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Medical Cannabis, watch list of pot-related stocks
blacksheep
post Posted: Dec 8 2018, 01:50 PM
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In Reply To: blacksheep's post @ Dec 7 2018, 02:41 PM

Extract from this US article https://mjbizdaily.com/aphria-cannabis-stock-plunging/. A number of ASX listed cannabis stocks have entered into arrangements with Canadian companies. Begs the question - how much due diligence have those ASX listed companies done on their partners?

QUOTE
2. Bigger than Aphria

The accusations could have broader implications for the industry and call into question just how much due diligence occurs as cannabis companies embark on their rapid expansions, said Andrew Kessner, an analyst with New York-based investment advising firm William O’Neil.

“Things have been moving so quickly in this space that a lot of companies have gotten a pass as far as what they’ve been spending their money on and why,” he said. “I think investors are starting to wise up and ask, ‘What’s really under the hood?’

“Are these executives really being good stewards of investor capital or are they inflating their company’s position to bring up valuations and do another round of funding?”

Damas agreed.

“It’s this sort of thing that could be the crack in the dike – so to speak,” he said. “It’s going to have ramifications for the whole industry.

“Other people are going to start taking a look at those assets that are far and away and wonder if they’re really worth what management is paying.”

3. Reassessing international plays

Aphria’s stock selloff could also signal just how critically investors view the international footprints of Canada’s larger cannabis producers, Kessner said.

“These companies have used the Canadian (capital) markets as a launching pad to raise money based on their plans to grow internationally,” he said.

“If that growth story – of being a global player – gets shot down, then their valuation begins to make no sense.”

Analysts at both GMP Securities and Bank of Nova Scotia moved their ratings for Aphria to “under review” after the short-seller report.

“We believe that management’s credibility may have been impacted by the allegations raised in this report,” GMP analysts wrote in a note to investors. “It is unclear at this point how the company will re-establish trust with investors.”


Might be a bit out of date, but - The Cannabis Index: A complete guide to cannabis stocks on the ASX - https://www.businessnewsaus.com.au/articles...on-the-asx.html




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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Dec 7 2018, 02:41 PM
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In Reply To: blacksheep's post @ Oct 16 2018, 09:30 AM

No doubt relevant to ASX listed pot stocks also. See the Short Selling thread for more on Aphira, including Hindenburgs report
Cracks Form in Cannabis Surge After Short Seller Targets Aphria
QUOTE
Pot-stock euphoria appears to be wearing off, with a short-seller report targeting Aphria Inc. raising broader questions about governance and financial disclosure in the adolescent industry.

Aphria’s stock price was chopped in half and several other pot stocks including Aurora Cannabis Inc. and Canopy Growth Corp. fell following the report from Quintessential Capital Management and Hindenburg Research, which alleged Aphria paid inflated prices for assets held by insiders.

The report is adding to concerns that the sector can’t justify the lofty valuations reached shortly before Canada legalized recreational cannabis in October. Since Oct. 16, the day before legalization took effect, the Horizons Marijuana Life Sciences Index ETF has lost 41 percent, pressured by supply shortages and weaker-than-expected earnings.


QUOTE
“This is like any industry, you’ve got to look at management teams, you’ve got to look at governance,” Engel said in an interview at Bloomberg’s Toronto office. “We’ve got a number of companies in this space where the CEO is the chair. From a governance perspective that’s not ideal, you need independence.”

Many pot companies are criticized for their frequent use of press releases in what appears to be a blatant attempt to boost their stocks, said John O’Connell, CEO of Toronto-based investment manager Davis Rea Ltd., which has been short Aphria’s stock since September.

“The rubber’s going to start hitting the road here pretty quickly in terms of who actually has executed on their business plan and not just promoted the stock,” O’Connell said.


QUOTE
Looking ahead to 2019, it appears that the correlation between pot stocks will continue to break down as some companies successfully mature and others fail, said Rosen.

There’s a small group of companies that will survive and a large number that are going to collapse.”


read more - https://www.bloomberg.com/news/articles/201...-targets-aphria



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 16 2018, 09:30 AM
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In Reply To: triage's post @ Oct 14 2018, 01:23 PM

Is weed the new Bitcoin? - probably. A few companies might succeed, the tail enders will fail - like most bubbles

Pot Stocks Find a Bear With Analyst Eyeing ‘End of Cannabis Rainbow’
By Kriti Gupta
October 13, 2018, 3:07 AM GMT+11

QUOTE
Canada’s legalization of marijuana rolls out this week, yet one analyst is warning that the “tail end of the cannabis rainbow may be approaching much faster than investors realize.”

Veritas Investment Research analyst Stuart Rolfe initiated coverage Friday on four of Canada’s largest cannabis stocks, carrying the only sell rating on each, saying “the market still lacks perspective when it comes to the size, shape and sustainability of Canada’s proverbial pot of gold.” He initiated coverage of Aphria (price target $19), Aurora Cannabis ($13), Canopy Growth ($30) and Cronos ($4.50) giving them all sell recommendations.


https://www.bloomberg.com/news/articles/201...annabis-rainbow



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
triage
post Posted: Oct 14 2018, 01:23 PM
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In Reply To: blacksheep's post @ Oct 14 2018, 12:15 PM

"therapeutic cannabinoid" - yeah nah, probably. As Botanix Pharmaceuticals says why would you extract therapeutic cannabinoids from a plant when you can manufacture the stuff in the lab. Similar logic to the production of aspirin: lots of people use aspirin but these days virtually none of it is produced from willow bark. A couple of major problems with relying on grown cannabis is you cannot be sure of the quality or the quantity of the input (growing conditions).



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"The market can stay irrational longer than you can stay solvent." John Maynard Keynes

"The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought." Rudiger Dornbush

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Said 'Thanks' for this post: blacksheep  
 
blacksheep
post Posted: Oct 14 2018, 12:15 PM
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Cannabis Set To Disrupt $500 Billion Market Amid DEA Approvals And Canadian Legalization: Canopy Growth CEO

The CEO of Canadian marijuana producer Canopy Growth says that marijuana is set to disrupt $500 billion in global markets.

QUOTE
Bruce Linton - whose company recently shipped cannabis from Canada to the United States using a yet-undisclosed "DEA-approved partner," told CNBC's Jim Cramer that the "back-of-the-envelope math" pencils out - between therapeutic cannabinoid treatments to a cultural shift from alcohol and tobacco to recreational pot use.

"We disrupt alcohol potentially, cigarettes potentially, in terms of smoking cessation," he told Cramer. "We really disrupt pharmaceutical, because whether or not you're geriatric care, you're dealing with arthritic conditions, you're someone who can't sleep, you're going through an oncology treatment, I think you're going to find cannabinoid therapies really hit there."

"And so you add all that together, plus the existing $200 billion illicit market, that pretty quickly gets you up around $500 billion," Linton continued. "It sounds like a 'How could it be?' but just do a bit of the back-of-the-envelope math. It's not crazy."

https://www.zerohedge.com/news/2018-10-13/c...ls-and-canadian

. It's not crazy." - time will tell if his back of the envelope maths adds up unsure.gif



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 11 2018, 06:16 PM
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The Next Big Thing Is Weed Beer
QUOTE
BOTTOM LINE - Beverage brands are investing heavily in Canadian cannabis companies, betting trendy drinks infused with marijuana will generate huge sales.

read more - https://www.bloomberg.com/news/articles/201...nd=premium-asia



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 


blacksheep
post Posted: Sep 24 2018, 03:01 PM
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In Reply To: blacksheep's post @ Sep 23 2018, 08:43 PM

It’s Official—Cannabis Is the New Crypto
As one speculative frenzy fizzles, another arises from its ashes.
QUOTE
Marijuana Inc. is making more headlines than Crypto Corp. as the stocks of companies linked to the cannabis craze get caught up in a mania that’s sent prices surging.

https://www.bloomberg.com/news/articles/201...ike-with-shares?



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Sep 23 2018, 08:43 PM
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In Reply To: blacksheep's post @ Sep 21 2018, 01:54 PM

Pot stocks: Wall Street's latest vice
Friday, September 21, 2018 - 03:00

Investors are getting high on the few publicly traded marijuana stocks available in the U.S. , mirroring the kind of buying frenzy seen in the early days of bitcoin.

https://www.reuters.com/video/2018/09/21/po...;videoChannel=5

Hedgeye's Cartoon of the Day: Stoned
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Sep 21 2018, 01:54 PM
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In Reply To: blacksheep's post @ Sep 19 2018, 01:27 PM

Looks like ASX listed Althea is ding a US listed Tilray rolleyes.gif SP up 190% today thus far - now 58c Good to see HC luv heart shimmer pumping this one. biggrin.gif but punters should also take a look where his previous rockets are currently - many have come back down to earth sad.gif Know when to get off the rocket ship - just IMHO

QUOTE
Puff, puff, pass: Tribeca takes stake in third pot stock

Fund manager Tribeca Investment Partners will this week spark up its pot trifecta, with an investment in soon-to-be-listed Althea.

Althea, which is expected to hit the ASX boards on Friday with a $40 million market value, gained its medical cannabis licence in March.




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Sep 21 2018, 12:30 PM
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Posts: 5,115
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Reefer Madness: why marijuana shares could be the new crypto

QUOTE
Investors are craving marijuana stocks as Canada prepares to legalise pot next month, leading to giant gains for Canada-based companies listed on US exchanges. Some experts are concerned that the ending will be a buzzkill.

Billions of dollars have poured into the stocks in the last few months, and investors smell green (money, not leaves) in the air as they consider the opportunities these companies might have as the marijuana market in Canada grows, along with the possibility that the US and other countries could follow suit.

The value of one company, British Columbia-based Tilray, has jumped tenfold since its initial public offering just two months ago. The company had $US20 million ($27.4 million) in sales in 2017, but it's now worth considerably more than Macy's or Hasbro. With those huge gains have come extreme swings.

Wednesday was a trip for Tilray stock: after closing at $US154 the previous day, it opened at $US233 a share, soared to $US300, and then plunged to $US151 before rallying to close at $US214. Trading was halted several times because of that volatility.


QUOTE
And Mahoney said if there is a bubble, larger investors will protect themselves and won't overinvest in single companies, but smaller investors who see a chance to get rich quickly could suffer painful losses.

"The small investors always end up with the short end of the stick," he said. "They don't have the insight, they don't have the experience."

An investor who bought Tilray stock Wednesday might have agreed, as the shares fell 18 per cent to finish at $US176.
read more - including Coca Cola acknowledging "it could one day offer cannabis-infused drinks" . https://www.theage.com.au/business/markets/...921-p50549.html



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


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