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For those wondering production rates. From my extensive research 800k sq ft can be expected to produce 120 metric tons/y. Currently due to acquisitions they have just over 2 million sq ft of licensed production space.
1. They have just over 550,000 sq ft. currently in use for medicinal purposes and with that recently 500,000 sq ft. purchase you can expect them to take up to a year to actually begin utilizing that entire greenhouse. The key thing here is that they are expanding very fast. That 500,000 acquisition was just a few weeks ago and with the capital increase from their market value they will probably look to buy up even more.
2. As mentioned anywhere from 550k-1.1m but who knows with acquisitions.
3. They have not release how efficient their methods are yet but the industry average is 40g/sq ft. I presume they reach at least that if not higher as they are the most advanced in the medicinal marijuana business.
4. The new acquisition of 500k is entirely greenhouse but I have no idea of the ratio of the current 550k.
Of course it is. By market cap it is far larger than the competitors so it will be the largest held of all the marijuana industry stocks. The real question is will they be able to live up to the hype and stay first.
See my reply to john on this issue. It is tax related due to the year ending. Options have nothing to do with it. Blaming banks is something investors love to do when they see red in their portfolio.
The companies were halted because of extreme price jumps. The reasoning for that is definitely people running with their profits. It was the last trading day of the year so they had to sell to make those profits realized for tax purposes. The week after Christmas and before the year ends is always extremely volatile.
This has nothing to do with news of fraud or anything concerning. These are just safeguards that exchanges have in place to ensure nothing crazy happens.
As mentioned in your reply a lot of people made a lot of money this year from the weed industry and made sure they got out in time. Tax purposes is all. Nothing to worry about.
No longer just Canadian. Everyone, as they should be, is hyped for July 2018 when Canada is expected to legalize weed. But Canopy Growth has far more potential than just Canada. Constellation Brands, the guys who own 10% of this company, have a lot of skin in the game. With that being said you can certainly expect them to use their expansive influence in the US to put Canopy in the same places they already have Corona.
This growth has been rather impressive but just remember this is all forward thinking. The market cap is not indicative of dividends or actual underlying value. If you decide to put a large sum into a company like this although it is an investment in July's decision it is also full of speculation. Stay informed and updated. Know what your money is doing.
http://www.prnewswire.com/news-releases/developments-in-the-zinc-oxide-market-649224513.html
Could turn out big in 2018 for this small company.
It is not halted. Your broker may simply not be trading it. The DTC chill ended so it should be up if you call your broker.
Every single grey market stock that trades higher than or anywhere near the dollar volume of BITCF either has a NYSE parent company or is a multi-billion dollar revenue company itself. BITCF is quite a rare find.
Easiest way to do it if you are looking to get in now is take all trades over 1,000 shares from the past hour and consider that your range.
BITCF is less tied to the price of Bitcoin and more so to the ability of their travel rewards program to work and their marijuana exchange.
Using actually makes it sound like you are contradicting me when five years is as I stated over a year. Yes there is up to five years but with most fraud inquiries you have a good idea of where the company is headed within a year.
It could take over a year for the SEC to come out with an actual case calling this company fraudulent. Securities, just like citizens, are innocent until proven guilty and even if they have something it will take time to find out.
The surge is probably resulting from the DTC chill paper finally going out to brokers. Quite a few more people can now trade in this company.
Going to be interesting to see how the crypto-dividend actually works out.
Debating the market price of BITCF doesn't really accomplish anything. This is a suspended stock on the grey market. It always goes the same and you can't say otherwise. Just on trading this stock will eventually dry up as it continues to drop lower and lower.
The real value here is their crypto assets and their infrastructure. What we really need is to analyze the real worth of the Alphabit fund(not the market price), what, if any, proprietary worth their travel agency and crypto has because we don't know whether or not someone else could just do the exact same thing or if this company already has a leg in the door with travel/hotel companies. Also the actual worth of TeslaCoil Coin which we will likely learn once dividends are paid and there is a greater liquidity.
Has anyone seen anything other than the white paper they put out? Due to the dividend going to a crypto wallet and not to a money market fund what proof of ownership are they requesting?
Where would we view trades when this thing hits the gray market on Friday?
BITCF has a large amount of assets. Cryptocurrency while not physical is still an asset. They own 95% of ETF Alphabit(ABC). Alphabit's underlying assets are worth just over 4.5 billion. On top of that they have some proprietary assets in what they are able to make. What that is worth is hard to estimate.
If all of that is true than BITCF should be properly evaluated at a market cap of approximately 4.5 billion~. If that is the case its actual worth is over 10$ per share. That isn't even speculation. Simply basing its value off of the assets it owns. If shareholders liquidated the company today they could make off with a lot of money. That makes no sense that it would be such an undervalued stock.
Even more so that the SEC would suspend it. But I can reasonably understand that to be based off the fact the ETF is based off of crypto prices.
I understand and your link was extremely useful for research. But according to the site you can buy that ETF. That tells me they might not own 200mshares and may have sold some. Is there any company statement specifying that shareholders own an equivalent percentage of the ETF by proxy of owning BITCF shares?
Spent a lot of time recently looking into all the new ICOs. What I don't understand, and I am hoping someone here can find a source to clear it up for me, is that this company owns 200m shares of the ETF Alphabit. If that is true that would make 200m out of 210m which is 95 percent of this ETF. This would give the company an underlying asset that is currently worth over 4 billion USD. And that is just the market price of the ETF. The underlying assets of the ETF are worth even more than that as the GARY coin continues to rocket up. So I guess my real question is does BITCF have full claim to the ETF they manage or is it managed under the name of someone else. If they have full claim to it that means they are worth 8x what the market last showed before the SEC suspended trading.