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Old 08-24-2018, 08:01 AM   #9651
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Weed going crazy again today
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Old 08-24-2018, 08:19 AM   #9652
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Jesus christ $59 already??
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Old 08-24-2018, 09:13 AM   #9653
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Can't wait for $60. We were almost there already.

And APH is making me happy now too haha.
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Old 08-24-2018, 09:19 AM   #9654
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sold all my shares today, bought mine it at $12/share
too soon junior lol jk u made bank might as well get out when it was hot!
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Old 08-24-2018, 09:19 AM   #9655
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aurora needs to get past $8.77 then ill be happy haha
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Old 08-24-2018, 10:05 AM   #9656
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$9.5 for me I bought ACB late.
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Old 08-24-2018, 10:05 AM   #9657
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Quote:
Originally Posted by Energy View Post
I actually don't know why the price keeps going up now. There's nothing new since the Constellation deal.
According to Motley Fool,

Consetellation initally purchased a 9.9% equity stake in Canopy Growth in late October 2017 for about $190 million.

In June, Constellation Brands further solidified its position by acquiring a third of Canopy Growth's 600M CAD convertible note.

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Then, last week, Constellation Brands surprised Wall Street when it announced an additional $3.8 billion equity investment in Canopy Growth, which works out to 104.5 million shares of common stock. The price Constellation paid per share to up its ownership stake in Canopy Growth to 38% was a 51% premium to where Canopy had closed on the day prior to the equity stake announcement. Furthermore, the deal comes with 139.7 million in new warrants to be held by Constellation Brands. If exercised, it could up its stake in Canopy Growth to more than 50%.
Given this, there is a real possibility that Canopy Growth will be the last one standing after the speculation period is over - Oct 17, 2018. Maybe we can expect to see long term growth to be worth hundreds of dollars.

But I'm not in it for the long term play.

Edit: Analysts think that market cap for WEED is 11.5Mil, it's currently sitting at 11Mil. Getting close.

Edit 2: https://www.fool.com/investing/2018/...x?fs_test=True

Quote:
Another important factor is that the opening of Canada's recreational marijuana market is right around the corner. The country is scheduled to begin allowing sales of recreational cannabis for adult use on Oct. 17, 2018. Earlier this week, Ontario, which has the largest population of all of Canada's provinces, announced supply agreements with 26 licensed producers, including Canopy Growth, Cronos Group, and Tilray.

Other Canadian marijuana stocks have also enjoyed big moves, but Canopy Growth, Cronos Group, and Tilray have stood above the pack. The most likely reason behind this is that they're the only Canadian marijuana stocks that are listed on U.S. exchanges.

Now what?

If we're indeed seeing institutional investors move into the top Canadian marijuana stocks, it could take a while for them to reach their target positions. While their buying continues, it will likely attract other investors to the stocks as well.
So it looks like maybe institutional investors are carrying the growth. No doubt the correction will happen soon, whether thats Monday or not is the real question. Still holding 60% of my original position in WEED, hope it goes up higher. Stop limit set at 57.
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Old 08-24-2018, 10:56 AM   #9658
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APH to $14 today?!
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Old 08-24-2018, 01:33 PM   #9659
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$9.5 for me I bought ACB late.
How late is late?
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Old 08-24-2018, 05:49 PM   #9660
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Old 08-24-2018, 07:29 PM   #9661
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It was indeed.
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Old 08-27-2018, 09:04 AM   #9662
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Its time for APH to shine!
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Old 08-27-2018, 09:15 AM   #9663
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Hoping Aurora starts shooting up! Stocks moving up again today!
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Old 08-27-2018, 09:20 AM   #9664
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Cron going up lots too
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Old 08-27-2018, 09:27 AM   #9665
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Yeah CRON doing well. Don't have any though...
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Old 08-27-2018, 10:48 AM   #9666
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Do u think this trend is going to continue? Stocks are going bananas right now!
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Old 08-27-2018, 11:39 AM   #9667
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I've had 6 green days in a row now. Just hit a portfolio all time high. Still want a crash to come though.
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Old 08-27-2018, 11:48 AM   #9668
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I'm holding until October and my plan hasn't changed.
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Old 08-27-2018, 12:25 PM   #9669
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Man if Aurora hits to somehow canopys level I think I'm going to retire lol jk but fuck shit is going bananas since last week hoping this trend just keeps going. Don't get how canopy has gained so much compared to all the other weed conpanies
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Old 08-27-2018, 05:28 PM   #9670
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Man if Aurora hits to somehow canopys level I think I'm going to retire lol jk but fuck shit is going bananas since last week hoping this trend just keeps going. Don't get how canopy has gained so much compared to all the other weed conpanies

Isnt canopy in the states now too? Maybe Americans are buying them too. I dont know haha
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Old 08-27-2018, 05:39 PM   #9671
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According to Motley Fool,
Given this, there is a real possibility that Canopy Growth will be the last one standing after the speculation period is over - Oct 17, 2018. Maybe we can expect to see long term growth to be worth hundreds of dollars.
Don't under estimate Aurora. Diageo (The largest liquor company in the world) is rumoured to be shopping around for a company in Canada. Constellation is already with Canopy so...
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Old 08-27-2018, 05:49 PM   #9672
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Isnt canopy in the states now too? Maybe Americans are buying them too. I dont know haha
Yes:

"Other Canadian marijuana stocks have also enjoyed big moves, but Canopy Growth, Cronos Group, and Tilray have stood above the pack. The most likely reason behind this is that they're the only Canadian marijuana stocks that are listed on U.S. exchanges"

Can't quote my own quote LOL

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Old 08-27-2018, 09:03 PM   #9673
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You guys have to understand between SP and how many shares are actually on the market for the specific company.
You can't say Canopy is at $60 so Aurora can be $60 as well if they do just as well as Canopy, look at keyword dilution and go look how many shares Aurora has compared to Canopy, you can figure out the rest.
I have both CAD(acb.to) and USD(ACBFF) for Aurora, so yes,Aurora is actually available in US/Canadian market.
are you guys investing in stocks like crypto without proper understanding? FOMO much?
lol, good luck to all still!
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Old 08-27-2018, 09:19 PM   #9674
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^ aka. market cap
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Old 08-28-2018, 09:17 AM   #9675
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Annnnd we're down $5 rip.

Also TD is a scam. Bought at market 0.75 with 0 other orders to be filled. Gave it to me at 0.81 wtf.

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