Hey Nerds: Blockchain
- Thread starter zeke
- Start date
MindzEye
Wayward Ditch Pig
The highlights of the CGOC webinar
- As an asset, their stock out performed similar ETF's, and competing investment groups (quinsam, etc) during the recent slide in MJ industry stock prices
- Very bullish on the US market right now, feel that the door is closing on getting in on the private to public plays because of the quickly shifting political realities.
- Expects a rush of US capital (which has been on the sidelines waiting) to hit the market in the not so distant future
- Has identified a small handful of companies that have the potential of turning into the "Canopy" of US cannabis. A few private companies going public that they wouldn't name, one of their private investments named Jushi, IAN, MPX. Access to capital will be key for the winner of that fight, but there's a huge pie to divy up. The current market is predicted to be 75B, but if anything has been consistent in market estimates, it's that they tend to fall way short of the reality. No single company holds more than 1% of the market in the US and they expect that to change over the next 18 months.
- To nobody's surprise, are very high on TGIF, Bruce has been a long term supporter and investor in TGIF. About as solid a vote of confidence as exists in the industry tbh.
- They're bullish on Cannex as a multi state play that they're involved with. 2 additional private to public plays they're involved with are Bien Brands & 48North in the American space
- As an asset, their stock out performed similar ETF's, and competing investment groups (quinsam, etc) during the recent slide in MJ industry stock prices
- Very bullish on the US market right now, feel that the door is closing on getting in on the private to public plays because of the quickly shifting political realities.
- Expects a rush of US capital (which has been on the sidelines waiting) to hit the market in the not so distant future
- Has identified a small handful of companies that have the potential of turning into the "Canopy" of US cannabis. A few private companies going public that they wouldn't name, one of their private investments named Jushi, IAN, MPX. Access to capital will be key for the winner of that fight, but there's a huge pie to divy up. The current market is predicted to be 75B, but if anything has been consistent in market estimates, it's that they tend to fall way short of the reality. No single company holds more than 1% of the market in the US and they expect that to change over the next 18 months.
- To nobody's surprise, are very high on TGIF, Bruce has been a long term supporter and investor in TGIF. About as solid a vote of confidence as exists in the industry tbh.
- They're bullish on Cannex as a multi state play that they're involved with. 2 additional private to public plays they're involved with are Bien Brands & 48North in the American space
CH1
The Artist Formerly Known as chiggins.
40 min doc on Australia's Green Rush, featuring heavy hitters such as Bruce Linton (CEO of Canopy), Cannacord, Auscann, etc
http://www.abc.net.au/4corners/green-rush/9688790
I breezed through the transcript.
http://www.abc.net.au/4corners/green-rush/9688790
I breezed through the transcript.
MindzEye
Wayward Ditch Pig
Graphic card shipments out of Taiwan are 40% smaller than expected. With a new generation of cards hitting the market at the same time the second hand market for higher end cards is about to crater. Buy a Nvidia 1180 which is slightly more powerful than the current gen 1080TI, for 800 bones or take the undervolted/underclocked 1080TI for 450?
Short NVDA, Short AMD
Short NVDA, Short AMD
CH1
The Artist Formerly Known as chiggins.
How it feels being a long holder some days
My trading account hasn't been this heavy in cash in years.
Iknowenuff
Banned
Take some of it out, put it in a bath along with some gold coins and enjoy it. Its plastic, it survives quite well.
CH1
The Artist Formerly Known as chiggins.
Australia cannabis jumpin'
Australia's biggest medicinal cannabis company, Cann Group, is believed to be in the crosshairs of its largest shareholder.
Street Talk understands Canada's Aurora Cannabis Inc – that country's second largest cannabis company with a $C4.3 billion market capitalisation - is considering a formal approach to Cann Group's board about a takeover. Sources suggested there had been informal engagement between the two parties.
Aurora's interest is believed to be pegged at about $4.50 a share, which would value Cann Group at about $500 million.
The company's shares last closed at $2.99, but hit a record high just above $4 in January.
Read more: http://www.afr.com/street-talk/aurora-stalks-canndo-company-20180429-h0zeaq#ixzz5E56CwSLP
Australia's biggest medicinal cannabis company, Cann Group, is believed to be in the crosshairs of its largest shareholder.
Street Talk understands Canada's Aurora Cannabis Inc – that country's second largest cannabis company with a $C4.3 billion market capitalisation - is considering a formal approach to Cann Group's board about a takeover. Sources suggested there had been informal engagement between the two parties.
Aurora's interest is believed to be pegged at about $4.50 a share, which would value Cann Group at about $500 million.
The company's shares last closed at $2.99, but hit a record high just above $4 in January.
Read more: http://www.afr.com/street-talk/aurora-stalks-canndo-company-20180429-h0zeaq#ixzz5E56CwSLP
CH1
The Artist Formerly Known as chiggins.
I wish these clowns would make up their mind already
The Trump administration has found a new way to crack down on legal weed
New rules from the SBA will make it hard for companies that do business with the marijuana industry to gain access to loans.
Far from just weed companies, the new rule could extend to web designers, gardening suppliers and others who may derive just a small portion of their revenues from marijuana firms.
https://www.cnbc.com/2018/04/30/trump-administrations-new-crack-down-on-legal-weed.html?__source=sharebar|twitter&par=sharebar
The Trump administration has found a new way to crack down on legal weed
New rules from the SBA will make it hard for companies that do business with the marijuana industry to gain access to loans.
Far from just weed companies, the new rule could extend to web designers, gardening suppliers and others who may derive just a small portion of their revenues from marijuana firms.
https://www.cnbc.com/2018/04/30/trump-administrations-new-crack-down-on-legal-weed.html?__source=sharebar|twitter&par=sharebar
MindzEye
Wayward Ditch Pig
I expected more bullshit like this.
The main positive I take from where US MJ is at, is that the Democrats are going to run on legalization and win heavily in November. Public opinion has turned hard in the right direction and it's going to happen now. Establishment republicans still aren't happy about it and will rebel against it as it happens.
CH1
The Artist Formerly Known as chiggins.
In other news:
YouTube is shutting down, and issuing “strikes” against, accounts that feature marijuana or marijuana-adjacent content at an unprecedented rate. The crackdown is leaving many in the community who’ve built large subscriber bases and revenue streams wondering, “what the hell changed?”
https://hightimes.com/news/youtube-remains-silent-weed-pages-purged/amp/?__twitter_impression=true
Farmers grew more than three times the amount of weed that Oregon actually consumes, causing pot shops to drop prices, let go of staff, and in some cases, shut down entirely.
https://merryjane.com/news/with-too-much-marijuana-oregon-dispensaries-lower-prices-and-lay-off-employees
YouTube is shutting down, and issuing “strikes” against, accounts that feature marijuana or marijuana-adjacent content at an unprecedented rate. The crackdown is leaving many in the community who’ve built large subscriber bases and revenue streams wondering, “what the hell changed?”
https://hightimes.com/news/youtube-remains-silent-weed-pages-purged/amp/?__twitter_impression=true
Farmers grew more than three times the amount of weed that Oregon actually consumes, causing pot shops to drop prices, let go of staff, and in some cases, shut down entirely.
https://merryjane.com/news/with-too-much-marijuana-oregon-dispensaries-lower-prices-and-lay-off-employees
MindzEye
Wayward Ditch Pig
Which probably means Google is being leaned on, or is concerned with being leaned on by the feds.
Not shocking at all. Fairly easy plant to grow that scales exceptionally well in industrial sized grow operations, indoors or outdoors.
Supply and demand is no joke, it will find balance whatever carnage is required to do so. This is why I'm avoiding getting into brick and mortar dispensaries, I just have no desire for a supply chain that could swing wildly from one extreme to potentially break me financially.