Posted by
Message
3morereps
Georgia Fan
The Gym
Member since Jun 2015
6109 posts

MJ stocks in the tank
Thinking about pulling the trigger on some MJ. What are y’all’s long-term expectations for the industry?


stout
Arizona Fan
Back in God's Country
Member since Sep 2006
141172 posts

re: MJ stocks in the tank
quote:

What are y’all’s long-term expectations for the industry?



A ton of consolidation


Replies (0)
Replies (0)
40
AMS
Member since Apr 2016
2065 posts
 Online 

re: MJ stocks in the tank
Very meh LT expectations. Maybe ones that specialize in weed tourism/events, or extracts/novelty uses will find a niche.

But as its legalized in more states, people are able to grow their own plants, decreasing the need/demand for the flower itself. I think serious smokers or friends in their groups will dabble in growing themselves.


AUGDawg
Georgia Fan
East GA
Member since Nov 2014
1849 posts

re: MJ stocks in the tank
Nice Div Yield too (5.69)


Replies (0)
Replies (0)
00
TigrrrDad
Member since Oct 2016
4630 posts

re: MJ stocks in the tank
My lips are sealed.


Lsutiger2424
LSU Fan
Member since Dec 2016
610 posts

re: MJ stocks in the tank
The only one I pay attention to is Valens (VLNCF). They seem to have the best management and are expanding into drinks and more edibles. Was too busy to pay attention to news today but I should have sold due to the expected bad news by ACB. Will maybe sell first thing in the morning then buy back next week.


Replies (0)
Replies (0)
00
molsusports
Ohio State Fan
Member since Jul 2004
30810 posts

re: MJ stocks in the tank
quote:

What are y’all’s long-term expectations for the industry?



That it will improve dividends on fast food stocks


Replies (0)
Replies (0)
00
cuyahoga tiger
LSU Fan
NE Ohio via Tangipahoa
Member since Nov 2011
4578 posts

re: MJ stocks in the tank
SMG...thank me later


TD SponsorTD Fan
USA
Member since 2001
Thank you for supporting our sponsors
Advertisement
KamaCausey_LSU
Member since Apr 2013
7168 posts

re: MJ stocks in the tank
I keep jumping in and out but the only exposure I'm comfortable with is Canopy ($CGC) or the $MJ ETF due to the wide exposure it provides.


Replies (0)
Replies (0)
00
Rockyn
LSU Fan
Uranus
Member since Sep 2008
9823 posts
 Online 

re: MJ stocks in the tank
It's fundamentally turned into a commodity business. The industry demand growth will continue to be explosive, but even that's being outpaced by supply growth. Growth targets just aren't realistic (not baking in enough price depreciation) and valuations are still way too high. At a firm level there doesn't appear to be any real first mover or scale advantage because offerings are fundamentally so indistinguishable.

I feel that way across the value chain. In Canada provincial governments are opening up to traditional B2C online distribution that will make the brick and mortar shops that are offerings of many of the Publics (or are Publics' customers) as silly as Best Buys.

It's not like commodity stocks can't make money but right now it's just picking horses and hoping they're the winners through the scaling and consolidation.


Replies (0)
Replies (0)
10
Azazello
Tennessee Fan
Member since Sep 2011
2824 posts

re: MJ stocks in the tank
quote:

Very meh LT expectations. Maybe ones that specialize in weed tourism/events, or extracts/novelty uses will find a niche.

But as it's legalized in more states, people are able to grow their own plants, decreasing the need/demand for the flower itself. I think serious smokers or friends in their groups will dabble in growing themselves.


Agreed. For example, I have my medical card and use daily to help me sleep. The stuff I get from the store is so strong that I only have to go once every 4-5 months.

People who smoke all day were already smoking all day. New customers brought in via the widespread legalization are people typically like me (smoke small amounts at night, weekends, etc.)

I don't see a path forward to scale.


LSUcam7
FL
Member since Sep 2016
3056 posts

re: MJ stocks in the tank
Cannabis up big after CGC posted a smaller loss and better revenue than expected.


Replies (0)
Replies (0)
00
Ray Finkle
LSU Fan
Collier county
Member since Sep 2007
1185 posts

re: MJ stocks in the tank
quote:

SMG...thank me later


Explain yourself


Thib-a-doe Tiger
LSU Fan
Member since Nov 2012
32064 posts
 Online 

re: MJ stocks in the tank
quote:

My lips are sealed.






Replies (0)
Replies (0)
00
cuyahoga tiger
LSU Fan
NE Ohio via Tangipahoa
Member since Nov 2011
4578 posts

re: MJ stocks in the tank
quote:

Explain yourself


SMG Scotts Miracle Grow Co. They serve the growers with their Hawthorne Garden subsidiary. Lights, hydroponics, water soluble fertilizer....legit company, leader in the home and garden category. One year ago it was selling at less than $80/share, today over $120/share.


Replies (0)
Replies (0)
00
Ric Flair
LSU Fan
Charlotte
Member since Oct 2005
10700 posts

re: MJ stocks in the tank
Any chance Phillip Morris Jumps into the industry and destroys all the small growers?


Replies (0)
Replies (0)
00
first pageprev pagePage 1 of 1next pagelast page
refresh

Back to top

logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram