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Marijuana Stocks getting a boost from Canadian legalization plans
Posted on 3/27/17 at 11:33 am
Posted on 3/27/17 at 11:33 am
Taken from the PT board . . . but my MJ stocks are having fun today. All these are up over 5%.
BLOZF +27%
TWMJF +10%
ACBFF +8.8%
CRBP +6.5%
APHQF +6%
LINK
"The Liberal government will announce legislation next month that will legalize marijuana in Canada by July 1, 2018."
BLOZF +27%
TWMJF +10%
ACBFF +8.8%
CRBP +6.5%
APHQF +6%
LINK
"The Liberal government will announce legislation next month that will legalize marijuana in Canada by July 1, 2018."
Posted on 3/27/17 at 12:12 pm to ynlvr
Dammit I stopped watching my weed stocks because I got distracted. Had $25k set aside to buy. May jump in anyway.
Posted on 3/27/17 at 12:14 pm to McLemore
yeah, it's mostly the Canadian stocks that are jumping.
CBDS (Cannabis Sativa) is up less than 1% because it is a Nevada stock.
CBDS (Cannabis Sativa) is up less than 1% because it is a Nevada stock.
Posted on 3/31/17 at 6:33 pm to ynlvr
Interested in this new market. Any specific ones you would recommend?
Posted on 3/31/17 at 11:13 pm to mobbarley
quote:
Interested in this new market. Any specific ones you would recommend?
Posted on 4/1/17 at 2:37 pm to mobbarley
All the ones listed in the OP are long shot, low priced stocks that have had a good run since November 2016. Some are pure market share plays and some are pharmaceutical plays. All are high risk. I like these four even though I feel like I am late to the party.
GWPH is the granddaddy of the lot (not listed in OP) because it is a $3 billion stock.
APHQF - Aphria is the second largest grower with expansion in place. This may be the hottest MJ stock right now. Up 380% over the past year but still a $5 stock with $440 million market cap.
TWMJF is the largest grower. It is recovering from a banned pesticide incident via its acquisition of Mettrum that tainted its standing. But still, big is good. $900 Million market cap.
CRBP - Corbus is a $450 million market cap stock that grew 430% last year. It is a pharmaceutical play and a LONG way off from getting anything to market.
All these stocks appear grossly overvalued by most any measure and the Trump/Sessions team are not friends of the industry. That being said, the baby boomers seem to have a lax attitude to legalization and may move the needle in the not too distant future. I keep a separate "MJ Play Money" account just for these stocks. I do not want to confuse these with investments. But they have been fun.
GWPH is the granddaddy of the lot (not listed in OP) because it is a $3 billion stock.
APHQF - Aphria is the second largest grower with expansion in place. This may be the hottest MJ stock right now. Up 380% over the past year but still a $5 stock with $440 million market cap.
TWMJF is the largest grower. It is recovering from a banned pesticide incident via its acquisition of Mettrum that tainted its standing. But still, big is good. $900 Million market cap.
CRBP - Corbus is a $450 million market cap stock that grew 430% last year. It is a pharmaceutical play and a LONG way off from getting anything to market.
All these stocks appear grossly overvalued by most any measure and the Trump/Sessions team are not friends of the industry. That being said, the baby boomers seem to have a lax attitude to legalization and may move the needle in the not too distant future. I keep a separate "MJ Play Money" account just for these stocks. I do not want to confuse these with investments. But they have been fun.
Posted on 4/1/17 at 6:30 pm to ynlvr
Much appreciated brother. Ill do a little research on these and toss a little aside. I like your idea on the investment side of it too
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