Wanna get high? ... Investing in marijuana - Page 9 - Business, Finances and Investing Forum

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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11-12-2018 , 11:58 AM

#202

btc

Challah Atcha

Join Date: Dec 2017 Posts: 2,576

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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11-12-2018 , 12:31 PM

#203

SuperSwag

Pooh-Bah

Join Date: May 2012 Posts: 5,765

I'm seeing articles saying Aurora stock surged but the stock is in toilet. What is going on?

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11-12-2018 , 12:34 PM

#204

ElSapo

Pooh-Bah

Join Date: Dec 2002 Posts: 5,471

Everything is down. Marijuana stocks spiked on the open but have fallen with everything else.

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11-12-2018 , 02:52 PM

#205

ElSapo

Pooh-Bah

Join Date: Dec 2002 Posts: 5,471

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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11-12-2018 , 06:08 PM

#206

btc

Challah Atcha

Join Date: Dec 2017 Posts: 2,576

El, long and strong. This is as much of support group at this point as it is a trading discussion

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11-12-2018 , 06:25 PM

#207

coordi

Carpal \'Tunnel

Join Date: May 2007 Posts: 22,804

Everything is down today, not just pot ��*♂️

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11-12-2018 , 08:56 PM

#208

Love Sosa

veteran

Join Date: Jan 2013 Posts: 2,308

Quote:

Originally Posted by ElSapo

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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11-12-2018 , 09:30 PM

#209

ElSapo

Pooh-Bah

Join Date: Dec 2002 Posts: 5,471

Quote:

Originally Posted by Love Sosa

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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11-15-2018 , 12:05 PM

#210

SuperSwag

Pooh-Bah

Join Date: May 2012 Posts: 5,765

Acreage holdings went public, as far as I can see it is unavailable to purchase for americans.

Quote

11-15-2018 , 06:28 PM

#211

Bill Haywood

Pooh-Bah

Join Date: Apr 2003 Posts: 5,149

Quote:

Originally Posted by ElSapo

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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11-15-2018 , 07:21 PM

#212

ElSapo

Pooh-Bah

Join Date: Dec 2002 Posts: 5,471

Quote:

Originally Posted by Bill Haywood

Sell short?

You got the first letter right. Sarcasm.

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11-15-2018 , 08:30 PM

#213

JKC

grinder

Join Date: Aug 2018 Posts: 548

Quote:

Originally Posted by Love Sosa

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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11-15-2018 , 08:31 PM

#214

Bill Haywood

Pooh-Bah

Join Date: Apr 2003 Posts: 5,149

So what outlets are US folks using to trade Canadian stocks?
Any experience with https://www.interactivebrokers.com ?

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11-15-2018 , 08:35 PM

#215

JKC

grinder

Join Date: Aug 2018 Posts: 548

Schwab, Td Ameritrade, Fidelity all have most of them. If one doesn't have the other often does.

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11-15-2018 , 08:42 PM

#216

Love Sosa

veteran

Join Date: Jan 2013 Posts: 2,308

Quote:

Originally Posted by JKC

This rule is what caused me to not buy amazon in 2007.

would have been a 16-bagger over a decade, big woop.

Quote

11-15-2018 , 08:47 PM

#217

JKC

grinder

Join Date: Aug 2018 Posts: 548

Quote:

Originally Posted by Love Sosa

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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11-16-2018 , 11:03 AM

#218

coordi

Carpal \'Tunnel

Join Date: May 2007 Posts: 22,804

All the Canadian stocks have been available to me on TD

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11-27-2018 , 08:44 PM

#219

rafiki

Carpal \'Tunnel

Join Date: Jan 2006 Posts: 40,001

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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12-22-2018 , 02:45 PM

#220

rafiki

Carpal \'Tunnel

Join Date: Jan 2006 Posts: 40,001

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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12-27-2018 , 11:53 AM

#221

JKC

grinder

Join Date: Aug 2018 Posts: 548

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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12-27-2018 , 01:43 PM

#222

ElSapo

Pooh-Bah

Join Date: Dec 2002 Posts: 5,471

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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12-27-2018 , 02:30 PM

#223

rafiki

Carpal \'Tunnel

Join Date: Jan 2006 Posts: 40,001

OH (origin house now cannaroyalty) is the one I'm looking to for USA.

Quote

12-27-2018 , 06:05 PM

#224

ElSapo

Pooh-Bah

Join Date: Dec 2002 Posts: 5,471

Aphria stock soars as pot producer receives takeover bid

Quote

12-28-2018 , 01:56 AM

#225

JKC

grinder

Join Date: Aug 2018 Posts: 548

Quote:

Originally Posted by ElSapo

Aphria stock soars as pot producer receives takeover bid

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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