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Then again, everyone does get to vote in November. It’s a campaign promise that worked in Canada. Why not the US?
Agreed. Financials based on medical’s top line are meaningless when expenses are ramping up for recreational’s bottom line. Anyone who isn’t buying and holding right now is clueless. This is way bigger than dot.com. Only the beginning...
Presumably all of these known catalysts are already priced into the market and no one is waiting for the dates to pass (efficient markets hypothesis/perfect information). I suppose one could argue that the vote might go the other way, but that would only produce a slight probability-based discount. Once the bill passes, that slight discount goes away and all the other known catalysts should be fully baked (pun) into the present value.
Agreed. Same here. I wouldn't have put it at risk in the first place if I couldn't afford to lose it. I like keeping my money at work instead of stuffing it in the mattress. Right now, I really don't know a better place than CGC to be investing. Management has really timed things right and played it well. Just think, Facebook is only 14 years old and doesn't even have a tangible product. Tweed actually makes something. It is an operation that I can actually understand! Those who are trying to put mature market metrics to unicorn financials just don't understand...
Keep in mind that MJ companies have virtually no access to traditional bank debt because of international legal restrictions. Equity is their only means of raising cash for expansion.
Many are inclined to think of them as "free shares," but they are actually costing you lost opportunity unless you have another investment that is returning more. That's the price you pay for reclaiming your original investment.
When I think back, it’s amazing to think that Tweed was one of the first in the MJ sector to be listed and producing an actual cannabis product, not just grow accessories or something like them. Furthermore, they did this BEFORE the Liberals were elected on a pro-MJ platform. Then they uplisted to TSX. Now, they are on NYSE... just BEFORE the final bill will pass. Timing is everything and for those of us who’ve been in since early on, this is AMAZING!
It took a call to my broker to get it fixed. Bloomberg and Yahoo seem to be another story; don’t know when they will catch up. Bloomberg at least says there is a new ticker, but you can’t find it in their search bar.
Has anyone formerly holding TWMJF seen their shares successfully converted yet? Mine stopped trading last week, but haven't reappeared as CGC. Symbol look-ups on Yahoo and Bloomberg don't find the stock. I've successfully searched for it on the NYSE page, but that's it. The symbol look-up for my broker doesn't find it either. How long does the conversion normally take?
Can anyone update me on when TWMJF will reappear as CGC on NYSE? I was traveling yesterday and it looks like TWMJF did not trade, but my symbol searches for CGC aren't bringing up anything except WEED.
Jah guide!
Gotcha now. I've been on the road and didn't realize that WEED had the day off yesterday.
Actually, not all clear now. If there was a one day lag, we'd see opposite patterns every day, which we don't. (Good, because we'd then trade based on the lag.). Could it just be high EOD volume at TWMJF that's not fully reflected in the WEED close? Today's charts pretty much follow lock-step, but one is above and the other is below yesterday's close. I thought the ADR was supposed to simply track shares traded on another exchange.
I've never seen this much disconnect between WEED and TWMJF. I assume it may have to do with the pending uplist to NYSE, but I thought ADRs were mechanically linked to trading price of the parent shares, except for currency rate fluctuations. Looks like I may be incorrect on that. Anyone have any insight?
You are correct. Trudeau does not intend to delay. BTW, thanks for link and Google translate did a wonderful job for me.
Or some major ridiculousness to a serious situation. I think the safety goggles are entirely necessary, never know when a random spark or an exploding seed or vape cartridge might take out an eye! Just be sure to have rose colored lenses.
It's such a joke that this CGC continues to fall, sometimes by more in a day than it was worth on the whole when many of us originally bought. Time is on or side; yes it is!
Yes, patience is a virtue but this is getting ridiculous. In the U.S. just yesterday the FDA had a unanimous recommendation to recognize a medical benefit for seizure patients. U.S. Senate minority-leader Chuck Schumer is tabling a bill to let states decide on decriminalization. Today is 4/20. The stock is still moving sideways. What's the problem? Is everyone too stoned to buy? I remember what it was like when the price was approaching $1 and I was 40% down, but this is getting ridiculous!
Read this in the local paper this morning. Reported by the Associated Press. There's a hearing on Thursday. This could be a final blow to the U.S. DEA holding to the right-wing fantasy that there is no medicinal value. Maybe tomorrow will be a big day. Just in time for 4-20!
WASHINGTON (AP) — A closely watched medicine made from the marijuana plant reduces seizures in children with severe forms of epilepsy and warrants approval in the United States, health officials said Tuesday.
British drugmaker GW Pharmaceuticals is seeking permission to sell its purified form of an ingredient found in cannabis — one that doesn't get users high — as a medication for rare, hard-to-treat seizures in children. If successful, the company's liquid formula would be the first government-approved drug derived from the cannabis plant in the U.S.
The Food and Drug Administration's approval would technically limit the treatment to a small group of epilepsy patients. But doctors would have the option to prescribe it for other uses and it could spur new pharmaceutical research and interest into other cannabis-based products. Man-made versions of a different marijuana ingredient have previously been approved for other purposes.
The FDA posted its review of the experimental medication Epidiolex ahead of a public meeting Thursday when a panel of outside experts will vote on the medicine's safety and effectiveness. It's a non-binding recommendation that the FDA will consider in its final decision by late June.
Yes, I added yesterday. Patience Grasshopper!
It is kind of hard to believe that there is even a single down day with this stock. It's too new to follow broad market trends. It's a safe place to park money when the broad market trends down. It's gonna bust wide open when the senate tables the third and final vote on June 5 It wasn't even close on the second vote, despite a roll call not being anticipated. All good and green going forward!
Irie!
Must be a slow day at home in the campground. There you go, trying to stir it up (lil darlin’).
These charts must obviously speak to you because you keep posting them. They may as well be Rorschach inkblots as far as I'm concerned. The long term trajectory is always up and you seem to think that means down... Very Newtonian. Brilliant. Don't try and explain, I don't want to know.
Very good point. It's actually a surprise that it's held this long below the last bought deal price. Those kind of deals don't get done on a highly speculative basis. My opinion is that the bought deals are just a substitute for traditional debt financing, which is hard to come by for MJ companies due to regulatory hurdles. It shouldn't be long before the bought deal price in permanently in the rear view mirror.
CGC and maple syrup, both the real thing. All good. Respect!
Really, so you think the longs here are just kidding themselves when legalization hasn’t even hit yet? Don’t you realize that the reason so little attention is now being paid to medical order numbers is that they are irrelevant? Give me a break. You are just wishing you still had the shares you sold for far less than what you would’ve made if you would have had the patience to hold. Step back from the vape dude, you are disappearing in the mist!
Dude! Just remember those who bought it at just above $2, saw it fall to almost $1. Look where it is now. Patience, Grasshopper, patience.
I'm amazed at the sideways/down movement over the past several weeks. There was a time when everyone was wrapped up in the order numbers for medicinal. Now most seem to realize that it's all about recreational, which is inevitable whether it is months or even years away. CGC has the cash to get there an be the leader, so it is just a matter of patience. The only thing that I can figure is that a bunch of crypto currency traders started flocking here when things went south in their sector. This isn't a place for those looking for an immediate win. Apparently they don't have the patience required to reap the rewards.
Wo: You da mon!
This is actually pretty funny. Do they really think that they are enforcing the law now?
Great to see you back!
Definitely a high volume day. Judging from multiple small orders at EOD, I say we're seeing a lot of algo trades, which is a sign of more volume to come on an ongoing basis. The past couple of days have also shaken out profit takers. Next week is a new week. It's hard to complain much when a 1200% gain drops to a 1000% gain. Go long or go home!
If the Star is correct, then we must all still be drinking moonshine. The analysis fails to recognize that there are significant costs to the black market e.g. prison time for the seller and enforcement costs for the government. Turning these costs to legal and legitimate investments in the above ground economy is a smart thing to do.
Agreed. Nice to see end of week buying with upward trajectory on price. Smart money willing to park in CGC over the weekend.
Wo, you da mon!
I'm wondering if the launch of the EFT on NYSE (MJX) might be even more significant than the TSX up-listing... The ETF launched Tuesday, volume was pretty steady the past two days and looks significantly higher today. Maybe the EFT on the NYSE is giving large numbers of investors a comfortable way to get into the sector. I've been holding since near the beginning; this week is probably the biggest run up yet. Go Tweed!
I'm just amazed to think it wasn't long ago that I was hoping TWJMF would hold about $10. Now $20 is in reach. Great week!
Any ideas on why the trading counter would show 14,400 shares being sold at 4:17? I thought the market closed at 4pm.