Investing

Marijuana Stocks

  • Last Updated:
  • Dec 12th, 2017 2:11 am
Sr. Member
Apr 5, 2009
855 posts
71 upvotes
neverhaveiever wrote:
Dec 6th, 2017 5:47 pm
I figure it is achievable in the near future. Like most of these stocks, it is hopeful anyways. It could go higher, but my sell point is $1 since it is enough profit for me to cash out and pick up another risky business.
Just remember that GLH has over 400M shares outstanding according to TMX. At $1 per share this would put their market cap in line with CMED current valuation.
Newbie
Nov 29, 2013
83 posts
88 upvotes
TORONTO
Steven91 wrote:
Dec 7th, 2017 7:31 am
Just remember that GLH has over 400M shares outstanding according to TMX. At $1 per share this would put their market cap in line with CMED current valuation.
Fully diluted they have around 750 million shares outstanding. This is not a $750 million company so $1 is fantasy.
Sr. Member
User avatar
Jul 11, 2011
855 posts
500 upvotes
Ontario
cymrules wrote:
Dec 7th, 2017 9:25 am
Fully diluted they have around 750 million shares outstanding. This is not a $750 million company so $1 is fantasy.
It's the fantasy that keeps the pump/dump alive though!
Sr. Member
May 21, 2014
735 posts
911 upvotes
Alberta, AB
Any thoughts on getting in to ACB at this price?
Mahawka :)
Deal Addict
Sep 12, 2006
1163 posts
188 upvotes
xxboarderxx wrote:
Dec 6th, 2017 1:40 pm
I don't understand how looking at the market cap of one company is approaching another's cap would tell you to sell. Please elaborate.

Thanks
Weed is widely accepted as the industry leader. Compare the financials with acb. Look at the sales, expenses, growth capability, sq ft of facilities, cost per gram. It is clear that the market cap of Weed should be a lot higher than Acb, yet a few days ago it was pretty close.

Now we've had a few days of Acb correction. Looks like the market agreed it was overvalued.

Then again, weedstocks don't always follow fundamentals, but I look at them because I'm long on the sector.
Deal Addict
Jan 22, 2006
2867 posts
1640 upvotes
Pickering, ON
Mahawka wrote:
Dec 7th, 2017 10:28 am
Any thoughts on getting in to ACB at this price?
im thinking about buying in
#WeTheNorth
Deal Addict
User avatar
Aug 9, 2009
4172 posts
312 upvotes
zaidyboy wrote:
Dec 7th, 2017 11:49 am
im thinking about buying in
On the same boat. Think I'm going to hold off a bit longer though.
Sr. Member
Sep 26, 2012
831 posts
83 upvotes
MISSISSAUGA
Blgv with alot of volume again, any thoughts on this play?
Deal Addict
Jul 7, 2004
4570 posts
486 upvotes
zibzer wrote:
Dec 3rd, 2017 3:34 pm
I have a small position on WMD. At 3pm friday they announced they received an oil extract license from Health Canada. Opens up more opportunity for WMD as demand for cannabis oil extracts in the medical sector is increasing at a rate faster than dried flowers.

Im speculating they will have some gains on monday.

However, Ill likely be holding long(ish) for now.
darkcloud8282 wrote:
Dec 3rd, 2017 4:21 pm
APH, GLH, ..see previous pages

I ended up buying some APH, but not really knowing what I'm doing I think I bought at market price. And I'm guessing what happened is the price shot up Mon morning and I paid way too much for it.
Deal Addict
Mar 14, 2007
2561 posts
108 upvotes
Toronto
dan668 wrote:
Dec 7th, 2017 1:54 pm
Blgv with alot of volume again, any thoughts on this play?
this is my yolo play stock, got in for a pretty penny at .05
Member
Nov 13, 2011
437 posts
130 upvotes
Vancouver, BC
baz5 wrote:
Dec 7th, 2017 7:04 pm
I ended up buying some APH, but not really knowing what I'm doing I think I bought at market price. And I'm guessing what happened is the price shot up Mon morning and I paid way too much for it.
Never do market order.. always set a limit and don't buy at open. Wait for price stabilization after opening hours.
Newbie
Jan 3, 2017
29 posts
6 upvotes
willyxjai wrote:
Dec 7th, 2017 7:52 pm
this is my yolo play stock, got in for a pretty penny at .05
I bought in 0.095. Thinking of buying a little more.

Take my chances when I am young! YOOOOOLOOOO.
Sr. Member
Apr 23, 2006
575 posts
90 upvotes
'Berta
azncapcom wrote:
Dec 7th, 2017 12:06 pm
On the same boat. Think I'm going to hold off a bit longer though.
I'm a complete noob at this stuff and I am close to pulling the trigger too, but I hate seeing the prices from just a month ago. Makes me kick myself for sitting on the fence.
Deal Addict
Jul 7, 2004
4570 posts
486 upvotes
darkcloud8282 wrote:
Dec 7th, 2017 8:42 pm
Never do market order.. always set a limit and don't buy at open. Wait for price stabilization after opening hours.
I'm new but I should have known, pretty stupid of me. I've been tied up during the day and unable to track lately. I'm in for the long haul so not too worried. Ended up getting HSVT at $0.91 as a large portion of my purchase.

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