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Yep. This is a CPG race and marketing/branding are the key. Some are better than others.
And yes the entire space is a disgusting mess right now.
Guess that’s up to each person to decide on their own.
Didn’t they know there would be competition in the free market? How’d they handle it? By sitting on their hands.
Since you held through the 20 bagger you can’t be counted on as objective.
Q3 disaster. Q4 guidance awful. It’s not a personal affront...it’s the facts.
Should CW pull up similar tomorrow then much could be forgiven. If they go the other way?
Hammer. Nail. Coffin.
Either way, tomorrow should give a clear indication about the CBD space in its current state and how much credence can be given to the ‘competition’ argument.
Maybe they’ll just go back to ‘choppy’.
$7.00.? Is that what you’re hoping or actually think is feasible?
They’ve completely blown any first mover advantage, ravaged the balance sheet, continue pursuing pipe dream pharma, no shot at NASDAQ, paid a fraudster but kept his son, are no longer growing, have horrible Q4 guidance, etc. I could go on.
I said it when the shareholder letter came out re: competition. That the letter was akin to putting a ‘for sale’ sign on the company. This management team has taken the company as far as it can...no shame in bringing in a CPG specialist to take over (that’s what CW did). They do not have the fire or plan to fight the ‘competition’.
Again...$7.00+? Pipe dream imo.
I’d be happy with $4.00 at the moment and stoked for $5.00.
With Q4 guidance and what’s been going on this year does anyone (other than the 4-5 people who already passed on a 20 bagger) have any real hope this ticker will break above $5.00 anytime soon? Hell $4.00 seems unreasonable at this point. Looking more and more like $3.00 will be a challenge.
All you homers better hope CW has a similar decline in fins.
If not it is game over here.
This company is hanging on by a thread.
At a loss @ premarket. Not sure what people are looking for in a cannabis company!?
I guess people really love them some turds. Or perhaps got underwater and keep chasing losers down the rabbit hole.
Nice commentary. With this purchase Valens moves from being a third party extractor to a full on CPG company.
This is a path to being completely independent and sustainable without the sole reliance on big LP’s contracts.
Hope so but wishful thinking imo.
Was hoping for news drop too...like EU GMP cert. News like that, plus the outstanding fins might have given us a chance.
Either way we have a winner here. Still can’t believe I was able to buy up all those sub $3.00 shares!!!!
VGWCF with the nice news drop after market yesterday too. Should give us both some juice today (hopefully lol).
Saw that! Very nice!!
I believe you’re right. I’m my home state I know an individual who has been selling medical equipment/supplies etc to nursing homes and other care facilities.
Well, he up and started his own hemp farm last year and has been making his own CBD oil and selling it to these same places! No oversight, no testing, not shit for quality control.
This is one guy I happen to know.
Imagine the scale this is happening on all over the country.
Once they boot the frauds tides will turn.
I’ve been a huge believer in CW brand recognition and ability to market themselves at the highest level. Well, that thesis is about to be tested big time with upcoming fins.
I decided to hang tight w my shares here after my initial over emotional reaction to the fins.
It’s quite simple actually...you just use 100% pure CBD isolate. Boom- no THC at all.
Agree...lots o chatter in the twitterverse
Something is definitely up imo.
Absolute Carnage!
Epic miss is right. eom
The rest of this week will bring the pain.
No CPG experience in management.
Horrendous Q
This officially becomes another turd circling the cannabis commode ™?
At one time this was a 20 bagger for some.
WOOO!! Good call STACKER
Can’t wait for numbers.
Hoping you’re wrong even though I know you’re usually right!
Maybe today’s news will give a kick.
I’m also in a position where I can buy and hold so sometimes I don’t have to outsmart the market...just get an entry point I think is fair.
Was out of the office so to speak yesterday. Set a bid @ $2.05 and had to take off.
Was surprised to see $2.00!! But glad I got filled.
Nice white label deal.
I’m not so sure Australia would be the best hub for EU. Let’s have a geography lesson shall we?
Ontario to Germany is roughly 3,800 miles.
B.C. To Germany is roughly 4,700 miles.
Germany to Australia is roughly 9,000 miles.
It’s easy to forget just how far away Australia is from the US/Canada..and almost everywhere else.
It’ll be great for indo-pacific, though!
And oh yeah- the two most populated countries on the planet right next door...but that a discussion way down the road.
No brainer entry or accumulation price imo.
The Dude has been here forever pretty sure he’s got the super cheapies for long shares (along w merc n stacker).
My original buy in early this year was right in the low $2.00 area and I was happy then. After the last Q and continued execution of management I’m more than happy to keep adding at these levels until they give me a reason not to.
Could go lower but with the low volume today it may have just been pushed down (for whatever reason). Could easily rebound tomorrow (or not lol). Perhaps sector dragged today on the Hexo miss/news.
I try to add here every time it goes to $2.15 and below (if I’ve got the powder). For that price you can hold long or swing or both.
It’s been a win-win-win all year just like MEDIF. Granted the swings haven’t been as dramatic but making nice coin nonetheless.
No worries here or there.
With all the turmoil and companies that can’t get their shit together the day is fast approaching where Valens and Medipharm will have their day in the sun. Numbers tell the whole story!
Not sure...that’s why I scaled a bit. Either way I’m happy.
I’m not disagreeing at all just wanted some color on the commentary.
For me, the biggest homerun will be getting into the US...but we all know how tricky that is for now.
The Chicago conference was the first glimmer (for me) that it’s coming. Just a matter of when.
Scrumptious buying levels!
They are working on EU GMP. That’s one of the final puzzle pieces for international expansion.
Are you simply suggesting they need to build a facility in Germany?
I’m intrigued by Nextleaf. On the sidelines but thinking of making the jump.
About to pick up a small chunk here if she keeps bleeding.
MEDIF numbers to the rescue soon enough!
This will eventually become a pharmaceutical company ala GW.
They have a plan and the path is clear. Execution has been flawless so far.
I’ve swung some shares but I’m have a large long position. At some point, it will boom and not come back...I’d hate to sell everything on a boom and never see the bust!
Hold a core/trade a core
JMHO.
Tell that to shareholders of Veritas Farms lol!
They split sp up to like $4.00 and a week and a half later...poof...share price in the $1’s.
I follow them on twitter and they pretty much tweet every US development.
With the Chicago conference coming up and the interest they’re showing I’m really hoping they drum up some US market business.
With everything they’ve got going a US contract would blow this thing up.
Well thanks. There are so many turds circling the ‘cannabis commode™‘ that when you have a chance to grab cheap shares of a company that’s actually legitimate...you do it.
I believe in the industry.
At this point a win is a win but I agree...need some volume.
Seems to have come off the bottom well.
After picking up all these sub $2.00 shares my outlook has improved drastically over here.
From a pure fundamentals standpoint sub $2.00 was a no brainer imo no matter your strategy (long, short, swing).
Nice find DY.
Hand tended, same strain lineage of seed that saved a little girls life, product tested nonstop for contaminants, purposely crafted to be rich in all cannabinioids needed for a true wellness product.
If I were to ingest something on a daily basis and my choices were that or a product derived from something that’s used to make rope and industrial goods...I wonder which one I’d pick?
I think some investors struggle to understand the wellness industry on a macro scale and/or cannabis in general.
I know you’re a huge believer in cannabis and the overdue need for reform going back decades (as am I).
Some just see this as an opportunity to make a buck. There’s nothing wrong with that (at all) but the disconnect between the two groups has never been more pervasive with the evolution of CBD/legal cannabis.
I guess it somewhat comes down to general world view.
Have a good one DY. Thanks for all the continued DD.
I’m loading up some Skywalker OG for ya this happy hour!
Lifted I shall be [yoda voice]
FUN: I had similar knee jerk sentiments about nowwhat2 on another board way earlier this year.
Honestly, I didn’t care for what seemed bluster at first.
However, I was dead wrong.
As far as TA on the boards I frequent and seeing all his work I can say the guy is usually dead right. I struggle some with charting as well so maybe that was part my problem. Context does help.
I consider his charts an invaluable free service as it gives me a level of knowledge I don’t posses. I will always welcome his charts and have made some successful swings on those charts (thanks nowwhat!).
But don’t cross him or he’ll wish you and your portfolio dead lol! Just kidding nowwhat...sorta.
Thanks for the charts.
Murica!
Market manipulation (broader market)
The term gets bandied about on nearly every board when things are sinking but there is truth to it sometimes.
https://www.marketwatch.com/story/hanky-panky-traders-pocket-stunning-profits-after-trumps-comments-on-trade-talks-goose-the-stock-market-2019-10-17
Hey Scum- no dilution today!
I’ll take that as a win lol!
Perhaps they wanted to give us a day off.
Agree.. volume validates the trend.
Much too easy to get pushed either way on low volume.
Regardless, nice day today.
Shhh!! Let’s keep accumulating before the street gets its head out of its ass.
Love these companies. They aren’t big names and aren’t drawing the major headlines (as you say: not sexy)...for now.
We just gotta keep our boots on the ground and execute to perfection under the radar. At some point the numbers will do ALL the talking and We will have our day in the sun.
There is also a major backlog of licenses being processed.
Many market analysts are saying that even though demand is expected to enormous that major revenues won’t begin to show up on balance sheets until Q2 due to the slow rollout. Q1 will contain revs for sure but the major money will take a bit.
Canada has been notoriously slow with Cannabis 1.0. They need to open many more dispensaries.
I will assume 2.0 will be no different.
Good news is Health Canada already started there won’t be any delay on vapes.
GLTA
Yes, that’s what I said. 2.0 date has been known all year.
I’m heavily invested in some Canadian extractions co’s so I’m looking forward to it.
Comment was more questioning something that’s been known all year as qualifying as great DD.
It bounced pretty hard when it went to $1.55.
I can see it falling there again and hopefully it will bounce again. If it breaches $1.50 es no bueno.
Don’t think it’ll go to 0.50 but in this climate, with the entire sector (save a few companies) taking a major beat down, and on the OTC I guess any nightmare is possible...unfortunately.
I heard that rumor floating around today myself...hmmm.
I do know for a fact that MEDIF announced today it reached a beverage agreement to make infused teas.
Also, VGWCF announce a week or so ago they’ve signed a five year infused beverage deal as well. They have exclusive Canadian rights to Sorsé emulsification technology.
Either way 2.0 is a big deal and will begin to show the power of edibles/beverages.
I was a little put off by the PR to announce a PR lol.
I’d much rather them drop it on an unsuspecting market and let a frenzy happen IF it’s actually huge news.
It better be or they’re setting themselves us for a massive letdown.