Nothing infuriates the retail investor more than holding a stock with faith and hope as it drifts downward for months, with the company not doing anything to halt the slide, only for said company to then do a huge bought deal financing at the low price, diluting existing shareholders, locking in that low price as a ceiling going forward, and watching wealthy insiders just chew up cheap paper – and get half warrants into the bargain.
Golden Leaf Holdings Ltd. (GLH:C) Doubles Down on split aces – Secures license to sell weed in Las Vegas.
Yes, I know you can’t double down on split aces, but Golden Leaf Holding Ltd.’s (GLH) latest announcement is good news for the little stock with big plans. Combined with the previous announcement earlier this month of a Reno license, GLH now has access to the two biggest resort markets in the state.
Aurora (ACB:C) hires new CIO: Remember kids, IT isn’t just a scary clown, tech makes companies float.
Aurora Cannabis (ACB:C) announced Darryl Vleeming would be their new Chief Information Officer (CIO) today. He’s got solid bona fides with a few years under his belt at Capital Power Group, and the press release (which we have here) has the usual puffery about his charitable works, etc.
The first notable thing I heard from a big markets guy when crapped out mining companies started turning into what was then crapped out weed companies back in 2014 was, “What happens now means nothing. It’s what happens when the booze and pharma companies start looking for acquisition targets that matters. Until then, we’re just trying to create the juiciest target.”
The “value proposition” of new tech companies often involves projecting a hologram into the future: we are going to make electric cars (Tesla – TSLA.NASDAQ); we will turn digital chit-chat into an ad platform (Twitter – TWTR.NASDAQ); let’s go destroy the taxi industry! (Uber).
A couple of online pieces I read this weekend really illustrated the danger of hype in blockchain investment. There’s no doubt this is an emerging technology with the potential to change money markets, security, banking and more. I just want to make sure we’re not all waving our hands screaming “Go, Lemmings GO!” as we all run off a cliff.
According to a recent Gallup poll 64% of Americans support marijuana legalization. The pro-pot contingent has doubled in the last 15 years.
The winds of change are blowing through La Belle Province, and it’s blowing in the scent of legalized cannabis. You would think Quebec would be relaxed around weed, with its relaxed liquor laws, and erm, open society. Surprisingly, there’s a very puritanical streak also running through society around drugs.
Today I’ve decided to take a quick look at the Virtual Reality ( VR ) market in Canada with some ideas on where investing might be a good idea, and what is essentially vapourware.
Just bumped into Quadron Cannatech (QCC.C) CEO Rosy Mondin in a downtown food court an hour ago, and had a great conversation (as ever) about all things weed business.
On the 17th of this month, we spotted a stock chart trend at Berkwood Resources (BKR.V) that we didn’t like. Berkwood appeared to be doing everything right, but into every good piece of news came hard selling, and on days with no news, that selling kept coming.