posterchild336
Superstar
Otc stocks where it's at for me..i have a elite membership to a canibus investors club and have access to hundreds of ipos with ratings 1-5 been investing heavy
Otc stocks where it's at for me..i have a elite membership to a canibus investors club and have access to hundreds of ipos with ratings 1-5 been investing heavy
Tug life
I stay fly like a guillemot
What otc cannabis stocks do you recommend?
Tug life
I stay fly like a guillemot
If you are looking to swing trade or sell for some cash this would probably be the week to do it depending on how each company reports earnings. If you are invested in the cannabis sector you definitely need to be paying close attention to ACB tomorrow. If they report bad earnings it could trigger a sector wide sell off and vice versa. But each companies guidance will ultimately determine where they land, high or low.
You think ACB because they have the first earnings call
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Only thing that sucks is it's tomorrow after close.
not likelyI brought a good grip of ACB with the little bit of money I had...lets hope tomorrow we get good news in the morning...
What To Expect From Cannabis Stocks This Earnings Season (NYSE:ACB)(NYSE:CGC)(NASDAQ:CRON)(NASDAQ:TLRY)
Aurora Cannabis (NYSE:ACB) Issues Below-Consensus Q2 Revenue Guidance
Tug life
I stay fly like a guillemot
It could be a sale the news event. Or tutes are looking to get cheap shares. Hopefully they have the same result as Apple. Remember when Apple came out ahead of time and reported lower than expected revenue and the stock tanked. But when they actually reported the stock jumped up. People already knew they were going to have lower than expected revenue since last month. Im hoping for great guidance and good numbers. The sector moves with ACB and CGC
Tug life
I stay fly like a guillemot
I listened to the conference call and my honest opinions are
Pro's
With expansion and the acquisitions they made the have a 20% market share in Canada right now.
The global reach they have established and are continuing to grow
They are not diluting the stock any further.
And the biggest one for me is they expect to be cash flow positive Q4 2019 and they have said before they intend to buy back company stock.
Con's
I dont recall hearing much if anything about moving into the U.S. or hemp.
And obviously the shrinking margins and large losses. The bad part of acquiring so many companies is that they now have to report their loses under Aurora. I think they said $160 million was lost by "the green organic dutchmen" which they own.
And words from the CC on the loses
They also dont charge the excise tax to their customers, which from my understanding is a tax on medical marijuana which Aurora is against so they have to pay the tax netting the losses. Going forward management has to do better at managing cost. Im still long Aurora and buying it if does dip low.
Tilray and Cronos report tomorrow
Pro's
With expansion and the acquisitions they made the have a 20% market share in Canada right now.
The global reach they have established and are continuing to grow
They are not diluting the stock any further.
And the biggest one for me is they expect to be cash flow positive Q4 2019 and they have said before they intend to buy back company stock.
Con's
I dont recall hearing much if anything about moving into the U.S. or hemp.
And obviously the shrinking margins and large losses. The bad part of acquiring so many companies is that they now have to report their loses under Aurora. I think they said $160 million was lost by "the green organic dutchmen" which they own.
And words from the CC on the loses
They also dont charge the excise tax to their customers, which from my understanding is a tax on medical marijuana which Aurora is against so they have to pay the tax netting the losses. Going forward management has to do better at managing cost. Im still long Aurora and buying it if does dip low.
Tilray and Cronos report tomorrow