The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success

Canada Pot Stocks

Remove ads while supporting the Unscripted philosophy...become an INSIDER.

TonyStark

I'm not dead yet
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jul 20, 2015
2,173
4,148
1,035
27
Austin, Texas
Just curious what Fastlaner's thought are on weed legalization in Canada; how are you cashing in on this boom?
 

Don't like ads? Remove them while supporting the forum. Subscribe.

Kak

Legendary Contributor
EPIC CONTRIBUTOR
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Jan 23, 2011
6,384
27,635
4,554
New investors would fall squarely into the category of dumb money at this point.

Most of the pot stocks went down yesterday as result of legalization. Probably because it turned from a bitcoin like speculation into a real venture in one day.

Generally speaking, if random people are talking about the potential of something... the opportunity is usually over.

I bet nursing homes are a bubble along those lines.
 
OP
OP
TonyStark

TonyStark

I'm not dead yet
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jul 20, 2015
2,173
4,148
1,035
27
Austin, Texas
New investors would fall squarely into the category of dumb money at this point.

Most of the pot stocks went down yesterday as result of legalization. Probably because it turned from a bitcoin like speculation into a real venture in one day.

Generally speaking, if random people are talking about the potential of something... the opportunity is usually over.

I bet nursing homes are a bubble along those lines.
Damn; well said, sir!

That is why you wear the top hat and monocle.
 
  • Like
Reactions: Kak

bringitnow28329

Bronze Contributor
Speedway Pass
Mar 30, 2013
168
161
91
Providence
Just curious what Fastlaner's thought are on weed legalization in Canada; how are you cashing in on this boom?
In terms of the stocks you already missed the boat. They already made their move for now because people buy the rumor and then subsequently sell the news, in this case the news date of the legalization was Oct 17. The stocks ran up a ton prior to the news as traders speculated. This is what happens and then the suckers come in to buy the stocks on the actually news date and they get burned.

Going forward there will be some big winners in these stocks however most are listed on the OTC market here in the US and these are unregulated companies. There are only a handful of listed companies and exchange traded funds so far like CGC, TLRY, CRON, MJ, and GWPH. Now that weed is legal these companies will need to prove they are real companies and can generate profits. Very few if any earn profits right now and there are many of these lower priced penny stocks that are most likely straight up scams so you gotta be careful.
 

HotRocket

New Contributor
Read Millionaire Fastlane
Jun 14, 2016
23
13
19
I would be keeping my eyes on IAN, GTII, HARV, ACRG.U, and OH all American MSO's traded on the Canadian CSE Exchange going forward.
 

Frank H.

Contributor
Read Millionaire Fastlane
Dec 22, 2018
88
80
120
You are violating the FastLane by investing in stocks rather then creating a company. There is no leverage or control if you are a passive investor. Look at the feedback from the other companies and make your brand even better than theirs. There is money with your name on it if you put a lot of effort into the company.
 

G. Wellthy

Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
Jul 21, 2018
75
83
120
The real winners in trends like pot stocks are the private equity and club investors that get pre-IPO access.

If you like the wild upside, I would recommend trading the illiquidity for total returns, and finding a way into those “clubs”.

... pot stocks were my most glaring example of this. I couldn’t believe the pre-IPO valuations for some really well supported (well backed by investment banks) companies.

I don’t have the capital or the focus on retirement lifestyle to do that investing though. Still investing in freedom from Slowlane. Was fine missing the mania as a result. Long term perspective.

I wouldn’t recommend chasing an industry so obviously rife with losers, losers that will create PERMANENT losses of capital, unless I had $250,000 of play money to make ten solid bets.
 

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.

Sponsored Offers

  • Sticky
MARKETPLACE Fox's Web Design Guide: Earn $100K this year (Yes, 2020!) and Go Fastlane
How do I sell to a different country with an accent? And a foreign number. Cold e-mails don't...
  • Sticky
MARKETPLACE Kill Bigger Incubator
Hey @Cruiser I just shot you a reply! Amazing product BTW!
  • Sticky
MARKETPLACE Lex DeVille's - Advanced Freelance Udemy Courses!
Well, we made it halfway through the year. Don't know what the rest'll bring, but it's gonna be...
  • Sticky
FEATURED! Introducing... WEALTH EXPO$ED, A Short Story By MJ DeMarco
Not really a teaser but it does employ a fictional story, so that is similiar. This upcoming...
  • Sticky
MARKETPLACE You Are One Call Away From Living Your Dream Life - LightHouse’s Accountability Program ⚡
Dropping a quick note in here to say... if you are on TFL, you are part of an elite group of...



Forum Sponsor

sponsor

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Monthly conference calls with doers
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom