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Cannabis

Breakout, followed by retest of fib lineGreat continuation of uptrend, slow stochastic yesterday signaled a needed reset. Retested new fib line support with a strong bounce, need to retest next fib line resistance to continue uptrend. Earnings coming out this month, partnership announced today, looks to be a strategic partnership to capitalize on each company's competitive advantages in the space. Surna in joining forces with a competitor rather than fighting for market share.
SLong
by avlnco
APHA Day Trade IdeaAPHA (Aphria, Inc.) is rebounding up from a support line on the year to date rising fibonacci channel. It is probable that APHA will continue it's upward momentum up to 17.81 for an approximate 13% gain (+/-) upon where it would encounter the yearly 61.8% fibonacci resistance level. If APHA crosses above 17.81, the Point of control (POC) where volume is most concentrated is at 18.75. Crossing this level is less probable but not impossible, as APHA has been known to out perform both in market hours and after hours. I currently have no position in APHA, so this is just my unbiased opinion.
ALong
by khollspati
$MCOA Federal Legalization Play This is strictly a speculative play on federal marijuana legalization, with reform being a top issue in politics currently. I dug a little deeper and found some promising words from the organization's CEO Jesus Quintero in an audio interview with SmallCapVoice.com, posted today on March 4th. Part of the transcript goes as follows: “We have made great strides towards reducing our overall debt and overhead. Our new eCommerce platform emphasizes a leaner model with larger margins. More than that, we are maturing as a Company. We want to enrich the lives of our customers and our shareholders. We want to build a community that holds everyone in high regard. The global pandemic has isolated people. However, through our updated and enhanced social platforms we are reaching to let everyone know that you are not alone, and we are in this together.” Quintero discusses how MCOA’s share exchange program with Cannabis Global Inc. (OTC: CBGL) has strengthened both companies’ balance sheets, as well as their ability to gain greater market traction and expand operations. That is just the beginning Quintero stresses, “It is more than just a share exchange. It is each company leveraging their core competencies to bring out the best for our shareholders. That is why I am so excited about the work we have launched with Eco Innovation Group, Inc. (OTC: ECOX), an innovative company aggregating investments in new technologies that promote environmental and social well-being, and the advancement of green energy solutions. We have strong synergies with ECOX and look forward to leveraging their recently acquired exclusive rights to a disruptive solution that holds the potential to upend traditional sourcing methods for extraction from medicinal plants and flowers for the holistic, cosmetics, and food markets.” Quintero concluded, “We continue to be very optimistic about a national cannabis market here in the U.S.A. As I have said before, we are committed to establishing ourselves as the premier source of quality in cannabis products, processes, distribution, and development.” Seems like $MCOA has a promising year ahead, with various partnerships and brand deals announced quite frequently. I really get the sense that they are attempting to capitalize on new leadership and the potential for federal cannabis legalization. Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange-traded funds, mutual funds, options, and money market funds involves risk of loss. Loss of principal is possible. Please exercise your own due diligence.
OTC:MCOALong
by ClargyInvesting
Not feeling Aurora. Looking for Head and Shoulders reversalThey were left out of the deal with Aphria, lost a CEO last year who was hired particularly to find a merger/acquisition, they have been continuing layoffs, lost billions of dollars last year, keep diluting the stock, and they are running a large multinational organization (complicated). The best hope for ACB is that it has hit rock bottom as a company and will survive with nowhere to go but up. Watch for these moves to see which way it is heading. Yellow line through a green zone is a potential buy, Red line through a red zone is a potential sell. Always check fundamentals/technicals before making any trade.
AShort
by RickSmash
7
New Channel, Support & Resistance using Fib RetracementYou can never go wrong with using Fibonacci falling in line with human psychology and the universe itself. Major support zones hit on the fib lines, with obvious resistance levels that are ready to break. Initial flag pattern had broken down, potential flag pattern support highlighted with lower purple line. Pinch is inevitable. Q4 earning should be released early March. Expecting the recognition of their $2.8mil contract, in addition to their typical $1.5mil recognized from smaller contracts. Surge in volume on positive earnings and continuation of the favorable cannabis landscape (feds and states), can push this to retest their recent high around .21. If SRNA breaks that on good volume, then it is blue skies.
SLong
by avlnco
$ECGI Purchases Cali MJ Property and Announces 1st Deliveries$ECGI Finalizing Northern California 1.7m SQ FT (40 acres) from $SGMD CEO Jimmy Chan private LMK Capital company. LOS ANGELES, Jan. 26, 2021 (GLOBE NEWSWIRE) -- via InvestorWire – ECGI Holdings, Inc. (“ECGI” or the "Company") (OTC PINK: ECGI) today took its first steps toward the development of its special cannabis acquisition model via the closing of a definitive agreement to acquire a privately held farm, which includes a *1.7 million-square-foot Northern California property zoned for cannabis cultivation, processing and manufacturing." "The property also includes a house of approximately *2,175 square feet (the house and land collectively “Property”). www.otcmarkets.com The mention of the 2,175 Sq Ft house, just so happens to be included in the 6 acre zoned MJ area. $ECGI's stated property size is 40 acres x 43,560 Sq Ft per acre equals 1,742,400 Sq ft. You can review the original Lower Lake property listing here: www.redfin.com Awaiting cannabis licenses to be issued. Also, $SGMD PR'd couple days ago that they purchased 70% of $ECGI NUGS Avenue MJ delivery service. $ECGI Released an update today about Feb 9th deal announcing they had delivered to their first customers: LOS ANGELES, Feb. 09, 2021 (GLOBE NEWSWIRE) -- via InvestorWire – ECGI Holdings, Inc. (“ECGI” or the "Company") (OTC PINK: ECGI), which plans to operate as Elite Cannabis Group and has been reorganized as an acquisition-oriented corporation with California-based targets of distressed cannabis assets, properties zoned for cannabis cultivation and processing, today announces its second agreement within the fast-growing California regulated cannabis market. The Company has signed a definitive management services agreement to enter the cannabis delivery business in conjunction with a California cannabis license holder operating out of Lynwood, California. www.otcmarkets.com "$ECGI created a wholly owned subsidiary, Nug Avenue, Inc., a California Corporation, which will hold the contract with the licensed party. The Company plans to enter into an additional agreement whereby it will sell up to 70% of the Nug Avenue unit to a third party, allowing the Company to retain and report an approximately 30% ownership. twitter.com "Excited to announce our first deliveries for Nug Avenue on 2/25 Check us out if you're in the LA Metro area @ Weedmaps.com. Wide selection and fast delivery. $ECGI" twitter.com
OTC:ECGILong
by StockGuild
2