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3 hours ago, AriGold2.0 said:

Would love to see peoples thoughts on Marijuana stocks ?

 

Own any ? (Post screen shots)

 

I'm looking to get into a few, I have 1 specifically I like but want to see what your thoughts are?!

 

P.S. I personally think Weed stocks will be the talk of this coming week.

Back in the day my winners were canopy, cronos and aurora... I'm not in any now but if I were to go back in it would be canopy and cronos

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22 minutes ago, NucksPatsFan said:

@AriGold2.0 @I.Am.Ironman What do you guys think of these 2:

 

 Collective growth corp - Former Canopy CEO Linton is involved

 

CuraLeaf - good US expose. 

" The company currently operates in 17 states with 57 dispensaries, 15 cultivation sites and 24 processing sites."

I will do some deeper DD but I like Cronos for some very awesome reasons.

 

1. Altria owns 45% of Cronos and they are the reason Marlboro was about 50% of cigarettes smoked in the USA. CRON with Altria, has the time, expertise, and balance sheet to wait for clear guidelines to be issued by the FDA, and, once the coast is clear, CRON has the firepower to dominate the US CBD market.

2. They're Debt free and have enough cash for 5-6 years of operation. Currently around 1.3B in cash and 1.7B in equity. (WOW)

3. Only 35% of shares are owned by the general public. Rest are private companies and institutions.

 

Edited by AriGold2.0
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30 minutes ago, NucksPatsFan said:

@AriGold2.0 @I.Am.Ironman What do you guys think of these 2:

 

 Collective growth corp - Former Canopy CEO Linton is involved

 

CuraLeaf - good US expose. 

" The company currently operates in 17 states with 57 dispensaries, 15 cultivation sites and 24 processing sites."

Won't bother looking at CuraLeaf as it's not traded on an American Exchange (don't like OTC or TSX)

 

Collective is a Spec company, will wait for an announcement or a pending merger to check it out. I'm sure most of the big weed companies are already publicly listed. I wonder who's the next 3 biggest non traded companies ?!

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58 minutes ago, NucksPatsFan said:

@AriGold2.0 @I.Am.Ironman What do you guys think of these 2:

 

 Collective growth corp - Former Canopy CEO Linton is involved

 

CuraLeaf - good US exposure.

" The company currently operates in 17 states with 57 dispensaries, 15 cultivation sites and 24 processing sites."

Honestly I am pretty out of date on the sector, I've never heard of CuraLeaf. I like Cronos because as ari said they are pretty responsible financially in a sector that still sees a lot of volatility. Both Cronos and Canopy have USA exposure which is why those would be my choices

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For long term holders of stocks conditions call for a more conservative positioning. SOme selected selling into existing strength might be wise. My cash and equivalents are at 25% and moving to 35%. Managing my capital gain exposure down in anticipation of reduced capital gain deduction. 

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1 hour ago, Boudrias said:

For long term holders of stocks conditions call for a more conservative positioning. SOme selected selling into existing strength might be wise. My cash and equivalents are at 25% and moving to 35%. Managing my capital gain exposure down in anticipation of reduced capital gain deduction. 

I'm still 45% cash. Still not completely trusting this market. Hoping to have some cash on hand to capitalize in the event of another significant drop.

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9 minutes ago, I.Am.Ironman said:

I just sold half of my GNUS at 4.72ish.. locked in some profits. Maybe I am the dumb money?

We're all dumb money. :lol:

 

 

Had a couple nice scalps today. Been holding BIOC since 0.45 and sold 80% at 0.71 gonna let 20% (free shares) ride the covid wave. 

 

Got into BIOL at at .47 hoping to see it break its 50 cent resistance this week and hopefully return 20+%. 

 

Loaded up on FRSX at 1.14 as they have some good announcements pending. 

 

 

 

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1 hour ago, NucksPatsFan said:

Alibaba and Arnold news and it's battling with 4.5 resistance. Need the dumb money to leave and smart money to enter. 

Take note of how Arnold chose to take his compensation. He took it in warrants. Looks like this company is addicted to issuing warrants and diluting existing shareholders.

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21 minutes ago, nuckin_futz said:

Take note of how Arnold chose to take his compensation. He took it in warrants. Looks like this company is addicted to issuing warrants and diluting existing shareholders.

Yup. Hopefully he starts pumping GNUS so he gets a bigger return from his warrant price lol.

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4 minutes ago, NucksPatsFan said:

Yup. Hopefully he starts pumping GNUS so he gets a bigger return from his warrant price lol.

All I know is if I had warrants at say 25 cents and could turn that into $4.5+. I'd be tapping out so fast my keyboard would be smoking.

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1 hour ago, Kooner91 said:

I was wondering if you guys have any alternatives to thinkorswim for the tools they have? 

trading view is free and good. Has a dark mode too if you're like me and like dark charts with bright lines instead of bright charts with dark lines 

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