Lamb - that loss relates primarily to non cash items (stock
issued etc) and is old news (I'm more interested in what to expect
in 2019 and beyond). Thus, I have a spec position do to the
evolution of the industry and new prospects for the company as they
transition to cultivation and processing. I suggest you
examine ALL such Cannabis plays in depth (do some due diligence)
and you will notice that even the larger players are losing money
as is the case in emerging industries. Clearly, this is an early
stage speculation but I want some exposure to this sector and SLTK
is 1/10 the price of most Canadian and other US plays based upon
revenue. As I've stated, you are welcome to phone to discuss more
in depth and my advice is to avoid if it doesn't match with your
objectives. As I've stated numerous times, best to
wait for price action to reverse prior to adding as a
trade.
Roger - just like farming the EFFICIENT growers will prevail
(not mom and pops). It takes a substantial investment and
EXPERTISE to become an effective grower. The big market is
for Cannabis Oil which needs to processed.
Yesterday, a group announced that they plan to build a $7.5
million dollar single dispensary store in Las Vegas.
Roger - you forgot one thing. You must have a LICENSE (very
limited numbers awarded) to grow it legally unlike flowers.
Last comment and back to trading
I don't think so. Does everyone grow their own food?
Some do, most don't. The fact that some individuals
choose to have vegetable gardens hasn't dampened demand. Most
people don't have a green thumb, aren't set up to grow cannabis,
don't want to invest in equipment, supplies, etc., and prefer to
spend their time doing other things.
SLTK proxy today - two
Posted by lamb on 25th of Jul 2018 at 10:29 am
SLTK proxy today - two man show ,huge loss for 2017 compared to 2016 ,two Chinese suppliers, seems bleak, why are you so positive about stock
Lamb - that loss relates
Posted by steve on 25th of Jul 2018 at 10:44 am
Lamb - that loss relates primarily to non cash items (stock issued etc) and is old news (I'm more interested in what to expect in 2019 and beyond). Thus, I have a spec position do to the evolution of the industry and new prospects for the company as they transition to cultivation and processing. I suggest you examine ALL such Cannabis plays in depth (do some due diligence) and you will notice that even the larger players are losing money as is the case in emerging industries. Clearly, this is an early stage speculation but I want some exposure to this sector and SLTK is 1/10 the price of most Canadian and other US plays based upon revenue. As I've stated, you are welcome to phone to discuss more in depth and my advice is to avoid if it doesn't match with your objectives. As I've stated numerous times, best to wait for price action to reverse prior to adding as a trade.
This may seem obvious, but
Posted by roger on 25th of Jul 2018 at 11:35 am
This may seem obvious, but once its legalized wont everybody and their cousins be growing their own? Bound to damper demand.
Roger - just like farming
Posted by steve on 25th of Jul 2018 at 11:50 am
Roger - just like farming the EFFICIENT growers will prevail (not mom and pops). It takes a substantial investment and EXPERTISE to become an effective grower. The big market is for Cannabis Oil which needs to processed.
Yesterday, a group announced that they plan to build a $7.5 million dollar single dispensary store in Las Vegas.
I equate it to how
Posted by roger on 25th of Jul 2018 at 12:02 pm
I equate it to how many people grow flowers and plants in and about their homes. Just about everybody. Minimal cost and people enjoy it.
The oil aspect is a little more complicated but probably not much. I'm skeptical about the big numbers being thrown around.
Roger - you forgot one
Posted by steve on 25th of Jul 2018 at 12:07 pm
Roger - you forgot one thing. You must have a LICENSE (very limited numbers awarded) to grow it legally unlike flowers. Last comment and back to trading
that figures
Posted by roger on 25th of Jul 2018 at 12:10 pm
that figures
Cannabis shops in Washington State
Posted by EdZ on 25th of Jul 2018 at 11:48 am
Cannabis shops in Washington State seem to being doing very well since it was legalized. They are all over the place.
I don't think so. Does
Posted by RichieD on 25th of Jul 2018 at 11:45 am
I don't think so. Does everyone grow their own food? Some do, most don't. The fact that some individuals choose to have vegetable gardens hasn't dampened demand. Most people don't have a green thumb, aren't set up to grow cannabis, don't want to invest in equipment, supplies, etc., and prefer to spend their time doing other things.
Thanks Steve hope nothing happens
Posted by lamb on 25th of Jul 2018 at 10:51 am
Thanks Steve hope nothing happens to Lein he wears an awful lot of hats.
Lamb - here is just
Posted by steve on 25th of Jul 2018 at 10:57 am
Lamb - here is just one example:
GGC Canopy Growth Q4 EPS $(0.31) vs $(0.08) In Same Qtr. Last Year, Sales $22.806M vs $14.661M YoY and trade for over $10 Billion in Market Cap