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I’ve been in and out of Organigram since 2016 and am holding a long position now but I’m sure you know it’s still illegal to export cannabis products from Canada into the U.S. as cannabis is not legal on the federal level in the US.
Due to the hodgepodge of mj laws in the U.S. many American investors are still hesitant to invest in a pure cannabis play no matter how good the financials or the prospects. OGI will probably continue to go sideways IMO until we get a capital investment or a jv with a reputable non-cannabis beverage, cpg company, etc. I’m holding and expecting a PR to come out any day now.
Great article. Wow!
The run up to double digits starts now and will continue for the rest of 2019 with some nice pharma grade contracts IMHO.
Excuse me if this was posted already but here’s someone who doesn’t pay attention to shorters and ambulance chasers:
https://www.google.com/amp/s/www.cantechletter.com/2019/04/village-farms-is-still-undervalued-gmp-says/amp/
MEDIF, LABS should be coming out with some news very soon IMO after VGW’s score.
“We recommend investors to stay long and believe this stock is the best way to play the cannabis extraction space”. That’s what I’d call a glowing endorsement!
Happy to get in under $4 USD. Great company, very well positioned.
Macho Man, love it! Probably a good representation of VFF investors, lol.
81 years is long enough, lol! Come on Texas, yee-haw!
Watch and follow live: Texas lawmakers to debate hemp and marijuana bills 2 pm. https://www.dallasnews.com/news/texas-legislature/2019/04/01/watch-follow-live-texas-lawmakers-debates-hemp-marijuana-bills
Markets just beginning to react to the news.
The gap has been filled, the bottom was reached IMHO. Added on a few hundred more at 13.07. Texas hemp coming, U.S. federal legalization coming. Only one way to go now and that’s up!
Once the Texas Hemp Bill is passed establishing a hemp program in Texas and clarifying the legality of cbd oil I look for a jv or capital investment from a major food or beverage company. That should catapult this into the 20’s IMO. Holding long $Vff!
There almost seems to be a sense of urgency in the way Mike is expanding hemp production in Mexico and the U.S. IMO. Could a jv and/or a capitol investment already be in the works?
Good call Fox! Hope your other predictions are just as accurate. I’m thinking we could touch half of that by end of year. $VFF!
Bring on the licenses and Texas legalization! This could be the future “Amazon” of the cannabis industry. Just waiting for the snow to melt so I can pull out my lawn chair. :)
You got that right Cheap and while I’m at it I’m going to hoist one for the “amigos”, MADD, Merc and Cheap. I’ve been in and out of VFF and emh since the inception of Pure Sunfarms back in June 2017 (back in at 8.70) and you guys were right all along!
Picked up a few hundred more shares on the TSX today through Fidelity International trading. The fee was a little higher but I was able to average down. I expect this to run once back on the Nasdaq. Might be a small dip after open but won’t last long, IMO.
Maybe Coke will partner with Village once hemp production goes legal in Texas. Just dreaming.
The 4-1 reverse split would only be if alef was trading at $1.00 American as $4.00 is required to list on the nasdaq. Alef is approaching $2.00 now so that would only be a 2-1 r/s. The ceo said in a recent interview that he wants to uplist organically so there might not even be a reverse split.
Your math is a little convoluted. It’s not .8377 x dollars it’s .8337 x the price of an Alef share. For example: emc closed on Friday at $1.27 a share U.S.. alef closed at $1.908. If the merger had taken place on Fri. emc shares would be valued at .8377x 1.90= $1.598. That’s a gain of .328 per share. Then multiply $1.598 by the number of emc shares you own and that dollar amount would be converted to Alef shares at $1.908 per share. That’s a lot more shares of alef than you would have been able to buy at $1.27 per share before the merger.
They cancelled their LOI to buy Natura Naturals back in September but stayed with their original 9000 kg supply agreement and $3 mil investment.
Motley Fool says EMC/ALEF poised to be a top six producer!
https://www.fool.com/investing/2019/01/17/this-no-name-marijuana-stock-is-about-to-become-a.aspx
One thing we can clarify is that its Emblem that will be receiving a premium on the all share deal, not the other way around.
What can we do? We can remain a penny stock or be a part of the biggest medical cannabis network in Canada with a great ceo and management team, IMO, who are planning on uplisting to the nasdaq.
CEO says delay on RS, will grow stock price organically. All good, Aleafia strong!
Results of special shareholders meeting: https://globenewswire.com/news-release/2018/12/06/1663219/0/en/Aleafia-Announces-Results-of-Special-Shareholders-Meeting.html
Good point. I’m wondering how are we going to meet the market cap requirement for uplisting to the nasdaq even if we meet the stock price requirement after consolidation? Long on Aleafia.
Every time I’ve panic sold in the past the stock ended up doubling a month or two later. Not making that mistake with Aleafia. Waiting for financials on Nov. 26th and more news.
Aleafia doesn’t have one billion outstanding shares and the nasdaq is not the nyse.
Letter from Chairman Julian Fantino: https://www.aleafiainc.com/investor-news/chairman-letter
Agreed. Less dilution, bigger gains. This isn’t just an r/s, it’s an r/s combined with an uplisting to the nasdaq.
Jeff Sessions resigns.
Why the halt in trading yesterday? Was it the uplisting, Serruya JV, a buyout?? Inquiring minds want to know.
Weeeeee! Go Aleafia!