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Up 21% today. why?
Mark Twain is very good but
I prefer this one.
Two things are infinite: the universe and human stupidity; and I'm not sure about the universe."
Albert Einstein
No need to make this personal big guy.
This is my business. buddy.
What do you like then?
Or if you are down on the entire sector, move on to greener pastures.
Let's all try to stick to FACTS, and provide links for your OPINIONS. ty
Yeah, let's replace all of the CEO's of all of the MJ companies and replace them with chatroom geniuses.
"WOW..Aurora Is Trading Less Than $1.00-->R/S Coming...EOM"
This is the TGODF board , Big End
Part of the problem is that the News Division of this board is infected by the Editorial and and opinion writers. Reality is distorted, twisted and most ignored to make their editorial/opinion points
One can make a point without the snark, I believe
So, this is what green looks like, huh C-P? I vaguely remember from "long, long" ago and far far away in a better, happier time.
I still disagree with much of what you write. I will stick by my .94's bought yesterday and January 2022 1.5 and $2 calls. We'll see what happens. Have more funds if the PPS drops again.
Why 30 days? Doesn't ACB get 6 months after the 30 days have passed under $1 to bring their PPS over $1 to before getting kicked from the NYSE?
The only place I have seen RS discussed is on this board. Plz, anyone, post anything with a link from the company talking about the possibility of a RS? thanks
I am buying the January, 2021 $20 calls.
I like the odds of a recovery to those levels and above before then.
I saw him this morning with Waldo. He says high to everyone. :)
CBWTF for .27 cents a share. You'll look back at these prices in 6 months in disbelief that you didn't buy more.
Lots of very good, smaller LP's like Auxley are my main focus right now.
"The good news is: The $2 Call Options are really cheap today."
And for .03 more per contract, you can get January, 2022 1.5 calls. :)
"If Canada Never Legalized Cannabis in the first place - all of the Long-Longs would be a lot richer right now."
Not true. I made a lot more (and took profits) on the run up to legalization, and in the Spring of 2019, then I have lost in the past 10 months.
"Does anyone really think people are going to rush-in and invest in Cannabis after how the Cannabis Companies performed in 2019?"
I just checked the Farmers Almanac: Apparently, the tide rushes out and then the tides come back in.
No pump. Just a fact.
For the first time, TDA did not process my Friday deposit into my trading acct. and they don't answer the phone. Way to go. Maybe for the best as tomorrow may well be cheaper than today.
Added what I could at .94
"Next, we are asked by a judge
So Mr Doe, you are telling the court you had the opportunity to have made a substantial profit, but chose not to?
So In that case my next question is sir...….did anyone in ACB management hold a gun to your head, and say … YOU CAN NOT SELL?"
No, no gun to my head.
No knife to my gut.
I don't even think ACB blew smoke up my a**.
All but a few anywhere were expecting and forecasting tremendous demand and growth for MJ in 2017 and 2018, leading up to legalization. ACB management wasn't and isn't some sleazy get rich quick operation.
ACB had a bold plan and they executed upon it. They have built the most advanced indoor growing facilities, with among the lowest costs per gram and have among the highest rated and top selling products across most provinces.
They made the necessary decision to pause construction on finishing hundreds of thousands of additional sq. feet of grow space in Canada and Europe. But the structure is in place, and they will have the ability to scale up as the European, Canadian and U.S. markets expand.
ACB is more than their efficient grow facilities ACB is also an extraction company. ACB is also a craft grower. ACB has among the largest, if not the largest employees in Research and Development.
ACB will soon be a major distributor of MJ in the newly opening market of Mexico.
The temporary suspension of sales in Germany was seen a harbinger of doom.
Putting the "extraneous" greenhouse up for sale was taken as a dark sign that Winter is Coming and the lights were going out.
Meanwhile... all of those oversize projected growth curves for MJ and CB over the next 3, 5 and 10 years are still out there. Corona won't be, but the Marijuana Industry will be.
Name a few other industries with similar revenue projections. It's not pie in the sky, and if it were, it would be THC or CBD infused pie in the sky.
"CannaZoid,,may I ask you a question please?
If you do not feel comfortable answering ,I understand.
With the gain in ACB you said you had made ,and then sold at a substantial loss,have you considered approaching a law firm and filling a claim against ACB?"
I will answer that question, buzz. I made some good profits in MJ, including ACB, in 2017 and 2018 and early 2019.
Later in 2019 and this year, I have had losses across the board in 20 stocks in the sector. I guess I should just sue them all for being down 60% last year and another 25% this year. And I'm gonna sue Canada and coronavirus too.
It was my call to buy, and my call to hold or to sell.
Do you have a link to show that or must we just believe you?
I agree on a positive future for ACB, Lucky, as well as being scared. My state and county have both declared a State of emergency, recommending that those over 60 stay home and post on IHub.
I continue to buy January, 2022 options. Lots of $2 calls and now accumulating $1.5 calls. Also, in the money 2022 calls of the other nosediving large Canadian LP's.
Do ya think CV will be contained and the markets might recover before January, 2022?
Do you really think that ACB is going under when they are likely to show an increase in revenue in the next quarter, and be ebitda positive before the end of the year?
Well, I disagree and will be transferring money to my Roth today to be ready for whatever the market gives us next week.
Wash your hands!
"Last chance to accum3at these levels before going down to our final resting place of $13. Lmao u were one of the guys screaming $100 by 2020 weren't u. Keep accumulating bud"
Good advice, vexxed. I have accumulated about 4 oz. of buds and plan on adding more. People aren't gonna stop smoking or eating MJ derivatives. The industry will only grow with CGC, as usual, likely to be the strongest if and when the cv crisis is contained.
Continue LOLing, bud
The airlines are up this morning and MJ stocks continue to plummet. That doesn't make a lot of sense with CV.
I mean, if you can't fly on a plane, at least you can safely fly with marijuana.
Marijuana Infographic: cannabis stock demand sees annual low while sales are predicted to surge up to 432%
Autor: Raphael L.Zuletzt Aktualisiert: 04. März 2020
A new Kryptoszene.de infographic sees the demand for marijuana stocks is at its annual low, while the industry is expected to demonstrate a substantial sales growth of up to 432% in the upcoming years.
From 2015 to 2019, the sales of cannabis-containing beverages in Canada increased by around 26%. However, analysts expect a much more substantial rise in the next few years, as shown by the infographic. By 2025, the sales can rise to 162.5%. For sweets with cannabidiol (CBD), the anticipated growth is even higher – 432%. In January 2019, the sales of medical cannabis in Germany generated 8.23 million euros. A few months later, in October 2019, sales were already at 12.44 million euros marking an increase of more than 51%.
Particularly high are the sales of various cannabis products (including oil). Here, sales increased by about 75% between January and October 2019.
While it still seems uncertain whether Germany will legalize cannabis for leisure purposes any time soon, in a few months, marijuana will be legally harvested for the first time in the history of the Federal Republic. Last year, the Federal Institute for Drugs and Medical Devices issued licenses for a total of 2.6 tons of medicinal marijuana. Although the recent developments seem to give investors hope, the demand is nonetheless for industry stocks at a remarkably low level. According to the infographic, the search on Google for “cannabis stocks” is at its lowest in the last 365 days. In the last week of February, the Google trend score was at 27. 0 stands for the lowest demand, 100 – for the largest possible relative search volume.
The development of Canopy Growth, Tilray & Co. could also be influenced by legalization or bans in one direction or another. Nevertheless, given the industry growth rates, even the most optimistic cannabis stock forecasts are not taken out of thin air.
https://kryptoszene.de/marijuana-infographic-cannabis-stock-demand-sees-annual-low-while-revenues-are-predicted-to-surge-up-to-432/
Thank you dhbuzz. Facts lives matter
Here is one of the articles "FACTS"
"Not to mention, Aurora Cannabis also seems to be experiencing a severe cash crunch. It has already slashed its capital expenditures and it also listed one of its greenhouse facilities up for sale earlier this year".
Fact or negative spin of a strategic decision? Instead of some desperate move to keep the lights on.
Most of the hit piece repeats the same old BS, and takes the worst possible outlook, distorts...
ACB is not going below $1 for 6 months and get delisted from the NYSE, unless CV becomes the Black Plague Part Deux.
The sector and ACB made an attempt at a rebound and got hit, along with the whole market by CV. IF that is gotten under control, the market and MJ rebounds strongly. IMO
This is likely the reason for the jump. I have liked this company for a long time. Great business plans limits risk. A leader in 2.0 products. Increased my position again today.
Auxly Cannabis Group Inc: Will This Spark a Rally in the $0.30 Pot Stock?
Published: March 2, 2020
Most people hate market sell-offs. But if you are a bargain hunter who thought that pot stocks used to be too expensive, the recent pullback in the U.S. stock market could represent an opportunity.
Check out Auxly Cannabis Group Inc (OTCMKTS:CBWTF, CVE:XLY), a marijuana company that develops products for the medical, wellness, and recreational markets.
Headquartered in Toronto, Ontario, Canada, Auxly is listed on the Canadian Venture Exchange under the symbol “XLY.” American investors can find the stock trading over the counter under the symbol “CBWTF.”
One thing that makes Auxly stand out is its diverse supply platform. Instead of growing cannabis at one facility, the company’s supply platform is made up of a combination of wholly owned subsidiaries, offtake agreements, joint ventures, and streaming partners.
Added up, these diverse sources are expected to supply over 100,000 kilograms (220,462 pounds) of raw cannabis annually. (Source: “Investor Presentation September 2019,” Auxly Cannabis Group Inc, last accessed February 27, 2020.)
Also, even though Canada has a much smaller population than the U.S., it still has a vibrant market for pot. In fact, it’s the first G7 country to legalize recreational pot.
According to Ernst & Young LLP, the legal medical and recreational cannabis market in Canada was estimated to be CA$6.0 billion in 2019, and is expected to grow to a whopping CA$11.0 billion by 2025.
Auxly Cannabis Group has been capitalizing on this growing market. According to the company’s latest earnings report, it generated CA$1.6 million of total revenue in the third quarter of 2019. The amount nearly doubled the total revenue it earned in the year-ago quarter. (Source: “Auxly Reports Q3 2019 Financial Results,” Auxly Cannabis Group Inc, November 22, 2019.)
Note that, among the company’s CA$1.6 million total revenue for the quarter, only CA$115,000 came from the sales of actual cannabis products. The rest (CA$1.5 million or so) came from research contracts. So if Auxly Cannabis can sell more marijuana products in the future, its top-line number could get a solid boost.
And that’s indeed what the company plans to do. Auxly has been preparing for the second wave of pot legalization in Canada, often referred to as “Cannabis 2.0.”
The nationwide legalization of recreational cannabis on October 17, 2018 was considered the first wave. The second wave, which came a year later, legalized cannabis-derivative products such as edibles, concentrates, and topicals.
In its latest earnings report, Auxly Cannabis Group Inc said, “Dry cannabis flower sales have been curtailed as a result of the Company’s decision to allocate the bulk of its dried flower to the development and manufacture of derivative cannabis products in anticipation of Cannabis 2.0 sales mid-December 2019.” (Source: Ibid.)
I should point out that, in Canada, pot-derivative products didn’t really hit store shelves until December 2019. So to see how much Cannabis 2.0 has helped pot companies’ financials, we’ll probably have to wait for their first-quarter 2020 results to be released.
But there’s a reason for investors to take a look at Auxly Cannabis stock right now: a new supply agreement.
On February 25, Auxly announced that it had reached a supply agreement with Delta 9 Cannabis Inc (OTCMKTS:VRNDF, TSE:DN), a vertically integrated marijuana company based in Winnipeg, Manitoba, Canada. Under the agreement, Auxly will supply marijuana products to Delta 9’s multiple retail locations. (Source: “Auxly Announces Continued Strategic Partnership and Supply Agreement With Delta 9,” Auxly Cannabis Group Inc, February 25, 2020.)
Just like Auxly, Delta 9 is not a big ticker by any means, but the company does operate one of the top performing retail platforms in Canada. In the first 12 months of legal cannabis sales in Canada, Delta 9’s stores recorded more than CA$14.0 million in retail revenue and over 250,000 customer transactions.
Having a supply agreement with Delta 9 could boost Auxly’s business.
“We are thrilled that consumers will be able to purchase our suite of cannabis products at Delta 9 retail locations including oils, chocolates, chewables and vape products under our Kolab Project, Foray and Dosecann brands,” said Auxly Cannabis Group’s chief executive officer Hugo Alves.
“Delta 9 was one of our first strategic partners, and we are so excited to reaffirm our partnership and joint commitment to developing a robust platform for the recreational cannabis market across Canada.” (Source: Ibid.)
Analyst Take
Trading around $0.30 apiece, CBWTF stock is one of the lower-priced pot stocks on the market.
Sure, Auxly Cannabis Group Inc’s business does not look that substantial at the moment. But with a slew of Cannabis 2.0 product offerings and a new supply agreement, the company just might have what it takes to get some renewed investor attention in 2020.
https://www.profitconfidential.com/stock/auxly-cannabis-stock/auxly-cannabis-group-inc-will-this-spark-rally/
Ontario says portal for cannabis store applications operating ‘as planned’
Published 23 hours ago | By Matt Lamers
The portal to submit applications for Retail Store Authorizations (RSAs) opened at the designated time Monday morning and “all is proceeding as planned,” according to a spokesperson for the Alcohol and Gaming Commission of Ontario (AGCO).
That’s an improvement over last year, when a rush of applicants for the store lottery system overwhelmed the regulator’s website.
The portal for prospective store operators to file RSA applications opened March 2 at 12:01 a.m. ET. Candidates who received or applied for a Retail Operator License (ROL) are now allowed to submit up to 10 RSA applications.
Ontario could see a windfall of recreational marijuana store openings this year as the province looks to make up ground with the rest of the country.
Just under 800 Retail Operator License submissions had been filed for adult-use stores in Ontario as of last week since the AGCO started accepting open market applications on Jan. 6.
Experts say the main constraint facing the rate of openings in Canada’s largest market will likely be the pace at which the agency issues RSAs.
Ontario’s few dozen approved stores stand in contrast to the 643 adult-use stores already issued licenses in Alberta and British Columbia.
Ontario expects to issue around 20 RSAs per month starting in April.
“The time required for the AGCO to conduct its eligibility assessment and issue a license to eligible applicants is dependent on a number of factors, including the completeness of the application submitted and an applicant’s timely response for outstanding information/clarifications,” the AGCO spokesperson said.
“The AGCO is committed to moving complete applications through as quickly as possible and will only license applicants who meet all legal and regulatory requirements.”
https://mjbizdaily.com/ontario-says-portal-for-cannabis-store-applications-operating-as-planned/
Ontario says portal for cannabis store applications operating ‘as planned’
Published 23 hours ago | By Matt Lamers
The portal to submit applications for Retail Store Authorizations (RSAs) opened at the designated time Monday morning and “all is proceeding as planned,” according to a spokesperson for the Alcohol and Gaming Commission of Ontario (AGCO).
That’s an improvement over last year, when a rush of applicants for the store lottery system overwhelmed the regulator’s website.
The portal for prospective store operators to file RSA applications opened March 2 at 12:01 a.m. ET. Candidates who received or applied for a Retail Operator License (ROL) are now allowed to submit up to 10 RSA applications.
Ontario could see a windfall of recreational marijuana store openings this year as the province looks to make up ground with the rest of the country.
Just under 800 Retail Operator License submissions had been filed for adult-use stores in Ontario as of last week since the AGCO started accepting open market applications on Jan. 6.
Experts say the main constraint facing the rate of openings in Canada’s largest market will likely be the pace at which the agency issues RSAs.
Ontario’s few dozen approved stores stand in contrast to the 643 adult-use stores already issued licenses in Alberta and British Columbia.
Ontario expects to issue around 20 RSAs per month starting in April.
“The time required for the AGCO to conduct its eligibility assessment and issue a license to eligible applicants is dependent on a number of factors, including the completeness of the application submitted and an applicant’s timely response for outstanding information/clarifications,” the AGCO spokesperson said.
“The AGCO is committed to moving complete applications through as quickly as possible and will only license applicants who meet all legal and regulatory requirements.”
https://mjbizdaily.com/ontario-says-portal-for-cannabis-store-applications-operating-as-planned/
Traditional Chinese Medicine has been treating common viruses with herbal medicine for millennia. Many medicines originate from plants and herbs.
Quinine, made originally from the Chinese herb Qing Hao or Artemisia, remains an important anti-malarial drug almost 400 years after its effectiveness was first documented.
There are many herbs used in China that have broad spectrum anti-viral and anti-bacterial effects which can reduce both the severity and duration of infection. Bupleurum, Dandelion, Belcamanda, Scutellaria, Isatis, Forsythia and Lonicera have shown marked inhibitory effects on influenza, hepatitis and other viruses. Most of the same herbs have also shown effectiveness against a wide range of toxic sores and lesions, including the herpes virus. Isatis Root and Leaf and Anrographis have shown immuno-stimulating effects.
For informational purposes only
The growth curve in the number of reported case worldwide has flattened out considerably in the last couple of weeks, and the death rate is also flattening, though less so.
Certainly still unpredictable, but this is a good sign.
https://www.worldometers.info/coronavirus/
COVID-19 CORONAVIRUS OUTBREAK
Last updated: February 28, 2020, 03:25 GMT
Coronavirus Cases:
83,379
view by country
Deaths:
2,858
Recovered:
36,551
China 78,832
S. Korea 2,022
Italy 655
Iran 245
Japan 214
https://www.worldometers.info/coronavirus/#countries
Israeli scientists: 'In a few weeks, we will have coronavirus vaccine'
Once the vaccine is developed, it will take at least 90 days to complete the regulatory process and potentially more to enter the marketplace.
By MAAYAN JAFFE-HOFFMAN FEBRUARY 27, 2020 20:58
https://www.jpost.com/HEALTH-SCIENCE/Israeli-scientists-In-three-weeks-we-will-have-coronavirus-vaccine-619101
Potentially very important news. Thanks for posting the links.
COVID-19 CORONAVIRUS OUTBREAK
Last updated: February 28, 2020, 01:12 GMT
Cases - Deaths - Countries - Death Rate - Incubation - Age - Symptoms - Opinions - News
Current trends and analysis:
There are now more new cases occurring every day outside of China than within.
Worldwide, the number of newly recovered patients has been greater than the number of newly infected every day since Feb. 19 (for the past week).
The number of serious and critical cases, as well as of new deaths, is declining worldwide. However, with a declining trend in China and a sharp increase in cases outside of China (where the outbreak is still in its initial stages), it is critical to analyze the two trends separately.
The questions we must address now are:
1) What factors determined the decline in China (and, most importantly, the limited spread of the virus outside of Hubei)?
2) Are these same factors (which seem to include very firm and quick actions being implemented at an unprecedented scale) present outside of China? If not, the outcome might turn out to be quite different, unless another course of action is undertaken immediately.
In depth analysis, reviewing the findings from WHO’s Bruce Aylward report after spending two weeks in China, to be published later today.
https://www.worldometers.info/coronavirus/
Good site for latest information
"Target 0.00"
Not a likely scenario, but, hey, that's a great name for a film about shorting.
I've got weed, Spartan, and some more APHA, this morning at 3.51.
Bought more at 1.37
Still crazy after all these years
The whole sector in a holding pattern today.
Breaking News: All flights have been grounded until further notice.
If I start to feel the bern, I take a Tums.
Fantastic. Waiting on Mr. Crapo to get off the pot, or rather, on the pot.
Civil Rights legislation took 100 years after the civil war. We begrudgingly gave women the right to vote after 140 years as a country.
Maybe Crapo makes his move by 2072.
Signs of life in Ontario
Meta Growth Secures Cannabis Retail Operator Licence to Expand Ontario Network of Retail Stores
Canada NewsWire
TORONTO, Feb. 24, 2020
TORONTO, Feb. 24, 2020 /CNW/ - Meta Growth Corp. (TSXV: META) ("Meta Growth", "META" or the "Company"), Canada's largest publicly traded recreational cannabis retailer by revenue, is pleased to announce that it has been approved by the Alcohol and Gaming Commission of Ontario ("AGCO") for a Cannabis Retail Operator Licence in the province of Ontario. The licence provides Meta Growth with the opportunity to expand its retail network across the province of Ontario, pending all required regulatory approvals.
The Company has publicly expressed its ambition to expand across Ontario with the maximum allowable number of stores, and has already secured various premium retail sites that, if approved and licenced, will soon be Meta Cannabis Co. stores. The retail strategy consists of opening urban and suburban locations to service customers across the province.
There is currently one open and operating Meta Cannabis Co. store in Ontario at 378 Yonge Street, in the heart of downtown Toronto. A second Meta Cannabis Co. location will open on February 28, 2020 in Kitchener, Ontario. Both of these locations are owned and operated by separate Ontario Cannabis Lottery winners with consulting services and brand licensing being provided by Meta Growth through two separate Service Agreements.
"Securing our Cannabis Retail Operator Licence in Ontario is a necessary milestone for our expansion in Ontario," said Mark Goliger, CEO of Meta Growth. "We have secured urban and suburban prime real estate which are ready to build and are planned to open as soon as possible once the licensing approvals begin for the industry in April 2020. Having recently secured $21 million in gross financing through debt and equity, our roll out strategy is to open swiftly and at scale, leveraging our efficiencies in building and operating a current retail enterprise network of 35 locations across the country."
https://marijuanaindex.com/industry-news-item/?newsId=7570918880355199
I made 85% returns on half of my March, 2020 $2 calls and almost 100% on June 2020 $2 calls.
I am down 35% on my January, 2022 $2 calls. I suppose I am gambling that ACB with remain solvent and the PPS will go higher than $2.50 by January of 2022.
To each his own
Benwahsauce, I agree 100% about the persistent negativity and anger of some posters.
I am heavily into options, though likely more in the 90% bracket than the 10% you mentioned.
I have mostly bought long-term options in the hope of taking this overdone collapse out of the equation. After some early mistakes and too much optimism about a turnaround, I now have January, 2021 and 2022 $2 and $3 calls, as well as a lot of June 2020 $2 calls.
I am not proud, and any suggestions you have about when to sell these $2 calls as the PPS goes up before June, 2020 and January, 2021/2022 would be appreciated? I did sell some at a large profit a few weeks ago on the temporary move to $2.20, and am now inclined to sell on any spike, particularly of the nearer term options.
I continue to research options trading. Any websites you particularly recommend?
Thanks.