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I'm not sure how this could be overvalued at .60c/sh if they have $42mil/quarter in revenue. Would this not be undervalued?
what am I missing here?
Bottoms Up
Closed up two fridays in a row,
nice reversal
November financials should be $70m for first merged quarter, maybe full merger fins in Feb?
Current $54m marketcap and $280m revenue per yr after merger??
Hmmmmmmmmmmmm......
I had no idea T.Chong was Canadian
too aggressive, too soon...
in the wrong way
Glad I got out at $13....
And glad I glad I stayed out
2012 to 2019 were great yrs
It took tech 7yrs to bounce back
Canna probably the same, say 2027ish
Next 7yrs is toilet juice
... and that means
Cash is leaving the building.
Kinda like Elvis, Heartbrake Hotel
Its gotta suck if you're long....
unless you just started buying at these levels
Replace Terry Booth next??
New CEO, just like Canopy.....
Wow! Lucky I sold a few yrs ago
I wouldn't stomach any of this. 5% is all I would be willing to lose. Either stop loss it, or watch it like a hawk.
Not good you got in over $10!
I saw things collapsing and sold in Feb at $13cad, been out since, watching. I have a 7m slide rule I follow +2m thereafter.... seems to have worked for me.
I love ACB and this industry, but seems the best companies are the ones that are profitable AND didn't overspend using shareholders money.
In Canada, hemp was legalized in 1998, medicinal mj semi-legal in 2001. It wasn't until 16yrs later that mj was fully legal in 2018. I anticipate a similar proceeding in USA. Things work differently in USA, lots of politics Dems vs Reps. But it will happen, this is the trend. The farm bill in Jan2019 was the start. It needs time.
Having said that, so long as ACB focuses on raising sales & lowering its costs it is golden. I do believe USA will legalize, it is a global trend, especially for medicinal.
The whole industry went way a head of its true valiations, lots of hype. Sh. prices are only now coming back to reality with under 10x valuations.
Minimum 2yrs for USA to legalize, but I'm not even holding my breath on that. It will be interesting to follow.
Hang in there, avg down if you can but wait a while to do so.... personally, I see more sliding. Sorry. Just my opinion!
Its a mudslide, -5% now in Frankfurt
Frankfurt ACB down again -4%
Dam good to know about that cbd rulig
thx
... was thinking full legalization 2 to 5yrs from now.... not soon at all
But, there is a lot going forward
Possible USA legalization
Ontario permiting more dispensaries
Hemp production
CBD
EU distribution
Can you add to this list..?
... down anothet 10% tomorrow?
Stops building facikities
Cash crunched
Lower revenues
Not profitable
Amended debenture conversion
Can you add to this list?
Frankfurt down -7%, sliding
... now -0.5%
uncertainty or profit taking?
German market up only .04%
Is the dumping starting?
hope, the reason for this run
My take is this will run until peeps realize that nothing in Congress was actually accomplished.
It is simply a very good direction, historical at that.
Profits are still down - hype is going up
So, go figure.....
Aahhh ok. So, then in what time frame would a House debate occurr for a full vote?
Seems each of these stages would result in vol/price spikes
So, I guess all we can say at this point then is that its a very good direction but doesn't mean much, but it does :o)
How long would you figure this whole house-congress-comittee-president process takes?
Seems like another 2 or 3yrs??
Thanks Player, good to know!
Thats it, man. Volume & Price both went up within 1hr of the announcement made on Tuesday that Congress was voting to legalize weed.
Since end of day Tuesday up up ip
At the very least, medicinal mj should be considered by Senate/President
Its a very good direction
How can you not know what this is about??
US Congress 24 to 10 historically voted on legalizing weed 2days ago, this doesn't happen every day.
Next up Senate, then Presidents signature
-0.457CMF today, well done!
Nice bounce
-0.40CMF... its bound to happen
the carnage,
the game,
... the opportunity??
Sadly ACB is priced right now.
$70m/quarter = $280m/yr
$3B marketcap
11x multiple
About right... no longer over inflated
Unfortunately, I still see more downside
Good luck!
-0.40CMF, getting closer
With all this major dumping we could get there?
Glad I got out at $13!
Whoa!!!
Am I reading it right?
Next major support level is $3cad???
That's one heck of a drop
Up Parascope.
this is so interesting
-0.40 CMF coming??
So... ACB goes up 50% every quarter and people cry the sky is falling
$150mln rev in Dec?
Any thoughts on Australis?
Wondering about Aurora's assets in this company... is AUSA really the key to USA market for Aurora?
I believe it happyglass
My nephew died 5yrs ago from alcohol
Seems Aurora is only selling product while Canopy is building a brand
How many more famous people partnerships and amazing company deals is Canopy going to make??
Products never survive longer than brands
$50mln - $55mln, ACB already said this is what they are going to post for this earnings........ so why is there any speculation, its already priced in
Why do you peeps keep talking about mold in Canadian weed? I've never seen it.
Especially now that its regulated, it doesn't happen, man.
Cold weather and humidity problems in Canada?!? C'mon, man..... have you all not heard of HVAC = Heating, Ventilation & Air Conditioning. The whole world relies on HVAC, not just Canada.
Crazy, enough already with this stupid mold talk, its in your head! Let it go, move on
"... dolla, dolla bills y'all!"
Kenny Powers, Eastbound & Down movie:
"So as I was saying, the amount of money I am gonna be making would hurt your parents feelings. You remember the class where I taught you all how to make it rain? That’s what I’m gonna be doing every single night – dolla, dolla bills, y’all…"