Hey, wanna buy some weed????

[Ramhusker]

Know anything about this one?

CANNEX CAPITAL HOLDINGS INC. (CSE:CNNX)- $ 0.88

Cannabis


Cannex Group Holdings Inc. is a Canada based company with operations in Washington and California. The Company is focused on premium indoor cultivation, extraction, manufacturing and branding of edible and derivative products, as well as retail operations. Its subsidiary, BrightLeaf Development LLC, is the largest producer/processor in Washington State. Cannex is also in the process of acquiring Jetty Extracts, one of the largest processors and extractors in California. The Company plans to produce from two indoor cultivating facilities with a combined 30,000 sq. ft. and 19,000 kg capacity, equating to one of the highest yields in the industry at 633 grams/sq. ft.

• Market Cap: $ 78 Million
• EV/Sales FY2019: 4.6x
• EV/EBITDA FY2019: 6.0x
• Cash Not Reported
• Debt Not Reported
• 1 Month Total Return: 13%
• YTD Total Return: 147%

 

[RhodyRams]

You did good on AMC, earning above 25% in my loose math....almost 30%

If you have the time, do your due dilligance beyond SPRWF and you'll gain confidence in the sector. You'll follow different links and leads and research differently than me, then end up with your own darlings. Theres plenty out there...no less than 20 that I'd have zero problems getting into. Prices ranging from pennies.... to big companies like Tilray trading above $50 with market caps in the Billions. My only problem is lacking capital to go in deeper and create more positions.

If you do, you'll end up selling your AMC and buying one of the darlings you find.

I got a feeling SPRWF is going to open around 1.82 to 1.85 tomorrow. I'd wait till 10 before I jumped in cause it might trickle down after opening bell.

( I have to sign up for after hours trading)


I plan on selling AMC after the ex-date (9/7) and collect my dividends (.20) which will cover both buying and selling transaction fees. I have a Fidelity card which gives me 2% cash back right into account every month. I use it to buy materials for jobs up to 10k a month and pay it off every month..no finance charges that way. Sept will be about 150 deposited, so that plus the sale of AMC and money sitting in core position will give me about a grand to play with. Benn chasing dividends this way for about a year now and started with 1500.00 Account now sits at almost 2500 not counting money in core

 

[BatteringRambo]

THANK YOU to @Dog and Everyone who has contributed. Undisclosed I received some cheddar, going all in well mostly tomorrow of what was provided. Thank you, again. -former tenured mutual funds top 3 in the world senior client services rep. Thanks to our continued providers and donaters of ROD. I'll be contributing quite soon as appreciation. Stay stoned and or sto-tuned.

 

[RhodyRams]

maybe we could get a sub-forum for investment ideas @CGI_Ram?

 

[BatteringRambo]

BTW, PHENOMENAL album, IMO.
[GALLERY=media, 302]Screenshot_2018-08-29-17-25-55 by BatteringRambo posted Aug 29, 2018 at 6:26 PM[/GALLERY]

 

[CGI_Ram]

BTW, PHENOMENAL album, IMO.
[GALLERY=media, 302]Screenshot_2018-08-29-17-25-55 by BatteringRambo posted Aug 29, 2018 at 6:26 PM[/GALLERY]

I hadn't heard this... had to look it up; just released this week.

I like what I just played. Very good.

EDIT: Would and Rooster on one of my playlists. I loved Alice in Chains then, too.

 

[…..]

I started looking into a few over a year ago and life happened and I never got back to them. The ones I was starting to look at were

GRCU
CBIS
CNBX
AMMJ
MCOA

Heard of any of those? If so, how have they been doing? Did I miss the boat or dodge the bullet?

The three middle ones I have run across and I am sure CNBX is a good story but I just can't remember it. Either way I will get back to you with highlights.

My daughter owns CBIS ....that how I know that one.

 

[BatteringRambo]

,.,Pit tickets Sept 15 Comerica Theatre Phx AZ :rockon:

 

[…..]

Know anything about this one?

CANNEX CAPITAL HOLDINGS INC. (CSE:CNNX)- $ 0.88


Cannex Group Holdings Inc. is a Canada based company with operations in Washington and California. The Company is focused on premium indoor , extraction, manufacturing and branding of edible and derivative products, as well as retail operations. Its subsidiary, BrightLeaf Development LLC, is the largest producer/processor in Washington State. Cannex is also in the process of acquiring Jetty Extracts, one of the largest processors and extractors in California. The Company plans to produce from two indoor cultivating facilities with a combined 30,000 sq. ft. and 19,000 kg capacity, equating to one of the highest yields in the industry at 633 grams/sq. ft.

• EV/Sales FY2019: 4.6x
• EV/EBITDA FY2019: 6.0x
• Cash Not Reported
• Debt Not Reported
• 1 Month Total Return: 13%
• YTD Total Return: 147%

Mixed bag on Cannex....they're still just in Washington as the acquisition of Jetty isn't scheduled to be completed until end of Q3. They focus on extracts and oils, but report heavily on flowering and yields. 633 grams per square foot is pretty stout considering an ounce is 28 grams. I find that hard to believe. Even so, they are in the game pretty deep and the market cap of 78m is no joke. Its just unclear to me what the actual mission of the company is because they provide real estate to people needing to grow, buildings for cannabis growers to rent, and property management for dispensaries. All this while advertising their "plans" to produce cannabis at industry leading yields while providing consulting services on the side?

Anyway.....the company seems to be a metaphor for the entire US west coast cannabis industry. Its a fucking mess, is very diluted and I don't recommend it for now because there is just so much going on and everyone is trying to get a piece of it.

 

[Ramhusker]

Mixed bag on Cannex....they're still just in Washington as the acquisition of Jetty isn't scheduled to be completed until end of Q3. They focus on extracts and oils, but report heavily on flowering and yields. 633 grams per square foot is pretty stout considering an ounce is 28 grams. I find that hard to believe. Even so, they are in the game pretty deep and the market cap of 78m is no joke. Its just unclear to me what the actual mission of the company is because they provide real estate to people needing to grow, buildings for cannabis growers to rent, and property management for dispensaries. All this while advertising their "plans" to produce cannabis at industry leading yields while providing consulting services on the side?

Anyway.....the company seems to be a metaphor for the entire US west coast cannabis industry. Its a freaking mess, is very diluted and I don't recommend it for now because there is just so much going on and everyone is trying to get a piece of it.

Thanks Dog. I kinda didn't like the nondisclosure on the Cash and Debt even though the Return numbers are stellar. The share price was certainly in my risk tolerance window though.

 

[…..]

Thanks Dog. I kinda didn't like the nondisclosure on the Cash and Debt even though the Return numbers are stellar. The share price was certainly in my risk tolerance window though.

I read some chatroom stuff and it appears they own alot of the things needed to get the cannabis to consumers but they don't actually own the cannabis lol


The CEO said today that they had 11m cash on hand. The financial statements indicate 47m in assets with 30m in liabilities

 

[RhodyRams]

Woke up with a bad feeling so keeping my money where it is

 

[Ramhusker]

I read some chatroom stuff and it appears they own alot of the things needed to get the cannabis to consumers but they don't actually own the cannabis lol


The CEO said today that they had 11m cash on hand. The financial statements indicate 47m in assets with 30m in liabilities

Middlemen operation it would seem. That doesn't necessarily make them a bad investment but........

 

[…..]

Rut Roh....

Cronos stock tumbles after Citron makes short call, sets $3.50 price target
By Emily Bary

Published: Aug 30, 2018 10:48 a.m. ET

Shares of marijuana company Cronos Group Inc. CRON, -28.41% are down 8.4% in Thursday morning trading after noted short seller Citron Research made a bearish call on the stock. He set a price target of $3.50, 70% below the stock's recent price of $11.66. "Although the hype is big and the prohibition after 100 years is real, it is critical to understand that in the Canadian landscape, there are over 100 licensed producers and there will ultimately be more losers than winners," the Citron analysts wrote. Canada is about to fully legalize recreational marijuana on Oct. 17. They argue that Cronos's management "appears to have been deceiving the investing public by purposely not disclosing the size of its distribution agreements with provinces - unlike every other major cannabis player." Marijuana stocks have been hot in recent weeks. Tilray Inc. TLRY, -4.93% shares soared recently after the company's recent earnings report, and pot stocks in general have benefitted from enthusiasm about the potential for more partnerships with beverage makers. Cronos shares have gained 93% so far in August, while the S&P 500 SPX, -0.44% has risen 3.4%.

https://www.marketwatch.com/story/c...ce-target-2018-08-30?siteid=yhoof2&yptr=yahoo


Edit- After this story was released, Cronos ended up down 28% in trading, and an additional 2% in aftermarket trading.

 

[Petrowsky]

Stocks!

The Canadian cannabis industry is exploding. Is anyone paying attention to the stock market and/or the story line?

I have a hot tip based on my own personal research....ticker symbol SPWRF

There are other bigger stocks, like Canopy Growth Corporation (CGC) who just struck a $4B deal with Constellation Brands (makers of Corona and Modelo) and went up 40%. There's Aurora (ACBFF)...running around striking deals with everyone they can, but diluting thier shares while doing so. There's Aphria (APHQF) who was up 23% on Friday alone and a tasty candidate for the next big deal around the corner.

Aphria Inc


PINX: APHQF · August 24, 4:01 PM EDT 10.7 ▲ 2.03 (23.30%)

After Hours 10.62▼ 0.14 (1.28%)

View attachment 25892

I've tied some loose ends together and discovered that SPRWF is kinda like the little brother to Canopy Growth, and at $1.31 (vs $49 for Canopy) a share I am buying 1000 shares Monday. Of course in my mind, it will be 10 bucks a share come October 17th when Canada opens the doors across the country to recreational pot. lol

Anyone else intered in this stuff? Its quite fascinating and I am quite the dreamer!

I can’t say I’m a big fan of John Fowler. He’s not the kind of CEO that inspires confidence.

Personally, I’ve gone the Biopharm route. Tetra (TBPMF) is a solid company with a great product pipeline. I’m heavily invested in this company and have been for a while. Good things on the near horizon as well. It’s a risky play in comparison to Canopy, but I think it’s worth the gamble, even after the price has ran up recently.

 

[…..]

I can’t say I’m a big fan of John Fowler. He’s not the kind of CEO that inspires confidence.

Personally, I’ve gone the Biopharm route. Tetra (TBPMF) is a solid company with a great product pipeline. I’m heavily invested in this company and have been for a while. Good things on the near horizon as well. It’s a risky play in comparison to Canopy, but I think it’s worth the gamble, even after the price has ran up recently.

I cant say I blame you on Fowler. The first time I saw him I got a bad first impression myself...he did an interview with a hoodie on lol

I had a Pharm for a bit, Abbatis Bio...but was even with no activity for a week and I bailed for greener pastures. Last night my daughter recomended FSDDF @ $.20 and I couldnt get to it this morning because of a meeting at work. Its trading up 33% so far today. I got tip my hat to her.

 

[…..]

HARD LESSON #1

Foreign Settlement fee- $50

I bought 3200 shares of the above mentioned FSDDF- a Canadian company- made a few bucks over the course of the day. What I didnt realize was I paid 50 extra bucks to buy it and now 50 extra to sell it.

Purchase Price - $758.00
Commision- $4.95
Foreign Settlement Fee- $50.00

Total- $812.95


Selling Price - $854.40
Commision - $4.95
Foreign Settlement Fee- $50.00

Total- $799.45

Net/Net= -$13.50

I feel like a rookie at training camp. I should be carrying the briefcases of the real stock brokers! ugh....and dont be distracted by work while dipping into the market. I rushed through the purchase and didn't take time to scroll down and see everything.

 

[RhodyRams]

I've never been hit with that before. When I decide to sell something, I always go by my per share cost basis, which takes any transaction fees into account.

 

[…..]

I've never been hit with that before. When I decide to sell something, I always go by my per share cost basis, which takes any transaction fees into account.

Its not that common and I found out its because the company was not registered in America so there is actually a cash funds transfer rather than an ETF. I know where to look for it now. And thanks for defining cost basis for me. I was wondering why I bought something at $1.38 and my cost basis said $1.40

I also was not able to do that trade as outlined above because the share price never reached my limit sell of 25.7 cents before 4 o'clock yesterday. So the order expired at closing and I had to hold it overnight and attempt a redo today. As luck would have it ...the stock crept up at open and I decided to hold and see what it would do. It did well, up 20% and I ended up selling at 29.5 cents. So I made about 50 bucks even with the $109 fees. My hard lesson became a soft lesson lol
Date

Description Status Amount
09/06/2018 Buy 125 Shares of ACBFF at Market (Day) Filled at $6.2777
$784.72
09/06/2018 Sell 3,200 Shares of FSDDF Limit at $0.295 (Day) Filled at $0.295
$943.97

I took that 900 bucks and put it in Aurora (ACBFF) right before closing just so I had money in the game at opening bell tomorrow. Aurora has had 4 or 5 consecutive down days so I'm hoping to catch it at the right time for a daily gain.

 

[CGI_Ram]

maybe we could get a sub-forum for investment ideas @CGI_Ram?

We can do that. If we want to discuss let’s chat by PM.