StockFetcher Forums · Stock Picks and Trading · Pot Stocks<< 1 2 >>Post Follow-up
graftonian
1,089 posts
msg #144412
Ignore graftonian
8/15/2018 9:41:00 AM

Constellation Brands sinks $4B in pot company

https://www.thestreet.com/investing/stocks/here-is-what-constellation-brands-sinking-4-billion-into-canopy-growth-signals-14683820

graftonian
1,089 posts
msg #144424
Ignore graftonian
modified
8/17/2018 11:37:29 AM

CRON. Is it starting a move? How about ACBFF?

graftonian
1,089 posts
msg #144427
Ignore graftonian
8/17/2018 1:59:33 PM

I'm following 25 pot stocks, 19 are up today.

Mactheriverrat
3,131 posts
msg #144429
Ignore Mactheriverrat
8/17/2018 10:50:24 PM

CGC wouldn't happen to be one of them would it?


graftonian
1,089 posts
msg #144430
Ignore graftonian
modified
8/18/2018 11:07:09 AM

Yup, CGC is the company that Constellation Brands (Corona beer and others) invested in. I had $27.50 in mind for a buy, but the huge gap up on 8/15 put it out of reach.
The pot stocks I an currently holding are: CRON, TLRY (an IPO, the first pot stk on the NASDAQ), MJNA, POTN, and MJ (an ETF)
POTN is a strange bird, reported 137% year over year revenue and took a nose dive. Go figure.

https://www.marketwatch.com/press-release/constellation-brands-to-invest-5-billion-cad-4-billion-usd-in-canopy-growth-to-establish-transformative-global-position-and-alignment-2018-08-15-61843024

graftonian
1,089 posts
msg #144431
Ignore graftonian
8/18/2018 11:22:05 AM

This is stale news, but proves a leopard can change his spots:

http://www.marketwatch.com/story/john-boehner-is-joining-a-marijuana-company-2018-04-11

Mactheriverrat
3,131 posts
msg #144432
Ignore Mactheriverrat
8/18/2018 11:42:43 AM

I seen that about CGC news article.

I myself do not mess with any OTCBB as I have been burned in the past playing the OTCBB stocks.

I could take a position on CGC as it heads towards its resistance line. The more times a price hits a resistance line the weaker the resistance gets. Watching.

graftonian
1,089 posts
msg #144433
Ignore graftonian
8/18/2018 12:05:43 PM

How did I miss CVSI back in July?

johnpaulca
12,036 posts
msg #144434
Ignore johnpaulca
8/18/2018 2:11:39 PM

Think about the risk of growing a crop. I was in a scientific group that grew cash crops using soilless media(NFT systems). One bad crop..you get the point.

four
5,087 posts
msg #144435
Ignore four
8/18/2018 3:46:30 PM

https://www.washingtonpost.com/business/2018/08/10/congress-is-about-legalize-cannabis-just-not-kind-that-gets-you-high/?utm_campaign=01befefd65-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_source=Daily%20AR&utm_term=.b57db260d859

In Kentucky, in particular, hemp has been touted as a panacea for cratering tobacco sales and falling crop prices. Growers there have pinned their hopes for future profits on it. But as legalization looks ever more inevitable, the question now is whether industrial hemp can deliver on decades of hype and promises.

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