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Still awaiting reentry for Sundial SNDLIt's sort of at a tipping point and I don't think it has the strength to tip upward. I will probably make a partial reentry anywhere in the circle, then wait for more information. I have it going as low as $.94 but I won't wait that long for my first reentry. If it gets to 94 cents I'll go hard. With legalization on the table, it may not dip so low, but remember that any time a stock makes a really big run, there are a lot of shares out there in the green. Most people like to take profits at some point or another. It's only March, this stock has a long year ahead of it and a lot of time to reach $7 or higher. For now that's my expectation but I'm not rushing back in yet. Oh yeah.. IF it rides above the rising trend line I will have to watch it like a hawk in case it decides to go on a run. I'm not confident in that, but I acknowledge the possibility. I still don't think we are in emergency mode yet. I think we still have this week and maybe next before we start missing out on runs. Later this week we might see some early surges so I think we just need to "stay calm and due diligence" (trademark).
NASDAQ:SNDL
by RickSmash
9
$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
Has EVIO found the bottom?EVIO is an independent 3rd party lab testing company that specializes in marijuana/hemp/cbd analysis. I randomly scanned the QR code on a CBD preroll yesterday and noticed the PDF test results were produced by EVIO. I have been holding EVIO since 2016 or 2017 after extensive research, and I was surprised when I saw the aforementioned PDF. They have signed an agreement in late 2020 with a company that will provide them more testing nationwide. I'm looking for a breakout of this wedge, hopefully to the upside. Twisted Hemp website (for research purposes) where you can find the linked lab results, with the EVIO logo at the top: www.twistedhempwraps.com
OTC:EVIO
by RickSmash
SDNLGrowing safe and consistent cannabis isn’t something we take lightly. Our customers trust us to deliver a variety of high-quality products and to help them make informed decisions. We honour that trust by filling our world-class growing facilities with world-class people - experienced growers, researchers, quality-assurance specialists and more, all experts in the art and science of growing cannabis. I mean...Weed industry is on verge of booming. This bad boy sunk but man honestly, I didn't do the normal research. I know for a fact it's just a matter of time so why not hop in now? I could be wrong but i got the itch about this one....Did a call option for 2023....@ 50 cents. Would go more in depth but in classes. What do you think? Like Follow Agree Disagree!
NASDAQ:SNDLLong
by Redimere_91
MJ about to get highGeneral Explanation of MJ MJ is the first cannabis-focused ETF to trade in the US. The fund tracks an index of stocks across the globe that are engaged in the legal cultivation, production, marketing, or distribution of cannabis products for either medical or nonmedical purposes. The index identifies companies that legally derive more than half their revenue from cannabis-related activities. MJ also holds stocks of companies that trade or produce tobacco products, fertilizers, plant foods, pesticides, equipment for cannabis or tobacco. The fund initially did not include US companies due to its prohibition at the federal level but changed after new legislation. The index is reconstituted and rebalanced quarterly. Prior to Dec. 26, 2017, the fund was called the Tierra XP Latin America Real Estate ETF and tracked an index focused on Latin America real estate companies with the ticker LARE. Before Feb. 9, 2018, the fund traded under the ticker MJX. Technical Perspective: -We can see that the bearish trend From September 2018 - March 2020 has been broken. The price found its bottom on 8.67 -After breaking the descending trendline, we had a strong bullish movement towards 34.50 and, after that, a 36% correction to current levels -We can see that we have a huge support zone between 23 and 25. If the price stays above that level, we can take it as a good signal of buyers in the zone which eventually can push the price higher. -We consider that if the price reaches 27.5, that will be a confirmation of the bullish trend, and we expect to see a movement towards the next resistance zone at 39 - 40 -We should pay attention to 32.5 as an inner resistance zone that the price has to break before reaching our Target; that would be a smart place to protect positions. As a final curiosity, we will leave here the current 10 top holdings of this ETF / % of each stock / ticker / shares held / Market Value USD APHRIA INC 10.32% APHA 9,686,494 $194,407,934.58 GW PHARM-ADR 9.64% GWPH 844,511 $181,569,865.00 TILRAY INC-CL 2 7.48% TLRY 5,033,560 $140,839,008.80 CANOPY GROWTH CO 5.86% CGC 3,099,126 $110,328,885.60 GROWGENERATION CORP 5.50% GRWG 2,044,958 $103,515,773.96 CRONOS GROUP INC 5.42% CRON 8,944,741 $102,059,494.81 HEXO CORP 3.98% HEXO 9,655,518 $75,023,374.86 VILLAGE FARMS IN 3.90% VFF 4,469,612 $73,525,117.40 SCHWEITZER-MAUDU 3.66% SWM 1,446,363 $68,991,515.10 VECTOR GROUP LTD 3.54% VGR 4,639,762 $66,719,777.56
AMEX:MJ
by ThinkingAntsOk
2
IIPR (Weed REIT)What more needs to be said. This company states that they are the first of its kind am I am blown away by their portfolio. Of course financials are great and within this year they have been active in their growth opportunities! Nice dividend increase from $1.17 to $1.24! Financials are impressive to a degree. I see room for growth. I bought 1 share and will buy dips as I go. The weed industry will up rise again...However, I'm playing it smart because weed is everywhere but who has the space availability and facilities needed for expansion? Hmmm...IIPR does. What do you think? Like, Follow, Agree, Disagree!
NYSE:IIPRLong
by Redimere_91
1