Investing

Marijuana Stocks

  • Last Updated:
  • Feb 23rd, 2018 3:15 pm
Newbie
Jan 25, 2018
19 posts
2 upvotes
They will either be bought out or just run out of money when people put everything in the big 3. Im thinking it will be the latter. Just like big tobacco.
Deal Addict
User avatar
Sep 10, 2003
1514 posts
101 upvotes
Hamilton
pizdets17 wrote:
Feb 13th, 2018 5:27 pm
They will either be bought out or just run out of money when people put everything in the big 3. Im thinking it will be the latter. Just like big tobacco.
At the infancy of tobacco commercialization almost a hundred years ago there were dozens and dozens of small companies. Fast forward a few decades and it created great empires like Imperial and Philip Morris. It took decades for all that consolidation.

On th3 topic of tobacco I’m actually hoping a lot of thes3 tobacco companies start diversifying further and buying up these MJ companies.
Newbie
Jan 25, 2018
19 posts
2 upvotes
Reason it took decades is that the stock papers had to bear shipped via horse. A little faster than that nowadays. I think some of the smaller players will just run out of money. Most of these small guys have liabilities that are 2-3 times their assets. Nobody will be buying them out, they will just watch them evaporate.
slotscanada wrote:
Feb 13th, 2018 6:20 pm
At the infancy of tobacco commercialization almost a hundred years ago there were dozens and dozens of small companies. Fast forward a few decades and it created great empires like Imperial and Philip Morris. It took decades for all that consolidation.

On th3 topic of tobacco I’m actually hoping a lot of thes3 tobacco companies start diversifying further and buying up these MJ companies.
Sr. Member
Feb 27, 2015
907 posts
416 upvotes
Toronto, ON
exit99 wrote:
Feb 13th, 2018 11:25 am
The rumors are that the WEED fin. are not very good...
zaidyboy wrote:
Feb 13th, 2018 11:35 am
where did you read that?
Sauce?

Or BS?
Newbie
Jan 25, 2018
19 posts
2 upvotes
most of these companies post negative income, due to the massive expansions and acquisitions. And their stock still goes up every time that announcement is made. And then goes down a few hours later.
Deal Addict
Mar 22, 2012
1496 posts
137 upvotes
Toronto
Stocks go down whenever there is good news from my short experience in this industry lol.

They can acquire new space, have an agreement, etc and it'll go down lol.
Deal Addict
Mar 22, 2012
1496 posts
137 upvotes
Toronto
pizdets17 wrote:
Feb 13th, 2018 5:27 pm
They will either be bought out or just run out of money when people put everything in the big 3. Im thinking it will be the latter. Just like big tobacco.
This is my biggest fear. I am down nearly 40% on some smaller stocks. Holding long term, I don't have a problem but I fear that they will be bought at a price that is lower than what I originally paid for (since I bought some of them near ATH).
Newbie
Jan 25, 2018
19 posts
2 upvotes
Thats why im sticking with the bigger guys for now. That might change at legalization but for now somehow I feel safer
Deal Addict
Mar 22, 2012
1496 posts
137 upvotes
Toronto
I have a piece in the bigger guys but some of the smaller guys I am with (CBW, HVST, etc) look as if they might stick it out longer but you never know. Itèll be a long road for me to make profit on some of these guys.
Member
Jul 4, 2017
259 posts
48 upvotes
/r/wallstreetbets is already talking about SPY collapsing tomorrow, which makes me think it'll have a nice bull run and end green

Although I hope it crashes, I wouldn't mind buying some cheap weed stocks lol
Deal Addict
Mar 22, 2012
1496 posts
137 upvotes
Toronto
Hope tomorrow isn't going to be known as Valentine's Day Massacre.
Deal Addict
User avatar
Jul 11, 2011
1552 posts
735 upvotes
Ontario
Gonna be a green start to the day, lots of positive news today.

Canopy earnings, Quebec LOIs
THCX - 20,000kg
WEED - 12,000kg
APH - 12,000kg (up to)
LEAF - 8,000kg (minimum per year for 3 years)
ACB - 5,000kg (minimum)
Tilray - 5,000kg (up to)

Canopy Growth Corporation Reports Third Quarter Fiscal 2018 Financial Results: Focussed on Execution
https://www.newswire.ca/news-releases/474025453.html

Canopy Growth posts surprise profit as quarterly sales surge 123%
https://www.bnn.ca/canopy-growth-posts- ... 3-1.998665

---------------------

Canopy Growth signs letter of intent with Société des alcools du Québec
https://www.newswire.ca/news-releases/c ... 24343.html

Aphria signs letter of intent with SAQ to supply up to 12,000 kg of cannabis annually to Quebec market
https://www.newswire.ca/news-releases/a ... 24283.html

Hydropothecary signs letter of intent to supply Québec market
https://globenewswire.com/news-release/ ... arket.html

Aurora signs LOI with the Société des Alcools du Québec to Supply Cannabis for Quebec Adult Consumer Market
https://www.newswire.ca/news-releases/a ... 24313.html

MedReleaf signs LOI to supply the Province of Quebec with 8 tons of cannabis for the adult use market:
https://investors.medreleaf.com/press-r ... fault.aspx

Tilray :® Signs Letter of Intent with Société des alcools du Québec (SAQ) to Supply Province with Cannabis
http://www.4-traders.com/news/Tilray-Si ... -25990799/

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