How is the marijuana sector looking long term? Everything is basically at all time lows and may even go lower if there is a correction/bear market due to the coronavirus impact.

What are the current problems with the sector? Too much supply and not enough demand? More US states should be legalizing in 2020, federal legalization seems inevitable as does in some other countries.

The problem in Canada seems to be not enough stores and too much red tape with licenses and opening new shops. The sentiment as that they have botched legalization here and it doesn’t help with most companies losing money or some that have been involved in unethical/shady deals. I’ll admit I loaded up on CGC at 7% down an hour ago.

Plus the product is mostly dogshit, lol.

Some is ok

Saw TGODF reported earnings yesterday. ... $140M~ loss? Wtf. Shares down to $0.25 ... I've been out for a while, but wow. This whole thing, what a lesson.

Yeah, lol. My shares are down 92%. Reached a point where it wasn't even worth selling a while ago, and it just gets worse and worse. They are toast. Canada really ****ed up their golden goose tbh.

Maybe USA won't be any better, but there will likely be a boom 2.0 if/when they are allowed to hit the markets

The weedstocks subreddit sounds like the bitcoin subreddit during the bubble pop. An echo chamber of ill-informed people who invest too much in a risky, niche sector.

So who buys up the ACB parts for pennies on the dollar? Which pharma company?

Most of these can't even dilute now. Road to 0.


So who do we like for the recovery?

Aphria, Valens, who else? Guess the American companies have way more runway. I really need to brush up on them.

I just sold apha at big loss to move on, but after following that industry daily Aphria seems like the best bet. They had a 100m investor in January and since the price has fallen 50%, a few more bad weeks and were nearing IPO prices at this rate. If I make money anywhere else maybe I'll buy back in. Not yet though.

Are any of the etfs any good? There's MJ which has some non-marijuana stuff in it. Then there's YOLO and THCX which are supposed to be pure marijuana etfs. They're all down about 30% in the last month. They're all relatively expensive too at 70 or 75 basis points. Or since every broker has free trades now would it be better to just make my own ETF with 5-10 of the top companies?

Well since the industry seems to move together the etf is probably slightly less risk but won't make much differernce, but they will have some bad companies in there obviously. You are probably better off picking 5 of the top companies though. Aphria is not too far off their cash position in market cap. If I had extra cash I would probably buy back in, I think another 10% will be the bottom. On reddit weed stocks you can do enough research to pick 5 or 6 good companies, most are aphria holders there and they do have a case for them having the most upside. They have earnings in a month and it should be decent.

I would wait for another dip and buy in next week. I would probably not set a stop loss if I bought back in, they were already mostly down more than 50% from highs before the virus hit and most have gone another 50% down in the last 6 weeks.

I'm shorting ACB into a pile of ash (hoping for reverse split first), but I gotta admit some of these distressed plays might still be worthwhile longs. I'm really struggling on choice as there's only so much $ to go around.

YOLO max chart is too good to be real.

holding MJ puts...still a few puffs left in this cigar.

Another 25% I think would make a lot of these companies good buys.

I would be careful though as a lot of these stocks didn't rally with the market Friday.

That’s the beauty of weed stocks, the market rips and they do nothing, market tanks and they plummet just as hard if not harder. I think people are more likely to liquidate their speculative investments first.

I did sell everything Monday or Tuesday last week. I just think these companies will hit a spot where they are good deals faster than everything else and become buys. Im not an expert, but I have followed the sector daily for months and researched quite a lot. For example Aphria I think will be a very good buy long term if it drops another 20%. It is now, but will probably keep dropping. They were one of the profitable ones and took a 100m investment the last week of January and have a lot more cash too.

Now THAT is a bounce

Sold 1dte tilray 9.50 calls for 1.03 lol

What does 1DTE mean?

I googled it and it came with an Iron condor strategy.

Does that mean you sold a call and a put in-between the price?

1 day to expiration

Out at .5

still a commodity racing to the bottom

Yeah, days like today just give opportunity to buy puts, short shares, or sell calls. Might even see a few more up days at this rate

Thread seems ripe for resurrection with a possible Biden win looming. Anyone following this industry and want to chime in with thoughts? I don't know much about it but started building a position with APHA today, like where it looks on the longterm chart and seems like it's been beaten down a little too much. Saw Green Thumb and Trulieve recently had big spikes up after well-received earnings but have no clue how reasonable their current valuations are.