Loading ...Washer’s Weeds 05/11/16
“Well, washer, this is a fine mess you’ve gotten us into”
“What a relief it has been to abandon the volatility of gold stocks finding refuge and certainty in the stability of weed stocks.”
“LORD TUNDERIN MARY AND JOSEPH, THESE FRICKEN WEED STOCKS ARE WORSE!!!!!”
“Out of the frying pan into the fire.”
“I’d rather be a nut than a washer”
The minor correction has become more serious. Stops are being run into unfilled gaps. Since there are very few riverboats, these are easy issues for automatron fundies to push around.
My entry was, to be frank, utterly clueless.
The bull will save me.
The Nov 8th elections stateside will determine recreational use legalization in 8 states. Tailwinds.
Canadian task force report out this month….not about if….about how….to implement legal recreational sale and taxation. Tailwinds.
Legalization…..promised by Trudeau in 2017. Hurricane in my underwear. No one has a clue what kind of demand this could bring. Some estimates are as high as 50x current medical demand.
There currently is not enough legally permitted production capacity to meet even a fraction of this.
That is why…….my 5 weeds have only just incubated…..they are the toddlers….who will grow into monsters.
So here is the lineup:
My biggest (are you serious?) holding: ACB.V
This was the worst place to be….monkey hammered into a yawning gap…..ending the week rocketing like a scalded monkey…..after just being given a cannacord spec at 2.75…..prison sex. Courtesy of my prison camera. Still no history at stockcharts.
The leader and bellweather: Almost at new highs, encouraging.
Also up on the week:
Both slapped hard….yet hardly slapped, really. Let’s see. 🙂
Aurora Cannabis $25-million convertible debenture
2016-11-02 16:16 ET – Private Placement – Debenture
The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced on Oct. 11, 2016.
Convertible debenture: $25-million
Conversion price: convertible into shares at $2 per share for two years
Maturity date: 24 months from closing
Interest rate: 8 per cent
Number of placees: 87 placees
Insiders: 748086 Alberta Ltd. (Jason Dyck), $100,000; Mr. Dyck, $100,000
Aggregate pro group involvement: $515,000 (six placees)
Agent: Canaccord Genuity Corp.
Agent’s fee: $1-million
*******************
Chart history shows IPO early 2010 .. traded + – 10 cents until mid 2014 then a parabolic spike to $1.05,then a choppy decline to 0.45 until late summer 2016 and then a parabolic spike to $2.40
Lost 5.7 million in fiscal 2016
(sub site so cant paste link)
Comedy and marijuana……you are a feature at Goldtent Paradise Now Washer…you Nut
🙂
W, Thank you very much. This commentary is top-notch. I look forward to more.
(I refer to the literary quality of the piece–I wish I could write like that. As for this sector as an investment, I have no expectations of myself becoming involved and have little opinion one way or another.)
When does someone create a weed index? These companies too important just to be part of a regular Growth index. (We could think up names for an index here.) Or is there already an index?
When will this sector appear on the Spock Global Matrix? (I think we know what color might be associated with it.)
LOL Karl
How about $BONG
if its not take already
Thanks for the leg work on this. Been interested in the idea for a while but hadn’t done any work to separate the good and bad.
Should be huge
Washer, Any thoughts on CCAN (Canadian Cannabis). It appears that the stock is currently range bound and potentially “Basing.”
It seems that Volume is starting to build on the stock but price has not moved much just yet. Any thoughts on Volume before Price?