TRST:TSX/CNTFF:OTC (CannTrust) is my largest position and seems very strong relative to peers and their market caps

 

I like NXTTF. They're basically trying to be the Amazon of weed. Definitely has huge potential.

 

murica, where ya goto jail for smoking a joint but are allowed to walk around walmart with an AK47

 

Do weed stocks look like dot com and blockchain hype to anyone else? No doubt they are going to be massive markets, but are these prices realistic this early on ?

 

Bigger concern IMO is picking the winners. There were dozens of car companies back in the first half of the 20th century, but 90% or more went bust, and their stock was worthless. Doesn't help to pick the right race if your horse dies halfway through. There will be a LOT of "dead horses" as the industry shakes out. I'd be careful.

 

This is typical of penny stock companies and yes this is a penny stocks. The only difference is now some of these scams are going public through alternate means and being listed on the big boards instead of the Pinksheets and OTCBB. After the SEC started to crack down on OTC pump and dumps in Novemeber 2013, stock promoters moved on to listed small caps instead. Regardless of the fact that IGC was a scam, it was a great trader while it was moving. The fact is stocks don't generally spike from $1 to $10+ for very long because traders need their funds for the next pump and dump that comes along. You just don't want to be holding these kind of stocks overnight imo. They are for day trading only.

 

I purchased 70 shares in the Canadian company CannTrust Holdings (CNTTF on the stock exchange) a few months back @ $5.83
They seem like one of the few companies who will still be around a decade from now. It seems like they are trying to be the company that is standardized. Exact info on dosage, effects, package weight, etc.

With that being said, I don't expect the stock to do much. I bought it on a 2nd trading account so it wont mess up my great growth percentage from my initial portfolio. LOL

 

I got a little it of Aurora. Just letting it sit for the long term. Didn't risk a lot.

 

I did too. I like the price it's at right now, definitely has room to grow being one of the big names in the industry.

 

Hi everyone, what's your investment strategy in mj stocks now? Going long seems dependent on a second wave on more states legalizing medicinal and recreational and which alcohol/tobacco company will buy the company. In 2016, cgc was a good buy because they received huge licensing rights to grow and I remember reading they provided licensing manuals. I don't know how to weigh in at cgc's current market cap. Are there any trends in history we can look at to see how people have reacted to an industry growing dependent on government approvals?

Has anyone here looked into getting a license in their state to become a provider?

There is a namaste tech, but I have no idea what they do. They say they are making a portal for online purchasing and even a medical app of some kind, an online pharmacy fulfillment process? How can we verify? A lot of these mj stocks that have gone to worthless are because of beautiful marketing and no substance.

 

Brilliant quote.

 

Hey all,

with mairjuana become legal in even more states is anyone investing or planning to invest in marinuana stocks? I've been looking at the Cronos stock and it keeps going up. I'd love to hear people's opinions.

Thanks

 

My dad and I have a strictly high risk portfolio that’s all marijuana stocks. Canopy growth has done wonders for us. Bought in at $5 it’s sitting right around $43 right now. We also have planet 13 stock which is super cheap right now sitting at about $1.50 but their vision is in the long game it’s basically like a marijuana entertainment center and the biggest dispensary in the world. Also got into MedMen pretty early

 

What an incredible week. Took big profit on stocks I bought just last week

Still holding CURA, TRUL, GTII with significant profits.. all three are still blowing up.

I was happy to unload CRON.

I had to unload APHA for several reasons even though there is a good chance it will go higher.

Medmen I sold for small profit after they got hit with another lawsuit.. I was up 14k at one point... also shady trading action going on.

Got frisky and spend 13k on some Canopy puts on Friday... usually I would wait for 1 hour downtrend but everyone is anticipating poor earnings this month and everyone is looking to buy after the earnings and not before. I will add to this position of the 1 hour trend breaks bearish and close the position if it breaks bullish.