CGC is the defacto leader out of Canada, so while I think it's overpriced, it deserves a bit of a premium. I didn't buy today, but was watching it closely around 40 to find a reentry around 38-39. 45 isn't egregious. You're probably right about CGC buying up anything they can. Tilray is still plummeting steadily so no one else can compete.

Still can't wrap my head around acreage getting a free 300 million for existing and their stock is down on the day. Their cap is only 1b.

That's why I was thinking Acreage holders may not be happy. If you buy acreage it's probably partly because you think U.S. is undervalued relative to canopy. But now you're locked in to Canopys price. Acreage holders probably thought Canopy has 20% or 50% upside at the most, but wouldn't be surprised if it's priced the same or less in 2 years. They probably thought Acreage was a double with 3-4x upside over the next 2 years.

There would have to be some sort of change if acreage is worth 100 and cgc is 40. That would completely screw shareholders. Maybe they have reasonable assurance this will happen very soon, though that seems highly unlikely. I'm sure some posters here have actual experience on this issue but they never post in this thread lol.

At this point though that would never happen. They'll trade according to that ratio until the deal is complete. Should be at least a year before the deal goes through.

TGOD got approval to sell oils. This strikes me as very good news, but with sales still minimal its tough to think it will move the needle for share price.

I don't know what to think about this press release. Anyone have an impression?

There are several companies getting into oil. A notable one is OILS.CN (Nextleaf) (C.OILS / NXEAF) that had a bunch of puff pieces on the internet claiming to be the first patent of extraction tech. If any company can just come up with a slightly varying process it makes me more skeptical of the smaller extraction-exclusive plays.

Sapo, I think tgodf has been overlooked as a potential player. Maybe it's justified, I dunno. I wouldn't count on any big movement until there is some wide spread American news. They need to post some big sales on a ER, or have some analyst give them big attention. I think they are more of sitting around and hoping for a home run sometime down the road.

They are up 5%, but everything is up 5%. It's like a courtesy to 4/20 weekend.

On the press release ... there's just something about the way it's written that bothers me.

Yeah, nice little bump today after getting beat up for a couple of weeks (TGOD). But I wholly agree they need a some kind of a significant catalyst if the share price is going to move. Late this year or early next, I think is when significant sales will ramp up. That's what I'm really looking for, assuming no other major news.

I've emailed Hexo 4 times in the past 3 months trying to get them to explain the mechanics of HYYWF and they don't respond. I just want to know if they operate the same as the hexo.wt txh warrant or if it's different because I'm on the NYSE

This was an excellent interview with Harvest Health CEO Steve White about the US business landscape right now, possible deals, price collapse, etc.

I don't own this stock and have no opinion on it, but the interview jumped out as well-informed and insightful.

I'm going to find a spot to sell my tilray puts today. I think they are going to trade sideways into earnings. Some of the reports I've seen seem pretty optimistic on their earnings. They've tanked so much it really won't take a lot to stop the pain, imo.

I dunno what could catalyze ACB at this point. Articles have been trying to pump it for 2 months and it won't move. I stopped averaging down, but can't bring myself to close. Probably a poor decision.

This Hexo pump feels pretty good. I'd pretty much given up on it after it dropped to 6. No clue where it stops... The price target was 10$. I think the warrants are still a value for stock performance alone. More so if you can actually exercise them...

CGC is still meh, but sentiment and the idea that they will aggressively buy up companies leads me to believe they will soon handedly overtake tilray as the king of the space. If you're looking to invest they are probably the safest bet right now

ACB has a ton of people holding that stock. It is probably waiting til earnings

Yeah, I just saw today that ACB was the #1 stock on RH as far as #of users holding. Pretty crazy that its floundered so much imo. Probably not a good sign, but does show that there are a ton of eyes on the stock, at least.

Finally heard back from Hexo. HYYWF acts exactly the same as Hexo.wt
http://www.canadianwarrants.com/company/h/HEXO.html

Have been seeing lots of ogrmf and sprwf pr over the last few weeks. The former just filed to uplist, and that latter should be getting acquired sooner than later.

There have been a few announcements and bits of news from TGOD recently that seemed to have increased interest or sentiment. Oil sales this week, they are opening a second Jamaican dispensary this week, and (supposedly) the finalization of the Hamilton facility settlement.

Me, I don't think Hamilton is an issue. However, I see a lot of people on investor boards bitching about the delay .... and there isn't one, the city council voted. Which is followed, as is standard I think, by writing and signing of the actual agreement. That got pushed back a week, but the council vote was unanimous and someone said investor relations said the pushback was due to scheduling ...

Point being, if they sign the document this week, some people think that is significant. I don't, but I'd be happy to be wrong.

TGOD had a nice runnup on no news into earnings, and then pulled back, which is probably what you'd expect it to do. (I don't trade the stock, just hold my shares) ... but this recent round of events, I wonder if it doesn't start to edge up a little and hold there. The company's strategy does seem to be coming together.

Mexico is also a nice catalyst for them and a few others.

Wow, CannTrust (CTST) is getting killed pre-market, they priced at offering at $5.50/share ... that seems odd, when the shares have been trading higher (though falling) ...

Anyone looking at NDVAF as an edible play?

https://www.streetinsider.com/dr/news.php?id=15442221

Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) is pleased to announce that it has acquired German-based, Bionorica SE-founded C3 Cannabinoid Compound Company ("C3") in a transformative deal that will see established single cannabinoid medicines brought together with the world's leading full-spectrum medical cannabis offering.

The all cash-acquisition for €225.9 million (CDN $342.9 million) furthers Canopy Growth's expansion into European markets with prescription medicines and gives the Company immediate access to a wealth of knowledge and intellectual property that C3 has developed in its nearly 20 years of research and development into synthetic and natural cannabis medical products.

C3's primary medicinal offering is dronabinol, a pure chemical compound with standardized concentrations of tetrahydrocannabinol (THC), one of the active ingredients found in cannabis plants that is responsible for various pharmacological effects.

the bubble is popping

I dunno, I feel like the space has consolidated considerably and we are reaching the point of knowing who the legitimate players will be going forward

Haven't even got to the May 31 cbd hearing yet.

I'm still in the Canada massively overvalued u.s. undervalued camp.

I'm an idiot for buying canntrust with some of the red flags they had. 4th or worse fish in a small pond.

Do you like indus INDS?

TGOD has made several announcements lately and has scheduled and earnings call for next week. They've found an entry into the US market and a beverage partner, and landed a recreational supply deal in British Columbia.

Stock is still stuck, hated on stock forums and has low volume relative to companies I consider peers. Earnings next week should be the last of pre-operations, nil-revenues.

I am sticking with this and have added to my position, but still worry. It's not like their plans are a secret, so perhaps there is just something I am missing or don't understand. But management seems solid, I like what I hear from the CEO (at least, in softball interviews), the international strategy seems important and their beverage approach is differentiated.