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Hey Nerds: Blockchain

Doing a little digging in RIV. This cannabis company has a celebrity of their own - Kevin Durant.

https://www.newswire.ca/news-releas...ivers-strategic-advisory-board-808487752.html

"We're thrilled to have Thirty Five Ventures join the Canopy Rivers team," said Narbé Alexandrian, President & CEO, Canopy Rivers. "Kevin Durant and Rich Kleiman have built an incredible brand worldwide, investing in and growing some of the cannabis and tech industry's hottest companies. We're excited to combine our venture capital knowledge and cannabis domain expertise, and we believe that this partnership will drive success for our portfolio as we continue to grow it in the years ahead."

"We've recognized that Canopy Rivers has taken a data-backed approach to map out forward-looking opportunities in the industry," said Rich Kleiman, Partner, Thirty Five Ventures. "We are looking forward to joining the Advisory Board, and helping to align with some of the most disruptive founders in the space."
 
Preston said:
Kim. I'll write it out for you:

Buy Vireo for $500m and CXXI for $300m.

Footprint would include:

NV, Oregon, AZ, MD, Minnesota, New Mexico, Ohio, PA, Rhode Island and most importantly Florida and NEW YORK


Cresco? Take out Bluma.

Green Thumb? VEXT!


GO GO GO GO GO
Click to expand...
One down on the presto prediction front.


 
Not a crazy premium but a premium nonetheless!

Entry was at 40c not long ago. And they got bought at 1.12 per share based on yesterdays closing prices. This inefficient market is beautiful folks.
 
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GOOD JOB PRESTO.

I kept a decent amount of BLUMA so cha-ching

In other news, VFF is gapping up over the $14 level, which gave it a hard time yesterday.
 
Now my question...


My Bluma shares I'm guessing will convert to CRLBF? Meaning no-go in my RRSP. Or will they convert to the Canadian exchange of CL? Meaning USD to CAD conversion? Either way, seems bad to hold through. I'll have to get rid of the BWEL shares at some point. BUT THE QUESTION IS WHEN?!?!?!?!!
 
Preston said:
Now my question...


My Bluma shares I'm guessing will convert to CRLBF? Meaning no-go in my RRSP. Or will they convert to the Canadian exchange of CL? Meaning USD to CAD conversion? Either way, seems bad to hold through. I'll have to get rid of the BWEL shares at some point. BUT THE QUESTION IS WHEN?!?!?!?!!
Click to expand...

your broker can convert the shares to CL.

there is no currency conversion

remember the huge CannaRoyalty discount when CL bought it?

I might be tempted to buy more BWEL if the arbitrage opportunity presents itself ---free money
 
CH1 said:
your broker can convert the shares to CL.

there is no currency conversion

remember the huge CannaRoyalty discount when CL bought it?

I might be tempted to buy more BWEL if the arbitrage opportunity presents itself ---free money
Click to expand...
Interesting. I'll have to think about it. Either way I'm officially overweight Cresco and I think I love it. This is a really accretive acquisition for them with minimal dilution. It's going to immediately add profitability/cash flow positivity plus they have the capital to build out unlike Bluma. They'll definitely raise cash soon. They need it. I mean for fucks sake, they released a "CORPORATE PRESENTATION" last night. If that's not an attempt to lure institutional investors, I don't know what is.


Worth reading btw. These guys are good, and I still think they're the most undervalued of the big boys. They're almost a hedge because they operate quite differently than the others. By far the most wholesale dependent operator. That legitimately may be the way to go moving forward for these operators and they clearly have a headstart. It led to crazy growth in Q3. Fucking batshit crazy. Plus they're the only big MSO with actual California exposure which could be game changing.
 
Also, if you own CL (like I do), you could sell the equivalent amount of CL and keep the BLUM until the last minute, depending on which one is more valuable
 
SPCE is flying +$5 in pre-market because Cathie Wood (ARK) announced she is starting a space related etf. What a time to be a trader/investor.
 
Speaking of inefficiency, VFF has a long way to go before it gets the rispek it deserves. New note from Raymond James after VFF's investor presentation yesterday.

1610633778928.png
 
Ray Jay have been pumping their tires for months. And honestly, for good reason. APHA posted huge losses today. As they always do. But fancy accounting tricks make them appear profitable I guess.
 
VFF also has a 1.3M acre greenhouse in Texas, half will be growing hemp, and ready to go cannabis whenever Texas approves medical.

Not saying this is tomorrow's business, but, for you long term investors, you are getting this for FREE. Texas weed is not factored in the price.
 
I'm interested to see if Jason Wild's tweet reply will jack up RIV...I only have half a position
 
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