Marijuana stocks

Discussion in 'Reality Check' started by billybob, Nov 16, 2016.

  1. Boots

    www.reality-check.ca

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    I can't see it not growing with legalization coming
     
  2. infatuous

    Well-Known Member

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    I sold Organigram just before the pesticide fallout. Good move there, but I put it into Canopy right before the minister said it would take longer than planned, so it dropped hard. Now they have a firm date so it came back up again but I haven't gained back the full loss yet. I'll hold out until shit goes legal. I'm they will all do well when the time comes.
     
  3. Boots

    www.reality-check.ca

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    I like the look of that fund that billybobbillybob posted.
     
  4. billybob

    billybob
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    The Schooner, the better.

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    I will be buying into the ETF for sure.
     
  5. Duggan

    Well-Known Member

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    Yea, I am holding Aurora, and I am up a bit, it is much less volatile now. I am going to check out the ETF
     
  6. Relentless

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    Got an email earlier this week. Within 2-3 weeks merging Tweed website with the others they bought and clients can now access from all three suppliers.

    I still hold APH, up about 30% but I'm in no rush to sell. I put a bit into EMH back when everything was popping. Down now, but slowly making it's way back positive. Sold MDM a while ago, not too confident in the US marketspace given the current AG's stance.

    I like the ETF, if I wasn't already invested in the space I would def buy but I'm happy with my current holdings.
     
  7. Duggan

    Well-Known Member

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    I noticed that when I was ordering through bedrocan, I had to set up a tweed account
     
  8. Boots

    www.reality-check.ca

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    So if they say this ETF is going live Tuesday, how does that typically happen? It just shows up when the markets open and you can buy? Do they release any kind of price target before that?
     
  9. Boots

    www.reality-check.ca

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    To buy the ETF or to pick up Canopy/Aurora/OrganiGram/Aphria by themselves?

    I'm so going to lose my money :rofl:
     
  10. Boots

    www.reality-check.ca

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    ETF is live tomorrow not today... been digging around on it. Apparently this is the breakdown:

    Code:
    According to the Bloomberg Terminal, as of March 20th, the fund will allocate as follows:
    
    Scotts Miracle Gro (SMG: Nasdaq): 10%
    GW Pharma (GWPH): 10%
    Insys Therapeutics (INSY): 10%
    Canopy Growth (WEED.TO) (TWMJF): 10%
    Aurora Cannabis (ACB.V) (ACBFF): 10%
    Aphira (APH.TO) (APHQF): 10%
    Cronos (MJN.V) (PRMCF): 7.41%
    Zynerba Pharma (ZYNE): 7.15%
    Cannimed (CMED.TO) (CMMDF): 5.04%
    Supreme (SL.CN) (SPRWF): 3.95%
    Emblem (EMC.V) (EMMBF): 3.8%
    CannaRoyalty (CRZ.CN) (CNNRF): 2.61%
    Emerald Health (EMH.V) (TBQBF): 2.01%
    ICC International Cannabis (ICC) (ICCLF): 1.89%
    Maple Leaf Green World (MGV) (MGWFF): 1.66%
     
  11. Lex Lucas

    feels good.

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    You need to chill out and relax... smoke a j lol
     
  12. Boots

    www.reality-check.ca

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    need to buy some WEED :rofl:
     
  13. hank

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    New way to blow your kid's college fund on drugs?
     
  14. Boots

    www.reality-check.ca

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    Such a weird thing to be able to invest in :o
     
  15. Duggan

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    You can invest in firearms, alcohol, and legal heroine.
     
  16. billybob

    billybob
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    The Schooner, the better.

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    The Vice fund has been around for decades. Does exceptionally well in economic downturns.
     
  17. Duggan

    Well-Known Member

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    I remember when Muri was looking at that one and mentioned it on here.
     
  18. Boots

    www.reality-check.ca

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    Dipped my feet in two days ago with $2000 and up $105. Can't complain about that :bigup:
     
    Last edited: Apr 6, 2017
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  19. billybob

    billybob
    [OP]
    The Schooner, the better.

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    Sold OGI yesterday. Oops.

    Got into the ETF at 10.20 yesterday
     
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  20. Boots

    www.reality-check.ca

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    I passed on the ETF. Felt like gambling lol
     
  21. Duggan

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    Aurora has been up and down with 2.70-2.80 being the max lately. I sold this am, have some cash now and will monitor what happens with the ETF.
     
  22. Duggan

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    What did you buy into?
     
  23. Boots

    www.reality-check.ca

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    Canopy, Aurora and Organigram. I'm regretting not picking up some Aphria. Might still.
     
  24. Boots

    www.reality-check.ca

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    Gonna sit on these for a looooong time
     
  25. Boots

    www.reality-check.ca

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    OGI is up 16% since I bought in three days ago :eek3:
     
  26. Duggan

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    These stocks all bounce around like crazy. Aurora was down to $2.25 last month, it is at $2.75 today.
     
  27. Boots

    www.reality-check.ca

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    wish Aphria would bounce back down so I could get in at a better price before the legalization announcement.
     
  28. Duggan

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    I think you will continue to see some volatility. The p/e ratios for most are not great.
     
  29. Relentless

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    ETF activity is definitely helping the price of everyone. I'm up 20% in each of APH and EMH just this week. Finally EMH is in the green and APH I'm WAY up since my purhcase.
     
  30. Boots

    www.reality-check.ca

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    It's fun having a little stake in an emerging industry. My retirement portfolio is pretty solid so this stuff hits on my gambling side haha
     
  31. Smokey

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    Horizon ETFs are awesome if you like watching your money vaporize
     
  32. billybob

    billybob
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    The Schooner, the better.

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    Yeah you're right. I should probably sell HMMJ and walk away with the 11% I just made in 4 days before I lose it all.
     
  33. Duggan

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    Depends where you put your money. I have made decent money off of HOU and HOD
     
  34. Boots

    www.reality-check.ca

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    OGI is up 27% for me :rofl:

    What do you guys think the legalization announcement will do to these stocks?
     
  35. Duggan

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    I think there will be a lot of speculation before the announcement and you will likely see a lot of movement beforehand.
     

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