Investing

Marijuana Stocks

  • Last Updated:
  • Dec 19th, 2018 8:17 am
Jr. Member
Apr 23, 2010
173 posts
61 upvotes
Ontario
n0thing wrote:
Oct 10th, 2018 3:06 pm
You guys selling or holding APH?
Easy to hold now.
Deal Addict
Feb 27, 2015
2223 posts
777 upvotes
Toronto, ON
Thank,. But truthfully we all know this is gambling.

Fancy gambling, with the ability to average down if need be.

Now to find the next deal
Member
Oct 1, 2007
221 posts
12 upvotes
Toronto
Which OGI has been re-opened?

I see OGRMF (PINX) and OGI.VN and OGI.DB.NV (TSX)
Deal Addict
Apr 24, 2014
1021 posts
402 upvotes
Zeitgeist7 wrote:
Oct 10th, 2018 3:17 pm
Which OGI has been re-opened?

I see OGRMF (PINX) and OGI.VN and OGI.DB.NV (TSX)
Company: Organigram Holdings Inc.

TSX-Venture Symbol: OGI; OGI.DB; OGI.WT

Resumption (ET): 3:15 PM
Deal Expert
May 30, 2005
40937 posts
2244 upvotes
Richmond Hill
Chanman94 wrote:
Oct 10th, 2018 3:09 pm
Holding APH after this Altria story. Can only imagine what price it would eventually go up to. Hoping that more deals will be announced with legalization around the corner.
It would'nt be the first time rumors are fluff.

I sold 25% of my APH, and flipped the options twice as it got pumped and dumped, then re-pumped. I feel like it will return back under $20 even if a deal is eventually announced.
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Deal Addict
User avatar
Aug 9, 2009
4565 posts
448 upvotes
JRGUINNESS wrote:
Oct 10th, 2018 3:14 pm
Thank,. But truthfully we all know this is gambling.

Fancy gambling, with the ability to average down if need be.

Now to find the next deal
congrats.

definitely good to take profits. I am going to hold out a bit, finally in the green for APH, but my options are actually still in the red... (bought at 20.xx 1.5 months ago). still down due to time decay...
Deal Addict
Apr 25, 2006
4800 posts
446 upvotes
Jon Lai wrote:
Oct 10th, 2018 3:22 pm
It would'nt be the first time rumors are fluff.

I sold 25% of my APH, and flipped the options twice as it got pumped and dumped, then re-pumped. I feel like it will return back under $20 even if a deal is eventually announced.
If deal announced, I see breaking ATH.

Vic was ex-CEO, I am confident he knows how this M/A and partnerships work and doesn't sell easy. Quite clear that he denied Molson's JV offer.
"If you make a mistake but then change your ways, it is like never having made a mistake at all" - Confucius
Deal Expert
May 30, 2005
40937 posts
2244 upvotes
Richmond Hill
1xTiMeR wrote:
Oct 10th, 2018 3:31 pm
If deal announced, I see breaking ATH.

Vic was ex-CEO, I am confident he knows how this M/A and partnerships work and doesn't sell easy. Quite clear that he denied Molson's JV offer.
Oh for sure he wants a partnership. But this is just a rumor. "Sources with knowledge say..." is the same as me and you. We're only trusting the fact that it came from a newspaper, and even if it's true, it's just a possibility.
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Deal Addict
Aug 17, 2008
1648 posts
837 upvotes
Marlboro maker Altria in talks with Canadian pot grower Aphria (Globe article)

U.S. tobacco giant Altria Group Inc. is in talks to acquire an equity stake in Canadian cannabis grower Aphria Inc., multiple sources say.

Details of Altria’s proposed investment in Aphria are still being finalized, said the sources, who asked to remain unnamed because the talks are private. They said Altria has expressed an interest in acquiring a minority stake in the Leamington, Ont.-based grower with the intention of eventually holding a majority of the company’s shares.

The sources cautioned that it could take time for the two companies to strike a deal and that talks could still fall through.

With a market capitalization of US$119-billion, Virginia-based Altria makes tobacco, cigars and wine. It owns Philip Morris USA, the maker of Marlboro cigarettes, and has a significant stake in Anheuser-Busch InBev SA/NV, the world’s largest brewing company. Meanwhile, Aphria’s market value on Wednesday afternoon was $4.3-billion. Its stock price has doubled since mid-August and was trading at $20.06, up more than 15 per cent on Wednesday afternoon.

Altria executives have met with Aphria’s leadership team in Leamington on several occasions, the sources said. The most recent in-person discussions took place on Monday, with senior representatives making the trip from the U.S.

Altria spokesman Steven Callahan declined to comment.

Aphria did not immediately return requests for comment on Wednesday.

Big consumer companies are increasingly looking to forge alliances with cannabis growers, which is helping fuel a frenzy and driving stock prices higher as Canada prepares for the legalization of recreational marijuana next Wednesday. Global alcohol giant Constellation Brands Inc. unveiled its plan to boost its stake in Canopy Growth Corp. to a majority position in August after having initially taken a 10-per-cent stake last fall. Molson Coors Brewing Co. has also moved into the cannabis space through a joint venture announced this summer with Quebec-based grower Hexo Corp.

Sources said Altria is pursuing a Constellation-style deal rather than a joint venture in the mould of Molson-Hexo.

Aphria is known for being a low-cost cultivator of marijuana, boasting a cash cost per gram of less than $1. Its production site has been a revolving door of late, with the company hosting tours for a number of beverage and consumer goods companies that want to learn about the cannabis business.

In its last fiscal year to Dec. 31, 2017, Altria recorded US$25.6-billion in net revenues, a slight decline from the last year. And US$22.6-billion of these sales are from smokeable products. It booked US$10-billion in net earnings.

Altria has been making a push to expand beyond conventional cigarettes by introducing products that are seen to be less harmful. Its portfolio of non-combustible products includes smokeless, oral and heated tobacco and e-vapor.

Altria’s stake in Belgium’s Anheuser-Busch InBev SA/NV, which makes popular brands such as Budweiser and Stella Artois, is about 10 per cent. In 2017, Altria received more than US$800-million in dividends – thanks to its interest in AB InBev.
Deal Addict
May 17, 2012
1866 posts
755 upvotes
ontario
pot stocks - the great hedge against SPX crashes.
Member
Jan 6, 2015
227 posts
26 upvotes
Scarborough, ON
esoxhntr wrote:
Oct 10th, 2018 3:42 pm
pot stocks - the great hedge against SPX crashes.
I have to agree with you, my pot sector against my semiconductor now.
Deal Addict
Aug 17, 2008
1648 posts
837 upvotes
Pre close: APH on rumour looks good, TRST looks like it has potential and ACB expectations driving that. HEXO & WEED still in the air. TRUL broke down through ~$17.50 support. Don't really look at anything else. https://invst.ly/8u4vb

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