Anyone buying marijuana stocks?

[Tug life]

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.

If you're in it for the long term than this is a "sale" what most of the industry is facing is slower than expected approval of licenses to be able to operate certain areas of the business. Health Canada has been notorious for taking long on approvals. Hexo has a deal with Molson Coors so I doubt Coors will let it fail. I'll be paying attention to Aphria earnings report next week. Thinking about having Hexo, Neptune, Aurora, and maybe Aphria as my Cannabis play's.

 

[drifter]

Aphria beat forecast, up 24% and growing
Aurora up 4.8%
Tilray +5%
Canopy +3%
Hexo +6%

 

[ahomeplateslugger]

huge day for weed companies. i think now would be a good time to buy more or start a position.

 

[Tug life]

huge day for weed companies. i think now would be a good time to buy more or start a position.

I'm thinking more and more that we are about to have another run. The next big catalyst is the SAFE banking act, which would allow American companies, hedge funds and institutions to invest in Cannabis stocks. That can happen this month and that will be HUGE all cannabis companies are retail investors now. Just wait until the big boys come to play SAFE Banking Act has banks showing more interest in cannabis clients

Tomorrow it will become federally legal in Canada for edibles but they won't hit store shelves until December. I personally think this is the time to pick the winners of the sector and because they will see huge gains while the weak ones will start to fold.

 

[Reality]

Thinking of investing in the space...any recommendations on podcasts / websites to get up to speed more quickly?

 

[KING WILL]

My personal favorite for medical insiders to watch is the Fabulous Baker Brothers (no relation to the 1989 musical). Felix Baker owns a Phd in Immunology and is the most massive inside buyer I know of. Julian Baker holds an A.B. Magna Cum Laude from Harvard (social studies) and this blend of intelligence founded Baker Brothers Investments in 2000, which offers their hedge fund, Baker Brothers Advisors, among a family of funds for institutional investing. Together, they are on the boards of several medical companies.

The Bakers' fund tends to run just a handful of heavy-weighted positions although they spread the money out over nearly a hundred names. What strikes me about the names they buy heavily is the high buyout rate. For example, as tabulated by J3 Information Services, the fund's holdings, in heavy positions at the end of 2013 were : ACAD, SLXP, XOMA, GHDX, SGEN, PCYC, INCY, and GEVA. Of those eight, four have been bought out at fat premiums. That's a .500 batting average for takeout home-runs in just three years.


BAKER BROS ADVISORS LLC : Portfolio Holdings | J3SG

The Bakers’ success has been built on sweeping advances in the science of genetics, a meteoric rise in biotech stocks and a period of frenzied dealmaking as large biopharmaceutical companies have snapped up smaller innovators.


Bloomberg - Are you a robot?



Amarin

The Baker Brothers also increased their stake in Amarin Corp. PLC ADR (AMRN) by 25%, buying an additional 8.5 million. The Baker Brothers now own about 13.2% of the company, or 42.6 million shares, a value of about $579.7 million that places it right behind Acadia in the portfolio. Amarin’s shares rocketed higher in November after data showed its drug Vascepa reduced the number of cardiovascular events

The Baker Brothers Made 3 Massive Biotech Bets in the Fourth Quarter - WhaleWisdom

 

[jaguar paw]

I sold the last of CGC and ACB I had last week.

Thank God.

It will be quite some time before I put money into weed stocks.

 

[winb83]

If you believe in these Marijuana stocks this is a great buying opportunity.

 

[jaguar paw]

ACB up 1000 percent pre-market

 

[KING WILL]

ACB up 1000 percent pre-market

gotta be a split.

Link:

12 to 1

Aurora Cannabis will roll up its shares Monday in a reverse stock split — here’s what you need to know


Had 1.3B shares.

 

[mannyrs13]

gotta be a split.

Link:

12 to 1

Aurora Cannabis will roll up its shares Monday in a reverse stock split — here’s what you need to know


Had 1.3B shares.

Now that I see you know about stuff like this, I think I'm either tripping or got screwed. I had ACB stock a few years back, like 2018. I looked up the transaction in Fidelity and it said I sold 75 shares at a $7.25 price on 10/25/18. But when I look up the ACB stock and go back to that date, the stock price is like 80 something dollars. Was there another company named Aurora Cannabis or one that also used ACB cuz this seems weird as hell.

 

[KING WILL]

I think you held this stock b4 it was unlisted to the NYSE. It had a different ticker symbol b4 the uplist (when it was an OTC Stock).

Maybe during an uplist the old ticker is sold and/or traded for the new ticker symbol.


I'm sure of the 1st part. The 2nd part is a guess.

 

[KING WILL]

@mannyrs13

Acb running wild.

 

[Tallac]

ACB

 

[mavsman]

ACB

So is now a good time to jump back into Cronos now that it’s under $6??