The dark side
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Starting a reply with " do you understand" is the douchebagiest way to start a sentence. That being said.... Do you understand that McDonald's is a rare company that's not held by a holding company like Restaurant brands or Yum brands. The Cannabis market is so segmented and restrictive that many companies they've bought already have a large following in that market. Should restaurant brands rebrand Burger King? These companies will be holding companies for many different products and stores. Even Verano didn't change the name of their dispensaries in Florida for the same reason they're already popular so why start from square one again.
I very much disagree with this. Greenthumb has the best drink brand hands down. Have you seen CAAN it's beautiful.
Supreme's Jean guy strain is the best I've smoked from the producers. Although I haven't smoked many
This supreme acquisition makes the Bedrocan acquisition look pretty cheap at 50 million. Although it did dilute the shares 50% so the bedrocan acquisition actually cost them 6.75 billion at today's stock price. So I'm still right the Bedrocan acquisition is still the worst but this supreme acquisition is a close 2nd. I'm really struggling to find the reasoning behind it. Why close your own production site and then buy inflated Canadian companies. They must have been losing market share. If they lose their market leader status their stock suffers big time so maybe this is the reason for buying supreme. I can't wrap my head around any other reason. This has made me hesitant to buy back into this company. Still waiting for them to raise money but even then I'll have to think about this.
Any other thoughts on the strategy of supreme. Are they just going for a buyout of the whole sector? Anyone that's decent anyway? Who knows
Acreage is Canopy without the legal consequences. So they are selling in the US already. It was a brilliant move. Canopy's competition in the US is handcuffed by a grey market and they continue to invest and grow. I hope they spend a billion more in fact I wish they weren't so concerned with making a profit at this point
I love your determination Awesomesound. Since early 2014 you've been here daily posting. My dad gave me some advice on the stock market about the corruption you talk about. He said : "the markets so corrupt, you have to be involved in it" that goes for any company that exists or they would be swallowed up and spit out
Who is thinking the US is immediately going to legalize? The banking act and decriminalization would be great first steps. It makes sense to leave it to a state by state decision. The US is huge and deverse. Canopy has a deal that allows them to be in the US already without any of the legal risk. Which as an investor is what you should want of the company. They are growing and selling in the US market as we speak. The deal they made we brilliant Imo and in a few years will look cheap.
Why did you waste everyone's time posting this garbage website. It clearly states she doesn't support decriminalization of "ALL" drugs but supports decriminalization of cannabis. You can read?
“Is it true that you advocate decriminalization of all drugs?” Sen. John Cornyn (R-TX) asked.
“No, senator, I do not,” she replied.
Bedrocan deal good luck to us all. Weeds going to run green into the weekend the force is with us
Hopefully I can bring some good vibes and rising stock prices. I can't dig in as much as before on the DD. I'm trying to scale back and take it easy these days but I can't sit on the sidelines completely. The Banks in Canada are at all time highs I'll be moving to a larger cash position and looking to deploy some in this space again.
Canopy still feels like the safest bet. I feel there's value in the US names that are unable to list on large exchanges yet. They're still in that semi grey area in the US where no real huge institutions can really touch them. When they get legal it may open the flood gates on cash flowing into those names.
I'll probably be doing a little more research on those names in the US. I could picture the US opening up not in a one day event like Canada. The hype leading up to Canadian legalizing was insane. We may not see that one day event in the US it may be a slower process. We people agree on that?
Haha no way! Very impressive awesome job
I might be back on board depending on price. I'll likely jump Back in when they raise money. I'd guess they have to raise money this year at some point for sure. If that day comes I'll do my best to participate and be back on board. It's a different animal this time around with the US who knows how it plays out. Stz may take this out before it has a chance to run again that's the worst case scenario that I can see. Even then it's not too bad they'd have to offer a premium. If I were them I'd get it done sooner than later. That beening said keeping canopy public they can always tap the public for funds which is also a good strategy. I'm on the fence with this one. I can see a fund raise coming around the 200 day moving average I'd guess. Anywhere from $30-33 per share. It's possible that's why we're seeing a decline in prices. They may need to move this to a valuation that's attractive to raise money. It could also be that people are anticipating them to raise cash and getting out to then participate in the share sale. There may be temporary pressure on the stock until they clear the air from raising money. Those are my thoughts for now as I contemplate a move back into the sector
May the force be with us!
Hey Drivepact good to see another familiar face here
Awesome that's good to know some people made it this long.
Any of the original Ihub posters still here from 2014?
Bruce is an absolute legend it's sad to see him go. I'm guessing he was forced out but have no idea really. Thank you Bruce for making 100's of millionaires and just generally kicking a S's on every interview ever for years. Big shoes to fill.
Are bakerstreet soft gels any good? Or would you recommend just getting the dried flower?
Yoda's back with first small buy. Too small to watch or post much but GL to all here. Bedrocan who?
Ridiculous gains D Brown what a ride
Haha nice! I'll try Canopy Rivers not as much cash as I put into Canopy though. I've been enjoying collecting cheques and just relaxing. Not sure I want to jump back and ride the wild beast again. Trying to keep life simple these days. I'll toss 10 or 20 k into rivers and contribute when I can on the DD Bruce did mention in one interview if a company was going to pay a dividend it would be Rivers and that's my thing these days
Nice thanks I'm thinking they get bought out at some point maybe by Mitel. At under a dollar it's worth a shot at a long position. May take a few year but he'll most people waited 2-3 years for TWD to take off
Cool that sounds like a plan Rivers should explode first day or two
Brown and John you guys must have passed a million by now. Just contemplating a small position in Linton's other company wondering what the thoughts are I'm letting the dust settle on the initial offering. I'll also give you guys a gift for tomorrow's open
Bedrocan't the virtual boy of the cannabis space
Any of the old ihubbers get into Martello Bruce's other company? What do you guys think of it? The only thing I really know so far is that they have 170 million outstanding shares and I think Bruce Said they made 9 million last year. Market cap in Canadian dollars would be about 130 million CND at today's price.
Altagas closes WGL acquisition
https://boereport.com/2018/07/06/altagas-ltd-announces-closing-of-its-acquisition-of-wgl-holdings-inc/
Yep worst deal in history and now they can come back and compete in the Canadian market. At least they got rid of the royalties they were paying them.
Ps. The stock should go up now
https://www.newswire.ca/news-releases/canopy-growth-provides-operational-update-regarding-licensing-arrangement-with-bedrocan-international-685170011.html
I can feel the obnoxiousness through the Internet tweedledee work on yourself.
Update on Martello: it's tough to do DD on a private company. Bruce is the chairman and this one being based in Canada may fly under the radar of investors long enough to do DD and get in on it before it takes off or crashes. I don't normally buy IPOs but this one is interesting.
"Martello, a Kanata-based tech firm with 25 employees, raised revenues by 1,552 per cent over the past five years"
http://www.prweb.com/releases/2018/04/prweb15406885.htm?platform=hootsuite
http://www.obj.ca/article/martello-technologies-leads-18-ottawa-companies-profit-500-list
You're very welcome happy for the ihub crew
Don't underestimate the power of the jedi
There's only two things that are infinite in this world, people's appetite for cannabis and Bedrocan's ability to suck itself out of existence.
Hope this helps good luck!
Just thought I'd throw this one out there for all the long time Tweed Ihub brothers and sisters.
One to watch for the future: IPO later this year. Bruce was CEO of this company before founding Tweed and still sits on the board. I want to see a quarter of finacials first but I'll be watching this one close.
Bedrocan, what the heck is a Bedrocan
http://obj.ca/article/ottawas-martello-merges-montreal-firm-ipo-expected-2018
http://martellotech.com/about-us/management-team/
Bedrocan brand is the bum equipment of the Cannabis space.
https://en.m.wikipedia.org/wiki/B.U.M._Equipment
BEDROCAN!!! Bedrocan is still a load of dog poo. Diluted us 50% which in today's price cost 1.5 billion ;) I hope that brings an extra dollar your way.
Good luck guys! There's more to come here, I believe as well. Canopy will become one of Canada's great companies. I'll be following the dividend monster again someday I hope.
Market share in just Canada and Germany justify the market cap and the world is changing fast. How many people thought we were crazy calling $17/$18 two years ago. Bruce will continue to out preform no doubt. This was and is a once in a lifetime stock.
Thank you for all the amazing DD on this board over the years. Officially topped 2 million. I'm retired and going back to the boring stock life. Not because I believe this is done but I just don't want to have to watch the market anymore.
May the force be with you ~
November 6th 9:45 Yoda
Thank you Canopy team and Ihub team
STZ could buy up Canopy fully with only 10 million shares. A drop in the bucket, like buying a happy meal for them. I wonder if they tried, maybe Bruce doesn't want to let go yet. STZ could very well buy these guys out fully in the future and I'd probably just keep holding because they're a well run company.
Wow Canopy still in a league of their own and still killing it. I own both companies and I'm happy for both. That cash plus the experience they bring puts Canopy in another world. How much cash on hand for Canopy now 300 million?
This thing is making a run for $17 again. It almost feels unfair the amount of money this stock is spitting out at us... but I'll take it.
Hey squishy I always thought your account was Brent k. I'm still kicking around although reduced just a tiny bit for the sake of my sanity, and I was at a rediculous weighting before. Not any disbelief in the company my ticker is getting old and I may have dropped dead when Canopy starts going parabolic again. Although I may slam through some resistance if the timing is right I just need some bakerstreet to keep my nerves steady. I don't mind the stock going down I get more nervous when the stock starts flying. I'm all sweaty hitting the refresh button every 2 seconds good god... I think I have one more in me before I hang it up and call it a day. Momentum is on our side here and I'm looking for a new 52 week high to blue sky's but we'll see. It's not everyday you can own a company that is going to make world headlines "cannabis is legal" people in mud huts are going to be buying this thing.
I'd love to give these pills a try. Hopefully they'll be available for rec next summer. I ordered up the recommend vaporizer, hoping they open sales online in January.
This article has probably been shared a few pages back sorry if it has. I like the part about the Spanish production and cheaper labour costs, production for the EU. There's also a good YouTube of Bruce speaking at a conference hinting at Isreal, and he's thinking they may open sales Jan online.
Wonder how this wild ride ends, it seems like the big pharma chains are circling and the alcohol players have to be as well. I think Bruce might want to take them on, but they might offer him something he can't refuse. The path forward is very clear now at the federal and provincial level, maybe they want to see a year of sales before they step in. Thisa ve a good thing because I believe the demand is going to blow estimations out of the water.
Isreal speech