re: Let’s talk weed stocks in this thread

If you have waited this long, I would at least wait until the first numbers are out for the quarter. If the first few stocks beat expectations, you will see a run again.

After reading this thread for weeks, I decided to take the plunge and buy 20,000 shares of LVVV at 0.0449.

NXTTF I'm holding for now. Worst comes to worst, I'll see about getting on the class actions. I am not dropping any more money into them, but I don't plan on selling at a loss yet.

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LVVV dropped back to the low/mid 4s today.

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Grabbed some when it hit .045

This is my megamillions gamble

Did you keep TRPX? Up to $10/share

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I’m done with all stocks, weeds, cryptos, schmiptos, and everything embetween

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Well, unless you were trying to flip quickly, you shouldn't check everyday if you get emotional over it.

LVVV is a very risky investment. Sure there's a lot of potential there, but there are a LOT of risk factors.

I'd have a lot more confidence in them if they could quit expanding for a few minutes and focus on actually producing and selling something. Most of their success to this point is finagling banks and lawyers, not selling energy chews or cannabis edibles.

I'm no expert but I can easily see this company gobbled up in a future acquisition.

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I'd have a lot more confidence in them if they could quit expanding for a few minutes and focus on actually producing and selling something

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That was the whole point of the expansion. They acquired Mojave Jane who does extraction from the plants and has a manufacturing license. They acquired Alpha Creations and Sacred Biology, who both already have products on over 200 stores and online. Then a little over a week ago Livewire just got their Cali. distribution license (one of only 400 issued so far) - you can bet that they will put that to full use.

Getting the Paso Robles cultivation permit (along with a state cultivation permit) will allow the BIG money through clone sales. I think the revenues they will now make from having the distribution license will primarily be used to outfit the buildings in Paso Robles to get the clone operation going.

The energy chews are no longer part of the business plan. They are still available online under the Livewire name, but I believe they sold that part of the operation to Tony at APRU.

Their business plan includes both clone sales and “seed to sale” product development/production/sales. The “expansion” was just the acquisition of turnkey operations that are each a cog in the wheel - without those parts in place they would have to rely on other companies for one or more steps in the process.

Which part of this operation do you want them to drop?

Well to not spend the money, they’d have to stop one of those critical parts. While they are not new as a stock, in the marijuana industry they are a start-up. Start-ups have to spend money to become operational. They got their first license a week ago. Give them a little time.

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I'd like them to prove that they can actually make money

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If they were already making money, you wouldn’t be able to grab shares for 4 pennies.

The whole point of investing in Livewire is that you have a chance to get in before the BIG hit. There’s a growing list of marijuana companies that have gone from pennies to $10-15/share. Tilray running from $150 up to $300 in a matter of hours seemed huge, but we made the same jump a week ago when people who got in at 3 cents a few weeks ago watched it climb to 6 cents. Same percentage return on your money as $150 to $300. Making real money in these investments is getting in at pennies and still being in when it climbs to dollars. Is it risky? Of course. All stocks that make big money are. Do they all hit? Of course not. But with one of only 400 distribution licenses in our pocket and a cultivation license on the way and products already on the shelves and 50,000 sq. ft. of buildings waiting to be filled with 160 strains of genetics we already have, we’re in a pretty damn good position imo.