Anyone buying marijuana stocks?

[Tug life]

Thanks breh, I think most of my info came from your previous posts in this thread.

Neptune wellness has been one of my core positions for about a year now. It has taught me patience because I brought It when the cannabis hype train was in full effect and I was looking for a fast rise in price and although that didn't happen last year i still held and didn't sell when we spiked this year. Because the long term outlook is too good.

In June, Neptune signed two major deals that pretty much guarantee its Canadian operations will see steady cash flow for the next three years. On June 7, it announced a three-year agreement with Tilray that'll involve a minimum of 125,000 kilos being extracted for cannabinoids. Just five days later, Neptune nabbed the largest extraction-services deal to date with The Green Organic Dutchman. It covers three years and features a minimum of 230,000 kilos of cannabis and hemp that Neptune will extract, formulate, and package for TGOD. 3 of the Most De-Risked Cannabis Stocks | The Motley Fool

They have a partnership with Lonza, the pharmaceutical company to produce cbd gel caps.

They brought Sugarleaf labs, which is an American hemp extraction company. This helps them get a foothold in the U.S. before legalization and all while generating revenue from legal hemp.

They brought in a new CEO who's previous company was bought out by Unilever. And he was a millionaire by the age of 13

They recently announced they are pursuing a partnership with International Flavors & Fragrances Inc. IFF to co-develop hemp-derived CBD products. IFF is a large cap player. Yahoo is now part of Verizon Media

They also recently announced they have a partnership with American Media LLC.
American Media operates media brands including Men’s Journal, OK! and Us Weekly and has a total circulation of 5.7-million-plus and reaches more than 53 million readers monthly. Neptune Wellness Solutions Partners With American Media

 

[ahomeplateslugger]

The app gave me 1 share in Fitbit, I bought some shares in NEPT, ACB, and HEXO. I did some research on these companies and took advice from some of you in this thread. My goal is to play the long term, and keep buying shares in these three companies. My aim is to have a lot of shares in a few companies, then a little shares in a lot of companies. Of course this is all depending on performance. For my experts, does that sound like a sound strategy?

you are doing it right to start. i think with more knowledge and experience you'll eventually get to wheeling and dealing more. you can buy shares of companies with strong fundamentals that have been around for a long time and will be around for a long time (which is good and i do it as well), but you're gonna miss out on opportunities to make money if that's your only strategy. i only bought companies i planned on holding forever, but after a while i got into shorting, options and day trading. it's a good way to help bring in more money but you gotta do your due diligence. it can go bad fast if you are not doing your research.

 

[Squirtle]

you are doing it right to start. i think with more knowledge and experience you'll eventually get to wheeling and dealing more. you can buy shares of companies with strong fundamentals that have been around for a long time and will be around for a long time (which is good and i do it as well), but you're gonna miss out on opportunities to make money if that's your only strategy. i only bought companies i planned on holding forever, but after a while i got into shorting, options and day trading. it's a good way to help bring in more money but you gotta do your due diligence. it can go bad fast if you are not doing your research.

Thanks. I need to look into what shorting, options and day trading is. I'm not sure what that is.

 

[ahomeplateslugger]

Thanks. I need to look into what shorting, options and day trading is. I'm not sure what that is.

shorting is the riskiest imo and from what i read, i wouldn't recommend it for anyone starting out. i haven't actually done it because i'm still reading about it and i probably won't bother with it to be frank.

day trading is just buying and selling a stock within a single trading day. you have to start before pre-market to catch any news that could cause a stock to pop. avaya just partnered with ring central and the stock shot something like 40%. i read a good amount of people ate that day. chesapeake is another one that got a big pop when saudi arabia's oil refineries were bombed. ppl bought and sold at the end of the day.

options is a big gamble. it could pay out well but you can lose all of your money as well so thread carefully. i recommend reading up on it first and using a simulator or just predicting a stock movement and following it before actually buying a contract.


i recommend you browse that forum. i got some good info from reading that thread and just browsing threads there. another good spot is wallstreetbets some users are ridiculous and just clout post but there's good info occasionally and users make informative post that you can make money following.

for now just focus on building your portfolio tho. buy blue chip companies in different sectors so you're balanced.

 

[winb83]

The app gave me 1 share in Fitbit, I bought some shares in NEPT, ACB, and HEXO. I did some research on these companies and took advice from some of you in this thread. My goal is to play the long term, and keep buying shares in these three companies. My aim is to have a lot of shares in a few companies, then a little shares in a lot of companies. Of course this is all depending on performance. For my experts, does that sound like a sound strategy?

That's a risky sector to want to have a lot of shares in three companies in. It's probably better to pick 2 or even 1, the best company, and go with that then put your money in other sectors.

 

[Tug life]

Hexo lowers guidance on fewer than expected sales and the whole sector got slammed

HEXO posted its preliminary financial report for the fiscal fourth quarter ended July, sharing expected net revenue for the quarter to be around CA$14.5 million to CA$16.5 million. Analysts expected CA$24.8 million.

It has also withdrawn its financial outlook for fiscal 2020, projecting net revenue for the year to reach around CA$46.5 million to CA$48.5 million.

“Fourth quarter revenue is below our expectation and guidance, primarily due to lower than expected product sell through,” said Sebastien St-Louis, CEO and co-founder of Hexo Corp

Hexo Falls 20% After Lower Q4 Guidance, Withdrawing 2020 Outlook

 

[ahomeplateslugger]

it's tough times for this sector. i truly believe it'll take off but it's just a matter of when.

 

[Tug life]

it's tough times for this sector. i truly believe it'll take off but it's just a matter of when.

That's true. I believe the derivative market will be huge in helping this. Edibles become legal to sell in Canada this December, when those sales start to come in we will see growth. I've always said the real money isn't in the flower because people been getting it illegally and at good quality and prices. Even though people can make their own edibles it's better to know exactly how much you are getting and the varieties will be endless. I smoke weed everyday and edibles that are homemade don't effect me. When I got these 10mg thc gummies from Denver one time it was so potent. it was like smoking a full split of fire and I felt it fast.

I personally believe there is a huge market for people who want to consume thc discreetly. Another problem I'm hearing is lack of quality flower. I heard ACB and Aphria have good bud but not many others produce good product.

 

[Tug life]

Here's Why Oct. 17 Is the Marijuana Industry's Most Important Day of the Year | The Motley Fool

Extraction-service providers, such as Neptune Wellness Solutions (NASDAQ:NEPT), Valens GroWorks (OTC:VGWCF), and MediPharm Labs (OTC:MEDIF), are predominantly insulated from these concerns given that their revenue doesn't come from individual product sales, but rather fee-based services provided by intermediate-term contracts. That means Neptune Wellness, Valens GroWorks, and MediPharm Labs can count on predictable cash flow each and every quarter.

For instance, even though Neptune Wellness is focusing its extraction efforts on the U.S. via its recent acquisition of SugarLeaf, its subsidiary offers 200,000 kilos of extraction capacity annually in Canada. In June Neptune signed the largest aggregate extraction deal to date with The Green Organic Dutchman totaling 230,000 kilos over a three-year period.

Likewise, we've witnessed Valens GroWorks and MediPharm Labs nab big-time deals. In June, Valens upped its extraction agreement size with Tilray to 60,000 kilos annually, while also snagging an 80,000 kilo-in-aggregate two-year extraction deal with HEXO in April. Meanwhile, MediPharm has an 18-month extraction-services deal in place with Cronos Group worth $30 million that could be doubled to $60 million over 24 months.

Cannabis may be a volatile industry, but extraction-service providers are looking to be one of the safest ways to play this rapid growth and the eventual rise of derivatives.

 

[Tug life]

Marijuana etf, Aurora,Tilray, Organigram,Canopy growth,Hexo and Canntrust all hit 52 week lows today

 

[Squirtle]

Marijuana etf, Aurora,Tilray, Organigram,Canopy growth,Hexo and Canntrust all hit 52 week lows today

What goes down must come back up?

I'm in this for the long game, and I only put in what I was ok to lose.

 

[Rickdogg44]

Marijuana etf, Aurora,Tilray, Organigram,Canopy growth,Hexo and Canntrust all hit 52 week lows today

 

[ahomeplateslugger]

Jefferies downgraded market leader Canopy Growth CGC, -2.89% WEED, -3.57%, and cut its stock price targets on the sector by an average 50% to reflect the greater risk and volatility in the sector. Analysts Owen Bennett and Ryan Tomkins agreed that the next 12 months will “see strong divergence between those who can execute/move to profit and the rest.”

The analysts upgraded Flowr Corp FLWR, +21.55%, Hexo and Organigram OGI, +9.38% and named Aurora Cannabis ACB, -1.34% , ACB, -3.23% Green Organic Dutchman and Aphria as top picks in the sector with buy ratings.

Cannabis stocks mostly higher after major rout but concerns about lack of profit persist

this market is gonna have a lot of volatility until it has federal approval but i'm sure most knew that. there's basically canada and colorado for these companies to make money in it seems. it was overbought then dumped when the earnings didn't reflect the valuation. we're just seeing a correction. if you're in this for the long haul and you already invested in a company or two then you should be buying the dips. if the volatility scares you then you should look at another sector.

 

[Sugarbush]

Just sold my HEXO position good luck brehs

 

[KING WILL]

You sold at a 52 week low?