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Something must be up when even Chris Parry is thinking about owning shares of CGC...
http://www.equity.guru/2016/11/10/canopy-growth-corporation-cgc-t-is-canadas-first-billion-dollar-weed-company/
I too sold only 1/8 position (for the first time!) attempting to flip and have serious sellers remorse. NEVER AGAIN! Would rather watch my paper profits disappear than deal with the stress of when to sell and buy back.
So looking forward to nice, boring consolidation! The sooner the better. Gawd stockhouse is bipolar.
I'm curious Tothe - did you end up buying back above $3.10 for this latest run, short at the top or miss out altogether?
I see Tothe is finally back and STILL calling $3.10. Lol I'll go ahead and call that this doesn't break $4.
On another note - Rick Mercer come visit Tweed in Smiths Falls! While you're there... talk to some police officers across the street about how they like their neighbours, maybe bump into Snoop Doggy Dogg and watch some chocolates being made together once again in the one and only Hershey Factory courtesy of our main man Mr. Willy Wonka of Weed aka Bruce Linton. That would be amazing once rec hits.
Lol I see what you did there. Indeed! Tothe top we go! Last I heard from him he was waiting for $2.80...
Meanwhile the MA(50) is now getting closer to the bought deal price. We tried to tell him $3.65 was the bottom. :)
Wonder what the tea leaves say now?
I enjoyed reading his posts but he poked the little green monster too many times and then ran away.
The 'Prince of Pot' @MarcScottEmery with @jmacspeaks on the future of marijuana legalization & selling in LCBO https://t.co/yzwS1Vh5Bv
— The Morning Show (@morningshowca) August 31, 2016
Hey at least we still have cash flow + to look forward to...
Haha you most definitely just poked the little green monster.
Must be an iceberg ask (blocks of shares hidden).
Hey we tried to tell you $3.10 was never going to happen. Good luck to you Tothe and thanks for the updates. It's anybody's guess what the pps will do after fins on Monday but $3.65 seems to be support. No worries sometimes longs just know and TA needs a little time to catch up. The Force is strong with this one. Don't mess with Yoda and you'll find some good entries and exits Jedi. ;)
"You must unlearn what you have learned."
So I think this makes it 2 fires, a butane explosion and an armed robbery in about a week? Yikes...
http://www.cheknews.ca/fire-destroys-marijuana-producer-cedar-209690/
Hey Tothe, looks like today we've got ourselves a *Bullish Engulfing*. You know what that means... could go up, down or sideways. ;)
http://www.stockta.com/cgi-bin/analysis.pl?symb=CGC.C&cobrand=&mode=stock
Thanks. Not sure why accredited investors would oversubscribe to a bought deal at $3.65 if it was just going to retrace to below that? They are in it to make money and have millions on the line. Sp has yet to drop below a bought deal price. We'll see but there will be some support at that level that charts cannot tell you. Oh well if CGC drops below bought deal price so will APH, MT and OGI. IMO
U.S. cannabis activists giving props to Justin Trudeau. Canadian cannabis activists complaining about it.
Welcome to the future. https://t.co/psx0T6WQPB
— Tom Angell 🌳📰ⓥ (@tomangell) August 3, 2016
Tweed makes regular appearances on their instagram:
https://www.instagram.com/dna_genetics/
Since Trudeau election sp has never dropped below a bought deal price. Third time's the charm? Sure hope not but will be interesting. I wouldn't be betting on it but I'm a long & strong lol. :D
BD @ $2.05 sp dropped to a low of $2.05 then bounced.
BD @ $2.30 sp dropped to low of $2.40 (10 cents above) then bounced followed by strong support in $2.50s/60s.
BD @ $3.65 so far sp dropped to low of $3.78 then bounced and today low of $3.83... does seem there is support $3.75 - $3.85.
This tells me APH may be in store for a little more sliding.
Please correct me if I'm completely misunderstanding your comment (very new to TA). You think this could possibly retrace to $3.10 even though the recent bought deal was oversubscribed and in such high demand at $3.65? I would think the bought deal would provide strong support at $3.65. Glad CGC and the other LPs raised $ before traders had the chance to steal their profits from them. Not sure if CGC will make any significant correction until after fins (end of Aug.). Doubt it would last long with M&As on the horizon. But agree a small pullback and consolidation was much needed.
http://www.marijuana.com/blog/news/2016/08/dea-rules-against-marijuana-rescheduling/
Hillary Clinton has already pledged to make it happen if she's elected.
http://www.npr.org/2016/08/10/489509471/dea-rejects-attempt-to-loosen-federal-restrictions-on-marijuana
"For now, there remain two ways to change the federal government's classification of marijuana: for a host of federal agencies including the DEA and FDA to sign off; or for Congress to pass a law, and for the president to sign it."
Looks like for this to change it must be the second option. The DEA is backwards they're never going to be the ones making the progress. Didn't expect any different. At least they're allowing more research. That's positive. California vote in November could be a tipping point that opens the floodgates and leads to change at the federal level.
Haha this confirms we're not filling the gaps at $2.85 or $3.30! Woohoo! I'm glad they raised more $. I hope they use it for international opportunities.
I think people in the know started dumping CGC shares way before we even knew about the last bought deal at $2.30. There were huge blocks being dumped every day before it was announced. It totally disrupted our chart while all the other LPs were gaining momentum and catching up to us. At least it's paying off now but maybe it's too good to be true? Now the other LPs are doing deals and it doesn't seem to be slowing their momentum at least for now...
Bet Dundee would LOVE a huge sweetheart bought deal below market value right about now after dumping so many shares after the last one while dedicated Longs hung in there. Really hope CGC doesn't give it to them and a loan comes through this time while all the other LPs are playing catch up. Too much to hope for?
Near the end of this transcript when Vic Neufeld says:
"so when you compare us to every indoor grow, including those that refer to themselves as hybrid greenhouses, they have significantly higher electricity hydro costs in those four areas"
is he referring to Supreme?
So Supreme is a low cost producer but Aphria's CEO is saying they are the lowest and no other LP can compete with them in a cost war when somebody else is taking another piece of the pie (ex. pharmacy, LCBO, dispensary, etc.)
For the record I am team SL! I think their branding and quality of product will be a home run.
http://business.financialpost.com/midas-letter/podcast-aphria-inc-ceo-vic-neufeld-on-changes-to-the-medical-marijuana-rules
These guys seem to think it's a done deal as well.
https://twitter.com/NHPConsulting/with_replies
So which bank is going to step up to the plate and play ball. I like how Bruce is publicly calling them out on this. By doing so he is attempting to advance the industry as a whole and make things better for all legitimate cannabis companies.
"So far, Canopy has used equity offerings to raise capital, an expensive and dillutive proposition for the company and its shareholders, Linton said. The only debt companies like Linton’s can access comes with strings including excessive interest rates, covenants and warrants, he said."
Yoda looks like the force got to him. Bruce is trying to have shareholders' best interest in mind. Hope it works otherwise this is how much CGC has their eye on:
"Since May, Canopy has inked a deal to export marijuana to Germany, announced a joint venture with a medical marijuana company in Brazil and a consulting agreement in Australia. Eventually Linton would like to build plants outside Canada for which he estimates he’ll need C$25 million to C$50 million for the first phase."
"Linton is interested in all forms of debt instruments including bonds, credit facilities and loans, and would be happy to do business with lenders in Canada or abroad as long as the terms are reasonable. Given the size of his business, a 5.5 percent interest rate would be fair, he said."
Taking a page out of Aphria's book. I like it. CGC is the real deal.
I think Aphria is secretly (well, not so secretly) vying for the #1 title. I do think they will dominate the market and I would invest in them but what good is lowest cost producer if your brand sucks? Lol I think Awesome should move over to the APH board... they are actively trying to put everyone out of business (AwesomeSound and friends and LPs included) and they're not trying to hide it. They don't do as much for the community (patient activism, government petitions, etc.) as some of the other LPs and they're going to take over.
http://business.financialpost.com/midas-letter/podcast-aphria-inc-ceo-vic-neufeld-on-changes-to-the-medical-marijuana-rules
Lol thought of another point. At least this is just playing around with a ticker symbol and not as bad as naming yourself WeedMD...
Yup, an actual LP.
http://www.hc-sc.gc.ca/dhp-mps/marihuana/info/list-eng.php
I also like how it was a bold choice for a legitimate exchange. They are not trying to hide.
That was my initial reaction to the new name as well but great points about the other companies' tickers.
Also,
TSX:WEED is essentially
T.WEED which is actually pretty clever.
I kind of think of it as TWEED altogether. Wouldn't be as fun if it were T.TWEED plus then it wouldn't represent their other brands. At least this way it sort of just gives a nod to their original brand. I think it may grow on me. ;)
I can see why it was a dilemma for them.
He sold the day before and day of the task force members announcement. Likely when a lot of shorts were covering after Brexit (short volume was high around then and is lower now). There was high volume and he didn't tank the sp with his huge block sells. Maybe he REALLY did need the money and didn't want to scare off the big boys on the new exchange? Maybe he really DOES have the company's best interest in mind? Who would've thought huh? To all the recent Brucey haters kinda looks from here like his dumped shares were actually a gift and also accomplished shaking off some loose hands. This is new territory. We're used to us small investors always getting screwed over by those in the know and of course, only time will tell...
Guess it's best never to read TOO MUCH into these things when great stuff is in store for the company in the long term regardless.
I admit I was unsettled by the timing as well.
So it's confirmed this is for real? You seem to have the inside scoop joepub. Wow, this is great.