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

Hey Nerds: Blockchain

Preston said:
So apparently bevvies have plateaued at 1.5% of all sales in Canada the last few months which is not all that different than the US at 1%. Still not quite a slam dunk with consumers. Prices still kinda stink and being unable to buy 6, 12, 24 packs I think hurts a bit too.

I decided to buy a couple to sample... Some Hexo/Molson bevvies because those are apparently better. I'm not doing it for pleasure of course. This is purely for investigative purposes. I will compare them with tinleys one day.

If the 1.5% market share holds and if Tinley becomes the leader in bevvies, they could maybe pull in 15+ milly per year in a mature Canadian market. And that's just one of several irons in the fire that they have. Roughly a 50 Milly (usd) market cap so they're kinda cheap. Canopy will sorta need these bevvies to be way bigger than that though.
Click to expand...

I am not sure they will ever be huge, mostly because you can drink beer or wine and get a little buzzed, but edibles fuck you up. Most people won't sit down and casually drink some edibles with dinner.

Also, from what I've tried they all taste like weed and have way too much sugar. Their real competition is cookies, and gummies, so a shitty drink doesn't stand much of a chance.
 
leafman101 said:
I am not sure they will ever be huge, mostly because you can drink beer or wine and get a little buzzed, but edibles **** you up. Most people won't sit down and casually drink some edibles with dinner.

Also, from what I've tried they all taste like weed and have way too much sugar.
Click to expand...
I think the limitations that we have on marketing and branding have made things really hard for anything to really connect with the consumer (and that includes smokable flower). I always picture a high budget weed beverage commercial during a Leafs game like we see with Molson/Coors.. That's the kind of shit that is needed for the weed bevvies to have any shot IMO. Until that happens I fear they will always be a niche market.

I'm very mixed on the whole situation. I'd love it if it became a thing because I have zero interest in smoking anything, but the idea of sipping on a weed bevvy is kind of appealing to me personally (and yes, even with a meal because by all accounts the beverages don't hit you like edibles and many are pretty weak even for regular folks like me). But I recognize that the hardcore stoners are the ones you want to target, much like how alcoholics are what bring in the vast majority revenue for the alcohol companies, and the heavy users will never touch a beverage.

But if they really just taste like weed and have too much sugar it sounds like there's potential upside there. It seems like no one has perfected these bevvies yet (outside of perhaps one company that ME knows a lot about!). I made sure that the ones I bought have minimal sugar. One is supposed to taste like Coors which is pretty gross, but might be fun to try. And the other is a blood orange bevvy with surprisingly not much sugar. I have heard poor things about Canopy's drinks though so I think I'll pass on those.
 
They hit hard like edibles. Its the ingestion method not the delivery system. THC is processed differently through the stomach and the lungs. I am not convinced that edibles will ever be a casual thing for anyone other than stoners.
 
Oh I don't know anything about drugs. I have read that the onset is far faster and the high is way shorter in duration than other edibles so it seems there are some differences. ME and/or CH1 would probably know more.
 
I added more Tinley at 42.5c. Closer to a typical Presto full-sized position. Still have some ammo in the tank for more if 40c is lost (I do think that 40c is strong support but who knows?). Average down to 44c now. Even if you're not bullish on cannabis bevvies, I don't hate their position right now. Good for cash with 12 co-packing clients on the docket. That's probably kind of a big deal and the market hasn't fully recognized it yet I feel.

Not necessarily trying to re-create lightning in a bottle because that's a dangerous game to play, but this feels a lot like CBII back in the day. Minimal exposure and on the cusp of actual growth. Once they grow, exposure will increase and the stock will finally react. God damn it has been a long time coming for them. They've been 3 years away from being 3 years away for a long time but I THINK (based on what I understand) some actual revenues will come around Q1 2021.
 
Last edited:
haven't done too much besides stare at the JWN chart the past couple days. puts finally paying. its a large position for me... hoping for some more blood
 
Interesting that SPAC holding co SSPK is running hard, +33% on the announcement that they will be targeting WeedMaps. Bullish for the sector.
 
Preston said:
I added more Tinley at 42.5c. Closer to a typical Presto full-sized position. Still have some ammo in the tank for more if 40c is lost (I do think that 40c is strong support but who knows?). Average down to 44c now. Even if you're not bullish on cannabis bevvies, I don't hate their position right now. Good for cash with 12 co-packing clients on the docket. That's probably kind of a big deal and the market hasn't fully recognized it yet I feel.

Not necessarily trying to re-create lightning in a bottle because that's a dangerous game to play, but this feels a lot like CBII back in the day. Minimal exposure and on the cusp of actual growth. Once they grow, exposure will increase and the stock will finally react. God damn it has been a long time coming for them. They've been 3 years away from being 3 years away for a long time but I THINK (based on what I understand) some actual revenues will come around Q1 2021.
Click to expand...

First revenue will be in the form of co packer deposits and might be significant for Tinley. In the low 7 figures.
 
He said they are working on a couple of 8 figure transactions and they are "transformative".


Dude was in full pump mode today. Permanent smile on his face. He's happy. And he should be... I've seen how many shares he has...
 
  • Haha
Reactions: CH1
I'm predicting a bought deal. Pretty smart time to cash up after the run they've just had, especially if they plan to spend 8 figures on some sort of acquisition! And wise to wait till after a big acqusition to do it. I believe they did the same thing last time they raised cash. Pump the SP with an all-cash acquisition (and this time have a perma grin CEO on some shitty Youtube show as well) and raise some precious cashola.
 
I sold another chunk today (SHG) down to a reasonable position

not sure what to make of all this constant stock promotion...but can't argue with the price action
 
CH1 said:
I sold another chunk today (SHG) down to a reasonable position

not sure what to make of all this constant stock promotion...but can't argue with the price action
Click to expand...
Just feels like they're trying to pump it up as much as possible so they can raise cash at solid levels to fuel expansion. They're at a point now where they're going ultra aggressive on acquisitions and trying to turn themselves into a real legitimate player. And the only way to do that really is to raise a fuckton of cash.
 
  • Like
Reactions: CH1
You must log in or register to reply here.
Back
Top