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Cannabistocks

Tilray Given Up All Gains, Time to BuyThe potential for huge growth in cannabis companies is obvious. The spike we have seen in the past week has retraced almost all the way back to where it started, this offers a great chance to re-enter longs. The spike may have been caused by the Reddit craze nonsense which explains the big dump as well but this is still a good trade/investment. I would like to see the price stabilise in the current area and confirm that the support here will hold as it has been very volatile. If it does hold here and show that it will rise then the previous high is a good target, around $64. If it breaks this resistance then a target of $115 can be next, this is 0.382 Fibonacci retracement from the all time high to the low. If you are looking at this as an investment there is no telling how high it could go.
NASDAQ:TLRYLong
by olly48
2
Why $OGI marijuana stock skyrocketed this week?On Friday, the two chambers of Virginia's General Assembly passed marijuana legalization bills. The two must be reconciled for consistency's sake; afterward, the combined version will be sent to legalization supporter Gov. Ralph Northam for his signature. So what fueled the great enthusiasm for marijuana stocks on Monday? it was the increasing likelihood that marijuana would be decriminalized at the federal level and thus made legal in most states. If that occurs, Canadian weedies -- Tilray, Aphria, Aurora, HEXO, and OrganiGram are all headquartered north of our border -- will have free rein to sell their wares directly to U.S. consumers. Under current federal law, they are prohibited from doing so. Momentum is snowballing for federal U.S. decriminalization, and Virginia's move is only the latest evidence of this. While this won't alleviate all the challenges of the marijuana industry, it will significantly improve its prospects. Pot stock investors are right to be enormously cheered by this development. Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018. www.fool.com
NASDAQ:OGI
by AlenCiken
8
Why $ZYNE skyrocketed this weekJazz Pharmaceuticals $JAZZ agreed to buy GW Pharmaceuticals $GWPH for $7.2 billion last wednesday sending shares of fellow epilepsy-focused biotech companies $ZYNE flying. "The acquisition allows Jazz to become a significant epilepsy player by adding Epidiolex, which exited 2020 with sales annualizing at about $576 million despite a challenging Covid environment and ahead of significant growth driven by a tuberous sclerosis label expansion and broad European launch," www.investors.com
Z
by AlenCiken
1
Why $RKDA Skyrocketed yesterdayWhy $RKDA Skyrocketed yesterday There does not appear to be any direct news from the company. But it seems like that there was some coordination by day traders on social media. $RKDA shares were buoyed — thanks to discussions stock trading groups on Twitter and Twitter hashtags, before the market opened. Hemp/Pot play, Similar to $TLRY move from $3 to $50 has monster upside once it launches. Expect $20 + & a multi day runner The other positive factor for the cannabis industry is the effort in Washington to decriminalize marijuana at the federal level.
NASDAQ:RKDA
by AlenCiken
SNDL SUNDIAL GROWERS INC huge upside potentialHere is when i told you that is a buying opportunity on Sundial after the retracement: Sundial Growers engages in the production and distribution of flower, pre-rolls and vapes. It operates through the following segments: Cannabis, Ornamental Flowers, and Corporate. Zenabis Global Inc. said Friday it has entered a revolving credit agreement with a Canadian private debt fund for up to C$60 million ($47 million) that it will use to refinance more expensive debt held by Sundial Growers Inc. (marketwatch.com) If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
NASDAQ:SNDLLong
by TopgOptions
13
Trulieve Declines w/ Cannabis SectorTrulieve lost -$2.79(-5%) on the day with a closing price of $50.96/share. Price saw an 11% swing from high to low today(candle wick to candle wick) with price closing in the upper 50% of the day's trading range. Short-term support can be watched for at the $47.90 level which was the low for the day. A hold above that low is critical going into the end of the week, should that low be taken out price will likely see a further decline down to the $39.26 level which was where the last low in price was made prior to the rally to $60. This represents the last area of strong demand from traders meaning a hold above that level now would indicate that traders are still bullish on price above $40. The daily price candle also closed green which indicates that the short-term momentum behind price remains bullish. The first lower indicator below the chart is the Price Percent Oscillator(PPO). This indicator is currently showing the green PPO line declining below the purple signal line which indicates short-term bearish momentum behind price. Both lines remain above the horizontal 0 level though which is the long-term momentum level to watch. Both lines above the 0 level indicate bullish momentum behind price in the intermediate-term while both lines below 0 indicate bearish momentum in the intermediate-term. The way to read the indicator right now is as it showing a short-term pullback inside of an overall uptrend in price, aka a ‘bullish pullback’. The Average Directional Index(ADX) shows the purple directional line with a recent cross above the green directional line which indicates a short-term shift to bearish momentum from bullish. For the bearish trend to be considered strong, the histogram bars behind the would need to show a series of purple bars that progressively increase in size which for now only shows today’s recent crossover to bearish. A strong reversal to the upside in price tomorrow or Friday could easily flip this indicator bullish again, but for now the ADX is showing a shift to a bearish trend in price. The Traders Dynamic Index(TDI) shows the yellow line((RSI(Relative Strength Index)) in a steep decline which indicates steady bearish momentum behind price. The yellow RSI line has also crossed below the lower blue line which is the lower Bollinger Band of the RSI. This represents price momentum making a 1.618+ standard deviation from the 20-day momentum average(center blue line) and is a bearish volatility indication. In general, you want to stay short or stay out of a stock when the yellow line is below the lower blue Bollinger Band line as the momentum and volatility favor the bears. The yellow RSI line is also testing the middle dot plots at the 50 level which is the center of the total RSI range(0-100). A yellow RSI line above 50 indicates bullish price momentum in the intermediate-term while an RSI reading below 50 indicates bearish price momentum in the intermediate-term. For now the move is to wait for the yellow RSI line to rise back above the lower Bollinger Band before considering this indicator bullish. Overall, price is still looking good on a long-term basis with weakness in the short-term expected. From a trend trading perspective, a move above resistance at $60.91 is needed in order for price to gain traction in the uptrend, while a move below $39.26 would indicate that a new bear trend is likely forming in price. That $39.26 level is the most important to watch going forward if the decline in the cannabis sector continues.
CSE:TRULLong
by PrepForProfit
Tilray Rally As Georgia Runoffs Signal Democratic SenateMarijuana Stocks Rally As Georgia Runoffs Signal Democratic Senate Tilray, Inc. surge on hopes Democrats' win in Georgia could spark US legalization Tilray, Inc. surged on Wednesday following the early results of Georgia’s key Senate runoffs that could open the door to federal cannabis reform. With Democratic candidate Raphael Warnock claiming victory in his race against incumbent Sen. Kelly Loeffler (R -GA) and Democratic challenger Jon Ossoff winning his race against GOP Sen. David Perdue, Democrats took control of the Senate. That fuels hopes that prior roadblocks, including refusal on the part of Senate Majority Leader Mitch McConnell to bring cannabis reform bills to the chamber, could be removed to move legalization efforts forward on a national level. the change of Senate control would catalyze constructive changes for the sector. Democratic control of the Senate, “could help provide better access to capital, alleviate operating headwinds, and help drive industry growth.” more moderate reform could come first, perhaps in the form of a modified Strengthening the Tenth Amendment Through Entrusting States (STATES) Act, which could allow cannabis companies to access traditional banking and financial services and alleviate burdensome federal taxes. “To the extent that the industry is presented with an opportunity to lobby for either of these measures, we would expect a consensus to form around the STATES Act over the MORE Act,” she said. finance.yahoo.com Key to that growth will be the speed in which states that voted to legalize cannabis set up policy frameworks, and at a federal level, which policy proposals receive the largest attention from legislators. potential reforms range from mild banking reforms through the SAFE Banking Act, which would allow the industry to tap traditional financing and banking, to more progressive agenda goals like federal decriminalization and criminal expungements through the Marijuana Opportunity Reinvestment and Expungement (MORE) Act. A combination deal could also be pushed through. With New Jersey legalizing through a ballot initiative this November and New York increasingly looking likely to follow with legalization, according to New York Gov. Andrew Cuomo’s State of the State address. finance.yahoo.com
NASDAQ:TLRY
by AlenCiken
MJ Analytics generates six figure sales increaseMJ Analytics, an Akerna product built on Domo's modern BI platform, generates six figure sales increase Within less than 90 days of launching MJ Analytics, the platform has generated a six figure increase in sales and helped clients reduce manual reporting workflows by 90% through the use of scheduled reports. With a 95% positive product feedback based on recent surveys, MJ Analytics is proving its value as a first-of-its-kind actionable insights product. Since launch, MJ Analytics has: Processed a total of 5.1 million queries Averaged 3.6k queries a day with peaks of 20k queries during month ends Signed up 40 clients for Premium Analytics, through either a trial or paid subscription finance.yahoo.com New Year's Eve Marks Biggest Cannabis Sales Day of 2020 The Christmas holiday period (12/18-12/24) generated $427 million . Traditionally, the Friday preceding Christmas is the biggest sales day of the period. However, this year the Wednesday before Christmas (12/23) saw the most significant bump in sales with a 76% increase in daily sales. Totaling $87.3 million, the Wednesday before Christmas was the third-largest sales day of the year, only slightly behind Green Wednesday with $87.4 million. Previously projected to see depressed sales due to an anticipated decrease in group gatherings and parties as the result of COVID-19 restrictions, New Year's Eve exceeded all expectations. The year-end holiday saw approximately $89.4 million in sales, easily surpassing Green Wednesday and becoming the biggest cannabis sales day of the year. finance.yahoo.com
K
by AlenCiken
SNDL Sundial Fibonacci retracement completedAfter the Tech bubble and the EV bubble now it`s the time for the Cannabis market to shine! :) Sundial Growers engages in the production and distribution of flower, pre-rolls and vapes. It operates through the following segments: Cannabis, Ornamental Flowers, and Corporate. If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
NASDAQ:SNDLLong
by TopgOptions
12
SNDL SUNDIAL GROWERS INC upside potentialAug 13 (Reuters): NET CANNABIS REVENUE FOR Q2 OF 2020 WAS $20.2 MILLION, AN INCREASE OF 44% OVER Q1 OF 2020 Sundial Growers, Inc. engages in the production and distribution of flower, pre-rolls and vapes. It operates through the following segments: Cannabis, Ornamental Flowers, and Corporate. 6/29/2020 BMO Capital Markets Upgrade Underperform ➝ Market Perform target price $1.00 Market cap: 75.147M Net Income: $-204,570,000 If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
NASDAQ:SNDLLong
by TopgOptions
8
Charlotte's Web Holdings (TSX: CWEB.TO) Dec 12, 2019Currently the entire cannabinoid industry is in a downturn. The sky high valuations that these companies have been commanding past few months have clashed with reality, leaving investors scrambling for cover. The whole premise for the high valuations was the high growth rate. However, as recent events in Canada show, legitimate cannabinoid companies still cannot compete with the black market given the high taxes and the costs of compliance with regulatory requirements. Furthermore, with the government allowing private citizens to grow cannabis, a chunk of the retail market has vanished for these big players. Now the competition among the bigger players is among niche and value added products. Coming to CWEB, it's revenue has grown in the double digits but so has the costs. Currently, the stock commands a PE of 213 (Yahoo Finance), which would theoretically take an investor more than 2 centuries to recoup his/her investment (assuming no growth rate). Critics may point out the impressive rate of growth, but the key question to ask: Is the company generating any money? A quick glance at the Cash Flow statement reveals that although CF was positive from FY17 to FY18; however in the TTM the company has spent 44,000K from its reserves. Furthermore, in the company's short life span, FCF was positive only in 2017. Based on the analysis, CWEB would not find a space in my personal portfolio. It seems that the company is funding it's growth from shareholder equity. In the absence of shareholders pouring in money coupled with a negative FCF, the company would find it challenging to sustain its growth.
TSX:CWEBShort
by advisacorp