Stocks | Page 23 | GTAMotorcycle.com

Stocks

Gary said:
Election in the US. Two weeks from now. Some states voting on legalizing rec weed. Several more voting on medicinal.
Click to expand...

Nevada: Legal (rec)
California: Legal (rec...already had medicinal)
Massachusetts: Legal (rec)
Florida: medicinal
North Dakota: medicinal
Arkansas: medicinal
Arizona: did not pass (rec).

Starting immediately in California.
Dec 15th in MA.
Spring '17 - all of Canada.

Anyone think there's any potential in mj / mj related stocks?
 
Gary said:
Nevada: Legal (rec)
California: Legal (rec...already had medicinal)
Massachusetts: Legal (rec)
Florida: medicinal
North Dakota: medicinal
Arkansas: medicinal
Arizona: did not pass (rec).

Starting immediately in California.
Dec 15th in MA.
Spring '17 - all of Canada.

Anyone think there's any potential in mj / mj related stocks?
Click to expand...


There's lots of potential in the industry as a whole, but like any other nascent industry there are many struggling pubcos that will make the jump to a new business without sufficient planning or financing. Anybody remember the Dot.com bubble in the 90's? Every junior mineral exploration company that was struggling to raise capital for their exploration program turned into website developers.
This time there are some very specific issues - the marijuana industry isn't new, the laws are changing. Many of the companies have been able to snag experienced growers - some of which are actually legal. In the medical marijuana game, funding and organization are paramount - the company has to be able to last through the seven stages of the application system and still have (or raise) the funds to start production.
The recreational side is now growing like mad, and for the companies operating in the U.S. the market is huge. I think in Canada, as we saw with the introduction of the first version of MMPR, there's going to be a rush. Then some of the companies will consolidate while waiting for a license, some will fold. We have companies now that have been in the process so long for their producers license that they're turning to other projects, or ancillary products, to bring shareholder value back to the company while they're waiting.

There are more companies coming, different ways to invest in the entire industry. Yesterday, Cannabis Royalties and Holdings Corp put out a press release about the upcoming votes in the U.S. and how they are positioned to take advantage of that. They also announced (which they can only do with permission) they have made application to list on the Canadian Securities Exchange - where so may others have been given a chance to get started in the industry. The CSE has taken an entirely different view of the industry than than the TSX or TSX Venture Exchange.

Somebody mentioned Nutritional High (EAT) earlier. That was an interesting launch, because it was one of the first to be listed in Canada that was actually carrying on business that wasn't legal in Canada. I've heard feedback from some of medical marijuana companies that the other exchanges ask them to provide an undertaking that they will not engage in the business of selling recreational marijuana even if it becomes legal! WTF? Why would an exchange dictate to a company that they could not carry on a legal business?
 
@ Gary and the other pot stock followers

Is there a US company that is public or is trading here in Canada for now?

Also there is talk about developing a marijuana tester much like they test for blood alcohol levels.
Who is making that product?
 
-D- said:
@ Gary and the other pot stock followers

Is there a US company that is public or is trading here in Canada for now?

Also there is talk about developing a marijuana tester much like they test for blood alcohol levels.
Who is making that product?
Click to expand...


Golden Leaf is selling in the US. (GLH on the CSE)
Nutritional High, you already mentioned.
Cannabix Technologies - BLO on the CSE is developing a breathalyzer type device.

http://cannabisroyalties.com/
Check this link - they have several investments covering all aspects of the marijuana sector. Ultimately, the listed company will be called CannaRoyalty
 
Last edited:
-D- said:
@ Gary and the other pot stock followers

Is there a US company that is public or is trading here in Canada for now?
Click to expand...

Take a look at the US states this co. set up in!
Note the s/p today, and leading up to the election.
http://www.marapharm.com/

MDM.CN

(other posted nailed BLO.CN as the 'breathalyzer' maker)
 
Marapharm doesn't have a license yet in Canada, nothing built yet in Nevada, and they're working "with the license holder" in Washington.
Expenses are primarily for consulting fees and professional fees.

This may be worth trading for the volatility but I would suggest a cautious approach as an investment.*

*While I am close to the industry, I'm not registered or qualified to offer investment advice.
 
Too close to call last night, but it appears Maine has also passed, for rec:

The race was called for Yes on 1 Wednesday morning by the Bangor Daily News, meaning adults 21 and over will soon be allowed to possess up to 2.5 ounces of pot and use it in private.
The campaign wants to remind people, if the results hold, they can’t light-up until mid-December because marijuana will not be legal until then.
 
Gary said:
Take a look at the US states this co. set up in!
Note the s/p today, and leading up to the election.
http://www.marapharm.com/

MDM.CN

(other posted nailed BLO.CN as the 'breathalyzer' maker)
Click to expand...

I missed Breathtec Biomedical (BTH) - a little lower profile than BLO.
EDIT: I didn't miss it, I shouldn't have added it. Breathtec is using similar technology, but the device will be used to detect (from breath) certain types of cancer, Alzeheimer's and liver disease.
 
Last edited:
Emefef said:
Marapharm doesn't have a license yet in Canada, nothing built yet in Nevada, and they're working "with the license holder" in Washington.
Expenses are primarily for consulting fees and professional fees.

This may be worth trading for the volatility but I would suggest a cautious approach as an investment.*

*While I am close to the industry, I'm not registered or qualified to offer investment advice.
Click to expand...

Another huge gap up. Opened +$0.29.
 
Gary said:
Another huge gap up. Opened +$0.29.[/QUOTE

There's not a lot of detail available about what's actually happening. They've provided "turnkey operations" in Washington and the client is now producing...how does that help Marapharm, what's the $$ value of that?

In Nevada, earlier press releases say one of the licenses is provisional. Also, they may still need other licenses, like a business license before they can actually do anything. We need more specifics, not promotion.
Click to expand...
 
Looks like Tangerine opened up a new Investment Fund recently in addition to their original four. This one's a Dividend Fund if people are interested. I'm still looking at it, but still trying to figure it out whether to go there v my 'Balanced' Fund with them.
 
mimico_polak said:
Looks like Tangerine opened up a new Investment Fund recently in addition to their original four. This one's a Dividend Fund if people are interested. I'm still looking at it, but still trying to figure it out whether to go there v my 'Balanced' Fund with them.
Click to expand...

I'm not mature enough to acknowledge that I'm old enough to be looking at dividend funds...
 
I bought CGC at $1.79 before Justin's election...

..then sold at $3.76 to fund my gear business.

I try not to follow its epic rise but I can't help it.

I only had 2000 shares so it's not the end of the world, but still. #facepalm
 
You must log in or register to reply here.

Back
Top Bottom