• Moderators, please send me a PM if you are unable to access mod permissions. Thanks, Habsy.

Hey Nerds: Blockchain

Canadian market closed but pot stocks ripping nicely in the US
 
I was doing the youtube thing, came across this and thought of this thread right away.
Crazy how prophetic this is.

[video=youtube;3mN7NxDpm7Y]https://www.youtube.com/watch?v=3mN7NxDpm7Y[/video]
 
CH1 said:
Decent review for Tinley's thc spiked margarita


https://www.urbandaddy.com/articles/42410/a-cannabis-margarita-anyone
Click to expand...


Dosing seems right, and product quality seems dialed in or close.

9R7G.gif


In related news:

https://news.sky.com/story/diageo-calls-time-on-goldschlager-in-1bn-sell-off-11383825

Diageo, the FTSE-100 drinks giant behind Smirnoff and Guinness, has kicked off an auction of US-focused spirits brands including Goldschlager, a cinnamon schnapps it has owned for more than 20 years.

Sky News has learnt that Diageo, which is pursuing a strategy to focus on premium labels, began holding talks with potential buyers of the portfolio in recent weeks.

The brands earmarked for disposal include Myer's Rum, which launched in the US in 1934; Popov, a vodka label; and Romana, a Sambuca brand.

Centerview Partners, an investment bank which specialises in consumer goods deals, is handling the sale process, according to a person close to Diageo.

Insiders said on Thursday that the divestments related to brands which were non-core to Diageo, and that they were likely to command an overall price tag of between $500m and $1bn.
Click to expand...

Diageo, funny enough has been rumoured to be interested in buying a chunk of Aphria.
 
LeafOfFaith said:
What are the thoughts on this article?

https://finance.yahoo.com/news/case-missed-profit-estimates-marijuana-122100166.html?.tsrc=applewf
Click to expand...

I honestly don't care about the conflicting "estimates".

For me, the only thing that matters is the price action of individual stocks that I own. For the first time, the market is starting to price in winners vs losers. Last year the entire sector moved together. Stocks of shitty run companies were rewarded as much as their well run counterparts.

This year, not so much. See chart below. I've been lucky that some of my top holdings (CRZ, THCX, IAN) have enjoyed a monster May (+25%)

The backdrop continues to be enticing. A giant black market is transitioning into legal. And some people who never tried it (because it was illegal and to them pot was as off limits as heroin) will try some type of THC/CBD product.

DeEbsJCUwAAeyUq.jpg:large
 
Last edited:
Not pot related, but a great read. Statheads win again!

The Gambler Who Cracked the Horse-Racing Code
Bill Benter did the impossible: He wrote an algorithm that couldn’t lose at the track. Close to a billion dollars later, he tells his story for the first time.

https://www.bloomberg.com/news/features/2018-05-03/the-gambler-who-cracked-the-horse-racing-code?utm_medium=social&utm_source=twitter&utm_campaign=socialflow-organic&utm_content=business&cmpid=socialflow-twitter-business

Benter and Coladonato had won a jackpot of $16 million. Benter counted the zeros to make sure, then turned to his colleague.

“We can’t collect this—can we?” he asked. “It would be unsporting. We’d feel bad about ourselves.” Coladonato agreed they couldn’t. On a nearby table, pink betting slips were arranged in a tidy pile. The two men picked through them, isolating three slips that contained all 36 winning lines. They stared at the pieces of paper for a long time.

Then they posed, laughing, for a photo—two professional gamblers with the biggest prize of their careers, one they would never claim—and locked the tickets in a safe. No big deal, Benter figured. They could make it back, and more, over the rest of the racing season.
 
Last edited:
They sure do. That's the premium you get for accepting the risk level imo. I think the market is legitimately pricing in risk properly here as well.

It's well worth the risk though. I've taken the chance to increase my positions in MPX and CRZ recently.
 
Crz could double from here and still have a $1B market cap. MedMen is ipoing tmrw with a $1.6B MC.
 
CH1 said:
Crz could double from here and still have a $1B market cap. MedMen is ipoing tmrw with a $1.6B MC.
Click to expand...

Yep. I expect the better companies in the industry to be worth a lot more than 1 Billion in a few years though. The smaller niche plays (Tinley, for example) could end up being a 1 Billion dollar company. CRZ, MPX, IAN could/should be a lot bigger than that.

1.6 Billion dollar valuation for 12 dispensaries, and a 45,000 sq ft grow op. Wow.

Enjoy the wild west period of the industry. As soon as federal legalization occurs, the big money comes stomping in to take over. I figure we have at minimum 18 months and potentially as long as a few more years before federal legalization gets rolling.
 
So, the preemies who bought the opening bell in MMEN are already down 12%
 
CRON delivers. Up 10% with monster volume in the last half hour.
 
You must log in or register to reply here.
Back
Top