Investing

Marijuana Stocks

  • Last Updated:
  • Jan 15th, 2019 3:51 pm
Deal Fanatic
User avatar
Sep 8, 2007
6198 posts
4702 upvotes
Way Out of GTA
pujols wrote:
Jan 11th, 2019 11:49 pm
Wow, the market must really hate Vic Neufeld. APHA releases subpar earnings and reveals that full production capacity in Canada will be delayed by up to 6 months, yet the stock rises...the only logical reason is the CEO departure.

Contrast this to previous quarters when the company would consistently release solid financials that had no effect on the share price.

Hopefully they can find a capable and much more charismatic/media-friendly CEO who can repair the company's image.
Was not long ago anyone who cautioned anyone about this company where lectured on how great Vic is.

The likely reality is that Vic gets to walk away with more money made on this that his entire career and gets to exit before these company gets judged on results and the real work starts. Pretty good play from Vic.
Sr. Member
Apr 23, 2014
938 posts
157 upvotes
Niagara Falls, ON
JRGUINNESS wrote:
Jan 11th, 2019 3:29 pm
Thought they were extraction company... Like labs.

Can you give anymore details? Size of grow and operations?
just found out they finally got the green light. and their wholly owned sub. puresinse.com has over 2 dozen sku's ready to go. JR do you think we can expect to see a nice bump here?
Deal Addict
Dec 8, 2008
1688 posts
124 upvotes
cartfan123 wrote:
Jan 12th, 2019 7:17 am

The likely reality is that Vic gets to walk away with more money made on this that his entire career and gets to exit before these company gets judged on results and the real work starts. Pretty good play from Vic.
No. That's what an average guy on the internet on an average payroll (i.e. you) think. This is a big defeat for him. Guys like him with enough $ already wants control, not merely extra $$$. He's being booted out although he's citing health and family and what have you.
Jr. Member
Apr 23, 2010
177 posts
61 upvotes
Ontario
Anyway it's been a good week for most of us. Clawed back a decent chunk on all my MJ stocks. Some nice surprises too from stocks like RIV. :)
Deal Guru
User avatar
Mar 1, 2008
12248 posts
1968 upvotes
Toronto, Ontario
XtremeModder wrote:
Jan 11th, 2019 2:21 pm
What did you buy and when?

I started in about the middle of last week with my own investing account and I'm buying/selling daily pretty much

Started with $5000 now I'm at about $7200 roughly.
I lost money when I decided to play AUSA on September 20 and held it for way too long. Then as the weed stocks began to drop, I kept on holding instead of selling.
Member
Dec 31, 2015
430 posts
55 upvotes
I hope XLY goes on a nice run here so I can finally sell. I'm ok with selling at a loss at this point but would like to minimize the loss lol.
Deal Addict
Feb 27, 2015
2289 posts
783 upvotes
Toronto, ON
Penrose wrote:
Jan 12th, 2019 10:09 am
just found out they finally got the green light. and their wholly owned sub. puresinse.com has over 2 dozen sku's ready to go. JR do you think we can expect to see a nice bump here?
Maybe,. Depends on the market tomorrow.

I remember XLY got there sales license, and actually went down with the market.

I was reading over there website just now tho, and I'm confused. So they got a sales license, but I can't see where they are growing? Phase 2 and 3 which will be able to grow 8,000 kg is not operating right now. Only phase 1, which holds the vault, operations team and shipping/receiving. So where are they getting product? I see they have deals to acquire some stuff from ISOL, but are they not growing their own now?

Was gonna invest tomorrow, but I might just hold off.
Newbie
Dec 5, 2011
39 posts
63 upvotes
London
Whoaa-I didnt know rfd had a forum on mj stocks!!!! I frequent MJ stock sites as much as looking for deals on this site. Have been slowly "siphoning " my money from the "big 3 " to a few of the american companies. I think they have a lot more room to run and compartively to Canadian valuations,are still quite low
Deal Fanatic
Mar 10, 2005
6568 posts
1242 upvotes
JRGUINNESS wrote:
Jan 13th, 2019 7:22 pm
Maybe,. Depends on the market tomorrow.

I remember XLY got there sales license, and actually went down with the market.

I was reading over there website just now tho, and I'm confused. So they got a sales license, but I can't see where they are growing? Phase 2 and 3 which will be able to grow 8,000 kg is not operating right now. Only phase 1, which holds the vault, operations team and shipping/receiving. So where are they getting product? I see they have deals to acquire some stuff from ISOL, but are they not growing their own now?

Was gonna invest tomorrow, but I might just hold off.
Talk on their cultivation plans starts at 7:40 https://midasletter.com/2018/12/pure-gl ... -producer/
________

"Leaders who don't listen will eventually be surrounded by people who have nothing to say"
Penalty Box
Dec 27, 2013
7915 posts
3779 upvotes
Toronto
man this thread is amazing. so much gambling talk it's amazing.. with quotes like:

-"should sold it when market was going down"
-" should have bought more when market was going up".

the other day i was at the roulette wheel..... I should have put it on black, but I put it on red instead.....

This thread is a joke, and all the wannabe investors circle jerking over what "should have done" based on some gut instinct, or some market trend.

This does not belong on the investing forum. It should be moved to a gambling sub-forum on RFD.
Sr. Member
Apr 14, 2017
561 posts
187 upvotes
DT Calgary
daivey wrote:
Jan 13th, 2019 8:05 pm
man this thread is amazing. so much gambling talk it's amazing.. with quotes like:

-"should sold it when market was going down"
-" should have bought more when market was going up".

the other day i was at the roulette wheel..... I should have put it on black, but I put it on red instead.....

This thread is a joke, and all the wannabe investors circle jerking over what "should have done" based on some gut instinct, or some market trend.

This does not belong on the investing forum. It should be moved to a gambling sub-forum on RFD.
LOL, but we all love gambling. It's either this or blackjack!
Member
Dec 31, 2015
430 posts
55 upvotes
daivey wrote:
Jan 13th, 2019 8:05 pm
man this thread is amazing. so much gambling talk it's amazing.. with quotes like:

-"should sold it when market was going down"
-" should have bought more when market was going up".

the other day i was at the roulette wheel..... I should have put it on black, but I put it on red instead.....

This thread is a joke, and all the wannabe investors circle jerking over what "should have done" based on some gut instinct, or some market trend.

This does not belong on the investing forum. It should be moved to a gambling sub-forum on RFD.
You're just mad you missed out on gains Smiling Face With Open Mouth

But ya... I should have sold Face With Tears Of Joy
Deal Addict
Aug 17, 2008
1741 posts
902 upvotes
Turning shares into currency worked for Cdn companies in the tech boom didn't it? Hmmm...

"Canada’s big pot ETF gets only a few tweaks despite makeover to index it tracks"

https://www.theglobeandmail.com/investi ... -to-index/

Big changes in the components of the leading pot-stock index have resulted in only a few tweaks to the leading cannabis exchange-traded fund, as its manager has decided not to sell the shares of several small companies that swooned last year.

In a quarterly rebalancing, the German firm Solactive has cut 12 stocks from its North American Marijuana Index, the basis for TSX-listed Horizons Marijuana Life Sciences Index ETF. While Solactive doesn’t comment on specific changes, the stocks seemed to have dropped below Solactive’s minimum market-capitalization threshold of $67.5-million in recent weeks.

The deletions, offset by five additions, took the index from 61 companies down to 54.

However, Mark Noble, a spokesman for Horizons, says it did not drop any stocks from the ETF – the largest cannabis-based fund with nearly $800-million in assets – when it adjusted its holdings after the Solactive rebalancing.

The move, atypical for an ETF that seeks to track an index, reflects the volatility in the pot-stock sector, with wild swings in share prices dramatically reshaping companies’ market value on a regular basis.The composition of cannabis funds – either index-tracking or actively managed – also draws more attention than the typical ETF because there’s frequently a hot new pot stock, and funds that follow an index have less discretion about when to add it – witness Tilray Inc., which rocketed out of the gate in 2018 and spent significant time last year up more than 500 per cent from its initial public offering price.

Mr. Noble notes that while the ETF’s goal is to replicate the index’s performance, the fund isn’t required to hold the underlying shares exactly in the same alignment as the index does. Indeed, five of the 12 stocks dropped from the index weren’t in the ETF to begin with, leaving seven index deletions Horizons has decided not to sell.

The concern for Horizons is managing trading costs, Mr. Noble said. The portfolio management team determined the dropped stocks are fairly close to the $67.5-million index minimum “and rather than sell them and have to potentially re-buy them shortly again if the market movement brings their market cap back over that threshold, we have opted to take a more wait-and-see approach with these names.”

Indeed, Lexaria Bioscience Corp., one of the stocks dropped by Solactive but remaining in the ETF, was back to about $75-million in market cap earlier this week. “Some of these names would probably be already back through the index inclusion threshold given the rally we’ve seen in marijuana stocks over the last two weeks,” Mr. Noble said in a Thursday e-mail responding to The Globe and Mail’s queries.

Mr. Noble said, however, that Horizons could indeed exit one or more of the stocks during the quarter, as Horizons rebalances at times other than Solactive’s quarterly announcement, sometimes in anticipation of changes in the index.

There are other differences between the index and the ETF: The TSX-listed HMMJ doesn’t include shares of cannabis firms that do most of their business in the United States, where the drug is illegal under federal law, because the TSX last year banned the listing of marijuana companies that breach U.S. federal drug laws.

While Horizons won’t comment specifically on how that affects additions and deletions, the three new companies in the ETF – Auxly Cannabis Group Inc., Khiron Life Sciences Corp. and Medipharm Labs Corp. – operate in Canada. the two additions to the Solactive index that didn’t join Horizons’ ETF – Harvest Health & Recreation Inc. and Trulieve Cannabis Corp. – are U.S.-based and sell in various states’ recreational markets.

Also, while a large number of companies were cut from the index, their small market capitalizations meant they didn’t take up a terribly large portion of the index, or of the ETF. At the close of trading on Jan. 10, the seven deleted index stocks represented 1.32 per cent of the HMMJ portfolio.“Keep in mind these are very small weights in the index and ETF so their impact one way or another is relatively marginal. This is isn’t like the Tilray scenario, where it became a significant portion of the index after its inclusion,” Mr. Noble said.

The stocks deleted from the Solactive index that Horizons is keeping, for now, are: Beleave Inc.; GTEC Holdings Ltd.; Indiva Ltd.; Inmed Pharmaceuticals Inc.; James E. Wagner Cultivation Corp.; Lexaria Bioscience Corp. and THC Biomed International Ltd.

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