4️⃣2️⃣0️⃣ POT STOCK 4️⃣2️⃣0️⃣ 💎🤚 ROCK SOLID HOLD 💎🤚 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 Sundial Growers produces high quality cannabis products in their individual controlled modular grow rooms at a 470,000 sq ft state-of-the-art Health Canada licensed facility in Olds, AB, eh. With a large portfolio of brands, they have products at every price point from low to high-end, flower to topicals and a crap ton of money. In the beginning of February, they announced the completion of a $0.75 public offering for a cool $100 milly. Simultaneously, they launched another offering. BuT tHaT's GoInG tO DiLuTe tHe MaRkEt! ThE sToCk HaS A 1 BiLlIoN dOlLaR fLoAt. Doesn’t that fucking suck? No, it doesn’t, and I’ll tell you why: it’s good. These offerings allowed these guys to load up on mad cash and sky's the limit with this new found cash money 420 swag 69. They are sitting on something like $600+ milly. That is a lot of fucking money. So what are they going to spend it on? Acquisitions? Expansion? Whatever it is, I trust the fuck out of their management team. "Sundial's current balance sheet and liquidity enable management to focus on delighting consumers while providing significant optionality to participate in North American consolidation," said Sundial's CEO, Zach George. Fuck yea George, delight me. more rockets🚀🚀🚀🚀 Last week, this thing was in delisting territory, making this a tough gamble even at the low $1 ranges. Fast forward, we're like 1 day away from compliance, aka that is no longer a problem. brushshoulderoff We saw some crazy movement last night and premarket this morning, potentially shorts covering some naked calls, as we saw a lot of call action at $1.50, $2, $2.50, and $3 this week. Then, we opened and saw some major sell-off. That’s fine, because we got to see how this reacted to this once volume leveled out. Good news, we’re chilling around $3 which is where we will likely do battle today. Now, we’re also seeing people go full HAM on $5 2/19 calls for the next leg of our journey. ALL OF THIS MOVEMENT IS HAPPENING WITHOUT THE CATALYST. That's why I'm 💎🤚 AF RN. You know what else excites me about this banger? When I go to purchase this stock in Fidelity, do you know what happens? MESSAGE DW34-FUCKING-02: The price of this security has been highly volatile. Consider the potential risk of loss and closely monitor any purchase you make. Uhh, can you say BONER JAMZ 2021? $SNDL TO THE MOON BABY 🚀🌙 But don’t take my word for it. Seriously, don’t. I’m not a financial expert and this is not advice, merely my meaningless pea brained opinion. Do your own research and shit. Or don’t, I’m not your fucking dad. POS: 2000 @ $1.11 and added 13 $5 C 2/19 on today's dip Edit: Market is red and esp weed. Add when sad. I'm down here scoopin up dips and buyin value contracts.
Was curious to see where you guys believe the stock is going number wise. It is hovering around 5$ with huge gains over the past little while. I know single game betting may become legal in Canada soon. So what are your guys thoughts?
Megathread: President Donald Trump announces he has tested positive for Coronavirus | Part II
President Donald Trump announced he and First Lady Melania Trump had tested positive for the virus and will begin their quarantine and recovery process immediately. The news comes after it was announced that close presidential aide Hope Hicks tested positive Wednesday evening. Megathread Part I
I have seen (TSX: FIRE) (OTCQX: SPRWF) get a lot of hype the last few days. It has been the second most actively traded stock on the TSX in the last ten days. They also have a ticker that is literally 🔥 and a brand name that is ultimately supreme. I couldn’t think of a bettedouchier name and ticket for a Cannabis company.
Now the question is, should we buy into the hype?
First, what is $FIRE? $FIRE = the Supreme Cannabis Company produces marijuana under the banner of its wholly-owned subsidiary 7 Acres. They have a 440,000 square Cultivation facility. They also claim to have a robust R&D and genetics program, advance processing and automated packaging capabilities, and is Health Canada licensed for the sale of cannabis 2.0 products. They claim they have emerged as one of the world’s fastest-growing, premium plant driven-lifestyle company by effectively deploying capital to build a diversified portfolio of successful cannabis brands. I personally feel like every Cannabis company says the same thing so that’s nothing new. Long story short, Supreme grow and hold Cannabis supplies their partners who produce specific products. Their partners are 7Acres, Blissco, Truverra, Sugar Leaf and Hiway (see picture below). In FY2020, Supreme Cannabis brought +35 cannabis consumer products to 10 provinces across Canada, formed an industry leading sales partnership, maintained a strong wholesale business and completed its first international medical cannabis export.
Here is a screenshot of what each “partner” is licensed to sell and where they can sell it.
https://preview.redd.it/zw8ze7o8dwf61.png?width=2612&format=png&auto=webp&s=c069d60dfc3a424ae19c653ced14c4b03de4dfa8 Comparing FIRE to other major and small cap weed companies there is nothing overly concerning/amazing. Fire did post a loss in its most recent financial year of CA$139m and a latest trailing-twelve-month loss of CA$93m shrinking the gap between loss and breakeven. Note they did offer a big 100m fundraiser to generate capital for new partnerships, expansion. I personally am of the belief that you need to attack to grow a business. Especially in crowded sectors such as Cannabis. I would rather see them look to create change and shake it up. You NEED to do something after having your market cap shrink as much as they have. Also keep in mind losses aren’t inherently bad as a company needs to invest to grow, but they do they to post positive earnings. They have their earnings coming up soon, so this is where momentum can change, if they can post a good quarter, I feel like the stock could explode. They are projected to grow 77.82% per year, plus the CEO has a good track record so it looks promising (more of that below). But do note do not have a ton of cash to keep them fluid, so this earnings report is super important. They’ve missed their last four quarters and they need to start producing some profit. Their earnings report will be announced Feb 11, 2021. People might be accumulating and generating hype on the hope of a good earnings report. This is similar to what happened with $SCR. Score absolutely blew up after they had a good earnings report after several consecutive quarters at a loss. Keep in mind this isn’t always the case (just look at AMD). Summary: If you're willing to wager on this earnings reports being positive, this is nothing to worry about. If you're super adverse to risk, I would maybe stay away. Could be huge upside, but it is a gamble.
Team:
April 27, 2020 the company made a wise move, bringing in Beena The Beauty Goldenberg: Beena is now President & CEO of Supreme Cannabis Company. Goldenberg brings 30 years of CPG experience to her roles at Supreme. For the last 15 years, she worked in the natural and organics space. As the CEO of Hain-Celestial Canada, she grew the business from approximately $40 million to over $300 million by the time she left in 2020. Here is a statement of Beena speaking pure fire about fire:
I joined Supreme Cannabis as President & CEO in April because I was drawn to the Company’s focus on quality – not just in our products, practices, and facilities – but in the emphasis our people place on continuous improvement across the organization. Since joining, I have seen us make significant progress in transforming ourselves into a premier cannabis CPG company.
It looks like Beena the beauty is in here to shake things up and bring some growth to this company. She noted that 2020 was a tough year for Cannabis growth, but it is clear a lot of investors are bullish on its opportunity in 2021. She came in and made some tough choices which I like, such as restructuring the organizational model, and adjusting the assumed valuations on parts of the business. Good to hear she made some cuts, shook things up and is looking to bring FIRE back to it’s 2018 hype. I didn’t look into the rest of the team too much, they all look pretty run of the mill executives. If someone wants to look more into the team it would be appreciated. Otherwise they have a 400 employee team everything looks pretty granola for the size of their operation. Summary: In Beena the beauty we trust.
Now that you probably know more about FIRE than your degree, the big question is wether there is news to support the recent price action/drive up more in the future?
Playing with B2B sales. They struck an agreement with Breath of Life International Ltd. to offer Truverra-branded premium medical cannabis to patients in Israel. To date, we have made three shipments of medical cannabis through the agreement. This “capitallight” approach further diversifies our revenue and builds Truverra as a global medical brand.
^ This is good because it shows they’re looking for international partners. This is where the real money is IMO, especially if legislation starts to change around the world regarding Cannabis products.
Earnings on Feb 11
^ Gamble, I feel like it will be better, but if it isn’t great, I think the price will take a beating again. If it’s good 🚀
I’m sure they’re seeking out more partners, opportunity for growth, new CEO is making the right moves. They just need to get their earnings up.
Opportunity for mergers is another positive option.
u/Hunterston noted that PepsiCo & Monsanto may have invested interests in the stock. He claims that BOL Pharma got their foot in the canadian market thru Supreme. supreme has sent 4 shipments to them and BOL afterwards sent a shipment to the UK with outstanding results. Potential shipments to Australia? I suspect we can learn a lot on the earnings call so we'll see if this is all true. This could further pump price action.
TDLR Should you buy? I will buy. I am not comfortable YOLO’ing in this company but I feel like there is decent upside. It really depends on this earnings report, if you get in early you could get some great returns but you could also be investing in a dying company. They aren’t an insanely healthy company, so I would go into this with some skepticism. I have personally been looking for a decent weed play and I feel like this is as good as any for earning potential. They have a product, earnings, and partnerships + plans, I can definitely see this company experiencing some growth. So much of this is dependant on earnings and it’s a decent company, but it isn’t really revolutionary. The weed sector is still new and so pillared to regulation. Governments are going to be looking for new $ after all the stimulus they’ve been giving so they should be more accepting of emerging sectors, but ultimately bureaucracy does what it will. I’m not going to lie, one decent reason to buy is their branding. I can just see a lot of you shmelts getting fired up about FIRE because of the ticker and the company name supreme. I know this isn’t the most sound financial logic, but this is memorable and because of the low market cap, unique branding and potential, I can see it getting pumped by communities and P2P conversations. I am not a financial advisor, make your own educated decisions, but I will likely be buying 5-10k shares to hold for a few years. Hopefully this helped 🚀 🚀 🚀
FuboTV DD (First time making DD, please give advice)
I tried to make it easy to skip around if you just want to see the financials or estimates. Just scroll to them if you don't care what the company is or their sectocompetition/management. TL;DR at bottom with final thoughts. Introduction “FuboTV ($FUBO) is an American streaming television service that focuses primarily on channels that distribute live sports, including NFL, MLB, NBA, NHL, MLS and international soccer, plus news, network television series and movies. Launched on January 1, 2015 as a soccer streaming service, FuboTV changed to an all-sports service in 2017 and then to a virtual multichannel video programming distributor (vMVPD) model. As a vMVPD, FuboTV still calls itself sports-first but its expanded channel lineup targets cord cutters, offering a selection of major cable channels and OTT-originated features that can be streamed through smart TVs, mobile and tablets and the web. The service is available in the United States, Canada and Spain as of 2018." From their home page: They are the only competitors in their space of digital sports broadcasting, offer 4K streaming and upscaling of live sports, cloud DVR capability ranging from 250 or 1000 hours on standard plans, and is available on Roku, Apple TV, Amazon Fire TV, Chromecast, Samsung Smart TVs, Xbox One, Android TV, Android Smart TVs, and Android/iOS smartphones and tablets, with plans ranging from $24.99/month to $79.99/month (not including add-ons). They have also recently acquired one company and have made plans to acquire another to allow for in-house sports betting. They have stated in a press release that they plan to release a sportsbook before the end of the year. This will push them into a broader spectrum outside of only TV and sports streaming, and into the sports betting sector along with DraftKings ($DKNG), FanDuel ($PDYPY), and Penn National Gaming ($PENN). Plans and Add-ons FuboTV offers three standardized plans as of February 8, 2021: the Family plan is priced at $64.99/month (normally $75.97/month), Elite at $79.99/month (normally $100.95/month), and Latino Quarterly at $24.99/month, along with offering additional add-ons. Each plan offers a range of channels, cloud DVR capabilities (which allows fast-forwarding through commercials), and casting to multiple devices simultaneously. Only the Elite plan does not offer a 7-day free trial (Channels page). The Family plan includes 117 channels (mostly news and entertainment with roughly 40 that offer sports, including ESPN), up to 250 hours of DVR space, and casting to 3 devices at once. The quarterly prepaid includes a free upgrade to 1000 hours of DVR space and 5 casting devices at home with 3 on the go (Channels page). The Elite plan includes 164 channels (includes an additional “47 entertainment channels”), up to 1000 hours of DVR space, and casting to 5 devices at home with 3 on the go. This plan does not offer a quarterly prepaid (Channels page). The Latino Quarterly plan includes 250 hours of DVR space and can be streamed on up to 3 devices at once, but only has 32 channels. This plan needs to be prepaid every 3 months for a total charge of $74.97 and does not offer a monthly service (Channels page). Upgrades include additional DVR space--1000 hours for an additional $6.99/month for the Family and Latino Quarterly--and increased device casting--an additional 2 devices at home with 3 on the go for another $9.99/month for the Family and Latino Quarterly plans. You can also add a variety of channels and sports packages (the Latino Quarterly has fewer channel add-ons compared to the Family and Elite plans, which both have the same channel varieties). Sports Plus with NFL RedZone is an additional $10.99/month, but includes all professional and college sports broadcasting services for football, basketball, baseball, hockey, tennis, fighting, etc. (Channels page). Fubo has recently removed its former Standard plan, which included only 65 channels, up to 2 casting devices, and only 30 hours of DVR support for $60/month. Financials and Growth Fubo has yet to file an annual report as they have gone public in October of 2020, but they have filed a 10-Q for Q3 2020. All numbers in thousands. Assets- Between December 31, 2019 and September of 2020, assets have increased from $368,225 to $799,313 (a 117% increase) . Total current assets increased from $17,973 to $58,016, but accounts receivable decreased from $8,904 to $6,975--this may be attributed to the increase in prepaid subscriptions which increased from $1,445 to $12,177 which shows strong customer satisfaction and retention. Liabilities- Liabilities have increased from $145,049 to $290,376 (a 100% increase). The largest contributors to their liabilities are “Due to related parties” increasing from $665 to $85,847, “Warrant liabilities” increasing from $24 to $28,085, and “Accounts payable” from $36,373 to $61,679. Long-term borrowings have decreased from $43,982 to $25,905. Revenues- Subscription revenues increased by $53,433, totaling $92,945 for the year. Total revenues including advertisements and licensing have increased by $61,202, totaling $112,669 for the year and an increase of 47% YOY. Q4 revenue is estimated to be between $94,000 and $98,000 which would be a 77-84% increase YOY. Expenses- Subscriber related expenses total $114,315 for the year. Total expenses have totaled $500,249 for the year. Subscribers- Ended Q3 with 455,000 paid subscribers, a YOY increase of 58%, and plans to end 2020 with over 545,000, an increase of 72% YOY. Competition Its closest competitors are Hulu + Live TV (owned by Disney ($DIS)), YouTube TV (owned by Alphabet ($GOOG)), and Sling TV (owned by Dish Network ($DISH)). Hulu + Live TV
Includes league networks
50 hours of free DVR (200 hours for $9.99/month)
More than 74 channels
Unskippable ads on DVR without upgrade to 200 hours
2 streams at a time
$64.99/month
Can add ESPN+ and Disney+ for an additional $7/month
YouTube TV
Includes league networks
Unlimited DVR storage
More than 85 channels plus YouTube Red Originals
3 streams at a time
Sports Plus package for an additional $10.99/month
NBA LeaguePass for an additional $40/month or $119.99 annually
Starting at $64.99/month
Sling TV Blue
Includes league networks
DVR up to 50 hours (200 hours for $5/month)
More than 45 channels
3 streams at a time
Sports Extra package for an additional $11/month
Starting $35/month
Can be combined with Sling TV Orange for a total of $50/month
Sling TV Orange
Includes league networks
DVR up to 50 hours (200 hours for $5/month)
More than 30 channels
1 stream at a time
Sports Extra package for an additional $11/month
Starting at $35/month
Can be combined with Sling TV Blue for a total of $50/month
Merger with FaceBank for $100 million revolving credit
Analysts and Estimates Average analyst ratings put Fubo at a Buy to Strong Buy rating with an average price target of $45.50 with a high of $60 and a low of $30. EPS estimates are estimated to be -5.23 for 2020 and -1.64 for 2021. Currently has a short float of about 75%, but the short volume has been holding at roughly 15-20% over the last month and has drastically declined from its October short volume of over 50%. Originally valued at $700 million less than a year ago, a current valuation of $3.19 billion is respectable for this company and is on par for its current performance. Risks
Marketing fails and Fubo is never known as a household name, so consumers stick with other more known providers
Their sportsbook fails and becomes dead weight and wasted money
Subscriber count and streaming drops as quarantine lifts, reducing revenues while maintaining expenses
Consumers opt for cheaper options
People paying for the sports package cancel when the season is over, creating a boom and bust cycle if not managed correctly
Final Thoughts / TL;DR With its drastic growth over the last year (400% in the last 4 months), support from FaceBank and well-known investors, and plans to join the sports betting sector, FuboTV has potential to become a household name and grow well beyond its current valuation by combining both sports broadcasting and online sports betting into one convenient place. Although unlikely to overthrow any of the current forces, it can become the best live sports broadcaster that people can turn to when they cut cable but want to keep live sports. It has many hurdles to overcome (creating their sportsbook, better marketing, increasing subscriber count, etc.) before it is any real competition to its already established competition. At a $3.19 billion market cap and very high (75%) short interest, it will be very difficult to realize consistent growth, but it is on par for a company with almost $100 million in revenue. My Position 25 shares at $47.30 Edit: edited final thoughts/TL;DR Please provide feedback! First time actually researching and compiling information for a company and not just reading about them on here. Also, please ask questions to clear up any confusion; it was kinda hard to put everything together neatly, so I might have accidentally left stuff out or oveunder explained some things.
The cannabis market right now is so similar to the start of the green energy market.. its nowhere near done being bullish. Save for some small dips, there will very likely be a huge bullish trend for 2021. EVEN NASDAQ AGREES. I’ve posted my positions a few times, and I’ll continue to do so. But this is my reasoning for investing in cannabis stocks in general for 2021.
I've been a bull on cannabis since the democrats had a strong pro-cannabis platform. But what made me go balls deep into the market was that the UN changed its classification of cannabis. Countries follow the UN closely for guidance on their own classification of controlled substances. Congress has repeatedly cited the UN’s classification as one of the reasons for not changing it. Several countries immediately changed their stance on cannabis in response to this, including Israel, which In November 2020, announced that it was moving forward with a plan to legalize recreational cannabis nationally. “The country is aiming to implement recreational legalization within nine months, and even if there are delays, that means mid-to-late 2021.” (This is my reason for investing in Canadian cannabis companies, because they are already poised to expand internationally since its legal there nationwide)
THE SENATE IS NOW BLUE! The Georgia runoffs were won by Democrats, and they can now swing the vote left with VP Harris. She promised it as part of her platform, so we know it will be prioritized. CHUCK SHUMER SPONSORED THE MORE ACT. HE WILL BE SENATE MAJORITY LEADER. IT WILL 100% BE PRIORITIZED BETWEEN HIM AND VP HARRIS.
EVERYONE predicted beforehand that the republicans would win Georgia... everyone talked down decriminalization passing the house because of they believed it would NEVER pass the republican majority senate. But the left spent more than any senate race in history to encourage voters to go out and vote. Only once the race started did it become clear that the left had a chance. Then some gains from the surprise that they won. However the gains from 1/5 onwards definitely hasn’t been priced in for all the future legislation, because some of it will be completely new legislation that wasn’t possible to consider before without a blue senate. THIS HASN'T BEEN PRICED INTO THE MARKET YET.
The government is broke post-COVID. There is a terrible image of the police. They don’t want to waste more resources on cannabis related crimes that would be fixed under decriminalization. And the tax revenue from decriminalization would be significant. Decriminalization (THE MORE ACT) opens up the borders to interstate-commerce and international import/export. This would all trickle down into Uncle Sam’s empty pockets.
New York Governor Cuomo announced on Jan 6 his plan to legalize marijuana for adult use (right after New Jersey vote, as I anticipated in my last post) as part of his State of the State agenda. The next step is a ripple out on the North East. NY didn’t want to miss out on tax revenue, neither will any of the other states in the northeast within driving distance of NJ and NY. This is Cuomo’s third attempt in three years to legalize adult-use cannabis in the state; last year, Cuomo included a legalization proposal in his state budget, but the plan was ultimately cut in the wake of the COVID-19 pandemic.
Other ongoing state legislature:
Rhode Island: Regulators have received 45 applications for six new medical cannabis dispensary licenses in the state. If all applicants meet the requirements for a license, six will randomly be selected in a lottery to operate retail locations in different regions across the state. Read more
Missouri: Rep. Shamed Dogan has filed legislation that would place an adult-use cannabis legalization measure on the state’s 2022 ballot. Meanwhile, Missourians for a New Approach has announced plans for a separate 2022 ballot initiative after an unsuccessful signature campaign to get the issue before voters in 2020. Read more
Alabama: Sen. Tim Melson plans to reintroduce a medical cannabis legalization bill this year. Medical cannabis legislation passed the Alabama Senate during the 2020 session, but failed to clear the House. Read more
Illinois: Illinois lawmakers have proposed the creation of 75 new cannabis retail licenses to give disadvantaged and minority applicants a second chance at licensing following the controversial licensing lottery to issue an initial 75 dispensary licenses. A work group made up of lawmakers and members of Gov. J.B. Pritzker’s administration met this week to finalize details of the bill, which will be introduced in a lame-duck session that starts Jan. 8, before new lawmakers are sworn in Jan. 13. Read more
Minnesota: House Majority Leader Ryan Winkler is again renewing his push to legalize adult-use cannabis in the state, announcing plans to reintroduce a legalization bill this year. Winkler told WCCO that he sees “Senate leadership as being the number one obstacle,” but said that if lawmakers agreed to place an adult-use legalization initiative on Minnesota’s 2022 ballot, “it would pass overwhelmingly.” Read more
Virginia: Del. Steve Heretick has reintroduced a bill to legalize adult-use cannabis. Heretick has proposed legislation related to decriminalization and legalization in the past, and this year’s bill would legalize the cultivation, sale and consumption of cannabis in the state. Read more
Connecticut: Gov. Ned Lamont renewed his push for adult-use legalization during his State of the State address Jan. 6, announcing that it is a priority for the new legislative session. Connecticut’s 2021 legislative session opened Jan. 6, and Lamont, a Democrat, kicks off the session with increased majorities in the House and Senate, which could increase his chances of passing an adult-use legalization bill. Read more
Now that you understand why I’m going green, here’s my reasoning for my positions. TLRY (Tilray)
largest cannabis company in the world by revenue post merger. Will run out of Seattle and New York City. New York Legalization on top of senate turning blue is a big catalyst for TLRY.
Merger hasn’t completed yet, and the merger happened before the senate went blue.. that was the gamble APHA was making, and they won. The sky is the limit now. When they merge, they will reduce expenses and be much more likely to post profitable quarters. (This is why mergers have so much hype; the sum is > than their parts because they can reduce operating expenses while maintaining revenue from the two companies)
Tilray CEO Brendan Kennedy: “I think medical cannabis will be legal at the federal level, which means medical cannabis can cross state lines and be imported into the U.S., like we export cannabis from Canada and Portugal to about 15 countries now,” Kennedy said. “Anyone who thinks there’s a state-specific medical market is wrong.” As for the recreational market, Kennedy says the state-specific markets, with interstate trade banned, “are not going to last long.” Kennedy believes that cannabis will be distributed like alcohol and tobacco within two years’ time. That would require significant overhaul of US federal drug laws—and would significantly disrupt all US cannabis companies’ existing business models. Brendan Kennedy, the cannabis billionaire will step down as Tilray's chairman and CEO. Irwin D. Simon, Aphria's current chairman and CEO will take Kennedy's place.
[On December 18, 2020, just three days after the U.S. Senate adopted the Cannabidiol and Marihuana Research Expansion Act (CMREA or the Act) (more on this below), the U.S. Drug Enforcement Administration (DEA or the Administration) published in the Federal Register a final rule, “Controls To Enhance the Cultivation of Marihuana for Research in the United States” (Rule), which finally paves the way for DEA to issue additional licenses to grow “marihuana” (i.e., cannabis) for research purposes.](https://www.jdsupra.com/legalnews/on-heels-of-senate-s-adoption-of-36129/)
GNLN (Greenlane Holdings)
One of the largest global sellers of premium cannabis accessories. Pax/JUUL/Volcano products. I’ve had Pax products, and although I prefer Arizer because of the affordability, I can’t deny Pax has quality products and is like the “iPhone” of vaporizers. I like their products, I like their branding. There’s lots of hype and loyalty, especially with their Volcano desktop vaporizer.
Strong US brands.
The main reason they did poorly was bad timing. They IPO’d during the year that JUULs started being banned. They’re actually at all those levels again. Theres a ton of upside potential.
Market cap is ridiculously low for some really renown brands all because of the JUUL flavor pod ban. Everyone knows Pax, Volcano, and JUUL. But no one knows Greenlane because of the bad timing of their IPO and the subsequent JUUL flavor ban. It’s crazy. They’ve already broke all time high for the year. But I’m holding until they break 1B market cap.
Overall i think too many people count it out just because of their IPO and subsequent decline in JUUL sales from the JUUL flavored pods ban. They definitely have the potential because of their strong branding and quality products. I’m betting on them having more high quality products in the future with equally loyal customers.
SNDL (Sundial Growers)
SNDL must close above $1 per share for 10 consecutive sessions by June 26, 2021 or it will bedelisted from NASDAQ. People see this as a fear factor, I see this as “they will do anything necessary to reach $1 for a week so they won’t be delisted”.. IMHO reverse splitter probably isn’t on the table since they could have done that in 2020, but instead applied for a 6 month extension after announcing “alternative strategic investments”. We can already see this by their predatory loan SPAC spinoff.
Rumors of a merger with CGC; SNDL also purchased a SPAC recently and entered an agreement with Zenabis, immediately claiming they defaulted. Turning that SPAC into predatory loan/debt repurchasing company. Imo if they want to complete a merger, it would be easy to sell ownership through that SPAC to the buyer.
THEY RECENTLY WENTDEBT FREE by selling off unprofitable assets in the business. This means we are much more likely to see earnings in future quarters, and they are much more attractive for mergers.
Because they are indoor growers, they are more likely to be bought up by a company in the consolidating Canadian cannabis market than fail all together. The amount of space licensed to grow cannabis in Canada is now heavily skewed toward outdoor cultivation instead of indoor for the first time, according to new data from Health Canada. A growing population of licenses for outdoor growers means that there aren’t as many indoor licenses being given out... If a company ANYWHERE IN THE WORLD wants to quickly expand into indoor growing OR into the west, they would have to purchase an existing company that has the license to quickly do so. This is WAY faster, and a guaranteed way to obtain a license rather than applying for one and waiting x amount of months and be rejected for some requirement that wasn’t met.
From my own experience, outdoor cannabis is subpar quality to indoor grown cannabis. So a growing market for outdoor cannabis doesn’t necessarily mean its better... it is likely just cheaper. I would imagine a high quality “craft cannabis” company would want to purchase SNDL, or an existing outdoor growing company that wants to quickly expand to indoor grown cannabis. With this being a Canadian company, there’s a chance a company in another country like Israel would be interested in purchasing it in the near future.
PLNHF (Planet 13 Holdings)
Biggest tourist trap in Las Vegas if you’re a stoner, casual smoker, or just wanting to try it. From my own experience, I think they will continue to be successful. If I went around the US trying other brands I’d probably be more confident in putting 5-10% of my portfolio into those picks or choosing to not include them lol. Like for example, I used to have Curaleaf. But there's tons of bad feedback on Curaleaf, a friend has tried it said the nug is really subpar quality and if I tried their nug I’d probably confirm that I wouldn’t want to invest in them. With PLNHF, i’ve seen the ambience and tried the product myself. It’s definitely a lot of hype price wise, but still quality. This is my own bias showing, but I still think they’ve got solid fundamentals and excellent location/strong US branding.
I’m well aware of other good stocks like GTBIF, CRLBF, SSPK, TCNNF, GRWG.. but these stocks haven’t been swinging as hard in response to pro-cannabis news. E.g. TLRY, SNDL, GNLN swung more than 20% some days from pro-cannabis news...I will likely reduce my current positions shortly after inauguration, after some news about the timeline for cannabis legislation, and diversify my positions more between these other good picks. 2021 is the year of cannabis boys
How To Value A Stock (From Someone Who Has Beaten The S&P Almost Every Year Since 2008)
I recently wrote this up for my friends who asked me how I do what I do. I figured I'd share it here. This is freely available to anyone who wants it, though please credit me if you simply copy/paste. Nothing here is novel, and can be done by anyone. I am not a financial professional, and the example given below is only Abbvie because I forgot that Abbott Labs was alphabetically the first in the S&P 500 when picking an example. First, let’s come right out and say that if you do not have the time to do this, or do not find it enjoyable, just buy low-cost index funds that track either the total market or the S&P 500. Second, let’s make an important distinction: Investing – This is the act of purchasing assets for less than their intrinsic value. This PDF will focus on how to determine the intrinsic value of an asset that produces income. Note that for most assets, this is simply how much money you can extract from the asset over the period of time that you hold it for. There’s no other value than money in investing. Causes and emotions are what philanthropy is for. Speculating – This is, at its core, the act of taking supply of an asset from the present to the future (by hoarding it). If there is more demand, lower supply, or both, this pays the speculator to take the asset from a period of low value to one of high value. It is not gambling, but is very difficult to do, since it entails taking on timing risk. It is not illegal, immoral, or impossible, but I have no special insight into it. I’ll leave it there. Gambling – This looks a lot like speculation, but without any particular reason to believe the asset will be more valuable in the future. Speculators at least estimate the value of an asset to investors, as they are ultimately the end market for an asset. Do not gamble. Full stop. Determining the intrinsic value of an asset The value of an asset is simply the present value of all future income that asset can provide you. Since a dollar in five years is naturally less valuable than a dollar today, you have to discount future income against the opportunity cost of forgoing the dollars you invest today. When we get to the Present Value equation, this is represented by interest. It can also be thought of as the opportunity cost of investing in the asset instead of some other asset or simply consuming the dollars instead. Here’s the actual math. Note that it’s not super hard, and while I will explain it, there are dozens of free websites that will quickly let you calculate this. The key phrase to Google would be “present value of a growing annuity calculator.” PV = (C / i - G) * {1 – [(1 + G)/(1 + i)]^n} PV = present value C = cash flow per period n = number of payments i = interest rate G = growth rate The value for PV is your estimation of what the asset is worth today. If this ends up far higher than the market price, you are probably purchasing dollars for quarters. Avoid edge cases, as you are guessing about both the interest and growth rate. C is the cash flow per period. If you have a high degree of confidence in the culture of the company and it has a long history of being good stewards of retained earnings, you can use the earnings per share (EPS). I usually use the dividend. It is impossible to fake or financially engineer a dividend, and requires less looking through financial documents to make sure it’s what it appears to be. But for, say, Apple or Microsoft or Chevron, feel free to use the EPS. The number of payments is how many payments you expect while holding the asset. Dividends in American companies are typically quarterly (though some pay monthly or every six months, so check on that), so every multiple of four would represent one year if you choose to do it that way. If n = 16, then you’re expecting to hold the asset for 4 years. You can also put in a year’s worth of dividends and keep n = years rather than quarters. I typically do n = 30, since 30 years is both a long time horizon that is realistic, and coincides when I will hit “retirement age.” You will have to decide how far ahead you’re planning. For most people, they are net purchasers of investments while working and net sellers while retired, so keep that in mind. Note that using years instead of quarters will lessen the amount of compounding, and will provide some cushion in case you’re wrong. Interest is one of the two variables you have to guess at. Typically, one would put what you expect the actual long-run interest rate to average for this investment. Unfortunately, this is really difficult. Instead, I use a rate that represents my opportunity cost. There are any number of relatively safe ways to get a 5% yield on money invested, so I generally use i = 5% to represent that this asset has to perform better than a utility or telecom or real estate investment trust. Feel free to use what you feel is most appropriate for you. A higher interest rate will lower the value of the asset, so high-balling this number will provide some cushion in case you’re wrong. The second variable you have to guess at is the growth rate. If you’re looking at the dividend, you want to know how fast to expect it to grow over time. If you’re using the EPS for C, then you want to see how quickly the total earnings are growing per share. This is extremely difficult to predict. I recommend taking the 5-year growth rate and halving it. Dividends will also be more predictable here, as most companies pay out far less than they make, which means even if EPS grows slowly, the dividend can still grow quickly for many years after a boom is over for the company. Note that lowering your estimate for G will lower the value of the asset, so low-balling this number will provide some cushion in case you’re wrong. OK, so let’s walk through an example. I’ll use Abbvie, a biotech/pharmaceutical company. It has a quarterly dividend for the coming year of $1.30/share. Its dividend has an 18.5% growth rate over the last 5 years, and has grown it for the last 7 (it’s only been around for 8 years). I assumed a growth rate (G) of 7%. I used $5.20 as the starting dividend this coming year and used years for my n = 30. As always, I used i = 5%. This gave me an estimated present value of 1 share of Abbvie at $197.94. As of writing this, Abbvie shares are trading on the market at $103.43. This looks like a screaming buy, but first let’s look at why I have a high degree of confidence. Note how the interest was higher than the going rate – I used my “low-risk alternative” as an opportunity cost. Abbvie has an extremely high rate of growth for its dividend, so I took less than half of its current rate. I also calculated annually rather than quarterly, which reduces the impact of high rates of growth. That’s three places in the equation where I consciously lowered the estimated value of a share of Abbvie, and it still came out as a strong buy – spending less about 50c for a dollar! I do this because even if I’m wrong in some or all of my predictions, I now have quite a bit of room to be wrong and still make money. It’s like how you don’t walk next to a steep cliff, right? You should know how to walk where you want to, but there’s always the small chance something could cause you to slip or put a foot wrong. But if your plan is always to be 5 feet away from the edge of the cliff, the odds are that you’ll not go over the edge even if you fall down. Many people feel this is over cautious. But let my portfolio speak for itself. I’ve beaten the S&P 500 index fund every year except one since 2008. My brokerage only keeps digital records back to Dec 2015, but the S&P 500 returned 101% since then – with dividends reinvested. My own portfolio has returned 256%. So caution is still very high reward. In fact, if you just don’t lose, you’ll do better than the vast majority of professional money managers (about 85% of whom cannot even match the index funds). Due diligence still has to occur Now, we can’t just go straight out and buy Abbvie – though it’s a high profile company that receives lots of investor and regulator scrutiny so it’s less likely to have a landmine than most. Just to make sure, you’ll want to do the following before buying shares in this company: -Check the debt load. If the debt is very high, has very high interest rates, or has a lot of it maturing very soon, then this is a yellow flag. It doesn’t mean don’t buy, but make sure you understand the structure of the company’s debt and make sure it won’t impair the company’s earnings going forward. This information is found on the balance sheet. Abbvie has $97.287 billion in long-term liabilities such as debt, pension liability, and deferred taxes. That’s a lot compared to their assets, but they also are owed some money, so it nets out about $90 billion. -What’s the book value? Book value is fairly low at $8.65/share. This is pretty much the assets minus the liabilities. Abbvie is in a knowledge industry, however, so you shouldn’t expect their main assets to be physical capital that can be sold. It’s mostly organizational or human capital from their workforce, so this isn’t worrying. If Abbvie was, say, a retailer with stores and land and inventory, you’d want this to be much, much higher for the share price. There’s no easy way to judge this one, unfortunately, but it’s good to look it up and you’ll eventually get a feel for it. No red flags here. -What are the catastrophic risks that even you or I could think of? For a company in the pharmaceutical space, the obvious answer is regulatory and political risk. Regulatory risk is just want it sounds like – more regulation which can be either costly to comply with or lower profits. This does have an upside, which is that it makes it harder for new competitors to enter a market, so I tend to be rather sanguine about regulatory risk. Political risk is much more severe. This is when politicians decide to either confiscate a company, target it specifically rather than the industry it’s in, or other ways in which the government is involved with taking rather than regulating. In Anglo countries (US/UK/Canada/Australia), the rule of law is typically strong enough that this doesn’t happen much, as there is usually some kind of due process. Places like China, Argentina, Russia, and the EU are much more likely to nationalize or otherwise capriciously penalize a company due to the prevailing political winds. Abbvie has a global footprint, but that also means it’s diversified against such risk. It’s headquartered in the US, so it’s unlikely someone will simply take the entire company. -Payout ratio? Abbvie has a fairly high payout ratio (80% for the last completed fiscal year of 2019), as they have been aggressively growing the dividend. That’s another good reason to input a much lower G than the last few years. That being said, Abbvie has been around for 8 years (it was spun off of Abbott Labs) and has grown its dividend for the last 7 years and has announced it will this coming year as well. The payout ratio is pretty high, but not worrisome. It suggests a fairly mature company that’s now returning cash to shareholders. I’d say this is not nothing, but less than a yellow flag for me. Any company with 95%+ payout ratio is much more vulnerable to a dividend cut. -Credit rating? S&P gives Abbvie a BBB+ grade for its unsecured debt. This is a slight downgrade because their balance sheet is currently digesting a big acquisition from early 2020 (Allergan). Moody’s gives it a Baa2 rating for unsecured debt. These are both good, solid, investment-grade credit ratings (if you were buying the bonds of Abbvie). This looks great. -Does it need a genius? Some companies run on all cylinders because they have a genius at the helm – often a founder. But what you want is a company any dummy can run, because sooner or later any dummy will. Don’t plan to invest long-term in companies that require skilled management. Abbvie is fairly diversified and has an OK pipeline of research. They also can buy little biotech companies that invent something but can’t navigate the regulations to bring it to market. So pondering giants are actually a good thing. Means they’re hard to break. So, given that there was nothing obviously treacherous in our basic due diligence, and the extreme discount at which our example is selling for, this would be one you might want to buy! This is what I do for all the companies I invest in. Notice that there is no story, no excitement, no narrative, no counting on good or bad management. Emotion has no place in investing. You also will notice that we took every opportunity to reduce the risk of losing your capital by always sandbagging the estimated value of the company. You never want to pick up nickels in front of a steamroller. You want the investment to be so obvious it hits you in the face like a baseball bat. If you’re ever on the fence, don’t do it. You don’t have to hit home runs – just don’t strike out. You can be even more conservative in your estimates than I am. If, for instance, you used 5% growth rate for Abbvie’s dividend, you’d still get a present value of $148.57/share vs the current market price of $103.43. Similarly, you could use a higher interest rate, which would also lower the estimated present value. You may have to do this calculation with more companies to find one to buy, but even in a very expensive market like today’s, there is always an opportunity. You don’t even have to look at little companies. There’s around 500 companies in the S&P – just start with “A” and work your way through all of them. A quick note about further reading: I very strongly urge most people to actually read as little as possible on this subject once they get the basics. That’s not because there’s not more to learn, but because I would sadly say the majority of what I see and hear is actively bad advice. But if you do want to keep up with financial news and books and chat boards, the best thing to do is find out what the historical returns of the person giving advice are. Since WWII, the long-run return on the S&P 500 has generally been just a bit shy of 10% per year. If someone can’t beat that, year-in-and-year-out, then their advice is worthless. As in, you don’t want to accidentally absorb it. This is, unfortunately, true for most professionals. Over the last 15 years, 92.2% of actively managed funds have underperformed a simple S&P 500 index fund (and they charge you fees for the privilege). Beware anyone selling something. The advice here is given freely That’s why I made a point of mentioning that I have and regularly outperform the standard fund almost every year. Granted, I don’t have many of the regulatory restrictions a public fund would have, but it shows how useful the advice I’m giving here is. You don’t need anything fancy. You don’t need anything high risk. I’ve done this through two deep recessions and the longest bull market in history. If you want to learn more about investing in general and where I learned how to do this, you can read Benjamin Graham’s The Intelligent Investor. It was written in the 1930s, so much of the technical information is out of date. Skip over that and just read it for the concepts. Even easier reading is to go online to Berkshire Hathaway’s website and pull Warren Buffett and Charlie Munger’s annual letter to shareholders. Almost all of them have something useful in them and don’t make you do equations. I am available for questions in the comments
Recently began revenue generation. Exports to multiple markets, including EU market where regulatory environment is more stable (i.e. long-term cash flow benefit, imo). Diverse set of revenue streams including proprietary genetics, cannabis derivatives, cosmetics, CO2 oil extraction. Continued to expand facilities and raise capital despite COVID.
Just closed $1M capital raise, bringing in Facundo Garreton, well-known venture capitalist.
Holds licenses for both THC and CBD products. Operations in both Colombia and Argentina.
Strong leadership team with South American regulatory/political contacts, pharma sales, and startup experience. However, some senior management churn indicative of activist investing.
Operations: Multiple developing revenue streams across cannabis industry, including: CO2 oil extraction services and sales, genetic research and licensing of both low- and high-THC varietals, cloning and sales to growers, and cosmetics production. 2019: Basically a dedicated production-scaling year. Engaged in the expansion of cultivation area, development of contract grower relationships, and establishing CO2 oil extraction line w/ capacity of 75000kg/year dried flower at EU-GMP standards. Secured a distribution agreement with EU pharmacies. 2020: was marked by the establishment of product lines (oil, cosmetics) and the initial generation of revenue from selling cloned cuttings of proprietary genetic strands to growers and some initial cosmetics. Additional capacity expansion from the purchase of BBV labs in Argentina, a joint venture with Argentinian state cannabis company, Cannava. 2019-2020 marked harvesting of first commercial crop. 2021: 1H 2021 forecast to begin sales of CBD-only and CBD/THC extractives, final approval of proprietary THC genetics, sales of tolling services for oil extraction, and ramp-up of cosmetics sales. Cultivation Costs/Yield: Long-term cultivation costs at $0.13 CAD/gram compared to $1+ for ACB/Aphria and $3.50+ for TLRY. Outdoor cultivation - which is where BBRRF is focused long-term - is $0.06 CAD/gram. Why is this possible? Climate advantages, Outdoor cultivation and contract growing. South American producers have a tremendous long-term advantage over indoor growers in the US and Canada, due to extremely low labor costs (pre-existing sharecropper models in other agricultural goods drive prices down), and a warmer, drier climate than their North American counterparts. Plus outdoor growing has lower capital investment requirements per gram produced. Broader macro political note: Colombia is trying to integrate previous FARC members into mainstream society. IMO, this means exportable cash crops are likely to be pushed by the government. Cannabis cultivation stands to gain substantially in that environment. The reason isn't the prettiest - lots of farmers that depended on or were forced into the FARC-sponsored drug trade will be looking for new crops - but it is a durable reason to think the political environment will favor cannabis to reduce US drug war pressure, and integrate former FARC members and dependents into the Colombian economy. Financials:
Recent capital raise of $1 million from Garreton when brought in on Board/Interim CEO provided significant bump to cash runway.
Just began revenue generation in Q3 2020 - sales of cloned cultivars to associate growers @ 40% gross margin + some introductory cosmetic sales. Still small but compares with 30% gross margin in the legal cannabis industry. Bulk oil sales expected 1st half 2021.
Substantial loss/cash burn reduction over 2020. Quarterly loss of $1.1mln Q3 2020 vs. $2.5mln Q3 2019. Picture is similar for 9-month period (loss of 3.7 mln 2020 vs. 9.2 mln 2019). Prior losses attributable to capacity expansion initiatives.
Debt/Equity Ratio: 0.44 ($2.35 million liabilities, $5.30 million equity).
CEO and Board President: Facundo Garreton - "Mr. Garreton is a successful entrepreneur in the fields of innovation, technology and life sciences, and a former member of Congress in Argentina. His successful track record as an entrepreneur includes founding InvertirOnline.com, one of Latin America’s largest online brokerage firms, as well as founding and serving as director of SociaLab and Sistema B, the most important platform for social entrepreneurs in Latin America. Mr. Garreton also has strategic involvement with other cannabis companies including YVY Life Sciences in Uruguay and Flow Kana in California. Mr. Garreton is a director of various successful companies such as: YVY Life Sciences, Pachama.com, VU Security, Untech.bio, Bulltick, GoodPeople, Inipop.com and others. Also, he is an investor in companies such as ClaraFoods, TheNotCompany, Blue Planet Ecosystems, Memphis Meat, Cambridge Crops, Electro-Active Technologies (EAT), Unbox Robotics, Prellisbio.com and MycoWorks."
CFO: Ian Atacan - " Mr. Atacan is a finance leader with more than 25 years of experience in business strategy development, valuations of M&A, debt and equity financing, divestitures and investment transactions, financial modeling, project management, competitive analysis and developing strategic investment recommendations. He has worked with renowned international companies such as Sprint, DHL Worldwide Express, and Procter & Gamble. Most recently, Mr. Atacan was the Chief Financial Officer of Natura Naturals Holdings Inc., a Canadian cannabis company licensed for cultivation, production and bulk sales under the Cannabis Act of Canada, until its acquisition by Tilray Inc. (NASDAQ: TLRY) for $82 million. As Chief Financial Officer of Blueberries, Mr. Atacan brings entrepreneurial and financial acumen cultivated through business start-ups, recapitalizations, and expansion projects to drive national and international business growth."
CMO - Eduardo Molinari: Formerly with Abbott Labs and AbbVie (Abbott's pharma spinoff) in roles of steadily increasing responsibility. Indicates lots of experience marketing pharmaceutical products and contacts across the industry.
Experienced technical team including VP of Operations with experience at GlaxoSmithKline/Abbott (Carlos Maldonado); Medical Director with experience at Merck (Dr. Andres Vidal); and R&D Director with experience at PharmaCielo (Cristina Tora).
Note: One possible trouble spot - company has had a number of prior CEOs, including Patricio Stocker (formerly @ PharmaCielo), and then Camilo Villalba (resigned family issues) and Christian Toro (interim, was COO). I get the impression there has been some activist investor activity due to 2019 cash burn rate being excessive, but this is just a guess as there haven't been any clear corporate statements of why Stocker or Villalba left. I suspect Stocker was pushed out after building some initial contacts with export markets. However, the CFO and CMO are both quite experienced and bringing in Garreton is a major plus. Also the R&D Director from PharmaCielo is still there, as are both longer-term ex-Abbott senior people, so this may have been mostly amicable activist investing. There were also some board resignations/replacements when Garreton became CEO, one of which was Andres Vidal, still employed as medical director, so I suspect some of these moves were transparency/governance-based as the company scales up. Note 2: Former Board Member: Fabio Valencia Cossio - former Minister of the Interior under Uribe. Resigned from board when Garreton was named CEO, along with a few others. But to my knowledge he hasn't disposed of his shares. Coupled with Garreton, and BBRRF's partnership with a state-owned Argentinian cannabis company, I see this as a sign of broader political support for the company. Sources:
Analyst Research (FRC, need an account to view full reports, but free)
Disclaimer: I am not a financial advisor. All investment decisions taken at your own risk. Position: Currently long 38,000 shares @ $0.105. Previously was long 70,000 shares @ $0.04. (Did some profit taking @$0.115 in my IRA in case of a re-trace, rebought).
Dear Reddit. I have started writing a book of short stories about my life as a hobo. True to my nature of blowing money faster than it came, or blowing the opportunity of even making it, I love you assholes and will let you read the book for free as I write it from the beginning. Enjoy
Chapter One: Bozeman or Bust (lots of bust) I had done it once again, like so many other years before, by traveling north to one of the harshest and coldest states that a hobo could possibly go to during the dead of winter, late-January 2021: Mon-fucking-tana. Or as the locals jokingly say, "Montucky". (edit: Shout-out to Montucky Cold Snacks, the cheap horse-piss watered down beer that is Montana's equivalent of Washington's "Rainier Ale" or Oregon's "Session Lager"). I digress. If I was a goose, I'd surely be the Jonathan Livingston Seagull of the flock…the black sheep shitshow of a goose flying in the completely wrong direction at the worst time of the year. As forementioned, this was not the first time, nor second time, that I've done this. In fact, it's become a habit, if not straight-up routine. Laramie, Wyoming circa November 2016. Glendive, Montana circa January 2015 Minot, North Dakota circa January 2014. Yukon, Canada circa November 2013. Bellingham, Washington circa January 2006. The list goes on, and on, and on… And here I am. Bozeman Fucking Montana, circa January-February 2021. The locals say it's an unusually warm winter, which by Montana's standards might include 5 inches of snow in the afternoon and temperatures dropping below 10F degrees at night. However, according to the high standards of a low-class hobo born and raised on the Gulf Coast of Alabama, this weather is colder than a witches tit. Now, that's not to say that I ain't prepared though. I assure you that I am. Sixteen years of living on the road and rails has made this black goose a well-seasoned bird, with all the trimmings. I have a military sleeping bag that can keep me alive down to negative 30 temperatures. My military backpack is waterproof, and so are the snowboarding pants that I wear under my insulated Carharrt overalls. I have alpaca wool thermal pants, merino wool socks, thermolite waterproof boots, thinsulated gloves, and several wool and polyster beanie hats. My dual-layer mountaineering tent can withstand hurricane-force winds and all the snow that a blizzard can muster. Winter? Montana? Bring it bitch. Hit me with your best shot. You know I like it. wink Sigh. However, DESPITE the freezing temperatures and shit tons of snow, there's a lil secret that I've learned during my many years of traveling, and that secret is certainly DUE to these wintery conditions: Jobs! Lots and lots and lots and lots of jobs! Jobs here, jobs there, jobs every-fucking-where. Hotel jobs, restaurant jobs, retail jobs, construction jobs, maintenance jobs, driving jobs, even jobs just to help other people get more damn jobs! You want a job during winter? Well they got jobs out northern Californie way, Oregonie way, Montanie way, Washingtonie way, North and South Dakotie way, and every which way can go above above the Mason-Dixon line! If you can't find a damn job in the Northwestern United States of America during winter, you ain't fucking looking, and that's a fact. If you got one arm and you can swing a hammer, or punch a number on a cash register, then consider yourself hired on the spot and you can start today. Before this chapter turns into an entire damn book of its own (A Hobo's Guide to Finding Jobs) let's get back to the story here: Bozeman or Bust. As I begin this chapter, I have a red-wine hangover that is enough to drive me to a bullet in the head. I made a pot of coffee only to puke it back up on my hands and knees in front the porcelain thrown. I think it was good ole Earnest Hemingway that once said "Write Drunk, Edit Sober". Experienced words of wisdom from a fine man that knew everything a man could possibly know about drinking shit tons of wine and writing shit tons of stories. I wouldn't be lying if I was to confess that Mr. Hemingway, along with Mr. Steinbeck and Mr. Twain, are drunken heroes of mine that I could only hope someday to sit alongside in the bookstores of Hell and Hades with a gallon of cheap Merlot. Salut, gentleman. After puking, rolling cigarettes, drinking coffee, and puking several times more, I was finally able to sit down to try and remember what-the-fuck happened yesterday; a solemn meditation technique that involves tons of coffee and contemplation; a time to worship the asinine achievements that are accompanied in both rejoice and regret. Yesterday started off sober as a saint. I had a job interview at this place I had found on craigslist, some place looking for fresh warm bodies to fill up their production-assembly line. I took a bus to the address they had given me, which ended up being the adress to the Bozeman City Bank. "A bank?", I thought, as I wondered around the parking lot dumbfounded and confused for a solid 5 minutes, checking the address several times on my phone, wondering why on earth I've been sent to a state bank. After circling the parking lot, I noticed a door on the side of the bank that said "Job Choices Employment Services: Second Floor". Godammit. I had been fucking conned. Fucking craigslist. I know what's going on here…this a goddamn employment agency that wants to take 10-15 percent of my paycheck, take away my rights to healthcare and benefits, in the so-called promise of finding me a "great career path of opportunity". Employment agencies. Just like rats. The only "opportunity" here was them: Creatures of opportunity, parasites hellbent on scavaging peoples money and benefits. "A not-even-close-to-great career path of 9-5 slave-labor bullshit involving years of suckling away your mind, body, and spirit", the sign on the door should have read. This was definitely a mistake. And anyone that has ever had the unfortunate pleasure of being with me can you tell one thing about me: I fucking love mistakes. I love making them, and I love learning from them. I am a walking-talking connoisseur of mistakes. In fact, I just made a mistake trying to spell connoisseur, so I asked Google "Hey Google, spell connoisseur", and due to lack of interpreting my Alabama accent, Google made the mistake of showing me the word Coitus. I have now learned that the word "coitus" is another word for sex. As a writer and the son of an English teacher, I love learning new words. As a human male, I love sex. So learning a new word for "sex" is a fantastic trade-off for that fortunate mistake! I digress. I decided to walk into the bank, up the stairs to the second floor, and down the hall to the employment agency. A well-dressed and very sexy debutant by the name of Tracy stood up and greeted me with a smile that was formal, professional, and admittedly very sexy. While my dirty mind started playing cheap porn music, along with vivid images of me and Tracy wrecking that office like wild alleycats, I was suddenly snapped back into reality with Tracy's sexy voice, saying: "Hey, you must be Mr. Huck! Are you here for the 3:00 o'clock interview? Could you please start by filling out this application? You can have a seat over at the desk here"… Godammit. This employment agency was GOOD. I was Tracy's submissive little slut. I walked right where Tracy told me to walk, sat right in the chair Tracy pulled out for me to sit in, and I started filling out the application with the ballpoint pen that Tracy had somehow put in my hand without me even realizing it. Tracy could have stolen my wallet and the 11 dollars inside of it as well, had she wanted to, and I wouldn't have even noticed. And even if I had noticed, I would have let her do it anyway. Godammit! As I started to fill out the application, I got to the section I dreaded most: job references. Oh boy…allow me to tell you a little about Huck's references, or lacktherof: At my last job, I was fired because of a fight that broke-out between my ex-girlfriend and myself, which began with lots of shouting and shoving, and ended with me getting a black-eye from being punched in the face twice. Fun fact: Italian women are fiery as they are fierce, and bold as they are beautiful. And just like their male Italian counterparts, such as Sylvester Stalone or Al Capone, they know how to land a solid right jab. This fight erupted in the worker's dormitory for all employees to hear and see. And although I was the one with the swollen black eye, I was the one they decided to fire. C'est la vie, such is life. Que sera sera, it be what it fucking be. We can scratch that job off as a reference, without a doubt. The job before that, I was at a marijuana farm called "Great American Cannabis", in which my managers and co-workers tried to recruit me into a far-right group of sexist and racist baboons called "The Proud Boys". There was a pre-determining factor in why that farm had hired me, and assumed I would be interested in their idealogical gang. That pre-determing factor was the very same factor that led Google to teaching me the wrong word and definition: my Alabama accent. Great American Cannabis had hired me based on a phone interview, in which they assumed my southern accent indicated two things, in which case one of their assumptions was right, and one was wrong: Assumption Numero Uno: Huck has an Alabama accent, which therefore indicates that he has years of experience working on farms, growing plants, and being an honest and hard-worker. Assumption Numero Dos: Huck has an Alabama accent, therefore he must be idealogically aligned with far-right beliefs including sexism and racism. Welp, I am proud to say that even that although a 50% winning percentage may be fine and dandy with gambling in Vegas, and can be seen as half full or half empty based on however optimisitic or pessimistic you might be, in the case of Great American Cannabis and The Proud Boys, those odds ended pretty badly. As it turns out, despite being raised by a racist father and surrounded by bigotry in the not-so-sweet home of Alabama, those very dispositions made this black sheep child rebel from such ass-backward beliefs, and I am staunchly pro-civil rights, which means I am pro-immigration, and a proud supporter of the sufferage movement for womens right. Obviously, that did not go very well with my co-workers at the farm, and I was fired within the first month. But wait, theres more tragic humor to the story of this farm, which I'll organize in two keypoints: Keypoint Numero Uno: The farm was owned by Iranian immigrants. I…shit…you…not. That's right. YOU DID READ THAT CORRECTLY. Not only was the farm owned and managed by a minority group of immigrants, those very immigrants came directly from the very country is at the VERY TOP of White-America's shitlist: Iran. Keypoint Numeros Dos: After I was fired based almost entirely according to my leftist and progressive views on race and gender equality, within just a couple of weeks nearly everybody on the farm was fired and replaced by cheaper immigrant labor in the form of Laotian women. That's right…a white-blooded American-born legal-working male, was replaced by brown-blooded, foreign-born, mostly-illegal-working females, on a farm owned and managed by right-wing racists and sexists that were anti-immigration. Once again, I…shit…you…fucking…not...let THAT shit sink in. I literally cannot make this shit up, and let it be forever proof that reality, however tragic or ironic it may be, is far greater than fiction. You can write that last sentence in a letter, shove that puppy in an envelope, slap that bitch with a stamp, and mail it to the fucking MOON. Or you can mail it to Iran, or Laos, whichever you prefer. However, I digress. So, being that I was fired from Great American Cannabis by a bunch of Iranian Proud Boys, you can scratch that job off of the "reference" list as well. Sigh. So, how about the job before that? Well, that's a hell of a story too, but I'll make it quick and cut shorter to the chase: I worked on a fishing boat for a Mormon captain. Although I loved him like a Dad, and he often treated me like a son, my job ended in these words: "Huck, I really like you. You're one of the hardest working deckhands I've ever had, despite it being a very terrible year for fishing. However, as a man that is a Latter Day Saint of God, as a Mormon, I'm going to have to ask you to leave because of three reasons: 1) You smoke cigarettes, marijuana, and drink alcohol and coffee. 2) You curse worse than a sailor. 3) You are an atheist/agnostic." And in case you, the reader did not know: Mormons HATE cigarettes, marijuana, alcohol, AND coffee. They are forbidden to curse, and they are not even allowed to tolerate the company of anyone that isn't a believer in God. Well Godammit. How in the hell am I so goddamn misfortunate and unlucky, to be the must FIRST FUCKING PERSON in the entire HISTORY OF FISHING, that has gotten fired for using curse words and drinking whiskey. I couldn't even absorb the fact that my boss was firing me because I couldn't get over the fact that I was possibly the first sailor or fisherman in all of ocean-faring humanity that had gotten fired for doing what sailors and fisherman are guaranteed and known to do best: drinkin' and cursin' We can also scratch THAT job off the possible reference list as well. It was at this point in the office of Job Choices Bozeman that the porn music had long since stopped playing in my head, and that I suddenly and swiftly fell deeply into a full blown existential crisis right there in Tracy's office while simply trying to think of a single reference from my last 3 jobs. The unbelievable amount of misfortune, tragedy, irony, and utter insanity of my last 3 job experiences had truly started to sink in, and I was beginning to legitimately lose my temporary grasp on sanity along with my faith in humanity altogether in one great, big, sloppy sandwich of existential fucking crisis. Allow me to self-diagnose this existential crisis sandwich by peeling off some of the layers of this enormous stinking onion that is in the middle of it all: Either that curse that was put on me a few years ago by a Mexican trainhopping gypsy from New Orleans is proof that curses are indeed fucking real, or either I am the unluckiest son of a bitch on this entire planet that is so very unlucky that I am slowly (or quickly) coming to the conclusion that this entire life is a simulation that is programmed by some sick comedic asshole that specializes in the tragedies of both irony AND misfortune. And though some people in this world call that programmer God or Allah or Jehovah, I call him Jeff. I call him "Jeff in Programming", with same amount of disdain and hatred that Michael Scott refers to "Toby in Human Resources" in the American version of the show "The Office". (Sidenote: If you do not understand my last reference because you have not watched The Office, then you need to stop reading this book right now, go sign up for one month of Netflix, and spend that entire month binge-watching one of the greatest sitcoms ever made in the history of television: The Office (US Version). Go. Now!) I digress. As I collapsed into a full-blown existential crisis while thinking of job references on the second floor employment services office above Montana State Bank, my fantasy-based relationship with Tracy was also about to crumble into an existential crisis as well, based on two very important qualities: Quality Numero Uno: Tracy and I had no relationship that actually existed outside of my head and a stupid job application form. We had never knocked over all of the filing cabinets, water-cooler, or broken the copying machine with tantric sex. That scenario never existed period. Quality Numeros Dos: I was about to not only lie, but also commit non-existent adultery to Tracy, thus putting a very real end to a not-very-real relationship. I stood up from the desk that me and Tracy had never fucked on, and I told Tracy that I had to use the bathroom. And though I did really have to use the bathroom, it wasn't for the purpose of pissing or taking a shit, it was for the purpose of throwing the application in the toilet and sneaking my way down the hallway and out of the employment agency. In which case, that is precisely what I did. Upon stepping out of the door and back into the parking lot of Bozeman City Bank, I noticed another hot little woman across the street: A dazzling red-headed freckle-faced damsel by the name of Wendy, who promised in her fertile bosom the birth of two-dollar cheeseburgers and loaded baked potatoes. I went inside Wendy's house, and began to have an oral relationship by penetrating my mouth with nearly everything that was offered on Wendy's dollar-value menu. Stop here, acquire coffee, booze, and cigarettes until I feel like writing again, which may be later tonight, tomorrow morning, or possibly fucking never
I've noticed a lot of new people in here asking some obvious questions to those of us who have been around for a while. So to generate new and better discussion I want to answer some of these frequently asked questions.
1. Where can I find information about these companies I hope you haven't bought any of these names before you did research and before you even know where to start looking. First place you should go to is Google and type in " investor relations". If this is too much you can shorten it to " IR". It should be the first link in every case and if it's not then that's already a red flag. Read about the companies products, how they operate. Read their MD&A, read their financial statements from the last few years. Maybe look at product reviews or review the products yourselves. Watch interviews with the CEO. Find out what makes this company unique, operationally effective and worth buying for consumers. You should quickly figure out that APHA is NOT a cannabis company, but a consumer packaged good company. They own Cannabis, Alcohol, and Pharma businesses (plus hemp after the TLRY merger). Doing your DD should take time. Don't be in a rush to buy the stock because it's run up 100% in the past few weeks. If you look at the chart, 2 years ago these companies rocketed upwards to ATHs, you could have waited another year or so and bought lower. Are we taking off to the moon and never coming back? Probably not.
2. Where can I buy these companies? Are they on Robinhood? First, ditch Robinhood a get a broker that won't go under in the next few years. Pay a trading fee if you need to but just buy enough stock to make the tade worth it. Don't buy $20 of Apha on investorline or you're immediately taking a 50% haircut with a $9.95 trading fee. Second, you can buy these companies on most/all legit trading platforms. I won't name them all but all of the big Canadian banks self-directed platforms have them. I'm not American so I can't speak for them but I've heard good things about Fidelity and Vanguard. Oh, did you also mean what exchanges can I buy them on? Big Canadian names are on the major exchanges like TSX and Nasdaq. Smaller names are on the CSE and OTC markets. US names can't list on the big exchanges because your government decided cannabis was bad like 50 yrs ago so those are only on the OTC and CSE markets. MSOs is a fund on the NYSE (I think) that hold some sort of swaps on the US names but I personally just buy the names myself. Again, do you own DD, even if you're buying a fund.
3. This stock went up x% in the last y time, should I buy it or wait for a dip? This ties into point 1 above, so if you've done your DD you should know if the company is worth what it is priced at. The market does wacky shit all the time (see Gamestop, morgage crisis, great depression) so it'll go up and down, but generally follow along the trajectory of the company profits. If the profits increase by 5x in 10 years, the stock price will do the same. If you're asking for predictions in the short term consult a fortune teller, roll dice or find one of those pets that pick stocks.
4. What stocks should I buy? How do you feel about x company? See 1, then 3. I can't tell you what companies are good in the space better than your own research. Especially since you don't know what my plans are. Maybe a poster says buy "Apha" but they're only holding until the TLRY merger closes. They'll never tell you when they're selling so if it drops you'll be scratching your head. Do a bunch of research on the main players, then some smaller guys and figure out what you can stomach. Maybe a cannabis ETF is right for you or maybe 1 or 2 strong picks or maybe you like gambling with penny stocks. Just do your own DD. Popular names and good places to start are:
Canadian names: APHA/TLRY, CGC/WEED, ACB, CRON
US names: CURA, TRUL, CL, GTII
5. Should I buy leaps or warrents or calls or puts? Also what are derivatives? If you have to ask, no. I'm also not going to explain because I don't know either.
6. I bought Gamestop at all time highs and I sold and lost 90%, is cannabis good? No, kindly take your paper hands and go back to WSB. We don't want investors in this space who sell at the first 10% drop after an 100% run, or after a 50% drop from ATHs, or after a short report from some short selling parasites. We hold because this is a once in a lifetime opportunity of a product moving from the illicit market to the legal market. There is no need to build up demand, merely move the consumer from buying from their dealer to our dealer. This will take time, regulatory changes, perception changes and most importantly, your patience.
7. Any small companies you can reccomend? Being a small company in this space comes with distinct disadvantages. Price compression in Canada will kill small/medium sized growers since they can't achieve postive margins without scale. Add in some mould on even 1 harvest and the losses have destroyed your business. On the US side, regulations are weird and vary across different states. Califonia is a dumpster fire, Florida requires you to be vertically integrated, and other states have limited licences for retail and grows. Think about how hard it would be to get a foothold in Florida as a small business. Think about how valuable a licence is in limited licence states. Maybe your small player is looking for licences and gets NONE. That's devastating. Curaleaf misses 1 licence? Not great, but they have other applications in multiple states. If you're buying a small company or penny stock, know the risks and do extra DD. THERE HAVE BEEN COMPANIES THAT ARE FRAUDULENT IN THIS INDUSTRY. COMPANIES HAVE GONE BANKRUPT IN THIS INDUSTRY. Canntrust was legit but had fake walls with more plants behind them. Ignite was run by Dan Bilzerian. YOUR PICKS ARE NOT IMMUNE FROM GOING BANKRUPT. Let me repeat the most important point: THERE HAVE BEEN COMPANIES THAT ARE FRAUDULENT IN THIS SPACE.
8. I wanna buy because of US legalization! When will Cannabis be legalized in the US? Asking for a specific date is dumb and assuming that it's going to pass is dumber. Yes, Democrats control all 3 branches of government and yes, they are more cannabis friendly than Republicans and yes, some Republican states also recently legalized cannabis. THIS DOES NOT MEAN LEGALIZATION WILL PASS THIS YEAR, OR EVEN UNDER THIS CONGRESS OR PRESIDENT. Some Republicans in the house voted for cannabis regulation under Trump and some Democrats voted against it. We have no idea how the senate will vote and it doesn't take many votes to torpedo any legislation. If you know the US Cannabis space right now you'll know that descheduling and getting access to lower tax rates, access to capital and ability to cross state lines are some of the most important regulatory changes that need to happen. Look up the 208e280e tax code. Seriously do it. Full legalization is nice but also unlikely.
If I've missed any questions post them below. and I'll add them.
TL:DR: Do your own DD. Start here:
Canadian names: APHA/TLRY, CGC/WEED, ACB, CRON
US names: CURA, TRUL, CL, GTII
EDIT: Adding in some resources for those who want more. These are my own resources I use/used to get started. If you have resources to share please do so but don't self promote you ding dongs.
Resources New to Investing:
Most people think Warren Buffet is the GOAT but Peter Lynch is also a GOAT in his own right and a better speaker.
People also think you need to read through all of "The Intelligent Investor" before you can start investing but that's bs. Read "One up on Wallstreet" by Peter Lynch. It's like 300 pages shorter and more fun. Then read Intelligent Investor if you want but if you get 20 pages in and fall asleep or feel stupid then I told you so.
Martin Shkreli is an asshat but he knows the finance side of valuing companies. His finance lessons are awesome if you stand him for a few hours at a time. Follow along with your own companies.
Cannabis Resources:
The sidebar has great resources. Stateside cannabis investors(EDIT: Currently down) is awesome for the US side.
The OCS releases a quarterly report you should read for Canada. Hell, go to OCS.ca and see what products are available and prices. Go to the BC page, the quebec page etc...
Statscan has a cannabis hub. It's updated super rarely and it might be archived but it's good to look at to start.
Video: Canada’s cannabis companies are gambling the world will want our weed CannTrust’s massive cannabis grow operation near Niagara Falls, Ont., is just one of many new facilities across the country.
Hey guys, it’s Coooolin!!! It’s a BRAND NEW MONTH! How was everyone’s first month into 2021!? Is everyone ready for this month!? Anyone have any big plans or goals this month!? Let me know, doown beloow!! Hope everyone’s having a great first day to kick off FEBRUARY!! Here’s the new cards for today, Thanks EA!
NHL 94 Flashback Event Cards
Theoren Fleury - 91 OVR - CGY / RW - DIS1 , LTL2 Evgeny Kuznetsov - 89 OVR - WAS / C - SWA1 , LTL2 Larry Murphy - 89 OVR - PIT / RD - SWA1 , HOW2 Sean Monahan - 89 OVR - CGY / C - SWA1 , WH2 John Leclair - 88 OVR - MTL / LW - SPA1 , SPE2 Connor Hellebuyck - 87 OVR - WPJ / G - 6’4” / 207 lbs - DIS1 , BAR2 John Marino - 87 OVR - PEN / RD - BAL1 , WM2 Josh Anderson - 87 OVR - MTL / RW - SPA1 , MAG2 Al Iafariate - 87 OVR - WAS / LD - BAR1 , HOW2 Andrew Cassels - 86 OVR - WHA / C - H and S1 , T2 Jake Gardiner - 86 OVR - CAR / LD - SPA1 , SH2 Tie Domi - 85 OVR - WPJ / RW - BAL1 , GLA2 ——-
Primetimes
NHL
Connor McDavid - 94 OVR - EDM / C - BAR1 , HOW1 Victor Hedman - 93 OVR - TBL / LD - GLA1 , PP1 .... nasty TOTY UPDATE! Alex Ovechkin - 92 OVR - WAS / LW - LTL1 , WM1 Patrice Bergeron - 90 OVR - BOS / C - T1 , WH1 Alexander Barkov - 88 OVR - FLA / C - PP1 , MAG1 Vincent Trocheck - 85 OVR - CAR / C - GLA1 , WH1 Kasperi Kapanen - 84 OVR - PEN / RW - SPE1 , SH1 Jordan Kyrou - 81 OVR - STL / C - LTL1 , SH1 Eric Robinson - 80 OVR - CBJ / LW - BAL1 , GLA1 Aleksi Heponiemi - 78 OVR* - FLA / C - SPA1 , LTL1
Other Leagues
Anton Lundell - 84 OVR - IFK / C - HOW1 , PP1 Darren Brunner - 79 OVR - EHC / RW - BAR1 , HOW1 Michael Lundqvist - 79 OVR - FAR / RW - DIS1 , PP1 Mavrick Bourque - 78 OVR - CAT / C - H and S1 , BAR1 Markus Ljungh - 78 OVR - LIN / C - SWA1 , T1 Lasse Lappalainen - 78 OVR - KAL / LD - SPA1 , WH1 Vilmos Gallo - 78 OVR - KOV / LW - H and S1 Gustav Lindvall - 78 OVR - SHA / G - 6’0” / 174 lbs - DIS1 , BAR1 • • • • • • • • • • - - - - - - - - - • • • • • • • • • • • •
Packs Available
1D 23H • Elite Players Pack - 37.5k C / 750 P 10 items , all Gold Players, with at least 8 80+ OVR Players • Elite Pack - 25k C / 500 P 10 items, with at least 5 80+ OVR Players • Prime Pack - 10k C / 200 P 10 items , at least 5 Players with at least 3 Gold Players and 2 NHL Players
P.S.
• Brand New Month! • HUT CHAMPS Rewards Processing • New NHL 94 FLASHBACK Event Cards • Fantasy Hockey Players Upgrades — ? I thought , oops...
• Rivals Resets - Tomorrow at 5pm EST • SB Season Reset - Wednesday at 5pm EST • Rivals Rewards - Wednesday at 5pm EST • HUT Champ Rewards - Wednesday at 6am EST • SB Rewards !! - Thursday at 5pm EST • More Event Cards!! - Friday at 5pm EST —————
Summary of the day
Quick Read Best Forward of the Day - NHL94 - is THEEORENN FLEUURRY OVR 91 with the syn DISSTRIBUTORR and DOUBLE LIGHT UP THE LAMPSS Best Defence of the Day - NHL94 - is LAARRRYY MURPHYY OVR 89 with the syn SWAARRMM and DOUUUBLEE HOWITZERRR ////// Best Forward of the Day - PT - is CONNOORRR MCDAAVIDD OVR 94 with the syn BAARRRAAGEE and HOWITZERRR Best Defence of the Day - PT - is VICTORRR HEDMAANN OVR 93 with the syn GLAADDIATORR AND PASSINN PLAYMAKERR • UPGRADE FANTASY HOCKEY PLAYERS +1 OVR HIGHER • HUT Champs Processing - Where did you place? • NEW EVENT - NHL 94 FLASHBACK - CARDS OUT TODAY ! ———— —— ———
IMPORTANT NOTICE
New Month. New Mindset. New Beginning. New Focus. New Start. New Intentions. New Results. I hope you all had a great start to a brand new month! 2 months into 2021 already, WOW !! Did you murder your New Years Resolution in the first month of 2021? Its never too late to get it started again!! You can do whatever you put your mind to. I hope you all have a blessed, amazing, lucky, wonderful February! 28 days of blessings. Take care!
Interested in Stocks?
EA’s Stock Price, after hours - Feb 1 $ 145.87 (usd) —- Currency Converter we looked at the stock at $137.54 usd —— That is a difference of ( $8.33 / 6.06% ) — Disclaimer - I am not a financial advisor. It is your money, please do your own due diligence. I am not responsible for your money. This is *not** advice. I added this section for an added educational purposes only. Thanks* —— —— —— —-
NEED A SOUNDTRACK TO LISTEN TO?
I made this for everyone. I’ll update it whenever I feel like it, but its been often — like seriously almost every day!!
WE’RE ALMOST HITTING 1.4K SONGS! How are you not listening to this playlist already!? Comment songs to add, and please give feedback! It’s much appreciated!! I currently have “Sex on Fire” by “Kings of Leon” stuck in my head.... which you can play, recently added to the playlist! Sidenote - How do you guys like the playlist!? I have a friend who makes music...and I really want to surprise him with some new people listening to his music... if you wanna help me, please click Here!! it would mean a lot to me!! ———-
Sites To Bookmark!
If you click here you will be redirected to bilasport. Bilasport is the best Online Streaming site for your entertainment needs for all sports! (Not affiliated) A great streaming source recommended by NHLStreams is SurgeSport. Click on Hockey and you’ll be good to go! Want to make your dream team, and show others what you’ve been working on, and much more? I will redirect you HERE!. Here’s a helpful pack guide for you! Click! Want to know how the market is holding up? With a simple TAP! you will be on the newly fresh made website for the HUT market, made by one of the guys on the sub! .... what do the stats on a card mean? Is my card I want / pulled good? Click here to find out!! When is my favourite team playing? When do they play!? Here you can click on this link, and tap on your favourite team. From there, tap “Schedule” . You can add this to your homescreen on iPhone by clicking the square with the upwards arrow, scrolling down, and tapping “Add to Home Screen” ——- —— —— —— —— —— —— —— —- —— —-
Fighting a Gambling Addiction?
Don’t feel scared to click here. Winning is SO much louder than losing. Know that you are NEVER alone. We are all here for eachother, and it is never too late to get help. I am here for you. This is a VERY important thread, especially if you are new to HUT. Here! ——— ———
Story Time
Coming soon — Always tend to forget these at the last second! ——- 32 / 365 —— —— —— —- —- ——- —- —— —— Thanks for reading. I’m always welcome to feedback, please let me know what I can improve on. If there’s anything missing, please let me know! Take care, happy gaming! **TODAY IS NATIONAL FREEDOM DAY! • Coolin Killin It (Life is like a puzzle, you just have to find the right piece.)
Welcome to weedstocks. Before you read this post, please take a few seconds to read the rules in the sidebar. We've had an influx of new users recently and the mods have been working overtime trying to keep the usual quality you expect to find here. As such, we're being strict with the rules. If you post low-effort content (including pumping/bashing), if you go off-topic, or if you're disrespectful to another weedstocks member, you will hear from the mods. Finally, please know that we have tools that keep new users from posting. This is to combat bots and spam. New accounts will need to wait 30 days before creating a post or 7 days before being able to leave a comment within a post. We have also implemented a temporary karma requirement, so if you're a new account, please try to engage elsewhere on reddit to learn how to use reddit before posting here. 1. What stocks should I buy? If this is your first question, in my opinion, you're going about investing incorrectly. No one can tell you what stock to buy. It depends on a lot of factors that are personal to you. What is your risk level? How long are you holding? Why do you want to invest in cannabis companies? Every investor is different and has their own reasons for investing. Instead, you should be asking: What companies should I look into? You'll likely get many replies. Some replied might be good. Others might be terrible. You cannot trust random people on the internet to give you investing advice. You can listen to their opinion, but you need to do your own research (we call this research "Due Diligence" or DD for short). 2. How do I research a company? Start with Google. Type in the company name followed by "investor relations." This should bring you to the companies website specifically for investors like yourself. It should have financial information, information about the company, and maybe even a FAQ. I know not everyone likes reading, but if you want to make money, you need to read. If you're not reading, you're gambling. Read about the companies products, read their financial statements, read their MD&A. When you're done that, go on YouTube or check out our past AMA threads for interviews with the company and it's CEO (found in the sidebar). Google the company more. Search their name in weedstocks. What products do they sell? Are those products well reviewed? Etc. This will take time. You can't rush proper due diligence. If you're worried you'll miss out by spending so might time researching, then you're going to run into issues in the future. Buying based on hype is not a solid investment strategy. 3. How do I buy stocks? Most banks have some sort of trading platform. If you have a savings account, you might want to check to see if they offer the ability to buy/sell shares. Just like with stocks, you should do some research one which platform is best for you. Not all are created equal. Some offer free trading (you don't have to pay a fee to buy/sell stock), but in those cases, there are certain limitations and catches. Others will have a small fee for each stock you buy/sell, but will generally be more stable. 4. What are derivatives (options, forwards, swaps, futures)? If you have to ask this question, you should not be considering them. 5. What is an ETF? Are there cannabis ETFs? To put it simply, an ETF is a collection of stocks managed by someone else. You can buy an ETF exactly like buying a stock. This is a way to diversify your investment over multiple companies without having to buy all those companies yourself. This could means it's less risky, but it could also be more risky depending on the stocks within the ETF. Yes, there are cannabis ETFs. You should research them exactly like you would another company. 6. What is the TSX, NASDAQ, CSE, OTC, NYSE? These are what are known as "Stock Exchanges." They are the market places where stocks are bought and sold. Your trading platform should have access to most of these markets by default, but this is something to look at when deciding on the platform you use. US cannabis companies can't list themselves on US stock exchanges as cannabis isn't federally legal, so most of them are found on the TSX, OTC, or CSE instead. 7. Should I invest on margin? Should I take out a loan to invest? If you have to ask this question, you should not be considering it. This is a highly personal decision and depends entirely on your financial situation. Remember, there is not such thing as a sure thing. 8. When will Cannabis be legalized in the US? No one knows. There is no specific date and no guarantee it will actually happen. It's more likely, now that democrats control all 3 branches of the US government, but just because it's likely does not mean it's guaranteed. 9. When is the Tilray/Aphria merger and how will it affect me? Is their an arbitrage opportunity? We don't know the exact merger date, but it is likely to close in the second quarter of 2021. Under the terms of the deal, Aphria shareholders are expected to receive 0.8381 shares of Tilray stock for each share they own of Aphria. Tilray shareholders will simply keep their shares. As for an arbitrage opportunity, there are always risks with merger arbitrage. Right now, the biggest is that the merger might not go through. 10. A company is being shorted X%. I should invest, right? This is another one of those "If you have to ask, then the answer is no" questions. To put it simply, to "short" a stock means that you expect the share price to go down. If a company is being shorted, it's usually because other investors (who, if you're asking this question, likely know more than you) believe the company is not worth the current share price. If the short % is high, that means they REALLY think the company is not worth the current share price. Short positions usually indicate that a share price is too high. This could be because their management is bad, the company is losing money, their products have terrible reviews, or their product/service is becoming more irrelevant with new technology. If you've done your due diligence, you should be able to tell why a stock is being shorted. If you disagree, then you can buy long. Gamestop (GME) was a rare situation where investors shorted so much that other investors were able to take advantage in a unique way. This is not common and should not be attempted without first realizing the risk or understanding what you're doing. 11. Are all pot stocks the same? (courtesy of u/xtr_trek) Definitely not! There are Canadian companies (called Licensed Producers - LP's) operating in Canada's legal market. There are American companies (called multi-state operators - MSO's) operating on a state by state basis. There are ancillary companies, providing things like lights, nutrients, banking services. And there are sector ETF's that encompass various pieces of the above. Within each of those groups, there are also major differences between the companies themselves, with wildly varying revenues, valuations, footprints, and growth strategies. It's more important than ever to understand these differences before you invest! If you have any other questions, feel free to ask them below and I'll include them above. A special thanks to u/lookitsian who posted a FAQ previously for us. You can click here to view theirs. It has some additional information not included here.
@TraceSafeTech and Why We Love it - written by @mrdotto5 @stockfamgroup $TSF $UTOLF
TraceSafe Inc. (TSF in Canada, UTOLF in U.S. with OTCQB listing in near future) Industry: Real-Time Location Services (including Contact Tracing) Notable Management: Mr. Wayne Lloyd (C.E.O. of TraceSafe) Dr. Dennis Kwan (C.E.O of TraceSafe Technologies), Why We Love it: By the time I finished my DD, and I did quite a bit of it, TraceSafe was an auto-buy for me and a pleasure to write about. But before diving in, I had questions; plenty of them. I believe that investors should enter every opportunity with skepticism. It gives you a clearer head and reduces potentially dangerous levels of FOMO (fear of missing out). FOMO can drive valuations of stocks to scary levels and it rarely ends well, as retail buyers like you and me buy the hype on a company while bigger players exit their positions. Smaller growth-oriented companies can often have new, exciting technology that captures the imagination of the market, but smart investors, retail or otherwise, always look for one key milestone before buying in: validation. Without proof that a company is successfully penetrating their market, you’re buying the idea instead of the reality. When I first looked at Tracesafe in the autumn of 2020, I was impressed by the technology they were bringing to market with an experienced management team. But I didn’t invest my hard-earned money because I needed to see real partnerships with big-market companies. Cutting edge technology, for all its impressiveness, isn’t worth much to a company without the means to monetize it. If you’re buying the idea, you’re making a leap of faith, and that is a little too close to gambling for me. So much has happened since then that the leap of faith has become an open door to walk through. Validation is here. But before we get to all that, let’s set the foundation, because none of this would have been possible without the management team, which is one of the most impressive parts to the story. The C.E.O., Dr. Dennis Kwan, and The C.T.O. Suresh Singamsetty, have been developing technology companies in the wearables space for years. Dr. Kwan co-founding Martian Watches, the first ever voice-enabled smartwatch. He was also V.P. of a Bluetooth company that was acquired for $160 million and he personally owns more than ten patents in wireless/bluetooth technologies. Mr. Singamsetty, the software expert, was with Dr. Kwan at Martian Watches. He owns more than 20 patents himself. The third member of the team, Gord Zeilstra, is another massive successful industry veteran. His specialty is driving companies’ global sales footprint. His success in the building of Monster.com and S.A.P. into global brands is an exciting indicator of where TraceSafe is headed. So what about validation? Let’s begin with its partnership with Tritan Software. You probably haven’t heard of them, but I have no doubt you have heard of Carnival Cruises, Norwegian Cruise Lines, and Royal Caribbean. Tritan is the health and safety software provider for 95% of the entire global cruise line industry. I’ll put that in word form to give it the attention it deserves: NINETY FIVE PERCENT of the global cruise line industry. Tritan is responsible for collecting, storing and securing the privacy of health information for all passengers, in addition to quality and incident management and a host of other software solutions. The CDC (Centre for Disease Control and Prevention) will most certainly have compliance requirements for resumption of sailing operations and Tritan knows this, which is why they are acting now, and acting swiftly. (Countless other companies approached Tritan, but they chose the experience and superior security of TraceSafe). The partnership was only recently announced and it remains to be seen how entwined the two companies will become, but contact tracing is only the tip of the iceberg (sorry, not the best cruise line analogy). For a clearer picture of the entire iceberg, we can look to Walt Disney’s iconic theme parks. It is no secret that Disney theme parks have always placed a premium focus on customer experience, and one of the most effective ways they achieve this is through the “Magic Band”, which is essentially a wearable device that customers use to enter the park, unlock their hotel rooms, and buy food and merchandise. A one stop shop on your wrist. This is where the cruise industry is headed. With a wearable on your wrist, you can enjoy all the same conveniences as the Magic Band combined with a contact tracing and safety monitoring device, all in one device. So, that’s it? The cruise lines? Even if it were the only partnership in the pipeline, it may have been enough to turn TraceSafe into a major global player, but it is just one of many projects, both ongoing and in the future. But even greater validation was announced just today (making me do some quick edits to this story) TraceSafe, just today, announced a potentially game-changing purchase order. The agreement is to supply a global Tier 1 semiconductor manufacturer with 60,000 wearable units to be used across their enterprise. Professional services network Deloitte is managing the implementation of TraceSafe’s “next generation” of wearable products, which can be processed and paired within seconds, compared to about 3 minutes per device of other companies in the industry. To give you an idea of the magnitude of this agreement, Dr. Kwan is quoted “This is one of the largest deployments of its kind anywhere in the world and we are very proud to be working with technology innovators to deliver a product so important in enhancing the health and safety of their workforce.” I will forgive you if you stop reading now. The above agreement, combined with the cruise line partnership, is honestly enough for me and for many investors, but for those who stick around, the story actually gets considerably better. The total wearable market is projected to reach $60 billion, and a large part of this will focus on corporate safety. In this way, Tracesafe has a bit of an advantage, as the company has a presence in Southeast Asia. You will remember that long before we realized the impact of the pandemic, several Asian countries were already scrambling to deal with the first wave. Since that time, we have dealt with each wave several months behind Southeast Asian countries. This time lapse has given TraceSafe a window into near-future conditions in the Western world. The best example of this is in Singapore, where they are closer to emerging from lockdown than we are in North America. Singapore has become the proving ground for TraceSafe technology., and it has gone perfectly. TraceSafe is being worn on construction sites for Boustead, a massive Singaporean construction company. This partnership has not only led to improvements in safety and security at Boustead, but it has also won TraceSafe the Singaporean National Innovation Award. Closer to home, TraseSafe partnered with The World Junior Hockey Championships in Vancouver, Canada in December. The tournament was essentially a bubble-event that was completed safely using TraceSafe technology. T.T.G, the sponsorship firm that organized the event (and, incidentally, was instrumental in bringing The Winter Olympics to Vancouver in 2010) was impressed. So was Telus, the tournament sponsor. The future is very bright in venue tracing, with fans itching to return but needing a safe and proven way to do it. There remains one incredibly large catalyst for growth, and some may find it the most interesting of all, but before we get to that (cough, Airbeam, cough), let’s quickly dispel any lingering doubts you may have: Aren’t those wrist bands uncomfortable and a nuisance? This is another part of the reason Tritan and others have chosen TraceSafe. Recall that two of the management team are pioneers of the wearable space with over 30 patents between them. The TraceSafe product has a battery that long outlasts any other in the industry and it is also incredibly lightweight and unobtrusive. Added to this is the extended product line, with tags and credit-card style devices. Discounting everything else in the pipeline, is anybody seriously going to get back on a cruise ship after all that has happened? Will the return to cruise lines be slow? The high amount of bookings for the second half of 2021 says “no”, and so do experts in the field, who state that cruise line demand is higher than most other industry segments. Once people are vaccinated, the industry will return in a big way. Tritan understands this; hence the quick action. But what about privacy? Isn’t this just another way for companies or governments to spy on us? I honestly wondered about this because it seemed an obvious question, but the answer makes complete sense. If the TraceSafe software were downloaded onto your phone, perhaps there would be more skepticism on my part. We all value privacy and bristle when it is infringed upon. But these devices are only work-site specific, meaning that the wearables (and software embedded in them) are separate from your personal devices and they do not function once you leave the site. They only ensure health and safety through workplace tracking. Aren’t margins higher on software than hardware? Will this make enough profit? The answers to these questions vary, but they all begin with “yes”. Margins are indeed higher on software, and TraceSafe in fact is currently selling 50/50 between hardware and software (cloud computing), with a focus on moving to 20/80 in the coming months. The cloud-based real-time monitoring system does not, in fact, need an internet connection (which I’d say is important when you’re out at sea) as it is a bluetooth device. No user information is stored on the device and it has medical-grade privacy/security (remember the company’s origins). The administration functions are user-friendly. What about the revenues? Whatever exciting news you may hear about a company, it is always more reassuring to see actual revenues pouring in, even so soon after developing a contact tracing solution. TraceSafe could be forgiven for only being a quarter or two away from meaningful revenues, but luckily for investors, this isn’t the case. Based on video interviews in January, the company expects to continue their 100%-200% year over year growth, which puts them somewhere between a projection of $20-$32 million for 2021. Although it should be noted that I’m extrapolating these numbers by following growth patterns from previous quarters, this DOES NOT INCLUDE ANY NEW PARTNERSHIPS, INCLUDING THE AGREEMENT ANNOUNCED TODAY! (Oops, sorry. I seem to have left caps lock on there!). And then there is the share float. Fully diluted, after all outstanding shares incentive-based options, the total share count will be under 70 million. This is a very small float, which appeals to most investors, as a company in a growth phase will have fewer obstacles to share price growth. What about data? Data monetization is big business. TraceSafe will have the ability to monetize data from their cloud-based software at some point in this process, although that shouldn’t be confused with personal data, which would never be shared, obviously. But corporations looking for trends in safety and efficiency would most definitely benefit from the analysis of general workforce data. What else am I missing? This is a bonus for the company that cannot be overstated. Airbeam. Ever heard of it? Before you read the bonus paragraph below, note that TraceSafe has invested into Airbeam and owns an impressive 9.9 million shares. Ok, go ahead and read about Airbeam now (Thanks to Stock Fam discord user “Aberdenov” for the assistance) The 5G revolution is upon us. This revolution will be in the tens of TRILLIONS of dollars. Airbeam will be a player in 5G critical infrastructure. Their 5G micro cell network utilizing AI/ML with EDGE computing on the 60Ghz band will be a catalyst for smart cities enabling such things as autonomous vehicles. Airbeam will also be deploying wireless cameras with unlimited storage and smart displays for advertising. The company is led by former executive and head of research and development at Qualcomm, Dr Karim Arabi, and along with Stockwell Day and his political connections, the future looks bright for the company. Airbeam's last private raise was back in 2019 with a valuation of 97 million. Since then they have gained traction with pilot projects in America, Qatar and the Philippines. An IPO is expected sometime in 2021 with a far higher valuation. TraceSafe has openly talked about increasing shareholder value after the Airbeam IPO, including a potential dividend, which is unheard of for a growth tech company. So you see how skepticism can lead to the DD that you need to uncover a company like TraceSafe. It has the management team, tech cutting-edge technology, the validation, the contracts, the blue-sky opportunity of an industry that will be a part of our lives, and an incredible piece of foresight to buy in early to a very hotly anticipated IPO. Just another Stock Fam favourite! Thanks to expert poster Jethro and all the members of the TraceSafe channel for their relentless DD. Come join the discussion! Follow me on twitter MrDotto5
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