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Post by mjlongg on Jul 6, 2016 8:38:38 GMT -5
Canopy has historically seemed to react most to big macro catalysts (such as the Allard decision). I imagine the new MMPR regulations by the end of August will positively impact all the LPs' stock prices.
Ultimately I'm bullish on many of the LPs, which will hopefully survive (or merge) and thrive (either way). In my portfolio today I have Canopy, Aphria, Mettrum, Organigram, Aurora and Supreme.
Today I'm wondering about Supreme. They probably won't get their sales license until the Fall or Winter. Anybody have any insight or thoughts as to what the share price might do between now and then? (I am confident they will in fact get their sales license, and the stock should bump up at that time.)
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Post by interpolation on Jul 7, 2016 7:08:41 GMT -5
I met JF (Supreme) in person recently and we had a great one on one private conversation ... with them focusing on B2B for 2016 the sales licence is not a big hindrance at this time. Their SP reflects it .... I think that is what I "enjoyed" most of the baffling behaviours of the GLH Cultists and their never ending anti CGC obsession. They should be focused on why their SP is sitting where SL and BE's are. Rather than the #1 producer in the World about to be uplisted. In order of weighting, my LPs are: MT, CGC, APH, OGI, ACB, MJN, SL (See hopeful spec plays). MJN is an odd duck ... owns between 3% and 100% of 5 different LPs and a strong position in PN etc as well. My hopeful spec plays are: VRT, BE, SL (They are an LP but not exactly off and running so I actually put them in this group). Then my slot machine plays: TNY, PUF, ABA, BLO, EMH, MDRM, and a few American ones like MassRoots and AmeriCann (Scheduled to be the first REIT). Then the hemp plays ... Laguna was bought under a dime .... MJ bought in tranches but overall cost under $0.13. I am consolidating though ... I expect by the autumn to only hold a couple of spec plays and slot machine plays.
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Post by trennam on Jul 7, 2016 7:35:21 GMT -5
Well I think SL needs to be taken out by another LP. They are way behind the ball at this point. Their "Walmart of Weed" thing when they first debuted is a bust and they have a long way to go to catch.
CGC is making moves - but I need to see a steady $5+ before I consider them a rock solid play. (Even though they are the majority of MJ plays I own.)
I am throwing EAT on the tax write off / cap. loss pile at the end of the year to offset my cap. gains ... lol
Also strong in GLH - I just stay out of there though which is too bad, some good posters mixed in with the bad.
Oh and NSP just cause I like how they are finally moving product and mil $$ sales at the moment. If they keep it up then the sp will move.. but if I see any waffling then they get thrown out at the end of the year too.
BLO - is a bust at this point, lots of fireworks initially - but slow. Hang on to them til next year and see if their tech is actually working.
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Post by mjlongg on Jul 13, 2016 10:03:57 GMT -5
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Post by timelesspeet on Jul 14, 2016 8:45:23 GMT -5
MT (Mettrum Inc) is on a killing spree... wow!
anyone know what the hype is all about with them?..
been eye-balling it since 1.55$-1.50$ and regret not jumping in lol.
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Post by mjlongg on Jul 14, 2016 12:23:52 GMT -5
don't think this would be a great time to jump in. i've been trimming this week and last week. maybe mettrum has been undervalued - not aware of any acquisition rumors or anything like that pushing the price up. i just bought Canopy shares this morning, at C$2.73 - above my average cost, but i think it will surge following the TSX uplisting and i'd rather not miss out if that happens. i am happy to hold through any dips (as i have with mettrum as well). i've also been increasing my positions in Supreme and Aurora recently. i think Aurora might go down further, but I expect a year from now these few companies at least will still be around in some form or another and thriving.
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Post by mjlongg on Jul 15, 2016 8:38:03 GMT -5
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Post by wickedwabbit on Jul 15, 2016 13:30:06 GMT -5
What LP's does MJN own?
When does SL expect to have their licence to sell?
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Post by mjlongg on Jul 15, 2016 13:31:58 GMT -5
interpolation has paid more attention to MJN. It's up today because they announced they are taking over Peace Naturals (which is still embroiled in a lawsuit with Canopy Growth Corp). Supreme should have their sales license by November. Health Canada has been very secretive about process, timing, etc.
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Post by wickedwabbit on Jul 15, 2016 14:56:39 GMT -5
Just added SL to my position. Don't know much about MJN. I'll have to do more reading. Lawsuit is a red flag for me, what's that concerning?
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Post by mjlongg on Jul 15, 2016 15:41:21 GMT -5
Haven't looked at the Peace Naturals lawsuit in a while, but I think Canopy bought some plants and things from them, which were then delivered dead and useless? Old news, in litigation for a while. I felt weird about adding more MJN today since it shot up on that deal news - however, since MJN is offering a private placement at C$0.35/share, i figured buying on the open market at C$0.32/share might not be such a bad idea. The deal might not close. This might not have been a smart move. It is one of my smallest marijuana-related positions - still speculative - but again, interpolation knows more about it, can maybe advise when to get in or get out. Your SL position is probably barely above my average cost, I've been adding periodically for months. As certain as one can be in this sector that it will go up on news of their sales license by November. Good luck to us both! |
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Post by mjlongg on Jul 20, 2016 14:34:39 GMT -5
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