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$AGEEF Halo Labs. A US based cannabis extraction company, $12M per quarter in revenue and more extraction contracts are coming in. This has only been on the OTCBB for less than a week but when revenues are reported I see this making regular trading multiples for a cannabis company. They are trading at 1.5x earnings but the industry standard is 5-6.
They will be working on their current California contracts, and in short order they are going to be opening an extract facility in Canada. There is a lot of gains to be had as word spreads about Halo Labs. Halo is also one of the only 52 licensed companies in California and has presence other states too. Keep an eye on this one.
Disclosure: I have 150,000 shares of Halo Labs.
The news train took a break with the Gravitas Conference. Lets see what comes up next. There is so much more to come, this stock hasn't seen it's heyday yet. There was mention of more supply contracts, as in multiple one before the last one. We should be seeing more agreements as this company goes towards that $90M run rate.
I believe AGEEF - Halo Labs will be a savvy investment once they hit their $90M run rate. Contracts for their cannabis extraction have been coming in. Have a look if you are interested in newly listed OTCBB companies. This will take off.
AGEEF, Halo Labs is newly listed on the OTCBB. In Canada, it was getting several million shares traded per day. This is a cannabis extraction company sitting on the edge of California's green triangle. They are at a $50M run rate with current contracts, and they have capacity to double it. Contracts have been coming in hot lately, this should begin to run
It has had decent success with Canadian investors, and now I am thinking with the OTC listing, they can operate in their homeland.
The sister listing is on the NEO exchange in Canada. Halo Labs will be very hot in the coming months.
Hold some of this company and wait for their revenues to increase. Their projects are high capacity and MJ producers are needing extraction companies.
Can anybody clarify why medicinal patients will be able to grow their own marijuana and is it mainly an access issue? I just don't know, I have prescription medicine, but if I were to try to make it at home I could be in big trouble for making say, opiate painkiller pills after a visit to the dentist. Dexedrine and Adderall has a safe profile, and people may be prescribed 10's of milligrams per day, but it's not like you can just start making enough amphetamine at home to last you for a month of 50 mg doses.
I do not mind what happens either way, but wouldn't the Allard ruling if positive be one of the only instances where people can produce their own medicine as prescribed by a doctor?
Looks like there are about 700,000 veterans in Canada, and I wonder just how all the ones that use MJ go about it... The chart focusses on 1000 that are covered for MJ, costing about 12 million but to put it in perspective, there is about 770000kg of marijuana consumed per year. I'd say cutting back on the veterans will not make a dent, and were they even being supplied by CGC in the first place? Only one company states how many veterans it supplies, and they might have the veteran market almost exclusively, who knows? I guess you could try to play this news, but I think it is minor in the scope of things.
Sure there is one company that claims that 20-25% of its business is veterans but the question is, how much will the reimbursement be cut? Is it even ethical to downsize? The article states at the end that it is a minor headwind...
Once MJ is legal and people are buying recreationally, the question is whether or not pharmacies will be able to expand to dish out pot to recreational users. Will the classification between medical and rec users be differentiated? I think so, maybe pharmacies will provide a preferred route of access for medical patients who aren't growing their own, and recreational users will have to buy from storefront locations. Maybe a medical card will just let somebody just cut in line. Either way, the one sure thing is that LP's will be the main suppliers for decades to come after legislation settles out.
Either way, tweed dispensaries or the few dispensaries that will be left after the crackdown, are going to be supplied by CGC. No matter how you spin it this is a very positive article.
What I would like to see in a few years would be a cap on the amount of licenses health Canada can issue. Existing producers would be grandfathered in, and few new companies would be allowed to start only when production is less than, for example, twice the amount of marijuana needed.
That is a good point, but I know that there are other factors in deciding when institutions will buy, especially with a relatively short track record. It is all about timing for these guys, and they know we will trade sideways between 2.55 and 2.80 for a while unless accumulation builds up.
Actually cancel that, were just going to blow through that. Looking at the volume now, this bitch ain't stopping for any red lights.
Judging by the spike during elections when the liberal party won, I'd say this is a very safe buy until AT VERY LEAST $3.00. After that I'd check volume and make a more informed decision. This is looking very good.
I myself hope to see a SP of at least $4.20 today...
Okay, but the test is flawed. These guys should buy their own LP weed, because depending on hundreds of random people to send in marijuana completely makes the study void. What if the weed is mixed up or somebody maliciously sends in poor quality homegrown and labels it as "LP's finest"?
Local dispensaries are backed into a corner right now and I would say they might do anything to make themselves look better.
So congratulations on the pseudo scientific test using legitimate testing equipment but a flawed testing frame that can be biased by any number of people for various reasons.
What a total shit for brains method... Do they also test Street weed and dispensary weed for claimed potency? How much weed, in grams do they test? Do these monkeys even know how to figure out how much they need to test before they can honestly claim a rounded batch potency?
Good day so far, and just a heads up that Aurora released its 24% cbd, 0% THC strain just now.
Time to hold on tight, why would an actual scam buy rights to Interstellar and GI Joe? These guys are at the point where it would make more sense to buy a few more decent movies and go big for the ride up rather than pumping harder. Guess we'll see if these guys are legit, a scam, poor, or incompetent. Poor and incompetent are the two options that should scare regular and short traders alike.
So what? If 4K "is still stupid" and people can notice only a marginal difference, 8K is a level that all of us would agree is absolutely pointless to upgarde to. 4K is fresh and new, its hayday is still ahead. The way 4K and 1080p are battling it out, do you think 8K releases are going to be remotely hot? The answer is no. At least until 4K runs its course later this decade... This is the the theory of diminishing returns, if the difference between 1080p and 4k are small but noticible, the difference between 4k and 8k will be zilch.