Marijuana stocks

[Iceman2316]

Happy Sunday everyone. I am just wondering if anyone has anything to say about any marijuana stocks?
I currently have three and I have a good amount of shares of each.
Aurora Cannabis ACB/TSX
Auxly Cannabis XLY/TSX-V
FSD Pharma HUGE/CN

I am hoping in time each will 5-10 times their current prices.

 

[asian_sampler]

I also have Aurora and Auxly as well as some others.

It's amazing some of the products that will be coming out in the near future. Lots of skin care products, vegan stuff, etc.

My thought is 2 or 3 of these companies will easily get over a $100 a share price but probably in 3 to 5 years time. Problem is which companies will get to that price level is too hard to determine now as marijuana stocks is in infancy stage.

 

[Iceman2316]

I also have Aurora and Auxly as well as some others.

It's amazing some of the products that will be coming out in the near future. Lots of skin care products, vegan stuff, etc.

My thought is 2 or 3 of these companies will easily get over a $100 a share price but probably in 3 to 5 years time. Problem is which companies will get to that price level is too hard to determine now as marijuana stocks is in infancy stage.

I do think in time these three will fly. I will continue to add to my holdings. I think you will see more being added to the NASDAQ. Once that happens it will peak more US interest and money.

 

[bullitt]

i also have some aurora , and also choom.

 

[Indiana]

Aurora scares me.
Huge number of outstanding shares.
Way too diluted.

 

[Davious]

I bought into nextleaf (OILS) at 32 cents. It just had a huge run and I bought more in at 60 cents.

They have patented technology for extraction of oils. Apparently its significantly light years ahead of the competition.

Once license approval is granted by health Canada this stock will soar like superman. I sold all my cannabis plays for this.

The US patents are even crazier. Can't believe they got those.

 

[Indiana]

Sell everything and buy Pioneer Aviation.

 

[Iceman2316]

FSD Pharma would have been a good buy on Friday and sell on Monday. Up 25% this morning.

 

[asian_sampler]

Any thoughts on the announcement on village farms and emerald?

 

[yomero5]

Only a fool would buy Marijuana stock, IMO.

 

[Iceman2316]

Only a fool would buy Marijuana stock, IMO.

I must be a fool then yomero5. The above I mentioned I am up 40% and two others I am up. People used to also call me a fool for investing in gold stocks. I retired at 44. I am ok with being called a fool.

 

[yomero5]

I must be a fool then yomero5. The above I mentioned I am up 40% and two others I am up. People used to also call me a fool for investing in gold stocks. I retired at 44. I am ok with being called a fool.

I'm not specifically calling you a fool, but everyone. The fundamentals of MJ stocks are poor. Please update this thread in one year to let us know your gain/loss. Gold is a hedge and much different from MJ stocks.

 

[HOLLYWOODG]

Sell everything and buy Pioneer Aviation.

^ why. What's your thesis and price target in one year and 5 years? How long are you looking to own this stock?

 

[KarlHungus]

ACB has some promising ventures and contracts, not sure what Coca Cola is still trying to do with them as they were eyeing them for a while.

Tinley I'm holding since the 7 cent days exploded my portfolio and I can only forecast good things to come when consumables become legal/restricted this October. Also looking at EAT.CN symbol for consumables since their targets are ambitious but they haven't yielded any results. You're only going to turn a quick profit if you can find a pharma that has extraction as its priority right now as consumer markets are looking for alternatives that don't attach itself to the smoking stigma there is currently in Canada and a lot of US States.

Right now the MJ market is for the long since all the good cheap stocks have been bought up since the TWEED days before they became Canopy Growth. @yomero5 is correct that people are investing into Marijuana right now for the wrong reasons as I get a lot of questions about forecasting this horribly unpredictable market. Things would be a lot less different if the restrictions were not so strict and more licenses were handed out for distribution. Same with Production.

 

[bazokajoe]

I sold all of my MJ stocks about this time last year. Made money and bailed. They are so up and down right now. Personally I don't feel there price is justified.
I have no stocks of any kind right now. Been keeping my eye on BB. They have big jumps when they release quarterly results but then settle back a bit then stay in a small trading range.I like that they have some of the best security software around. We shall play the wait game on BB.

 

[spheroyds]

Fundamentals rule over speculation.

None of the balance sheets support the stock prices of any of them - and yes, mergers/acquisitions should be just around the corner. when the dust settles give the remaining crew about a year to demonstrate operational chops and then decide. The stocks should drop first and the survivors will prove themselves when the supply chain catches up. 18 months and you'll see vastly lower prices.

 

[wonkyknee]

I sold out my big names and now have been accumulating smaller caps with potential to do 100million in sales yet market caps now lower. The large caps are all valued over 2 billion plus, and need to add sales in the 100s of millions to justify their current price.
They might still go up in the future but smaller names will grow more quickly. On the grow side I like indoor growers. The big greenhouses are churning out crappy product at about 40% efficiency. Internal growers like Ravenquest (RQB) using Orbital lighting systems can keep humidity constant and grow higher quality product.
Lots of good stories on the small cap side. Bought PVOT on the downturn, only to find Joe Mimran of Joe Fresh take over the company and grow sales in the coming months with drinks/creams etc in the US , Europe and massive deals in Mexico.

I think there are a lot of flyers in this market. More money to be made on the smaller names I think; not that they won't all go up with the rising tide.

 

[JuanGoodman]

I sold out my big names and now have been accumulating smaller caps with potential to do 100million in sales yet market caps now lower. The large caps are all valued over 2 billion plus, and need to add sales in the 100s of millions to justify their current price.
They might still go up in the future but smaller names will grow more quickly. On the grow side I like indoor growers. The big greenhouses are churning out crappy product at about 40% efficiency. Internal growers like Ravenquest (RQB) using Orbital lighting systems can keep humidity constant and grow higher quality product.
Lots of good stories on the small cap side. Bought PVOT on the downturn, only to find Joe Mimran of Joe Fresh take over the company and grow sales in the coming months with drinks/creams etc in the US , Europe and massive deals in Mexico.

I think there are a lot of flyers in this market. More money to be made on the smaller names I think; not that they won't all go up with the rising tide.

Low volume penny stocks, big risk big reword. This one looks like it's about to get a new uptrend if it breaks $0.40. Good luck!

 

[Fifi_ulla]

Thanks for sharing your thoughts on the Penny stocks. I had my eye on the big players with the downswing so this information helps to consider alternatives.

 

[daywalker11]

Fundamentals rule over speculation.

None of the balance sheets support the stock prices of any of them - and yes, mergers/acquisitions should be just around the corner. when the dust settles give the remaining crew about a year to demonstrate operational chops and then decide. The stocks should drop first and the survivors will prove themselves when the supply chain catches up. 18 months and you'll see vastly lower prices.

Looks like you were spot on my man.