Investing

Marijuana Stocks

  • Last Updated:
  • Oct 16th, 2018 8:52 am
Member
Nov 8, 2011
364 posts
91 upvotes
NEPEAN
Ramblings wrote:
Jan 12th, 2018 5:14 pm
I'm moving some $ from Tangerine and am looking for another platform aside from RBC DI -- do you like Quest?
New to Questrade but so far it's great, I like it a lot better than RBC DI.
Deal Addict
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Nov 12, 2011
3757 posts
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Niagara-on-the-Lake
Think we'll see some green on Monday, or another day of red?
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Jun 12, 2010
536 posts
129 upvotes
YVR
hebsie wrote:
Jan 12th, 2018 5:10 pm
But if It had gone to 9.58 and then back up, then what? Pick a price and feel good about it.

Remember, no pump here, but Cronos was almost $14 two days ago. This is only January and you got to pay a December price.

Lot's of time average down if it drops, take profit if it runs to $20, who knows.
Appreciate the sentiment. This is my first dabble into the stock game, have 95% of my portfolio in index ETFs. The emotional journey is a new one. Hahaha.
Deal Addict
Sep 12, 2006
1353 posts
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hebsie wrote:
Jan 12th, 2018 5:10 pm
But if It had gone to 9.58 and then back up, then what? Pick a price and feel good about it.

Remember, no pump here, but Cronos was almost $14 two days ago. This is only January and you got to pay a December price.

Lot's of time average down if it drops, take profit if it runs to $20, who knows.
The way I look at it, when you buy good companies, you can play it long term with less worries. Mjn is a solid company with top tier management. I won't lose any sleep about it if it goes down another 15% next week because there are literally no news and it's all people taking profits. I'm comfortable holding it into legalization.

Compared to more speculative plays such as namaste or mpx...
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Jun 30, 2010
2563 posts
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Vaughan
NorthernHarvest wrote:
Jan 12th, 2018 6:52 pm
https://www.google.ca/amp/business.fina ... ations/amp

Translation please?
As marijuana is still federally illegal in the US, any cannabis company listed on the CSE (CNSX) are allowed to operate in the US as long as they disclose that to investors. Now they announced they are reconsidering that stance. Hopefully they don't want to de-list a company for that.
Newbie
Dec 22, 2015
27 posts
7 upvotes
Toronto
cloakster wrote:
Jan 12th, 2018 7:20 pm
As marijuana is still federally illegal in the US, any cannabis company listed on the CSE (CNSX) are allowed to operate in the US as long as they disclose that to investors. Now they announced they are reconsidering that stance. Hopefully they don't want to de-list a company for that.
Interesting. I guess we'll just have to wait and see. In the meantime, wonder how the market will react on Monday.
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Jul 11, 2011
2897 posts
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Ontario
I like the name already....SEED

Prospectus Filed for Canada's First Actively Managed Marijuana ETF

TORONTO, Jan. 12, 2018 /CNW/ - Evolve Funds Group Inc. ("Evolve ETFs") is pleased to announce that it has filed a preliminary prospectus with the Canadian securities regulators for Canada's first actively managed marijuana ETF, The Marijuana ETF ("SEED"). SEED is designed to provide Canadian investors with long-term capital appreciation by actively investing in a diversified mix of equity securities of issuers that are involved in the marijuana industry.

"Globalization could be the next wave of growth in the marijuana industry," said Raj Lala, President & CEO of Evolve ETFs. "SEED is a way for investors to benefit from active management, as the marijuana industry continues to develop domestically and globally."

SEED may invest in equity securities of companies listed domestically and globally, and other companies, with business activities in the recreational and/or medical marijuana industry. Evolve ETFs, a registered investment fund manager and portfolio manager, will act as promoter, manager, trustee and portfolio manager of SEED and will be responsible for the administration of SEED.

A preliminary prospectus containing important information relating to securities of the Evolve ETF has been filed with the securities commissions or similar authorities in all provinces and territories ofCanada. The preliminary prospectus is still subject to completion or amendment. A copy of the preliminary prospectus is available on SEDAR (www.sedar.com). There will not be any sale or acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.
Newbie
Dec 22, 2015
27 posts
7 upvotes
Toronto
cloakster wrote:
Jan 12th, 2018 7:20 pm
As marijuana is still federally illegal in the US, any cannabis company listed on the CSE (CNSX) are allowed to operate in the US as long as they disclose that to investors. Now they announced they are reconsidering that stance. Hopefully they don't want to de-list a company for that.
So stocks like MPX etc, what would happen to owned shares if they de-list? Or dare I ask?
Deal Addict
Mar 22, 2012
1897 posts
288 upvotes
Toronto
From +500 to -2500 in 3 days :(

Ended up buying more to dilute it.
Newbie
Sep 6, 2014
63 posts
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johanscott wrote:
Jan 12th, 2018 8:10 pm
From +500 to -2500 in 3 days :(

Ended up buying more to dilute it.
In case it makes you feel better, -60K here in last three days. :-)
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Jul 11, 2011
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Ontario
New bill would let states legalize weed without fear of the federal government

12 January, 2018
New bill would let states legalize weed without fear of the federal government

On Thursday (Jan 11), members of Congress came to the rescue of recreational marijuana states by introducing a bill to protect them from federal prosecution and allow each state to decide whether they would like to have legal marijuana.

Democrat Representative Barbara Lee of California is the main sponsor of the bill known as resolution HR 4779.
“The federal government should respect the will of the voters in states that have voted to decriminalize cannabis,” The congresswoman said, “It’s time to stop wasting taxpayer money on the failed War on Drugs.”

Under the Controlled Substances Act of 1971, cannabis is still considered illegal nationwide contradicting the laws passed in states that have legalized.

The legislation was introduced by Lee as the REFER Act, and according to the congresswoman, would “prevent the Attorney General and others in the Trump Administration from stifling the budding cannabis industry,” Lee said adding that, “If the federal government chooses to interfere in these state matters, it’s up to Congress to prevent this harmful overreach.”

BarbaraLee New bill would let states legalize weed without fear of the federal government

The bill proposes the same type of restrictions on federal law enforcement which are currently given to medical marijuana states through the Rohrabacher–Blumenauer amendment which blocks the Department of Justice from spending any money on enforcing the federal law in medical marijuana states.

If passed, the REFER Act would prevent the DOJ from spending any money to, “detain, prosecute, sentence, or initiate civil proceedings against an individual, business or property that is involved in the cultivation, distribution, possession, dispensation, or the use of cannabis in accordance with the law or regulation of the state or unit of local government in which the individual is located.”

Where this new bill goes even further than previous legislation is in its protection of banks which have been reluctant to do business with the cannabis industry but have recently begun to open their door to these businesses. The law would prevent the DOJ from going after these banks, “solely because the institution provides financial services,” to cannabis businesses.

1599px Vermont State House Representatives Hall New bill would let states legalize weed without fear of the federal government

Eight states and the District of Columbia have legalized the recreational use of marijuana by a popular vote. Additionally, Vermont and New Hampshire both have legalization on that table and are expected to legalize recreational use early in 2018. Joining them in the fight for legalization, newly elected governor of New Jersey, Phil Murphy, pledged to sign a legalization bill.

On January 4th, just days after California officially legalized and became the world’s largest cannabis market, Attorney General Jeff Sessions rescinded the previous administration’s protections for legal states known as the Cole Memo.

The bill is sponsored by four other members of the House including, Don Young a Republican from Alaska where recreational cannabis is legal. The list of sponsors also includes Rep. Earl Blumenauer, one half of the bipartisan team that put together the most recent version of the Rohrabacher-Blumenauer amendment which has protected medical marijuana states since 2014.
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Mar 22, 2012
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Toronto
chappanteekli wrote:
Jan 12th, 2018 8:43 pm
In case it makes you feel better, -60K here in last three days. :-)
Ouch. I'm still kinda new to this though but didn't panic. Seems like you're a pro at this lol.
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Apr 21, 2004
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chappanteekli wrote:
Jan 12th, 2018 8:43 pm
In case it makes you feel better, -60K here in last three days. :-)
I can only start to imagine how much money you already made (hopefully) before this drawdown.

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