Dude WEED lmao

idontknow
idontknow

dude WEED lmao

All urls found in this thread:

decision.tcc-cci.gc.ca/tcc-cci/decisions/en/item/31027/index.do
fool.ca/2017/02/16/canopy-growth-corp-just-destroyed-over-1-million-of-weed-time-to-sell/
fool.ca/2017/02/16/canopy-growth-corp-is-this-weed-about-to-bloom/
theglobeandmail.com/news/national/more-than-1-million-of-tainted-medical-marijuana-destroyed/article34026223/
imgur.com/a/lKUpg

Flameblow
Flameblow

Did made me laugh when they changed the ticker symbol.

SomethingNew
SomethingNew

just bought in for the earnings report tommorow. expect 20$ before the end of the week

canadian anons DUMP your savings into this

Nude_Bikergirl
Nude_Bikergirl

not cracking $20 until legalization passes in april

but good numbers would be nice

Burnblaze
Burnblaze

Noob question bros, 20 years old and finally got my tfsa investment account opened, maxed out my TFSA at $26,500 this morning.

I want to go balls deep into WEED... Question is do i do so right now or wait until tomorrow?

From the research i've done some people are saying there will be a dip tomorrow, however others are saying there wont be.

Any advice? Ass for your time

CouchChiller
CouchChiller

i want to put my life savings into a penny stock
its a bad idea

Stark_Naked
Stark_Naked

Not my life savings, its my maxed out tfsa.

lostmypassword
lostmypassword

that just seems unnecessarily risky

you have a full tfsa, wouldnt you rather put it in something slightly more reliable but still something that makes you money?

im no expert, just my two cents. but then again youre only 20 so who tf cares you ain't retiring yet...

Poker_Star
Poker_Star

Its been running for a week and half now. Suppose to have dipped already and it hasnt. Just get in now, they are long term holds anyways. Ive got a bunch of different companies already as well if you want some more.

Deadlyinx
Deadlyinx

put 1k in, hoping for the best

Methshot
Methshot

Couldn't you do it now so that you don't buy it at a higher price? Do you really expect the price to go down anytime soon when it becomes legal?

Burnblaze
Burnblaze

I'm about to begin my career in the trades so a portion of each paycheck will be going into reliable choices, the reason i'm thinking about going so deep into WEED is because legalization is literally a once in a life time happening, the way im looking at it I either have the potential to earn a shitload or lose an amount that isn't really much in the long term.

Flameblow
Flameblow

yeah thats how i'm looking at it as well. i wish i could be investing in this industry right now... but the only cash i could invest i need for school and shit.

and i wish my dad would invest in this, except "dur hur weed" so thats not happening. i honestly think its a great opportunity

TalkBomber
TalkBomber

Yeah I wanted to buy in last week but my fucking bank dragged out the process of getting my investment account opened up until today. I feel like i missed out quite a bit, which is why I would potentially wait for a dip. Do you really not think a dip is possible after the earnings report tomorrow? Once I buy i'm not touching it for a while, just looking for a good time to buy in. What other companies are you in if you don't mind sharing? Appreciate the advice man.

RavySnake
RavySnake

It seriously feels like a once in a lifetime kind of deal to me, especially with Trudeau pushing legalization so hard. You should seriously try and convince your dad more user, this might be the big enchilada of our generation.

BlogWobbles
BlogWobbles

Noob here, can an American invest in Canadian stock? Are there any fees or drawbacks involved?

StonedTime
StonedTime

some of these are Canadian companies I found on US Schwab.
WEDG
BUDZ
MJNA
WDHR
WLDFF
MCOA

Do you anons think a US investor should consider these, or stick to the Canadia companies?

VisualMaster
VisualMaster

My dad is an ex-pot head/stoner was in a band etc, (i took after him exactly). but then eventually became a CPA and is really conservative and the whole deal.

He's not exactly cheap but really plays money and investing by the book you know. A little in the RRSP, some in the TFSA, go out for a few dinners and we go on like 3 family vacations a year. but he never really invests in much to sort of "gamble" and try and make some money.

sorry im fucking stoned and formulating sentences is difficult lol

BunnyJinx
BunnyJinx

I already have some aph, weed, mjn, ogi, afi. OGI is so-so atm but I'm confident about it. AFI not so much but I got it so low that eh why not.

Any more suggestions?

Stupidasole
Stupidasole

Are there any weed stocks for Robin?

Nude_Bikergirl
Nude_Bikergirl

Ive got Aph, Weed, SL, ACB. I bought ICC last week and its stagnant and i grabbed ACG today on the cheap. Really like ACG, i think they have the right management to tough this thing out. Probably buying BeLeave inc tomorrow.

viagrandad
viagrandad

market cap over 2 billion. Share price over $10

penny stock

Choose one.

Bidwell
Bidwell

people who still believes canadian weed stocks are shitty penny stock needs to wake the fuck up
get real bro

StrangeWizard
StrangeWizard

literally transferred $15k to your account to invest in CGC (now WEED)
kept waiting for a good dip
now it's $13 and I couldve got in at <$10

why do i always miss the bus?

does anyone have any other good canadian weed companies which are still rather low in price?

farquit
farquit

So you literally can trade daily and keep all the profit for yourself, no paying taxes?

Did I get that right from Wiki about that account?

SomethingNew
SomethingNew

Yes, exactly.

You can only contribute a certain amount each year into the account though, starting at 18 years old. Luckily for me 2 years ago the gov't set the contribution at $10,000. Usually it's 5k

whereismyname
whereismyname

I wouldn't go all in on weed, thisis a pretty good list, maybe 50% weed and then split it on some other ones

Got to buy weed OTC so slightly higher transaction cost? think the symbol is twmjf

cannaroyalty has some good exposure to american companies

no acb?

just shitty american ones, just open up a trading account through an actual brokerage, $10 a trade isn't the end of the world

that's the law, but there's a provision about how it's a personal account, if you do a bunch of trades they'll claim you're trading as a business and start to tax it, they only do this if your successful and they're missing out on money

it's 5500 now

Dreamworx
Dreamworx

Lmao I sold mine at 12.95 and it crashed to 12.30 today. Get cucked retard

Boy_vs_Girl
Boy_vs_Girl

EMH

Sharpcharm
Sharpcharm

I got a TFSA account I put 20$ weekly into it, how does it work exactly?

Need_TLC
Need_TLC

The stocks are high?

Fuzzy_Logic
Fuzzy_Logic

Bought 800 shares at 12.50 and another 700 at 12.18, thank god i listened to anons about the dip, time to hold for the next 2-3 years and cash out a king.

Need_TLC
Need_TLC

Hold me.

5mileys
5mileys

The speculative pot boom already happened 3 years ago, check CBIS, MJNA.
I'm anticipating a corporate takeover of the cannabis industry in 5-10 years by overcapitalised companies rather than undercapitalised ones.

Snarelure
Snarelure

Mfw 1000 shares of Aphria @ $4.78

lostmypassword
lostmypassword

When did you turn 19? That's what determines your TFSA ceiling. If you overfilled you get dinged.

TechHater
TechHater

Just wait it out. I was holding 680 shares I bought from the last big dip - bought in at 10.20, and then 10, and then 9...
Fucking sold it all at 13.04 along with my converted Mettrum shares.
It'll climb again - next time the climb will be higher but it won't stay up until legalization happens.

Sir_Gallonhead
Sir_Gallonhead

You can't day trade in a TFSA

Nojokur
Nojokur

Why not? Is it because every time you purchase new stocks it's counted as a "cash out" and when you sell it back it's counted as a "cash in" thus counting in the yearly TSFA limit? Legit question

Need_TLC
Need_TLC

18*

Raving_Cute
Raving_Cute

thats what i did :^)

Crazy_Nice
Crazy_Nice

yeah you can, canada doesnt have "day trade" rules like the US does.

ive made >5 trades a day at some points and nothing happens

basically the only thing you cannot do is go into US OTC/PINK stocks as CRA flags them as "too risky"

Dreamworx
Dreamworx

seethat's the law, but there's a provision about how it's a personal account, if you do a bunch of trades they'll claim you're trading as a business and start to tax it, they only do this if your successful and they're missing out on money

it's not common, but it happens

when did you buy in around 8?

takes2long
takes2long

around 6.5, plus had some MT that got converted, i have other stuff aswell

TBP 10kshares @0.7
ACB 1550 at something

idontknow
idontknow

also re daytrade, yeah ive only done that once before. right now im at maybe 1 trade per week depending on whats happening

Emberfire
Emberfire

I'm pretty big into ACB. Anyone else have any thoughts on it?

Soft_member
Soft_member

picked up 30 shares of it today. Not much since I don't have a lot of capital. It's gone up $.04 since I bought it. In US so i have ACBFF

Spamalot
Spamalot

Getting in late... started small positions in WEED, ICC, EMH, ACB so far.

Missed buying APH last week (order didn't get filled) and now it's been pumped right up.

happy_sad
happy_sad

SGBY is gunna fly.

Screen cap this

Harmless_Venom
Harmless_Venom

it probably has the longest road to profitability they way they're developing aurora sky, but it should be great when it's up and running in 12-18 months

if you can hold that long nothing to worry about

happy_sad
happy_sad

looks like BE and APH had a FANTASTIC week

(APH)- Aphria is getting uplisted to the TSX alongside Canopy (WEED)
And BE has gone from just over a dollar to $2.20

Methnerd
Methnerd

I'm done trying to day trade these stocks. I bought Canopy around $2.50 then sold at $5.40 because I thought everything was crashing. Then I sold MJN at 1.91 right before it jumped to 2.40. Also bought Aphria at 6.80 during the highs of November and been bagholding it ever since.

Fuck it, I'm just holding from now on

Snarelure
Snarelure

these arent penny stocks so why the fuck would you day trade them?

DeathDog
DeathDog

there's a lot of volatility, 5% swings ether way are common, no institutional investors to help keep things stable

$10 commissions don't mean much if you have enough capital to trade

AwesomeTucker
AwesomeTucker

what makes you think so?
APHQF closed at $4.9871 today, is that an okay price to buy in to?

Supergrass
Supergrass

WEED is listed on the TSX- aka it does have institutional investment. so will APH soon as they announced they are moving to the TSX in a few months

Let alone the biggest catalyst is coming in a few months- we will find out if Trudeau is keeping his promise

dunno, i didnt buy on the APHQF i bought APH.V

farquit
farquit

r u srs..

Playboyize
Playboyize

not day trade, more like swing trading. Anyway, I'm giving up on trying to time the market. Just going to invest in companies that I'm confident holding for long periods of time.

iluvmen
iluvmen

I felt the same way. Thx

hairygrape
hairygrape

Tfw bought 200 at 1.41
Bought 420 (lol!) Of THC at 1.00

Hello darkness my old friend

SniperWish
SniperWish

WEED is listed on the TSX- aka it does have institutional investment. so will APH soon as they announced they are moving to the TSX in a few months

the prices are based on recreation being legal, which isn't yet
institutional investors would get sued if they buy now and legalization doesn't pass on the first try

20 implies a market cap of almost 4 billion, which is a lot for a company that isn't currently profitable

DeathDog
DeathDog

Court's and the CRA disagree

decision.tcc-cci.gc.ca/tcc-cci/decisions/en/item/31027/index.do

Illusionz
Illusionz

But there problem isnt demand at all. Correct me if im wrong, but were talking about a company that has a patient base increase of 260% in a single year. (8,000 - 29,000). There only problem is supply. (BTW im 100% green to investing so i dont know shit so im sorry if im missing something.)

Supergrass
Supergrass

Im a soon to be college graduate with nothing to his name but a car and 4k savings. Should i invest in reefer stocks?

Inmate
Inmate

what are the odds legalization gets delayed by Trudeau? Legislation is supposed to be happening this spring, but if it's delayed these stocks could be fucked

DeathDog
DeathDog

As a first investment, in an unstable, unestablished market? I suggest not.

Emberburn
Emberburn

unstable
no
unestablished
yes but thats good.

AwesomeTucker
AwesomeTucker

yea but americans cant buy them

BunnyJinx
BunnyJinx

He will delay so he has something on the table for re-election. He fucked himself when he cancelled the electoral reforms.

Poker_Star
Poker_Star

that wouldn't make sense, since the conservative party said they are in favour of legalization. it's getting legalized with or without Trudeau so using it as leverage for reelection would be dumb on his part

StonedTime
StonedTime

why?

hairygrape
hairygrape

It would leave debate between the parties as to how strict the conditions of each aspect are - allowable potencies, age limits, areas of sale, amount considered for personal use, etc.

Soft_member
Soft_member

how much do you think this will affect the stocks? There's a lot of uncertainty, I might cash out around April and wait until the dust has settled to re-enter. But if everything goes smoothly I might miss out on huge gains. Fuck I just wanna get rich why aren't politicians more transparent

cum2soon
cum2soon

whatever happens if you buy/ currently hold, you will make money.

w8t4u
w8t4u

Buy the rumors sell the news

Inmate
Inmate

implying im not a paid shill

i make 100k a year shilling stocks for my jewish boss. you are the retard

idontknow
idontknow

You just need a broker that has access to the tsx. Americans can buy Canadian stocks just like Canadians can buy American. You just cant buy them because you're a robincuck

Stupidasole
Stupidasole

It will just slow any real growth until things happen. Things will pick up around mid March early April just because it'll be all over the news as the deadline comes up, but if nothing solid is announced I don't see Canopy staying above 13 any better than it has in the past, and everything other than maybe Aphria will be the same pattern.

Supergrass
Supergrass

so are share prices going to drop again?

Playboyize
Playboyize

no one talking about TBP

bought 1,700 at 0.29 at start of this year, sold at $1.32 two days ago

Sharpcharm
Sharpcharm

Thats why TJMJF rose like 1000% since august...

TalkBomber
TalkBomber

market cap is about 70000 per patient at 30000 patients

good chance legalization is in 9 weeks exactly, don't expect a big drop

BunnyJinx
BunnyJinx

im in at 0.7 w 10k shares, shoulda sold at 1.4 yesterday when i was up double.

ohwell live and learn still holding

Stark_Naked
Stark_Naked

What's going on with tbp.cn?
2 days ago it jumped up 10% (considered selling some, bought them at like .2$). And now I keep getting alerts that it's going down 10%...

Need_TLC
Need_TLC

Decided to go in on canadian weed stocks :D planning on holding these for the long term...

TechHater
TechHater

That's the most basic bitch portfolio I've ever seen.

Nude_Bikergirl
Nude_Bikergirl

yeah i just made it today, i have another 30k in etf and then another 40k just sitting but I'm worried of investing all my money because of incoming crash...

Dreamworx
Dreamworx

can i see yours then Mr. Buffet?

girlDog
girlDog

20k in trump coin
5k in Dogecoin
10k in rare pepe portraits

happy_sad
happy_sad

That's okay. Hold on to the canopy growth and you'll be one happy camper, you have a real nice quantity of them

haveahappyday
haveahappyday

2 weed stocks (80percent of the portfolio)
2 tech stocks
shell

ayyy lmao

takes2long
takes2long

I wouldnt exactly call it a good chance. More than likely it gets delayed with some small progress forwards.

Bidwell
Bidwell

Memes aside - renewables, mortuary firms, pharmaceuticals.

For canadian investors look into PLC. Only publically traded mortuary company. Long term stock. The day of the take will take out us Leafs soon enough

massdebater
massdebater

This was written today:

Canopy has destroyed over $1 million of medical marijuana produced by the company’s subsidiary Mettrum Ltd. which has allegedly sprayed its cannabis plants with banned chemical pesticide myclobutanil since 2014, according to a former Mettrum employee. This pesticide is prohibited because when heated, the pesticide emits hydrogen cyanide.

The former employee also indicated that not only did the company knowingly spray this prohibited pesticide on its plants, but it hid the pesticide in the ceiling tiles during Health Canada inspections to avoid detection; Health Canada was not testing plants for banned chemicals at the time.

FYI, Hydrogen Cyanide will kill a person in 1 minute at a concentration of 2000 ppm.

SniperGod
SniperGod

Also isn't a bit worrying that a company whose revenue is only 10,000,000 has a stock valued at over 12 dollars?

And what if Trudeau doesn't legalize weed? Why hasn't he done it already? He already completely abandoned his promise to change the electoral system.

Raving_Cute
Raving_Cute

nah 70% of my portfolio is etfs they're just not visible in that photo ;)

Bidwell
Bidwell

He won't.

This government has no teeth. They do know that they only won because of the DUDE WEED LMAO vote. They'll keep mum on legalization until their popularity falls, and then make a big push on the appearance of legalizing to regain the vote at their end of term.

Honestly I think the stock will keep going up on hype alone. I will get cold feet when it hits 14

idontknow
idontknow

Vanguard?

TechHater
TechHater

source? thats insane

Spazyfool
Spazyfool

And what if Trudeau doesn't legalize weed?

The liberals would never be elected into power again.

How they do it is the important bit. Will it be government run dispensaries like alcohol is in many provinces? If so then this stock becomes worth less in a heartbeat.

likme
likme

fool.ca/2017/02/16/canopy-growth-corp-just-destroyed-over-1-million-of-weed-time-to-sell/

Methshot
Methshot

damn thats fucking insane... i hope i haven't been smoking their shit lol i buy from dispensaries they sell at.

Garbage Can Lid
Garbage Can Lid

What app is this

PackManBrainlure
PackManBrainlure

I feel like this would have been much bigger news if it was legit.

Considering this fool.ca/2017/02/16/canopy-growth-corp-is-this-weed-about-to-bloom/ is on their front page I am going to guess fool is pretty slack in it's fact checking practices.

takes2long
takes2long

this link:
theglobeandmail.com/news/national/more-than-1-million-of-tainted-medical-marijuana-destroyed/article34026223/
is to a canadian printed newspaper. slightly more credible. It was more like $800,000 that they discarded. Maybe we'll see stock prices reflect that in the next couple days.

StonedTime
StonedTime

Yea I saw this article 2 days ago but couldn't remember where. fool.ca appears to be late on the scene. Maybe they want people to sell so they can buy the dip.

likme
likme

Anything is possible, does explain the stock drop with positive earnings results a couple days ago.

I'm betting on Colorado style legalization with this stock, I won't be selling it until that happens. Given how disillusioned people are becoming with PM zoolander I think it's a likely outcome. He will have to give them something real to offset the multiple campaign promises he's broken. They were all insane and nobody with a brain ever imagined he would actually do them but is voter base lives in another world and he will have to appease them.

If he goes into an election with his current record, and the entire field promising legalization he is fucked.

Burnblaze
Burnblaze

Isn't it a sign that the stock price mostly just dude weed hype when news like this has little effect on the price ?

Bidwell
Bidwell

market cap of 2 billion with quarterly sales of 10 million

but they can go from a customer base of 40000 patients to 4 million canadians in a year or two

the companies themselves are pushing for a delay to legalization, they don't have their facilities up and running yet to meet the demand

lostmypassword
lostmypassword

the companies themselves are pushing for a delay to legalization, they don't have their facilities up and running yet to meet the demand

that's when Supreme Pharma comes in with their B2B model and sells to the other LPs. That would be huge for them

Lord_Tryzalot
Lord_Tryzalot

no

Booteefool
Booteefool

up over 370% on this stock, got in at under $2 usd.

imgur.com/a/lKUpg

Booteefool
Booteefool

WEED goes up but TWMJF goes down ok

SomethingNew
SomethingNew

1806481
different companies have different catalysts they are waiting for that causes their stock prices to individually soar

hairygrape
hairygrape

Maybe a retarded question, but does anyone have any more weed stocks in mind they think will get that 200-300% Jump that some of the others have?

Obviously WEED for example is up 6x or so since it started. Any others out there prime to take off?

PurpleCharger
PurpleCharger

Over the next year? Literally any Canadian weed stock, WEED, APH, etc..

Deadlyinx
Deadlyinx

its the same company, TWMJF is the US ticker

Sir_Gallonhead
Sir_Gallonhead

why not. I'm not trying to shill them, but that would make sense for them.

I have 1k shares of SL tho, so I hope that's what happens

TalkBomber
TalkBomber

what broker to use to throw a few hundred european bucks into the canadian cannabis industry?

BlogWobbles
BlogWobbles

desu

Bidwell
Bidwell

cronos (MJN) is up 100% this year

aurora (acb) hasn't had gains yet like the other big ones

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