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Gee and Aurora just announced the acquisition of Agropro and thei 4000 acre hemp farm. Coincidence? I think this plays right onto the Aurora / Coca-Cola talks. Looking forward to seeing where this goes.
Still just 'in talks' so no deals done yet. I'm good either way holding all three CRON, APHRIA and ACBFF
BRIEF-Coca-Cola In Talks With Aurora To Develop Cannabis Drinks - BNN Bloomberg
REUTERS 7:15 AM ET 9/17/2018
Sept 17 (Reuters) -
* COCA-COLA IN TALKS WITH AURORA TO DEVELOP CANNABIS DRINKS - BNN BLOOMBERG
* COCA-COLA PREVIOUSLY HAD HIGH-LEVEL TALKS WITH APHRIA - BNN BLOOMBERG
* COCA-COLA LOOKING TO DEVELOP CANNABIDIOL-INFUSED BEVERAGES- BNN BLOOMBERG Source text : http://bit.ly/2NeR8bj Further company coverage:
Maybe you'll get lucky.... if they somehow cancel legalization
I believe that's a market maker posting a "T Trade" from what I've been told in the past. Here's a link to explain.
https://incrediblepennystocks.wordpress.com/2013/06/25/incredible-penny-stocks-what-is-a-form-t-trade/
Holding POTN until final vote on the Farm Bill. If passed with legal hemp and we don’t start to move up more comsistently than down, then I think I’m out. Been here a long time, since .06. Sold off some @ .56 for some profit after it hit .95 and started back down. I’ve averaged down a couple times since, but starting to get tired of little to no movement and my money might better serve me elsewhere for now.
.026? That might be a bit low on the estimate, but .06 is a possibility. IMO
For those who held shares in HIKU and DJACF any idea when they convert to CGC? See the DJACF ticker has disappeared to be replaced by 43130F109 and still show the purchase price and value, but everything else is gone from the Fidelity listing.
Now Left is has a suit against Tesla/Musk for basically doing the same thing he/Citron did.
Left, whose reports at Citron Research often push stock prices lower, said in his proposed class-action complaint on Thursday that Musk's issuance of materially false and misleading information harmed short-sellers like himself, as well as those hoping Tesla's stock price would rise.
Anyone see their DJACF shares convert over to CGC yet?
From the NASDAQ Initial Listing Guide (PDF):
Listing Timeline
While it generally takes four to six weeks to process a listing application, this time frame is variable and may be shortened considerably, if the application raises no issues and the company responds quickly to Staff comments.
Week 1. Company submits application for listing and Nasdaq Listing Qualifications Staff begins its review.
Weeks 2-3. Staff completes its preliminary review and prepares comment letter. Weeks
3-4. Company addresses any issues raised by Staff.
Weeks 5-6. Staff completes their review and company is approved for listing.
Yep. Took my initial position at $2.58 and have averaged down twice. Still down 65% overall. I still believe in the concept but PPS can go up pennies, nickels and even a quarter without really making a difference to me. Some technologies before their time take many years to come to fruition, while some never do. Look at the Tucker Automobile in 1948 with independent suspension and disc brakes. Light years ahead of its time, but never made it. I will hold my position until it’s dead or I start seeing results, but no more excitement or money invested over PRs and hype unless this starts getting back up near $2
I've been in about 2 years, since .06 and these past several months are almost comical. End of every month brings the announcement "Largest Sales Month in History..." and either the PPS goes down or if below .10 maybe rises back to .10 Took some profit at .15 after it peaked and I'm starting to wonder if this is ever going back up.
CRON was only halted on the Canadian exchange, not on NASDAQ.
There is usually just enough truth in Citron's wording. I haven't done the research, I'd bet if you look back far enough there has been a contamination issue at some point. Likewise if the other players are including the total kilos they've agreed to provide in each of the providences, but CRON doesn't provide the same info, then is it "potentially" misleading to the investing public. It's all a play on words, give just enough truth to cast doubt. Then the law firms investigating always lead with "Investors suffering losses, contact us..." At the time that was put on the CRON site, nobody was suffering losses (YET) we were at a 52 week high. SO yeah now some of us might have losses, but it's not because of CRON, it's because of the initial news from Citron, which is how they make their money. They count on these bottom feeding lawyers and probably feed the info directly to a mass group of them, so they can profit from their short positions. Just my opinion, except for the statement about profiting from their short position. They publicly stated they experience a 70% return on their website after bringing CVSI down 60%.
I agree, you're correct in what I've read, but it's enough to cast doubt, then the ambulance chaser law firms start with the "being investigated" news releases and "class action lawsuit filed" releases causing a massive drop in price. Sucks that anyone can file a lawsuit, doesn't mean the suit is valid, but that can be enough to sway the investing community for a bit.
I don't think it's about disclosing the actual deals. I think he's saying CRON isn't providing as much information about the deals as other players are in terms of the capacity they'll be supplying in each of the providences. Either way it's all crap.
Yea I'm in CVSI as well, so got the double whammy. Hope this jerk stays away from the rest of my positions.
Think that only applies to Canadian holdings. So CRON on NASDAQ will continue to trade. I can see trades still happening through my Fidelity account
I don't think it's the Citron tweet/article that scares them off their shares. It's when the "being investigated" and "class action suit filed" articles starts showing up where they start to bail. Then once they start, many get caught in an unexpected sell, because of they had various types of stop orders in place and it just becomes a sudden drop. Last week in another of my positions I saw a drop of 60% in a matter of 3 hours.
Now the question is how far does it drop.. Citron gave a $3.50 target.
Looks like the drop is starting to pick up momentum. Stops probably starting to get triggered
The press release from the law firm was after the tweet from Citron Research
Maybe, but look at the news alert at the top of the page. Already have the first ambulance chaser law group investigating Chronos.
https://ih.advfn.com/p.php?pid=nmona&article=78166113
Their goal is to get some to start selling and have the price drop enough to start hitting stop limits driving the PPS down even further to improve their short position. CVSI dropped from $9 to the mid $3s in less than 3 hours.
CRON now being targeted by short seller Citron/Andrew Left with $3.50 target due to misleading investors on the size of its distribution agreements with provinces. If you're not aware of this group they establish a short position, send a tweet that says investors are being misled, etc. which is then followed by the ambulance chaser lawyers investigating and initiating class action lawsuits. Take a look at CVSI, they hit $9 a share and Citron sent their tweet to start to process. Now on Citron's website they are bragging about the 70% return on their short position after CVSI dropped below $3.
https://citronresearch.com/
Here’s info from Investopedia about moving from OTC to a major exchange.
https://www.investopedia.com/ask/answers/08/otc-nyse-nasdaq.asp
“While a lot of fanfare may occur when a stock is newly listed on an exchange, especially the NYSE, a new initial public offering (IPO) is not carried out. Instead, the stock simply goes from being traded through the OTC market to being traded on the exchange.
However, the stock symbol may change. A stock that moves from the OTC to Nasdaq often keeps its symbol. Contrarily, a stock that moves to the NYSE often must change its symbol, due to NYSE regulations that limit stock symbols to three letters. The OTC and Nasdaq both allow up to five letters”
Agreed and IMO it will make a difference for POTN and many others in the Hemp/CBD space on the OTC Pink market when it passes, but I still don't think you'll see the big money/corporate players jumping on board until listings move up to the QB or QX, if not the NASDAQ.
TLRY is a Canadian company listed on the NASDAQ with legalization in 6 weeks and beer/big beverage and possibly tobacco looking to get on board, so big money plays. POTN is a US stock listed on the OTC, so big money doesn't care.
Exactly what I was thinking. Fell below $3 faster than I thought it would, so I'm just going to monitor for awhile and see how things shake out over the next two weeks or so.
Sold last week at just over $7. IMO the negativity of the Citron tweet and frivolous lawsuit will have this in turmoil for another week or two at the minimum. I may buy back in somewhere in the $3 range with double the shares.
CRON should easily clear new 52 week high today.
Valid point Bill
I'd like to see it, but think it might be not be in the cards with Diageo as Aprhia may have upper hand. Think it will happen with one of the other beverage companies though.
https://mjobserver.com/investments/stocks/is-aphria-going-to-be-chosen-as-diageos-canadian-cannabis-partner/
Yep DMJO you may be on to something there. GLTA
Yep that’s what I’m holding on for, once Q2 is out if we have any kind of sales revenue it should start tracking north. If not I think it’s time to cut my losses, currently down ~50%
Fidelity will let you trade with Yield, but not with Stop.
Hope it works that way. Earlier in the year there was talk of Scott Pruitt being the potential replacement for Sessions and from what I read back then he's also anti-marijuana.
I believe DiamondCBD/POTN is posting sales averaging $6 million for each of the first two quarters of 2018.