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This is outragous
These guys are crooks
Seeking Alpha reported today insiders of Aphria sold themselves 20,000,000 that's 20 million shares of Nuuvera for .001 per share.
That's 20 million shares for 1/10 of a penny each or a mere $20,000
Now the same insiders are going to sell their stock in Nuuvera to us (Aphria stockholders) for $5.40 per share, giving themselves $100,000,000 that's $100 million in profit...That is money directly stolen from Aphria.
What else are they screwing us on??
Here is the link
https://seekingalpha.com/article/4158361-aphria-insiders-disclose-stake-nuuveras-initial-financing-round-just-1-day-expected-deal
Spetty I'm not saying you don't raise a lot of interesting questions....you do...and you're right...we do have a right to know....just saying not to drive yourself crazy over it.....Have you called IR and asked for the info?...it is definitely things we need to bring up on the calls when they put out earnings.
hfb46.. good points however there is another way to look at it. CBW is more a funder of MJ companies, ie a minority owner...and the companies they are associated with are spread accross Canada. So if proviences chose internal companies it is the companies themselves they choose not their backer. So if they go internal that may be a big advantage to CBW having so many fingers in the pie.....if they don't go internal we are just as well off.
Another point...When CBW was up, it was the greatest stock in the world...now it is down for reasons that seem to me to be sector specific and everybody is ready to jump off the wagon.
This board isn't going to affect the price one iota so I don't care what other people here do....but for trading going forward it seems they would be better off to not use the grasshopper approach in whatever they buy in the future...just trying to help.
Spetty there are too many people who buy a stock and then watch it tick by tick and get all nervous with every little jerk. I have a lot of MJ stocks on my screen and they were all red today......relax, nothing has changed.
Rev that is exactly what I am thinking....If they keep talking about June as the legalization month things will really start to heat up around the 1st week in May.
Bottom line if you are holding Wheaton then the only thing that seperates you from money is a little patience.
There's going to be a couple periods of price gift giving leading up to Canadian legalization...this is one of them.
Wheaton should have lotsa support at $1.20USD (warrent conversion price)...if it goes below $1.20 that is either panic selling (a real buying oportunity) sector malady, or market/economic conditions.
jmo
Less than 1% of warrents left to be exercised according to someone who spoke to the company.
badog...oops sorry I thought that link would open right up for you...sorry if it didn't
My thoughts on the warrents
The company extended the conversion period until 2/20
A) Bad......because the warrent holders are not converting the warrents to shares...I guess they are not converting because the price of the stock is too close to the conversion rate of the warrent...ie very little money to be made, or they don't want to own the stock at $1.20 USD.
B) Good...The company might release some positive news in the next couple days to drive the price up so the warrent holders have a reason to convert.
Anyone else have any ideas on this?
badog this might help explain it.
https://seekingalpha.com/article/4135989-complete-cannabis-guide-1-production-cost
As long as the stock stays above $1.20 USD or $1.50C the warrants have value and will/should be converted.
Weather the stock they convert to gets sold or not tomorrow is anybodys guess.
The warrants expire 4:00 tomorrow (2/15) according to this pr by the company.
Cannabis Wheaton Income Corp. Reminds Warrant Holders of February 15, 2018 Expiry Date
12:01 am ET February 7, 2018 (Globe Newswire) Print
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION TO UNITED STATES
Cannabis Wheaton Income Corp. (d/b/a Wheaton Income) (TSX.V:CBW) ("Wheaton Income" or the "Company") wishes to remind holders of the Company's common share purchase warrants issued on June 29, 2017 (the "Warrants"), which have been trading under the symbol "CBW.WT", that the Warrants are scheduled to expire at 4:00 p.m. (Toronto time) on February 15, 2018.
As previously announced, the Company has elected to accelerate the expiry of the Warrants which were originally issued on June 29, 2017. Each Warrant is exercisable to acquire one common share of the Company at an exercise price of $1.50. Any Warrants remaining unexercised after the new expiry date will be cancelled.
If you require assistance exercising your Warrants, please contact the Company's warrant agent, Computershare Investor Services Inc. at 1.800.564.6253.
I think those $1.50 warrents are in Canadian $ which is $1.20 US
Meanrod those warrents are to buy shares at C$1.50 which is U.S. $1.20...shares closed in U.S. today at $1.51 so the warrents are worth .31 U.S. each if exercised, that is certainly enough to want to exercise them. The original buyers didn't pay anything for the warrents they were included in the units with the stock.
Those warrents expiring 2/15 are listed at $1.50 but that is Canadian dollars which is only $1.20 US. so they will all get exercised and have some dumping going into 2/15...opinions?
Well the insiders bought $100 million worth a couple weeks ago at $1.55 a share so I think $1.50 a share is a real gift.
In interview he says Canada has 240,000 medical MJ users, using 70 million grams per year....Also says 1.4 billion grams per year are going to be needed for Canada with legalization.....Thanks for the post WW
P.S. says Kraft building will output 200 million grams per year when fully utilized.
Conference calls? conference calls???....Sun they will have to put you on the Board of directors...:)
2 weeks ago insiders bought a ton of Wheaton for $1.55...today you can buy it for $1.30...what's not to like? A 16% discount below those "in the know".
Picking up some here at 1.30
Holy cow what a opportunity.
Great post Spetty
That recent $100M offering @$1.55 is acting like a magnet.
Corum, read the news releases and filings..the answers to all your questions are in there.
Corum, basically what happened is cbwtf sold part of the company for $100M...The people who bought the $100M worth of the company can sit on the units they bought and collect 6% per annum for the next 2 years.
Any time within those 2 years they have to convert the units to stock by paying $1.55 a share.
Also if the buyers choose they can buy a additional share for $1.80 any time in the next 2 years.
Cbwtf then takes the $100M and lends it to MJ growers for a future portion of their crop.
That is it in a general sense.
This deal is not as bad as the 100M-200M share they sold in Feb and March for 2 cents, that's dilutive.
Probably a necessary evil but a shame nevertheless.
Let's go with your numbers, I like them better...lol....anyway this company is in a hot sector and doing a pretty good job of promoting itself, so facts don't matter that much.
I'm thinking as the pot stocks report their 4th qtr numbers things cool off a bit so I will be looking to add a little more at that point...the main catalyst is the Canadian legalization and that is still 4-8 months off and a lot can happen between now and then. Also keeping some powder dry in case of a real opportunity.
Boston I would give that some thought before you acted...I have seen them much worse and the stock still flew, given a little hype.
I have learned it is not my perception, opinion, or knowledge that determines the movement of a stock.
It is the markets perception.
Agreed Spetty, found some additional info on the 300,000 sq ft facility that led to a probably reconciliation of your point.
I'm sure I have to be reading this wrong...
Under Wheatons filing with the sec for the period ended 9/30/2017 during Feb and Mar of 2017 they have issued and/or committed to issue a total of 274,000,000 shares for less than 2 cents a share??
https://www.otcmarkets.com/financialReportViewer?symbol=CBWTF&id=185448
Look under "Share capital" section 11b
Crap I just went thru this with another stock.
Sun help me out here...when I go to that link what do I click on to find the streaming partners of Wheaton?
Sun that link is going nowhere.
Ok thanks
Sun were you able to find out what is going on with FV Pharma? thanks
Sun that's what I don't understand....it seems like all these companies are talking about building these gigantic grow structures. Resulting in a deluge of grass flooding the market.
And then the conversation about all the business that can be made exporting.
I would think eventually the importing countries would grow their own.
The production will center in a couple countries that have the right weather for this particular crop, right soil, cheap labor, and near easy worldwide transportation.
We may now be sitting in the sweet spot for a few years....maybe that is the pot of gold.
Could someone please explain this to me ..... On this new deal with IDP the figures stated in the PR are, Wheaton lends $12M to get 30% of the production of phase#1 which is 100,000 sq ft. The PR further says Wheatons 30% is expected to be 7,500,000 grams.
So if 7,500,000 grams is 30% of production that means total production of the phase#1 100,000 sq ft is 25,000,000 grams or 25,000 kilograms (kgs)
Aphria (aphqf) is building a 1 million sq ft grow space that is expected to yield 100,000 kgs...and that seems to be the yield rate a couple of the other large players have quoted.
So if 1M sq ft = 100,000 kgs then 100,000 sq ft = 10,000 kgs
How can IDP and Wheaton get 25,000 kgs out of 100,000 sq ft when everyone else can only get 10,000 kgs ??
Correct me if I am wrong but with those numbers if Wheaton were to net just $1.60 per gram they would have their $12M back in one year and make $12M a year forever after.
Wonder why IDP (the new streaming partner) would make such a deal?
"Bozza estimates that Canopy Growth's production capacity can be recreated for less than 150 million Canadian dollars and Aurora's for CA$100 million. Canopy Growth's market cap is around CA$6.6 billion, while Aurora's is CA$6.2 billion."
https://www.cnbc.com/2018/01/25/lakewood-hedge-fund-short-on-canopy-growth-aurora-cannabis.html
"Century and FV Pharma propose to complete a business combination by way of three-cornered amalgamation (the "Proposed Transaction")
Seems like Wheaton would be the third corner.
With a little patience this one will pay off big time.