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re: Let’s talk weed stocks in this thread
Posted on 5/29/19 at 7:04 pm to martiallaw
Posted on 5/29/19 at 7:04 pm to martiallaw
I think the narrative in the last 4 months has been that the US may be further away from federal legalization than we thought at the beginning of 2018. Even as soon as a few months ago; CGC got a bump on a release that they were buying up farmland in New York to prepare to invade the US. Then a a few months later; New York apparently completely flipped around their laws; and seem further than ever from legalization. A lot of the value built into all these cannabis stocks is the future potential of expanding into available markets; because the Canadian market is tiny. Then it seems earnings have trended down now in the last quarter which is too soon.
I think unless you have the time to "trade" cannabis stocks, the growth timeline has been pushed out too far to own anything other than the top 5 or so for exposure to the potential. If you have the time to research and track these stocks everyday and trade, there is some real money to be made. So far, pretty much all the obvious reactions and decisions so far in my cannabis investments have returned better than market gains while most "plays" have lost money.
I think unless you have the time to "trade" cannabis stocks, the growth timeline has been pushed out too far to own anything other than the top 5 or so for exposure to the potential. If you have the time to research and track these stocks everyday and trade, there is some real money to be made. So far, pretty much all the obvious reactions and decisions so far in my cannabis investments have returned better than market gains while most "plays" have lost money.
3
Posted on 5/29/19 at 9:15 pm to Pendulum
Thank you, great explanation and information.
Posted on 5/29/19 at 9:28 pm to Pendulum
I think your observation is solid.
Also, since there is an election cycle revving up, I wonder if any politicians are willing to take on this issue if it could mean they lose votes from some conservative constituents.
Ergo: Nothing will change until 2021.
Also, since there is an election cycle revving up, I wonder if any politicians are willing to take on this issue if it could mean they lose votes from some conservative constituents.
Ergo: Nothing will change until 2021.
Posted on 5/30/19 at 7:01 am to Pendulum
Canadian markets are struggling legally. too well established illegal channels with cheaper pricing and better quality.
legal market there will be smaller than any individual market leaders valuation. they'll need less production than the top 3...and these are projections atleast a year out st this point some even further out to get to that level of production.
the big question left to make instant money on is when does the us legalize...well in campus case they dont need legalization full blown they just need feds to allow financing or make it a states rights thing to get into their potential acquisition.
legal market there will be smaller than any individual market leaders valuation. they'll need less production than the top 3...and these are projections atleast a year out st this point some even further out to get to that level of production.
the big question left to make instant money on is when does the us legalize...well in campus case they dont need legalization full blown they just need feds to allow financing or make it a states rights thing to get into their potential acquisition.
Posted on 5/30/19 at 8:37 am to oklahogjr
quote:
they just need feds to allow financing
That’s the key right there.
Posted on 5/30/19 at 9:31 am to TigrrrDad
Why have financing when you can just create free money by selling penny stock? You don't have to pay that back.
Posted on 5/30/19 at 1:20 pm to TDFreak
quote:
I wonder if any politicians are willing to take on this issue if it could mean they lose votes from some conservative constituents.
you'll see this scare some people but there is bi partisan support atleast somewhat since states thst legalized have red and blue reps
Posted on 5/30/19 at 8:14 pm to BitBuster
quote:
Why have financing when you can just create free money by selling penny stock? You don't have to pay that back.
That is literally the purpose of stock - creating capital.
Stock:
A stock is a form of security that indicates the holder has proportionate ownership in the issuing corporation. Corporations issue (sell) stock to raise funds to operate their businesses
And in a sense you do have to “pay that back,” because creating more stock means a business owner is diluting his own percentage of ownership of the business - you are “paying” the stock purchaser with a piece of the company.
This post was edited on 5/30/19 at 9:03 pm
Posted on 5/31/19 at 7:32 am to TigrrrDad
LVVV has too many people with free and cheap shares selling and not new enough people buying. A win for everybody would be providing value for shareholders and increasing the share price. But they are more interested in using it as an ATM. As long as everyone has hundreds of millions of shares, they don't care how low it gets because there is always money in the banana stand.
All banking legalization would do for LVVV is make it easier to conduct business. They don't need a loan.
All banking legalization would do for LVVV is make it easier to conduct business. They don't need a loan.
Posted on 5/31/19 at 8:57 am to BitBuster
ACB going way down. All the weed stocks that I follow are doing poorly this week. Normally they don’t follow the rest of the market but this week they are. Been a rough month
Posted on 5/31/19 at 8:18 pm to quail man
Nxttf just released financials and they look pretty good. The balance sheet is the best in the weed business by far and total assets are excellent. Should get a nice bump Monday and looks bullish in the future.
ETA: Looks like it will open at least down 5%. This industry just doesnt make sense. Company still looks more promising than it did going forward with a solid balance sheet.
ETA: Looks like it will open at least down 5%. This industry just doesnt make sense. Company still looks more promising than it did going forward with a solid balance sheet.
This post was edited on 6/3/19 at 8:25 am
Posted on 6/3/19 at 9:01 am to ScaryClown
quote:
Nxttf just released financials and they look pretty good. The balance sheet is the best in the weed business by far and total assets are excellent. Should get a nice bump Monday and looks bullish in the future.
ETA: Looks like it will open at least down 5%. This industry just doesnt make sense. Company still looks more promising than it did going forward with a solid balance sheet.
Hah, no thank you.
There's about 10 people in this thread who thought the same thing when we all bought nxttf at $3 last year. Then they realized their CEO was a criminal and pushed him out; haven't kept up with stock after I cut my losses at around $1.15, took a massive loss.
I think the problem with a lot of these stocks is they aren't valued realistically. Just because you cleared the red tape and are generating revenue doesn't mean in any way, you are a good company with future growth potential. We know so little about these OTC companies; to expect it to move a way it "should" have is ridiculous, how could you know if what you are reading is even true.
Posted on 6/3/19 at 9:43 am to Pendulum
Because they released official financials. I'm not saying to buy it, im stuck holding this stupid thing so im hoping it finds a way to go up. I am one of those ten people and i can guarantee you that i have a larger unrealized loss on this stock than what you took.
Posted on 6/3/19 at 11:36 am to Pendulum
quote:
I think the problem with a lot of these stocks is they aren't valued realistically. Just because you cleared the red tape and are generating revenue doesn't mean in any way, you are a good company with future growth potential. We know so little about these OTC companies; to expect it to move a way it "should" have is ridiculous, how could you know if what you are reading is even true.
That’s exactly why people should only invest in these with side money or just to have something to play with. As I’ve said before, literally every penny I have invested outside of LVVV is in total stock or bond market funds (or target date consisting of those) with a hope of 5-6% return over the next 10-15 years. I’ve been tempted by a few others I’ve discussed here like High Hampton and APRU but didn’t pull the trigger, and I was very tempted by NXTTF as well. I invested heavily in LVVV for specific reasons, but the cannabis sector - and particularly the penny stocks -isn’t the place to park your money.
Posted on 6/3/19 at 12:14 pm to ScaryClown
quote:
Because they released official financials. I'm not saying to buy it, im stuck holding this stupid thing so im hoping it finds a way to go up. I am one of those ten people and i can guarantee you that i have a larger unrealized loss on this stock than what you took.
I believe, there's no real oversight to keep a OTC company from fudging their numbers. It's not like they have to worry about the SEC. I could be off on this but: Didn't this just happen with LVVV where they had to amend previous filings when they were trying to uplist.
(I never once even looked at a OTC stock until I started investing in cannabis in end of '17 so disclaimer: I'm not 100% on this)
I cooled off last year on OTC investing with a cannabis stock blowing up on me, cant remember exactly which one, might have been NXTTF or KGKG when last year it dropped like 25% and the next day, the bad news hit the AP wire. They are so low in liquidity, you have no chance; and for sure are not on a even playing field. I realized, this is stupid; I have a job I should be spending this time on.
They absolutely can be fun just like gambling though, I get it.
Posted on 6/3/19 at 12:24 pm to TigrrrDad
I believe it is imperative that Tigerrrdad immediately invests $31 into San Luis Obispo County to get copies of the Deed, Deed of Trust and 2 assignment of rents for this purchase.
LINK
It is the least he can do... and share them of course :)
Interesting to note, mystery man Pasternacker is atleast part of the funding. Assignment of rents to the seller can also suggest from seller financing. Would love to know the terms and those documents might hold that answer. I am sure those of you with $15k in the game want to know too :P
LINK
It is the least he can do... and share them of course :)
Interesting to note, mystery man Pasternacker is atleast part of the funding. Assignment of rents to the seller can also suggest from seller financing. Would love to know the terms and those documents might hold that answer. I am sure those of you with $15k in the game want to know too :P
Posted on 6/3/19 at 1:53 pm to igoringa
I'd like to know too. The money had to come from somewhere. It wasn't on the balance sheet....
Posted on 6/3/19 at 2:26 pm to BitBuster
quote:
I'd like to know too. The money had to come from somewhere. It wasn't on the balance sheet....
It is this Murray Pasternack, at least in part. He is the mystery investor that already has 54 million shares. It is the details of the borrowing that is so critical, including any seller financing.
Posted on 6/3/19 at 2:29 pm to igoringa
54M at .02 per share is right at a million dollars. That wouldn't account for all of it for sure
Posted on 6/3/19 at 2:42 pm to BitBuster
quote:
54M at .02 per share is right at a million dollars. That wouldn't account for all of it for sure
he has had those shares for awhile. This would be incremental financing.
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