Investing

Cannabis (Marijuana) Stocks

  • Last Updated:
  • Nov 26th, 2020 10:37 pm
Jr. Member
Sep 13, 2009
119 posts
51 upvotes
GTA
albogino wrote: Where do the chartguys think CGC is gonna consolidate? My guess is around $8-$9.
Here:s the 11 min video of their talk from yesterdays closing prices
Deal Expert
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Sep 19, 2004
23686 posts
5369 upvotes
where I belong
tfred99 wrote: positive article on the Globe and Mail website.
http://www.theglobeandmail.com//globe-i ... e32877359/
I read that
It "conveniently" left out the fact that they got halted many times and went from +20% to -15% (CGC) or ACB +50% to +12%...which would scare most people away
The company’s share price more than doubled this month, bringing its market value past $1.6-billion, on better-than-expected earnings and after U.S. elections widened the scope for legal marijuana. The stock was up as much as 33 per cent Wednesday, and was up 5.4 per cent to $14.17 as of 2:10 p.m. Toronto time.

Emerald Health Therapeutics Inc. jumped as much as 62 per cent intraday, and Aurora Cannabis Inc. climbed as much as 50 per cent.
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Newbie
Oct 20, 2016
23 posts
2 upvotes
anyone plan on buying some CGC tomorrow, if so what price are you looking for

people on stocktwits have some interesting ideas
Deal Addict
Aug 10, 2013
2716 posts
1952 upvotes
Reading alot on ST> General concensus appears its going to go up after a few days. Prepare for a drop to around 9 bucks a share....
Smash that like button!
Sr. Member
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Dec 12, 2005
819 posts
81 upvotes
The 905
I jumped on the bandwagon a few days ago at $9.41, I guess I should have jumped off when it hit $16, but my plan was always to hold long term, plus I really don't have time to monitor it all day long.
Deal Addict
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Feb 6, 2012
4891 posts
382 upvotes
Gloucester, Canada
CGC keeps on proving me wrong....
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Newbie
Oct 3, 2016
44 posts
4 upvotes
Another interesting article in the Financial post. http://business.financialpost.com/inves ... it-breaker

I find the last paragraph interesting.

“But unlike the past tech bubble there is a fundamental business to support here. People want recreational cannabis … If you have a longer investing horizon then you’ll do fine — these stocks will be trading higher a year from now than where they are trading today.”
Deal Addict
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Aug 19, 2007
1912 posts
82 upvotes
Mississauga
Anyone else expecting an opposite opening to yesterday? A quick crash followed by a recovery?
Deal Expert
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Apr 21, 2004
54063 posts
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With the run up, have these established an economic moat around themselves? Pricey stock = plenty if cash when doing secondary offerings.
Deal Addict
Nov 17, 2007
2104 posts
575 upvotes
Kitchener
Got some Canopy , Eat , Met, SL, ACB, Been in and out a couple of times on MGW. Made nice, not spectacular returns. Thinking of adding two thousand Finore, any thoughts?
Sr. Member
Feb 10, 2008
634 posts
281 upvotes
Toronto
fido1984 wrote: Anyone else expecting an opposite opening to yesterday? A quick crash followed by a recovery?
I sure hope so...I'm looking to get back in on CGC if it drops a little more.
Deal Addict
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Aug 19, 2007
1912 posts
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Mississauga
mrwally wrote: I sure hope so...I'm looking to get back in on CGC if it drops a little more.
Same. But judging by the pre-open bids, looks like the bulls might be back out.
Deal Addict
Mar 22, 2010
2878 posts
795 upvotes
fido1984 wrote: Same. But judging by the pre-open bids, looks like the bulls might be back out.
Premarket could be deceiving. Often times when market actually opens, bids just disappear.
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User avatar
Aug 19, 2007
1912 posts
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Mississauga
rapashoo wrote: Premarket could be deceiving. Often times when market actually opens, bids just disappear.
I agree, but 2000 bids....Im not jumping in just yet.

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