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Blank-Check Firm Silver Spike Soars After Weedmaps Deal mergerWM Holding Company, LLC, the Leading Technology Platform to the Cannabis Industry, to List on Nasdaq Through Merger With Silver Spike Acquisition Corp. The estimated post transaction equity value of the combined Company is approximately $1.5 billion, assuming the $10.00 per share PIPE price and no redemptions by Silver Spike shareholders and provides up to $575 million of gross proceeds through the approximately $250 million of cash held-in-trust by Silver Spike Acquisition Corp. and a fully-committed common stock PIPE of $325 million As a result of outsized demand, the PIPE offering was significantly oversubscribed and upsized, including investment from funds managed by AFV Partners, the Federated Hermes Kaufmann Funds and Senvest Management LLC along with a $35 million commitment from Silver Spike Capital WM Holding’s executive officers will retain 100% of their equity in the combined company, which will have approximately $100 million of cash on hand after closing. WMH has grown revenue at a CAGR of 40% over the last five years and is on track to deliver $160 million in revenue and $35 million in EBITDA for 2020. stock finance.yahoo.com
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by AlenCiken
2
CRON New 2020 High? +Trade Setup (>92% Potential Profits)Hello Fellow Traders, Today we are looking at Cronos Group Inc ( CRON ) on the TSX. As we can see, prices have been correcting after peaking in July around $35. However, the new 2020 high set just recently is only at $11.85. We can see a double bottom printed this year on the daily chart , as well as the bullish falling wedge pattern. With prices consolidating just under the 2020 highs and holding above all EMAs, we can expect additional growth in the near future. In the long run, this could rally to $33 (+200%) or higher. However, a potential short-to-mid term trade setup now could be: Entry: $10.00-$12.00 Targets: $15.00 (+36%) | $21.25 (+92%) | $27.25 (+143%) Stop loss: daily close below $8.50 (-15%) Let me know what you guys think down below and leave a like if you appreciate the analysis. Also, check out some of my other ideas and follow my profile for more chart analyses and profitable trade setups! Thanks for reading :) Price at writing: $11.04
TSX:CRONLong
by PS_TopDollarInvestments
LHSIF (OTC)Nearing the end of a consolidation that is typical to the cannabis stocks, also nearing a legislative tipping point in the USA. Look for a breakout after ballots are counted. IF legislative changes take place in favor of recreational sales or even just medical sales, this will likely go on a run and be uplisted to the Nasdaq. (similar to what took place on GPVRF- Now GP) IF legislative changes take place against cannabis, you can bet this will break down even further.
LLong
by rolledchange
Top Cannabis Stock Picks! GRWG APHA GWPH. So I have a Solid pick in $GRWG $APHA is a great buy right now at the price and with the potential $GWPH is a LONG hold. And strictly equity. I will be adding at key levels. I Dont disregard the favorites like $ACB $CGC and others but I think that these offer potential as well. GWPH perhaps I am biased on because ive been watching this company for a while, but I think this goes higher based off potential and foothold All in all federal legalization will send us flying. Id rather be in position.
GLong
by SimpleStacks
Cannabis Stocks- GRWGI LOVE this company LONG. Unfortunately this is the perfect place to buy and the sketchiest place to buy. With a possible Biden win, cannabis stocks like this one will soar. Two things in GRWG's favor in the mean time is the possible legalization in 5 states. Also, earnings coming up is expected to be a good one. So if we hit all three. Biden win. Earnings hit. Legaliztion. Then i could see a strong run up as this ticker as already see some good volume in the past.
NASDAQ:GRWGLong
by SimpleStacks
6
[ACB] Weed Treasure Map: Still Room to Fall... HEAVEN or HELL? I think next round cannabis earnings will FOMO the industry again. Especially given ACB's last earnings FOMO. We haven't had one like it since (instant 3x Price increase). ACB earnings in particular have potential to catalyze the whole industry inflection even if earnings aren't that impressive. On the grand scheme of things, we're basically at the bottom but yea looks like gravity is weighing heavy on this one. I think we blaze through the sky to hit the green line at peak FOMO around $24, maybe even a small stretch through the clouds and toward the sun.
ALong
by ProfitHarvest
4
[OGI] Weed Treasure Map: Amazing Value... Primed to POP!How would you like to go back in time to 2016 and put money down on OGI before it 5x'd in price? Well now you can for the low price of $1.26... no time machine required ;). I'm in 2.5% at $1.42. Gonna continue building position, dialing in the bottom. TRADE GOALS 1. Double bottom - Completed 2. Mean reversion will raise the price a bit off floor 3. Price will consolidate down in similar pattern as before and then start breaking up nearing earnings 4. Earnings will generate FOMO (the better they do, the bigger the FOMO but I think overall this will be a big cannabis industry inflection point) 5. Price will spike 50% and continue climbing (probably targeting toward the green line to try to push new highs again) 6. Price will continue climbing within channel, possible major support areas (may jump above green and climb faster given proven price history).
NASDAQ:OGILong
by ProfitHarvest
1
Potential Massive Double Bottom. (CANN)Looking at major s&r levels on general cannabis Corp otc pennystock. I will throw a couple of shares in the portfolio on a potential support play. Just a buy and hold small diversification and I'll forget about it. If respects levels we could probably get a pop up towards $1 - $1.25 My indicators are not providing a buy signal, just a potential support play. Sometimes you just feel like rolling the dice 🎲🎲 Longterm hold. Diversify! Never go all in, especially OTC Markets!
OTC:CANN
by UnknownUnicorn2319099
1
Fake out on the Ascending Triangle to the downside?It appears as though Canopy may have pulled a fake out to the downside on an ascending triangle I have outlined in dark blue. In my previous post I mentioned how the RSI has seen bullish support when approaching the green arrows pointing side ways to the right, where I had a question mark in my previous post is now a green arrow coinciding with the others. Possibly a bullish flag outlined in green, the downward sloping resistance keeps getting breached to the upside negating a descending triangle / bear flag.
TSX:WEED
by ScotianBot
Looking for a sizable advance in pot stocks - CRBP to outperformFirst I would like to start by saying that we are looking for a major bottom in pot stocks. Corbus Pharmaceuticals is one stock in the weed sector, which is already showing signs of a lasting low in place near 3.30 and overall leading to the upside along with Aurora and Apharia. The first piece of evidence is the upside break of the descending price channel that has contained the entire bear market since late 2016. Prices subsequently retested the upper side of the channel, which then acted as support to the latest drop. This is another positive sign for the bulls. We view this breakout as the early stages of a third-wave advance in Elliott terms. This implies sharply higher prices towards the Fibonacci cluster into the 18-19 area. Likely stopping point for prices in wave ((3)) are marked on the chart with the wave ((1)) high near 11 a major obstacle. Above there confirms the presence of wave ((3)) and adds upside traction. Disclaimer: This is not trading advice! I am merely expressing my opinion, utilizing the Wave Principle as my main tool. You should always do your own research before risking your hard-earned money. The opinion expressed in this post is for educational purposes only!
NASDAQ:CRBPLong
by ivoxpaco