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Old 11-12-2018, 10:11 AM   #201
ElSapo
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Re: Wanna get high? ... Investing in marijuana

Four companies report earnings this week, starting with ACB today:

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Shares of Aurora Cannabis Inc. surged 3.3% in premarket trade Monday, after the Canada-based cannabis company reported Monday fiscal first-quarter net earnings that rose to $105.5 million from $3.6 million a year ago, and from $79.9 million in the previous quarter. Total revenue rose 260% from a year ago and 55% from the previous quarter to $29.7 million, while cannabis revenue jumped 236% from last year and 65% from last quarter to $24.6 million. The average selling price per gram of dried cannabis grew 15% from a year ago to $8.39, while the cash cost per gram fell 12% to $1.90. For cannabis extracts, the net selling price per gram fell 26% to $12.12, while costs declined 22% to $1.45. Active registered patients rose 250% to 67,484. The company the jump in net earnings was primarily attributable to unrealized non-cash gains on derivatives and marketable securities. "The commencement of adult consumer use sales in Canada has been very successful for Aurora, with strong performance across all product categories and brands," said Chief Executive Terry Booth. "Given the strong unmet consumer demand evident across Canada, we are confident that our rapidly increasing production capacity will result in continued acceleration of revenue growth." The stock has rallied 58% over the past three months while the ETF MG Alternative Harvest ETF (MJ) has climbed 22% and the S&P 500 has slipped 1.8%.
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Old 11-12-2018, 11:58 AM   #202
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Re: Wanna get high? ... Investing in marijuana

ACB tanking on that right now is curious. Great numbers if you ignore only pulling in about 20mil. Will be interesting to see what happens this week. Another flush in progress?
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Old 11-12-2018, 12:31 PM   #203
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Re: Wanna get high? ... Investing in marijuana

I'm seeing articles saying Aurora stock surged but the stock is in toilet. What is going on?
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Old 11-12-2018, 12:34 PM   #204
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Re: Wanna get high? ... Investing in marijuana

Everything is down. Marijuana stocks spiked on the open but have fallen with everything else.
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Old 11-12-2018, 02:52 PM   #205
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Re: Wanna get high? ... Investing in marijuana

Well this is lots of fun. I'm really glad I decided to get back into the market, and specifically to invest in cannabis stocks. This is all going how I planned it. This is great.
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Old 11-12-2018, 06:08 PM   #206
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Re: Wanna get high? ... Investing in marijuana

El, long and strong. This is as much of support group at this point as it is a trading discussion .
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Old 11-12-2018, 06:25 PM   #207
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Re: Wanna get high? ... Investing in marijuana

Everything is down today, not just pot ����*♂️
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Old 11-12-2018, 08:56 PM   #208
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Re: Wanna get high? ... Investing in marijuana

Quote:
Originally Posted by ElSapo View Post
Well this is lots of fun. I'm really glad I decided to get back into the market, and specifically to invest in cannabis stocks. This is all going how I planned it. This is great.
good rule: if you're feeling fomo, it's already too late.
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Old 11-12-2018, 09:30 PM   #209
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Re: Wanna get high? ... Investing in marijuana

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good rule: if you're feeling fomo, it's already too late.
Seems like excellent advice, something to watch for. Thanks.
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Old 11-15-2018, 12:05 PM   #210
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Re: Wanna get high? ... Investing in marijuana

Acreage holdings went public, as far as I can see it is unavailable to purchase for americans.
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Old 11-15-2018, 06:28 PM   #211
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Re: Wanna get high? ... Investing in marijuana

Quote:
Originally Posted by ElSapo View Post
Well this is lots of fun. I'm really glad I decided to get back into the market, and specifically to invest in cannabis stocks. This is all going how I planned it. This is great.
Sell short?
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Old 11-15-2018, 07:21 PM   #212
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Re: Wanna get high? ... Investing in marijuana

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Sell short?
You got the first letter right. Sarcasm.
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Old 11-15-2018, 08:30 PM   #213
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Re: Wanna get high? ... Investing in marijuana

Quote:
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good rule: if you're feeling fomo, it's already too late.
This rule is what caused me to not buy amazon in 2007.
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Old 11-15-2018, 08:31 PM   #214
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Re: Wanna get high? ... Investing in marijuana

So what outlets are US folks using to trade Canadian stocks?
Any experience with https://www.interactivebrokers.com ?
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Old 11-15-2018, 08:35 PM   #215
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Re: Wanna get high? ... Investing in marijuana

Schwab, Td Ameritrade, Fidelity all have most of them. If one doesn't have the other often does.
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Old 11-15-2018, 08:42 PM   #216
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Re: Wanna get high? ... Investing in marijuana

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This rule is what caused me to not buy amazon in 2007.
would have been a 16-bagger over a decade, big woop.
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Old 11-15-2018, 08:47 PM   #217
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Re: Wanna get high? ... Investing in marijuana

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would have been a 16-bagger over a decade, big woop.
I bought penny stocks instead because I was 19 and even dumber than I am now.
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Old 11-16-2018, 11:03 AM   #218
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Re: Wanna get high? ... Investing in marijuana

All the Canadian stocks have been available to me on TD
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Old 11-27-2018, 08:44 PM   #219
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Re: Wanna get high? ... Investing in marijuana

lol yesterday the government took Weed off Health Canada's docket, and moved it over to the Minister of Border Security and Organized Crime Reduction.

That's a nice bait and switch.
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Old 12-22-2018, 02:45 PM   #220
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Re: Wanna get high? ... Investing in marijuana

Outside of the usual, starting to watch SNN, TNY and TGIF again.

Sunniva really getting hammered. Like their long term prospects a lot. Just have to check on any upcoming dilution, but beyond that they're probably one of the best values in the space given all the markets they want to serve and how battered their share price is.
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Old 12-27-2018, 11:53 AM   #221
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Re: Wanna get high? ... Investing in marijuana

I've been buying Aphria... risky. Price depressed by short report that seems to be 98% illegitimate. I don't see how they are.. not even 20% of canopy market cap considering they have similar production capacity and higher rated product. January 11th earnings could be a big catalyst.

Sector seems too be valued too low now. Maybe the rec earnings reports will provide a boost.
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Old 12-27-2018, 01:43 PM   #222
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Re: Wanna get high? ... Investing in marijuana

I bought Hexo and TGOD today. ... TGOD should begin showing revenue in January from its medical service, and gets hopes to get rec production going Q1.
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Old 12-27-2018, 02:30 PM   #223
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Re: Wanna get high? ... Investing in marijuana

OH (origin house now cannaroyalty) is the one I'm looking to for USA.
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Old 12-27-2018, 06:05 PM   #224
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Re: Wanna get high? ... Investing in marijuana

Aphria stock soars as pot producer receives takeover bid
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Old 12-28-2018, 01:56 AM   #225
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Re: Wanna get high? ... Investing in marijuana


Will be interesting to see what happens to the calls I've been accumulating the last 2 weeks. Some of them are at $10 U.S., well below the buyout offer.

The buyout offer looks like complete garbage though. If it goes through it will be a crime.
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