Thank you! Yes, I am already maxed out for 2017 and years before. Cheers!!
Cannabis (Marijuana) Stocks
- Last Updated:
- Mar 27th, 2024 10:47 pm
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- SCORE+66
- chappanteekli
- Jr. Member
- Sep 6, 2014
- 154 posts
- 139 upvotes
- canoek
- Deal Fanatic
- Jul 30, 2015
- 5100 posts
- 4404 upvotes
- Toronto, ON
I never understand this logic. Why go cash? Set a stop/limit about 1-2% below the current value and let it rise. You have locked the gains, but you can still benefit from a further rise in value. You can keep increasing that floor as the value rises (if it does). Unless of course you need the money.
- RedLego
- Sr. Member
- Apr 26, 2010
- 923 posts
- 187 upvotes
- Richmond Hill
Full disclosure, I work for Scotia and they required me to move all investments in house.White Comet wrote: ↑ I'm thinking of switching as well...is Scotia iTrade or CIBC Investor's Edge better?
If you are planning to transfer over, please note that it generally cost $150+tax per account and Scotia was only willing to cover 1 of my accounts. Secondly the two times i had to call Scotia ITrade customer service took me over 1-1.5 hrs each. Just a little FYI.
- MikeZ13
- Member
- May 3, 2015
- 401 posts
- 160 upvotes
- Toronto, ON
Hey guys,
Interested in looking into some marijuana stocks, any thoughts on ones to begin with/good places to get info? Also, is anyone here trading through Questrade, or are other brokers preferable?
Cheers
Interested in looking into some marijuana stocks, any thoughts on ones to begin with/good places to get info? Also, is anyone here trading through Questrade, or are other brokers preferable?
Cheers
- hebsie
- Temp. Banned
- Jul 11, 2011
- 4978 posts
- 3330 upvotes
- Ontario
Stop limits at 1-2% don't work in this sector, especially on days like Friday where things gain/dump 20-30% all day longcanoek wrote: ↑ I never understand this logic. Why go cash? Set a stop/limit about 1-2% below the current value and let it rise. You have locked the gains, but you can still benefit from a further rise in value. You can keep increasing that floor as the value rises (if it does). Unless of course you need the money.
- bomber17
- Deal Fanatic
- Apr 5, 2016
- 6116 posts
- 4613 upvotes
- Calgary/Vancouver
- herculesmaxpower
- Sr. Member
- Dec 31, 2015
- 858 posts
- 234 upvotes
Hmm looking at buying companies with exposure in cali. TGIF has had an insane run lately. What other companies are out there other than LDS with operations in cali?
- PapaQBear
- Deal Addict
- Jan 26, 2010
- 1048 posts
- 853 upvotes
- Milton
I use Questrade, $4.95-$9.95 per trade, but they charge ECN fees. Ways to get around those though (100-multiple lot, limit orders below bid or above ask). I heard the big banks like CIBC don't charge ECN fees. May consider switching at some point, although I've been pretty happy with Questrade (apart from the occasional ECN fees I get dinged with when I have to buy at market price)
- MikeZ13
- Member
- May 3, 2015
- 401 posts
- 160 upvotes
- Toronto, ON
Great, thanks for sharing. Do people have any thoughts on the top 3-5 stocks to look at/get in on at this point? Or suggested areas for reading?PapaQBear wrote: ↑ I use Questrade, $4.95-$9.95 per trade, but they charge ECN fees. Ways to get around those though (100-multiple lot, limit orders below bid or above ask). I heard the big banks like CIBC don't charge ECN fees. May consider switching at some point, although I've been pretty happy with Questrade (apart from the occasional ECN fees I get dinged with when I have to buy at market price)
- slotscanada
- Deal Addict
- Sep 10, 2003
- 1668 posts
- 194 upvotes
- Hamilton
My picks would be: fire, Namaste, and hvst. Based on hope more than anything, lol
50% back at Home Depot & Ebay and 100% at AliExpress - NO WAY!
social-good-rebate-up-100-aliexpress-dh ... #p35066583
social-good-rebate-up-100-aliexpress-dh ... #p35066583
- MikeZ13
- Member
- May 3, 2015
- 401 posts
- 160 upvotes
- Toronto, ON
These are all Canadian listed?slotscanada wrote: ↑ My picks would be: fire, Namaste, and hvst. Based on hope more than anything, lol
- azncapcom
- Deal Fanatic
- Aug 9, 2009
- 6245 posts
- 1779 upvotes
Depends on your risk level. Low risk would be big three. Everything else is pretty much high risk.
Namaste just had a big correction, so it could possibly be a good entry point now.
I am hoping ACB deal with cmed not go through so cmed can acquire HIP (which I am currently holding)
- slotscanada
- Deal Addict
- Sep 10, 2003
- 1668 posts
- 194 upvotes
- Hamilton
HVST holds United Greeneries and Satipharm. Their stock has a 4.8 price/book ratio meaning the market price is not overly inflated and investors will get a healthy amount of equity with each share they own. They have 0 debt and very few liabilities. HVST is also expanding as they recently secured a land deal for just under $1M to grow cannabis outdoors in British Columbia. United Greeneries is also set to expand by 35,000kg per year by 2018.
Looking to add more HVST on dips!
Looking to add more HVST on dips!
50% back at Home Depot & Ebay and 100% at AliExpress - NO WAY!
social-good-rebate-up-100-aliexpress-dh ... #p35066583
social-good-rebate-up-100-aliexpress-dh ... #p35066583
- Arrgh
- Deal Fanatic
- Feb 15, 2006
- 9183 posts
- 3861 upvotes
- Toronto
When I transferred acounts over to iTrade, they covered the transfer fees of every account.RedLego wrote: ↑ Full disclosure, I work for Scotia and they required me to move all investments in house.
If you are planning to transfer over, please note that it generally cost $150+tax per account and Scotia was only willing to cover 1 of my accounts. Secondly the two times i had to call Scotia ITrade customer service took me over 1-1.5 hrs each. Just a little FYI.
As for telephone services, in my experience the iTrade CSRs are much more experienced and know what are being discussed, while TD DI CSRs are often clueless and with problems point fingers at each other. I don't know about recent call wait times during the holidays, but iTrade was never too long.
- jfall
- Deal Addict
- Oct 11, 2010
- 1013 posts
- 345 upvotes
- Charlottetown
These are my recommendations to you after being in this sector for over a year and doing pretty well. Do your own DD of course, I'm just giving you some to start with:
MARI
HVST
VFF
EMH
ABCN
THCX
- userID
- Jr. Member
- Jun 9, 2015
- 105 posts
- 32 upvotes
- Scarborough, ON
Interesting scenario...if ACB / CMED goes through, HIP shares will probably drop.azncapcom wrote: ↑ Depends on your risk level. Low risk would be big three. Everything else is pretty much high risk.
Namaste just had a big correction, so it could possibly be a good entry point now.
I am hoping ACB deal with cmed not go through so cmed can acquire HIP (which I am currently holding)
if ACB / CMED does not go through, CMED shares will drop and therefore HIP is not worth as much........(33 shares CMED for every 1,000 shares of HIP)
- Ramblings
- Member
- Dec 22, 2008
- 370 posts
- 98 upvotes
- Toronto
- kilburn305
- Deal Addict
- Aug 16, 2015
- 1201 posts
- 516 upvotes
So I can safely buy all of the Canadian weed stocks using USD on OTC in my TFSA without being penalized?
I think it was already answered but I just want to confirm before doing it next week!!
I think it was already answered but I just want to confirm before doing it next week!!
- Canuck3
- Newbie
- Jul 27, 2012
- 27 posts
- 9 upvotes
- YVR
LDS seems to be the best play for California from what I could find. With legalization today and a larger population than all of Canada combined, it looks like it's probably worth a gamble.herculesmaxpower wrote: ↑ Hmm looking at buying companies with exposure in cali. TGIF has had an insane run lately. What other companies are out there other than LDS with operations in cali?
- MikeZ13
- Member
- May 3, 2015
- 401 posts
- 160 upvotes
- Toronto, ON
Thanks for the info! Are these all Canadian listed? I generally by etfs which are listed with .TO. When I check these (HVST for instance), I see multiple options with endings of: .db, .vn and .wt. Any insights on this?
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