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12 Marijuana Stocks to Buy Now in 2019
Posted on Sunday, October 20th, 2019
#3 - Terra Tech (OTCMKTS:TRTC)
IHUB has hundreds of millions of views every day that can drive volume. They are here to insure the first articles on TRTC are as foul as possible.
Post folks or repost with comments.
I like this chart. Each column is sortable. Must be an excel chart for the web.
As for the people who think the sector is fine and TRTC's the problem - here is a link everyone should keep and use to track revenues for the majority of US and Canadian MJ firms.
I'm not sure which idiot said the sector is not at issue but this links shows that he/she/it is wrong. There are only a very few companies making money and even they have lost share price this last quarter.
https://www.newcannabisventures.com/cannabis-company-revenue-ranking/
Sadly, we will be stuck with both as some men need to bow to strength and others need their fairy tales.
Maybe AI's contribution will be the end of both.
Just saying 'No' will work less with secularism than it did with sex.
Time for the organized religions to go the way the Greek Gods went.
These days you can stand between a priest and a preacher and almost surely be fondled and robbed at the same time.
For every man like Jimmy Carter that applies the golden rule every day there are a hundred thousand amoral jerks with a six day pass to do as they please. And we all know it.
I think the 10q is around the 8th of next month.
I got my fingers, toes and testicles crossed.
Nice.
What's a laugh is our pests are not swarming over on Medmen, now those old boys got some big problems.
Don't any of the folk here that are always ragging on TRTC follow the sector? If they did they would know that several company's have had bad quarters and some are predicting the next quarter to miss expectations.
Or does the idiots think the entire sector is scamming them?
What these folks should do is find bottoms on any of the MJ stocks that have been battered down rather than follow the airheads who do not own stock in this company.
I don't think the Canadians have reached bottom yet.
As for TRTC - nothing has changed. We have a quarter coming that better show improvement:
1. The revenues need to move toward the goal of a 63 mil run rate. 2. The margins need to improve to allow the company to support itself and avoid the capital markets.
3. Any growth needs to be smart growth - I.E. - support #1 and #2.
All three of these are game changers or game busters.
Whinny drivel would be better in one of the politics groups.
"Some folks become great by being great. Others try to be great by making others look worse."
Opportunities abound if one can time the bottoms of these pigs.
It means Medmen is going down the tubes. 1.16cents a share. WOW.
TRTC won't. It would be brought out first at that price. On the other hand, your pet, Medmen just might be able to stop there. They lost 3 CFO's, lost California, Lost their major grower. They make less revenues and employ 3 times the people. Go figure.
Getting interesting in this sector. Lots of folks thought the consolidation was ending. I think it hasn't even started yet.
I would not be surprised to see a few of the smaller companies become the CGC's and Tilrays's of the future.
Today TERRA TECH CORP (OTCMKTS:TRTC) Reported Decrease in Shorted Shares
https://lampnews.com/2019/10/10/trending-stock-news/today-terra-tech-corp-otcmktstrtc-reported-decrease-in-shorted-shares/
We, investors need to convey the idea of 'No backsliding allowed' to management.
Legal Marijuana Market Set to Surpass $75 Billion by 2025; Showcasing Massive Growth During 2019-2025 (28.3% CAGR)
The key players operating in the global legal marijuana market are Canopy Growth Corporation (Canada), Aphria, Inc. (Canada), Aurora Cannabis Inc. (Canada), Maricann Group, Inc. (Canada), Tilray, Inc. (Canada), Cronos Group Inc. (Canada), OrganiGram Holding Inc. (Canada), VIVO Cannabis Inc. (Canada), Tikun Olam Ltd. (Israel), The Green Organic Dutchman Holdings Ltd. (Canada), Terra Tech Corp. (U.S.), Medical Marijuana, Inc. (U.S.), Stenocare A/S (Denmark), Cannabis Science, Inc. (U.S.), and HEXO Corp. (Canada).
https://www.globenewswire.com/news-release/2019/10/11/1928532/0/en/Legal-Marijuana-Market-Set-to-Surpass-75-Billion-by-2025-Showcasing-Massive-Growth-During-2019-2025-28-3-CAGR.html
The Emergence of Automated Harvesting Robots is Projected to Drive Hydroponic Market Growth
"Key Players
The hydroponics market is divided into two segments-system input providers and hydroponic crop producers. The key players in the hydroponic system input providers market include Signify Holdings (Netherlands), Argus Control Systems (Canada), Heliospectra AB (Sweden), Scotts Miracle Gro (US), American Hydroponics (US), and LumiGrow (US). The key players in the hydroponic crop producer market include Aerofarms (US), Terra Tech Corp (US), Hydroponic Farms (UAE), Triton Foodworks Ltd. (India), Urban cultivator (Canada), Village Farms (Canada), Green Sense Holdings (US), and Iron Ox (US)."
https://www.nbc29.com/story/41165847/the-emergence-of-automated-harvesting-robots-is-projected-to-drive-hydroponic-market-growth
And those investors will flock to companies in the MJ sector who can fix their balance sheets. Terra Tech has a six month jump on it.
Which is why being a first mover helps in this one instance. They hit the realization first.
The realization that the reoccurring debts they were carrying could not be carried to the finish line of legalization.
No backsliding allowed.
There could be some decent rebounds coming. Today is nuts. A couple of way over valued companies drop their expectations and you'd think Pete Sessions was picked to head up the AG.
I hear Pete is 'congressman 1' in the current FBI arrests on the news today.
Amazingly some think the losses today are confined to TRTC. Cresco and Medmen are competitors in California and both are getting crushed today yet we have the nutcakes on this board.
TRTC started dealing with it's issues 6 months ago. Medmen, Cresco, and the rest are either just now coming to the fact or still in denial.
TRTC holding while it's competition in California is getting slammed.
MedMen dropped M&A plans with Pharmacann, fired it's third CFO, and stopped buying product from Aphria.
Shorting the heck out of the Canadian MJ stocks. It will hurt the entire sector including TRTC. TGOD under a buck at .90 WOW.
HEXO may go under 3 bucks today. Must be from the possibility of the state owned retail shops going to business owned.
I hear WS funding is getting impatient may be withdrawn from lots of the Canadian MJ companies.
Could be great news for US MJ stocks if the banking bill passes.
Small Businesses Face 6 Challenges in the Weed Market
Good read.
1. The weed market is unsettled.
2. Priced out of expensive technology needed to compete.
3. Weed market regulations are tough to navigate.
4. The industry is consolidating.
5. Licensing is slow and expensive.
6. Weed market competition is growing.
https://www.greenentrepreneur.com/article/331483
I'd bet you knew the buy back was a trade. The end results of the buy back may be great or they may not depends on if it drops the OS and increases volume, in my mind.
If the OS drops to 65 mil what would the share price be?
I'll wait until the 4th quarter results and watch for more improvements in the 3rd quarter. The plan was for a 63 mil run rate, or about 15.75 mil a quarter in the 4th quarter and margins high enough to allow the company to self finance without going to the capital markets. Derek has come to the realization that margins and smart growth may save his ass. The rest of the CEO's will be getting there in the next few quarters.
Most everybody, including me, thought this was going to be a 100 yard dash in 2015 but it's turned into a marathon and lots of these companies better come to that realization or they will die on the vine. The latest one to figure it out was Medmen - growth is not more important than survival.
If Derek follows the plan and can self fund then I'll probably continue to stay until legalization or a little after. If it doesn't I'll look else where. Probably buy land with what's left and say good buy to the stinky pinkies.
At the rate the Canadians are falling apart I might be able to get some CGC for a buck a share or ACB for a quarter. Who knows with all the shorting going on with the big MJ companies.
Good Luck.
Research Suggests Marijuana Is Competition For Alcohol, Not Tobacco
https://www.forbes.com/sites/traversmark/2019/10/08/marijuana-legalization-poses-a-massive-threat-to-this-industry/#1296f1e85c3d
Looks like a blood bath except for a few MJ stocks. MedMen down 13.66% for ending the M&A and plans to rule California.
Cresco also struggling with debt. Looking better and better for TRTC if they can pull off their goals of self sufficiency by 4th quarter by increasing margins and revenues.
The $680 million acquisition was the U.S. pot industry's biggest when MedMen Enterprises announced it a year ago. The combination of the Beverly Hills -based MedMen with Chicago -based PharmaCann would double the California company's markets.
But on Tuesday, the two companies terminated the deal. And MedMen will replace its chief financial officer for the second time in a year. The Canadian-listed stock (ticker: MMEN. Canada ) is down 8% this morning on the news, to C$2.10 .
MedMen has cut a glamorous, if deeply unprofitable figure in America's legal weed business. Its shops were luxurious and sleek; its founders rolled in custom Cadillacs and Teslas supplied by the company.
But California lawsuits filed by early investors and a former CFO alleged that founders Adam Bierman and Andre Modlin were spending the company's cash profligately. The company has contested the allegations. It ran up more than US$ 220 million in negative free cash flow on $88 million in sales for the nine months ended March 2019 .
Story attributed to:
william.alpert@barrons.com
Terra Tech has already began it's rebound. The Canadian stocks are still in their bubble.
ETF change their holdings all the time. With record shorting going on in the Canadian market and poor earnings, state stores reporting losses companies like TRTC which are already at their lows and these stocks will be what fund managers will be looking for as the worm turns.
Anyone who thinks Canada will be the go to place for MJ needs to look at their track record.
What are their largest employers? American industries.
What are they known for? Having very low productivity rates.
What is their claim to fame? It sure ain't Hockey!
Ontario And Quebec's Cannabis Retail ‘Nightmare’ Threatens Industry, Experts Fear
As stock prices swoon, some marijuana companies are facing a cash crunch.
https://www.huffingtonpost.ca/entry/cannabis-retail-canada_ca_5d9b4998e4b03b475f9d242e
The Ontario government lost $42M selling cannabis in the last year
https://www.cbc.ca/news/canada/toronto/ontario-cannabis-loss-1.5282994
The cannabis stock bubble is bursting: Here's what you need to know
Folks will be shedding Canadian Stocks as they run out of funding.
https://www.usatoday.com/story/money/2019/10/08/cannabis-stock-bubble-bursting-things-you-need-to-know/40276377/
Study Funded By Feds Debunks Myths About Marijuana Legalization’s Alleged Harms
The Department of Justice paid for a new study on the impact of marijuana legalization that ended up showing cannabis programs do not seem to negatively affect neighboring, non-legal states.
Science wins again.
https://www.marijuanamoment.net/study-funded-by-feds-debunks-myths-about-marijuana-legalizations-alleged-harms/
Cannabis Countdown: Top 10 Marijuana Stock News Stories Of The Week
9. Former Wall Street Bankers to Raise Billion for Launch of Bottom Picking Marijuana Funds
Former Wall Street bankers from Deutsche Bank and JPMorgan have big plans to launch new funds geared towards taking advantage of battered marijuana stocks.
“We love messy, choppy markets. I think the current duress in the public markets will be good for us.”
https://finance.yahoo.com/news/cannabis-countdown-top-10-marijuana-142722212.html
SEC green light prompts rush into marijuana ETFs
This is a big deal.
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https://www.ft.com/content/38ea2478-cff3-11e9-b018-ca4456540ea6
Marijuana ETFs are rushing to list on US exchanges after getting a green light from the Securities and Exchange Commission.
Provided that marijuana exchange traded funds can show an independent legal opinion that no holdings violate federal law, they can now list in the US, according to the SEC.
https://www.ft.com/content/38ea2478-cff3-11e9-b018-ca4456540ea6
Marijuana Stocks Face Headwinds, Including Sales Slump, Says Analyst
Or why Terra tech is a better investment than Canadian MJ stocks
The outlook for Canadian pot producers got another shade darker for BMO Capital Markets analyst Tamy Chen. She slashed her forecasts for sales and cash flow across the industry after concluding that most producers will continue to suffer negative cash flow next year.
https://www.barrons.com/topics/marijuana
Where TRTC is today - trying to find a path to profits with improved margins and smart revenue growth - is where the Canadians will be in a few quarters as their funding dries up.
Gee, does that mean our paid flea circus will go unpaid?
8 Reasons Why Marijuana Should Be Legalized
https://www.thoughtco.com/reasons-why-marijuana-should-be-legalized-721154
Marijuana's "Big Four" Lost Nearly $14 Billion in Value During the Third Quarter
Canopy Growth: $6.05 billion.
Aurora Cannabis: $3.49 billion.
Cronos Group: $2.33 billion.
Tilray: $1.77 billion.
Yet some think the problem is all TRTC's and ignore the real issues - the elected failures in the leadership in the Senate and the White House who refuse to pass any of the 250 bills passed by the house related to the people's business- Marijuana legalization, Medical Costs, Infrastructure, Prescription Drugs, Mass Shootings, College Costs and Climate Change are all sitting on Moscow's desk.
CBD Products Take the Lead as Knowledge of Medical Benefits Spread
Terra Tech Corp. (OTCQX: TRTC) operates through multiple subsidiary businesses including: Blum, IVXX Inc., Edible Garden, and MediFarm LLC. Terra Tech Corp. recently announced that it had broken ground at 620 East Dyer Road, Santa Ana, CA, following receipt of the necessary permits from the City of Santa Ana which allow construction to commence. The Company is developing a large scale, one-of-a-kind cannabis complex on East Dyer Road, which is adjacent to the 55 Freeway and acts as an entry point into the Southern California marketplace, allowing the Company to benefit from the areas high population density and traffic. Chief Executive Officer, Derek Peterson, said, "I would like to extend our thanks to the City of Santa Ana for its ongoing support as we advance our plans to build out a Blum-branded retail dispensary at our East Dyer location. We are also developing a cannabis event center, which is anticipated to make us a highly sought-after destination in one of the country's most important cannabis markets. The Dyer Road facility is in a densely populated area, with approximately 4,100,000 residents living within 20 miles of the location. It also benefits from a high level of tourism due to its proximity to Disneyland, another major Southern California attraction. This is a very exciting project for us and we expect construction to be completed in the fourth quarter of 2019."
https://www.ptcommunity.com/wire/cbd-products-take-lead-knowledge-medical-benefits-spread.