Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Because theres too many questions! I was hurting for money. Im a patient and love Canopy but I want to know exactly how retail and online sales will be set up. I bought at a time when a monopoly for Canopy looked probable. Now theres so many competitors I was filled with anxiety. Also doing some Elliott Wave analysis led me to believe there was a correction ahead which there was I just made the mistake of not buying back in at ~17 after selling at 20.6. Plus i wanted to get nice gifts for my family.
Im kicking myself for selling at $20.6!! Congrats to all Canopy shareholders!!!!!
Wow! Broke through $23 and shot up to $27. I was wrong. Trumps announcement about protecting state laws brought tons of money into this stock! Congrats to all WEED shareholders!!!
I wouldn’t be surprised if it corrected back to ~$20. After that, I would look for a longer term correction to $17. Still, anything can happen but I think Canopy has emptied the tank for press releases and the senate hearings will be a major factor if we can break through $23.6 or not.
This is Trudeau’s baby and conservatives will test him for the rough year he’s had. “Think of the children” campaign can only go so far when legalization has major social and economic consequences.
Take my bearish opinion with a grain of salt because I sold my shares due to lack of faith in the government to run an efficient business.
The assumption that potshops will be opened by July 2018 is propping up the share price and news of delays could bring SP back to $16 range.
Its not about running it into the ground, its about valuation. This is a $17 stock thats carried by euphoria. I bought this as a diamond in the rough at $6.00 average cost. The earnings will have to really impress to keep up with the growth of this stock. Ill be happy to keep riding the waves and will buy back in after the unpredictable senate hearings are finished. Watch the tours and you can see this industry is being strangled by overzealous regulators.
You people were thinking “Ontario Supply Agreement” and got Newfoundland. Too much focus on the stock price! Read Demings management theories. Buying all the land before considering the fine details of a grow op that massive will hurt this company! Bruce is an infrastructure guy. Look for leaner companies like Cronos to compete on price and undercut Canopy! CCBO wont support a monopoly, why would customers buy Canopy’s product at higher prices when others will sell the same quality bud for cheaper? Too many speculators looking for easy money. The nature of the business will make it hard for companies to have strong cultures. Constellation’s valuation was much more realistic than the ones we’re seeing now.
Lol “shock absorbers” Lets see how you absorb the shock when Bruce burns through the cash signing bad deals. Truth is, Colombia and other South American countries will crush the profit margins of Canopy and other LPs. Whos the genius who opened grow ops in a province where you pay taxes on your taxes for energy consumption? Flowers are meant to be grown in a tropical climate not the Tundra.
What price will the stock go to when the senate delays legalization?
Weird volume anomaly today. How did the price move up so much with below average volume?
It can read the future and is telling us tomorrow’s closing price, markets are rigged didn’t you know!
World famous MMA fighters Nick and Nate Diaz will be appearing at Blum dispensaries.
https://instagram.com/p/BbV9JkJnTA0/
7.5 Million Net loss. Im new to fundamental analysis. Is this related to the opening of new dispensaries?
Very nice revenues but the net loss is ugly. What gives?
Marijuana ballots being voted on tonight, earnings Thursday. Sky is the limit!! Big money are shaking out sellers before we go to the moon. Look for more selling today on lower volume than yesterday. Uptrend is still active.
Followers of the Elliot wave principle, do we appear to be in the 3rd wave of an impulse wave? Would you expect an extended 5th wave like a commodity or an extended 3rd wave like a stock?
Next week is judgement day. Bounce? Or down to sub-0.005 prices?
Earnings report will be made to look extra good. They need to open more locations in Cali before rec hits!
Earnings are big catalyst, also Nov 8 elections for marijuana legalization are up for vote.
$130M is still a ridiculous valuation for the possible upside. Irrational fear is holding this stock back, in reality the states will take care of legislation. Liberal investors (Old republicans surely aren’t buying into weed) think Trump will sink the country and are fearful. Read history and notice where there is illogical behavior in the markets, there is money to be made.
Im not saying that it will reach 0.60, rather that it will simply go on a run. We’re still looking at a 250M+ intrinsically valued company here! Once pessimism clears and various states start implementing new laws, we’ll look back at 0.19 and wish we bought more! Canadian companies valued at 120M are lemonade stands compared to TRTC.
Look at the chart history. When was the last time a white marubozu appeared? Over a year ago. 0.175 is a serious support level going back to 2015. It broke through in 2016 and ran to .60. Volume is back and the bears are exhausted. We closed the gap of 0.175 to 0.181 that was created in June this year. On top of that, there’s a MACD crossover. Its bull time baby.
Having a Fortune 500 co. invested in marijuana says a lot about where the industry is headed. Look for big pharma and tobacco to be the next ones hopping on the bandwagon. Cali will be a gold mine for Blum dispensaries! Don’t forget there are lineups out the door and major cash flow.
It’s factual. Similar revenues, Canopy valued at 2.2B market cap, TRTC valued at.... 130M? Buy your cheap shares while you can. Strong volume yesterday and no selling at the high made the first marubozu since before the election. If 0.175 is broken through it will continue to sink but we’re in the beginning of an uptrend after 2 months of bearishness.
Comparable revenues to Canopy. Canopy growth is -0.14 EPS while TRTC is -0.07 EPS. Liberal hysteria is holding this stock back ever since Trump was elected. Of course this stock will flop when libtards think the pres is literally Hitler. Money talks and their delusion will subside once earnings smash expectations.
Yesterday was end of 5th wave of a downtrend impulse. Bears are exhausted. Bulls will reign up to earnings release and beyond. The most undervalued cannabis stock on the market.
Staying above yesterday’s low is great sign. Yesterday’s pattern was a nice white marubozu. The bulls are making a stand and have ran when 0.175 was reached in the past.
End of Trump hysteria with todays indictment. Hit significant Support/Resistance level @ 0.175 and bounced. Very bullish white marubozu with no upper wick for the day. People will be looking for the next Canopy tomorrow morning!
13.75 Bid price premarket!!!!
So glad i sold this junk stock at $0.45, Bruce couldn’t run a lemonade stand... His crazy schemes will land him in prison one day!
There was an hour long video pumping all the US stocks that I watched. I saw the gains that shareholders enjoyed back in 2014. Did more research and TRTC seemed pretty solid.
The next financial report should be pretty impressive with the high demand in Nevada, right?
Why is volume dropping?
Colorado vote in 2014 took time to affect pot stocks' PPS. I believe it was in the new year that surges started occuring.
Yes, it just seems crazy how overvalued it has become from the US election news. I was hoping for more time to accumulate before it took off next year when Canadian legalization happens.
Sorry I meant to say NOT exporting to the US will be costly. Trump seems like he is interested in blocking transnational trading with other countries.
Are you preparing in case the bubble bursts? Theres so much fictitious value in this sector.
$1.00 CAD is worth $0.75 USD! Exporting to US could be very costly one day. Canadian dollar will only continue to drop as Trump is in office.
Will Canada's market be able to fill the big shoes investors have put on CGC's future valuations?
With the amount of competition and home growing, it will be interesting to watch it all play out.
BAYER and MONSANTO will crush these small time green thumbs once they get into the market and make GMO marijuana
Relying on courier services to get product to customers may have its drawbacks if legislation changes the recreational and retail guidelines for MJ in Nov
LONG CANDLESTICKS BABY... and boom goes the dynamite
How much dilution is going on here? Im hoping the rising volume of trades are leading to a boom soon !!!