by Travis Johnson, Stock Gumshoe | December 20, 2019 5:54 pm
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Source URL: https://www.stockgumshoe.com/2019/12/friday-file-bank-of-marijuana-and-much-more/
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Thank you Travis. I wish you and yours a wonderful holiday season!
When you are back with us, maybe you would kindly avail us of your wisdom and share with us any thoughts you may have about investing in China, Mexico and Canada, and post-Brexit UK With trade deals finally being made (and signed) there may be some opportunities in those markets.
A very merry Christmas and a Happy New Year to everyone in this community đ
To Travis,Lynn and everyone you’ve been able to assimilate within the “SG family”:
Merry Christmas and Happy New Year!
Regards,
Frank
Thanks so much for everything the
Stock Gumshoe Family' has been doing this year. (I borrow that expression from frankw17, thanks) Excellent information, honest and humorous at the same time and still a great learning experience after a 9 -year membership. Perhaps I am a slow learner ;-)),SG Family’.but nevertheless happy to have this opportunity! Danke Schön! And a happy holiday season to the entire
Thanks for another fine read, Travis.
Happy Christmahanakwanzika!
Hi. Iâm curious if you have any recommendations for a brokerage that trades international stocks. Thanks in advance
I use and really like Interactive Brokers â the platform takes a little getting used to, but I can trade at low cost in almost every overseas market that interests me (Hong Kong, Australia, most of the exchanges in Europe, Canada, Mexico, etc)
I heard a commentator on China discuss that China is already moving on “6-G” and that huwai (sp?) has pretty much blanketed China with “5-G” and is moving into “6-G.” ?? any thoughts? info ?/
Just an observation…..I thought next weekend is the last weekend of the year…. One more Friday to go. At any rate to you and yours have a very blessed holiday. Oh I see you are takingoff next weekend so it is the last weekend for you. I enjoy your insights and I always followup research and the gobbledygook all the experts put out by going to stockhumshoe to see what an unbiased opinion is. You have saved me numerous headaches once this past year. Be blessed.
Thanks Gumshoe for all the great and honest advise. Happy Holidays To All!!!!!!
The Biggest Pot Lie
Mark Zekulin, CEO of Canopy Growth, appeared on TV the other day. He commented on the companyâs record-high losses for returned products and excess inventory. The company lost $1.6 billion in the past six months⊠3X more than last year.
As you may know, Canopy Growth is the worldâs largest pot producerâŠand one of investorsâ favorite pot stocks. Hereâs what Mark said:
âThere are not enough stores in Canada to sell our products⊠and itâs very hard to take on the black marketâ
In other words, the lack of legal pot stores is Canada is at the root of Canopy Growthâs struggles. Once more pot stores open up, black market competition will vanish. Thatâs a big, capital-L lie.
If California is any indication, access to legal pot wonât disrupt the black market. Quite the opposite⊠it will make it thrive.
It All Comes Down to Price
âOne customer told me, âI love you and I want to support you, but I canât buy all my cannabis here. Itâs too expensive,â â said Jeremy Jacob, co-owner of a Vancouver pot store. Thatâs one of the many stories you hear from owners of the first Canadian pot stores. It reflects the main problem with the legal pot industry.
Legal pot is expensive!
In Canada, you can buy a gram of pot on the street for $5.59. In a legal store, you must shell out over $10.23 for the same amount of pot, according to Statistics Canada.
You see, the government of Canada levies huge taxes on legal pot⊠which inflates its price to practically double that of black market pot. This makes it impossible for a legal producer like Canopy Growth to compete with street dealers.
source: https://www.etftrends.com/thematic-investing-channel/canopy-growth-has-hit-a-dead-end/
Re: Marijuana,
Rather than search out the best marijuana manufacturer/marketer/financier, governments/politicians nationwide are requiring accurate diagnosis of quality of all marijuana products. Revenues from said diagnosis can only grow! Costs from operations are controllable, profit margins should be extraordinary. EVIO positioned for growth with labs both west and east coasts.
Prior to accounting problems resulting from 2019 acquisitions EVIO priced @ .80 to 1.00/share. Those problems now solved. EVIO now at .07 and turning up. Lori Glauser, COO stated: “Sales and revenue growth are stronger than ever. ”
https://finance.yahoo.com/news/evio-inc-otc-evio-addresses-120000126.html
https://www.businesswire.com/news/home/20191218005254/en/
Yes, it’s a penny stock! Nevertheless, recreational marijuana is demanded by the public and generates desperately needed tax revenues. A 10X bagger?
My bias: I’m own EVIO
Travis, Your thoughts please. Thanks, Lee Salisbury
PS I am not a smoker or vaper but do enjoy making $$$