debt expansion) are often a catalyst for radical political change. I for one would have thought that Canada would have been first to legalize it, but seeing Colorado and Washington beat us to it, will no doubt, expedite the process.
I think the parties will change their tune when they see public sentiment on the matter is rapidly changing. You would be hard pressed to find anyone under the age of 40 that thinks marijuana should not be legal for recreational use. Conservatives will lose relevance if they continue to pander to only the ageing boomers.
KW here lol
IMO, if they really start going after Trudeau with more smear campaigns on his position to legalize it, it will only polarize a very much in favour public. My father is very conservative and has always lamented the use of marijuana, however, in a discussion with him a few weeks ago, I was very surprised when he said he thought marijuana should be legalized for recreational use. The effects are much less destructive and problem oriented than alcohol by a long shot. And the amount spent on policing and court fees are substantial when they could be reaping tax revenue instead of wasting it.
2.94 posted... not coming back down.. green light to buy now
Intermediate double top forming in the 2 min chart... must breach 2.93 else could be coming back down.... for those wishing to buy, or sell.
I don't mind a good troll who makes decent counterpoints so that the board is not one big euphoric circle jerk, but this guy barely makes sense. What is he talking about "if they don't allow MMJ..." they already have. This movement is trending towards full out legalization. What makes this guy think they would outlaw Marijuana for medicinal purposes? He is making quite a fool of himself.
What are you talking about? Please add some coherence to your posts.
Im sure it soon will be leagal for recreation and that is part of my reasoning for investing in the field. Also, as a consumer for many years, quality is a huge factor, but still, price is a factor. Tweed i expect to excel in both categories.
So marijuana prices will be even higher then. 1 kilo of Oxycodone has a street value of roughly $1,000,000... anything deemed to have medical benefits will therefore only inflate the price.
If you care to share which companies you are referring to, i'd like to do some research. Seems to me though that most companies have ballooned valuations at the mere mention of applying for a licence. I would like to know what company that has plans to enter the field offers better value (in terms of market cap) than TWD.
Also, if people think that the government will allow all kinds of competition in the name of driving prices down need look no further than the alcohol market in Canada. We pay obscenely high prices for alcohol and people still line up out the door. The poorest of the poor still find a way to get drunk everyday.
I think you are confusing PPS with market cap. What value is in a stock priced at 0.06 per share if there are 3.4 billion outstanding shares? Furthermore, the article discusses that these companies are trading at valuations as if they have already obtained their licence or facility.
So you prefer the paper bag then? lol
Yes, but the article explains that some of these companies have higher valuations WITHOUT a licence than a company that ALREADY HAS ONE, and a facility, and are already growing.
Also, the deals to sell vaporizers and such are nice, but really, like i have mentioned before, that will amount to maybe 1% of their revenue. I have spent at least 100 times more on the actual product in my lifetime than i have on accessories for the product.
is that an endorsement for choosing the paper bag surprise? lol
300% increase? where is ANYBODY getting medical grade marijuana for $3.00 a gram? that is simply rubbish. Tweeds prices are very fair. I have bought tens of thousands worth of weed in my lifetime, ranging in quality from amazing to absolute crap and have NEVER paid even close to $3.00 a gram. Even absolute garbage on the street will cost you $40 per 7 grams, at least. Someone shows up with some kush and i gladly buy at $70 per quarter oz. My cousin has a medical marijuana card and she pays roughly 10 per gram.
I liked this statement made in the comments section, re: people overvaluing companies with no licence or facilities...
"Its like investors would rather take a nondescript brown paper bag that could be full of feces rather than cash that is sitting on the ground, ready for the taking."
The whole sector was bid up to artificially high levels before TWD even went public. Many investors may have entered TWD and now that other MMJ's are getting crushed, many leveraged investors are forced to sell TWD due to margin calls. Investors tend to be biased towards one sector, especially when it has been going up up up for some time now.
volume drying up for today... chart starting to look like an etch-a-sketch lol
it was reported on tmxmoney.com under insider trading summaries on April 4th. It was listed in the top 10 net buys that day. $51K and change.
so lets get to the bottom of this... what exactly was the, roughly $52,000 insider net buying reported on april 4th, in reference to? Why would this be reported as insider buying if it was some obscure transaction cost?
there were roughly 250k shares granted with options to exercise @ .89 ... why would only $52,000 have been reported? Is it not possible that there was insider buying?
I remember reading that the options are not yet exercisable. And why use your options now when the stock is so cheap compared to what it will be in a year? Why buy at .89 cents now? why not buy at 2.50, then in a year buy at .89 when the stock will be worth more than 2.50?
The rest of the sector is also getting crippled so this could be part of a larger trend... bursting of the first MMJ mini bubble. I look back to the first day of trading where we had insider buying at no less than 2.35 per share so i am pretty confident we wont go much lower than that, barring a major stock market meltdown, which is always on the table these days lol.
double bottom in?
just bought more at 2.44 ... brings my DCA down :)
How do you know they have lots left to dump? What interest do they have in crushing the price of the stock they own so much of?
Volume is still relatively high... Volatility is VERY HIGH. I highly doubt we get bound in a 90 cent range. That being said, we may need to wait until we get a progress report from the company in a couple weeks before this thing really gets going.
We also have to consider the overall market... Stocks have taken a BEATING this week.. Tech, biotechs and even other MMJ's equities have taken the hardest hits and this triggers MARGIN CALLS... and in this situation you sell ANYTHING that's up. Just something to think about.
Got home from work, saw 110 posts today... 1 good post with an article about projected revenues and such... the rest TOTAL RUBBISH. Grown men bitching about who's stock symbol it is or whether its OTC or not which has already been established. Geez.. thought there would be some good reads in here but just disappointing.