This one’s not exactly a tightly-controlled secret (though the ad makes it sound like one), but we’ll put the Thinkolator on the case anyway… we’ve gotten lots of questions about the latest marijuana pitch from Jimmy Mengel, who is advertising subscriptions to his Marijuana Manifesto service ($1,999/year) — seems that plenty of people want to know what his secret “Apple of Pot” stock is, and, well, we aim to please.
The general push of the ad is that you have to be invested by July 1, mostly because Mengel thinks that the pending move to full recreational legalization in Canada on that date is going to spur huge investor interest and open up new markets and get everyone excited… but this isn’t a Canadian pot stock, so the impact is indirect. (And yes, Canada is moving to that full legalization this Summer… though there’s plenty of talk about it being delayed meaningfully beyond that July 1 date, presumably both because of implementation complications and legislative foot-dragging.)
This stock apparently has some connection to the “Silicon Valley of Pot”, which is also called the “epicenter of the cannabis movement” and referred to obliquely in a few other ways, and that’s clearly a reference to the historical center (for last 50 years, anyway) of the marijuana cultivation movement in the US, Humboldt County and neighboring areas of Northern California.
Here’s a little snippet that covers his big picture argument:
“Canada will become the first ‘rich’ country to make pot legal. Not just decriminalized or unenforced but 100% lawful.
“Investors worldwide — and especially investors here in the United States — will be keeping a close eye on how it unfolds…
“They’ll see how early investors in legal marijuana firms stood to book gains as high as 11,084% and how new millionaires are minted in the process.
“You can bet when this happens, they’ll turn their attention to the United States…
“Where the marijuana market is set to top $35 billion by 2020…”
And then we get into the specifics about the stock…
“I say the Silicon Valley of pot is the most exciting marijuana opportunity I’ve ever seen — specifically the secretive company working on Project IVXX that’s been dubbed the Apple of Pot! ….
“Like Apple, it’s working on a hush-hush project, called Project IVXX.
“It took me two weeks to persuade the investor relations manager to get me on the phone with the CEO…
“Even then, it wasn’t easy to get the information I needed. But I did. And for the first time in financial publishing, I can reveal exactly what Project IVXX is…
“But before I go on, you should know that I have permission to share the details with you today. What you’re about to hear is akin to having insider information on the iPhone before the public knew it existed.
“Ready?
“Project IVXX is a program for creating and producing proprietary blends of marijuana.”
That seems a little silly — who would have a secret program for producing proprietary blends? Every manufacturer is trying to develop consumer-focused brands in marijuana, certainly all the pot companies are aware that it wasn’t the generic tobacco farmers who became wealthy, it was the developers of the brands like Marlboro who created consumer demand and loyalty (addiction helps with the loyalty, of course).
That’s what has mostly kept me out of marijuana investing, the notion that the plant itself is relatively common and easy to grow, and that the profits in the end are likely to go to whatever the most powerful consumer brands end up being… and we don’t know that yet (and I don’t know the industry enough to identify an up-and-comer brand with any great insight).
And of course, as we’ll see in a moment, this “Project IVXX” isn’t secret at all, it is actively marketed by the company both to customers, as a brand they’re trying to get distribution for, and to investors, as a distinguishing aspect of the company. More on that in a moment. Other clues of import?
“The company has developed and acquired a custom state-of-the-art extraction lab — reminiscent of Apple’s own bleeding-edge tech. It lets the company produce the finest grade marijuana that’s tailored to customers’ needs and feedback…”
OK, what else?
"reveal" emails? If not,
just click here...
It actually has some revenue…
“Between 1Q 2016 and 1Q 2017, it boosted revenue by 340%”
And they also have a New Jersey business, which might provide some upside…
“… you should expect legalized recreational cannabis in New Jersey very soon. And once again, its proximity to New York will be a massive boon.
“Our company — based in the heart of the Silicon Valley of pot — already has huge environmentally controlled greenhouses in New Jersey.
“Right now, they’re used for growing herbs and vegetables, but that could all change with pot laws. Meaning, not only is this company positioned in the biggest market on the West Coast, California, but also in one of the largest on the East Coast, too.”
So… hoodat? This is, sez the Thinkolator, Terra Tech (TRTC)… again, not super secret, since the real name of that secretive “Project IVXX” Mengel talks about is, well, IVXX. Which, in case you’re wondering, is a roman numeral interpretation of “420,” the longstanding shorthand/slang term for marijuana.
And yes, IVXX is effectively an attempt at a high-end brand in marijuana, with selected hybrid flowers and a variety of other products that, yes, are produced in what they call their “innovative and extremely advanced extraction labs.” They do have growers in Humboldt County, though Terra Tech itself is headquartered near Los Angeles.
Terra Tech also has a second brand in marijuana, the Blüm Medical Cannabis dispensary that has a couple locations in Nevada and California… and yes, to confirm the match they also own the large Edible Garden greenhouse in New Jersey, which seems to be a successful hydroponic vegetable grower that they say they’re actively expanding to other markets as they try to build a grocery brand, though it seems quite likely that they would immediately ditch Edible Garden if New Jersey law changes and they have the option of generating 10X the return with marijuana growing in that same facility (though they’ve been talking up this potential for four years, so I don’t know what the actual prospects might be).
Terra Tech does indeed have pretty good revenue growth, as well — though the one quarter they call out in a graph in the ad is their best quarter (no surprise there), with 340.8% year over year revenue growth in the first quarter of 2017… in the most recent quarter they grew revenues at 46%. The next report should be the year-end 2017 earnings, which will come out right around the end of March (it was March 31 last year), and investors will certainly have an eye on those top-line growth numbers — but the bottom line is not all that likely to be meaningful in the near future.
Terra Tech’s income statement calls our attention to the fact that this is a high-growth business, but also that it must be very competitive, with everyone trying very hard to gain a toehold, because the spending growth is extraordinary. There is no particular indication that the business is getting to be big enough to have any economies of scale at the product level, their cost of goods sold has generally grown just as fast as their revenue, but in the September quarter they did show some signs of growing into their SG&A spending, so things are moving in the right direction.
I’ll be curious to see what they say in their next conference call, they do have their license to sell recreational marijuana in California, so if they are able to get a toehold in that huge business with their Blüm dispensaries and/or the IVXX-branded products they could ramp up sales growth pretty dramatically — I have no idea what the competitive landscape is like in that consumer pot business in California, but there are at least hundreds of competitors so there is certainly a challenge in ramping up to try to take share. I do like the focus on that IVXX brand — it’s hard to see competitive artisanal dispensaries being leveraged into huge businesses, but you can imagine a packaged item like their IVXX joints or CBD oils or vape cartridges building brand awareness and a following. Doesn’t mean it will happen, but it seems possible.
So that’s an interesting one, it obviously carries all the regulatory risks of other US marijuana companies, which in the eyes of Attorney General Sessions probably includes “all of them” but, to my mind, particularly puts those whose business is predicated on a big boom in recreational marijuana at elevated risk (if there’s to be more legislative compromise, medical marijuana is far less controversial), but Terra Tech’s early brand-building efforts do catch my eye… and it’s not a micro-size company but it is quite small considering the possible eventual size of the legal recreational market.
Whether you think that’s worth their current $230 million market cap, of course, depends mostly on how active your imagination is — and you probably do have some time, assuming they don’t have a profit bombshell in their next earnings report, because their current pace of spending means they should be raising money again pretty soon with more equity sales, which tend to depress the price at least temporarily… and if they’re really trying to ramp up spending to take meaningful share of the California market, I would assume that the next equity offering will be a big one. You can see their latest investor presentation here if you want more of an overview of the company.
So there you have it… the so-called “Apple of Pot” is Terra Tech, and you can make your own call about whether the price makes sense given their financial performance and their market opportunity. So go forth, researchify to your heart’s content, and let us know what you think with a comment below… maybe we can all make each other just a little bit smarter.
What do you think about the fact that this stock has struggle for years?
I weigh insider investment with the risk.
I’ve been looking at iipr a reit and medff is well positioned in canada
I’ve invested in Innovative Industrial Properties as well, fairly low-risk compared to most marijuana-related names (though lower upside as well, of course) — past articles about them can be found by clicking the green “#topic” link below.
I have IIPR, a friend was looking for an indoor large building to practice baseball in the early spring. non available all leased out to grow operations.
Patience needed here, I don’t smoke anything, but what do I know?
Pending legalization changes everything for everybody.
Chet,
What are you referring to that terra tech has sold off .?They are far from my favorite of my holdings this which may be the final round of marijuana hype profits but they can do absulatly nothing from today foward and they will hit 1.00 just curios what your referring to specifically?
roberthebel, $TRTCcheck the last two submissions from Chet at the very end of this thread……RS reference and TRTC latest news release.
Yes…TRTC.
They RS in the am.(13th)
I liked them after you mentioned them.
Picked up 1k shares @.28 and had staggered more buys down to .20.
I considered myself lucky to get out today @ .255…lost 30 bucks.
“Sometimes I lose sometimes I win.
You know I call for the shape I’m in.”
(Ya noticed they spiked it back up to .28 on the last trade of the day? Greedy bastards!
LoL
I think it was a 1 for 25 split those $.03 add up, I reckon?
I Bought just 1,000 shares @ $0.175 just to open a position. They are $0.265 today. There 2 Las Vegas dispensaries ran out of weed, the first few days of Legal Pot, in Nevada. Lines went around the corner.
Also for the cautions guys it was a pain signing up for a different broker backbthen when hmlsf atf I forget what the ticker was when I bought it last spring at 7.00 a share I am not saying it’s not going to make you double up at Keat when the magic day in Canada approaches but the nyse always starts everything higher than every other foreign stock exchange like when they came out with there own version mpx till they changed the etf ticker at 30 bucks is a perfect example. I put my cash in already back then but if I had more to put in I would drop another 10 grand in it at its current price for sure impossible for that to bring back anything less than 200 Pct two days after legal vote in Canada passes and of coarse I’m bailing out then switched it over to my straws account not sure if you can put HCR it there yet just know you can cash it out so I moved it over.. a lot of people asking advice and I’m giving you the best I got i’ve spent 2 hours every night since the first vote in Canada for medical but feel free to ask I can only tell you what I’m in this time around besides the originals I decided to run with till this summer over the years I have been playing with house money since I pulled my first 75 grand out of a 15,000 invest ment excluding the etf. I still don’t get the guys that don’t get it and think it’s like a real stock game yet with no banks no nonsence. But now that shopfly is in the game big time and canopy finally is legally able to admit they did have start up from a bank and the Canadian banks aren’t going to hide behind holding companies that much longer which is a shame wheaton is my best friend steady the whole ride. Aurora is the only big boy I would still jump in fresh under 9 but hurry up as soon as the merger number are done mid month the stock has to end up at the price they paid the canna Med share holders around mid 12s and they are Global which is huge if they grow a pair and jump in the USA they will be the most i’ve made hands down getting in at low 1.35 back then and patiently waited and I still am the merger / friendly reverse take over slowed their stock value down as well as them buying out but they hit the jackpot with the original number 2 of the big boys in Canada. By all means I have no problem sharing what I know and I had no stock experience at all before thisexcept when I bought SHOP at 85.00 the best never lost a night sleep 10 grand I ever spent and when somehow they jumped to the center of the Canadian market , that’s when I knew I got this and actually enjoy reading every night on. Which another heads up BEWARe of what you read since these pot stocks can’t even advertise they have been paying g DMO and others to paint pretty pictures that are lucky to be half true and even the legit ones were bad when corona bought into canopy that was bad for myself and Other canopy originals they own 10 Pct they didn’t lend them or invest in them they bought 10 Pct yet it read evenly the real guys like Forbes buy now and hold at30 bucks and that’s because Forbes thinks this is like the corrupt stock market it’s not different rules in everyday hard workering peoples hands . So yes no doubt Aurora right now prices where they are if you are looking for a easy 100 Pct 8 UCLA comparried to 20 bucks sorry canopy Aurora is in the way right past you unless they sell out like you did to c.b good luck everyone sorry my typing stinks but hope it makes you some money
Hi Robert, what stock did you say might make you 200% a couple days after Canada legalization? what is the symbol?
That’s a long list all depends what price range tour at? A easy one is cbwtf I live held them the last three rounds I opened multable accounts so I can hold them at .60 cents and be able like this time jump in anywhere at 1.25 and below and they will hang around until movement but will hit 4.00 this time around with no doubts. A lot will be changing so I’m going to be pulling out on 10 of my 12 holdings I’m carrying for this final round. There are a lot of no brainers depend if you are looking at companies like emerald that if you jump in at 3.00 they will make money and move the entire process up to the date . Depend what your looking to do. Give me a idea about what dollar range you have for one listing and I will give you a few
If you pick 9 out of 10 that you bought in anywhere close to where they dropped to ther slightly higher that normal you will do 200 Pct on 9 and a half of them if you can deal with the boredom inbeteeen then and the month before you will be kicking yourself for not putting in the extra you thought about. Give you a few easy ones at April 23 2018 closing prices give or take a nickle or dime . Future farm liberty health science and it’s getting a little late for a really no brainer but they will make another dip to 1.25 set up a gtc this is the first year that 75 Pct of there 50-75 Pct of all profits from the large turn key business they get payments on allowing them to sell everthing from pot to greenhouses for a cost of zero they will have the best no brainer ride this year even if you didn’t grab them last November at 60 cents or so the worst wheaton could do is 200 Pct future farms and liberty health science lick them up on Monday and forget them until the month before and you will be closer to 400 then 200. Two under a dollar no brainers.
They ran out of pot because they were the only company remotly pprepaired for the hype. So saying terra teck was the reason for the shortage doesn’t make sence they put limits on cultavtion and they are the only company that grew the limit which they learned you can limit before you know the demand.. to many people are hung up on California . California has been doing this for a very long time and have made there own rules along the way but know that legal is here there killing companies like canna royal because there starting to close down all the popular places because they won’t follow the rules and laws especially when they sell there own plants but not having companies like Evio that have to test before it’s sold that goes for everyone it cost a few bucks but if you eat it smoke it or swallow it the fda and others need to be able to track the seed till. It ready to be sold as a oil plant whatever otherwise good luck with recalls if people get sick from a product. They closed 50 Store last week and they just re opened half but closed down others . Plus in the end most will grow there own too expensive in the stores basically California is the biggest black market out there and I’m not complaining about the money I have made but all cash means 50 Pct skim off the top they will be the biggest legal mess after the summer. But you know you can have never made a profit in 5 years but the same stock can’t do 250 Pct return easily. So terra tech has a ways to go but I would take all the locations and property locations of any USA company hands down the yuppies running it got spanked can’t sell off anymore shares hopefully they start to play nice
Anytime the ad tempts you with a “secret” this or that, you can bet it’s certainly no secret. If it was, then nobody would know about it. Since there are now hundreds of baby pot stocks that are being pushed, you need to collect a basket of 20-30 in the hopes of having one or two big winners. None of these guys know which ones will hit it big. All they are trying to do is sell expensive subscriptions filled with hope and dreams. Guess who will profit even if the stock doesn’t?
Hey y jack in a friendly way these aren’t stocks and no grand illusions that any are worth more that Apple but as long as you don’t buy at there high or still back on there way down from January there are dozens some that still haven’t made a penny profit yet paying off the crazy loans they got stuck with if you did a tiny bit of reading and any of them built onto or got aboard the extraction oil game it’s impossible not to make 100 Pct on 75 Pct of any of the smaller companies if you wants the stocks to start moving a little earlier than take advantage of the gifts aphria and Aurora are giving away only because of a take over and a buy out of one of the biggest and one of the more profitable companies they scoopeds up Aurora starting price is just about 12.90 the price given to the canna Med share holders once that happens neither will remember what being at under 10 dollars feels or looks like until the earliest in the fall although I would sell off the first time they drop more than a dollar a week after either vote . If you would see it for what it has been a couple Pct to 20 Pct of business related gains and 200 Pct minium to follow into this them most promising final two big votes on top of each other buy a couple grand on a future farm orbliberty healthy science at April 23 prices if the Aurora or alphria big numbers scare you when canopy started to move from 18.75 you missed them the other 4 can make 100 Pct a joke in a day or two leading up to the couple weeks before and the day or two of and after will make you wish you understood this is nothing resembling anything that has ever took place and it will disappear even quicker when the hype is gone but that makes it easier if you don’t put your net on any of the four o hope you choose correctly it’s a ground ball has been since the first vote a long time ago. Best of hope that you choose to listen.
there are way better choices
way better choices
I Bought 1,000 shares of TYRTC @ $0.175, just to open a position. They ran out of Product at their 2 Blum Dispensaries, in Las Vegas, during the first couple of Legal Recreational Marijuana, in Nevada!
I know there are many penny stocks like this, also there are many ETFs. I partially agree with yukonjack ( see the comment above). However, if you want to make a lot of profitone should buy TRCT. At the same time I came across a similar stock, KSHB and compared with TRCT. I liked it though the price isexpensive with PE:952.
Mr. Ronzilla what do you think?
KSHB. has ACBFF as a customer so there is some traction there but its not really a pure pot play. As a container manufacturer they have the advantage of being a ‘real’ company in the eyes of the law and banking regulations. My ‘indirect’ pick is ADVT. They are Califonie based and are operating at capasity now. With more machine in the pipeline and triple digit profits expected in the coming quarter they are my best bet going forward now. So much so they are up to 8% of my portfolio now.
TRTC …no edit option
I bought 4000 shares from a company at o.12 a share and all of a sudden I ended op with 160 shares at 1.92 a share on my portfolio. Can they do this without letting me know in advance? is this Legal? Does anyone know.
Sounds like a 25:1 share consolidation — sometimes called a “reverse split”. Yes, generally legal and doesn’t mean anything, you still own the same percentage of the company as you did the day before… though reverse splits are sometimes part of a death spiral for penny stocks if they’re otherwise in trouble or having difficulty raising money or meeting the minimum standards for their stock exchange listing.
Thank you.
LoL…welcome to pennystocks Maryanne!
At the first hint of a reverse split I immediately dump all my share and NEVER look back…ever. Everytime I have in the past…EVERYtime.
The only time and I do mean the ONLY time I will consider holding my shares is when they ‘reverse split’ to qualify for the rules of a larger market. Individual markets have different rules for minimum share prices over time.
OTC stocks, especially pink sheet listed ones are as close to a roulette wheel as you can get…only…with fewer rules.
I never invest more than a big night out on the town with my wife, down at the local cassino.
With that said, many millioneres have been made with careful DD, especially with regards to the reputation of the managemnet team.
One of the main reasons all the Canadian pot stocks are pulling back is uncertainty over future profits. ALL of them are currently relying totally on equity backed financing. Every day that legalization is pushed back the earning to justify the inflated stock prices get further away.
Most of them don’t have a P/E because there ARE NO EARNINGS.
When all you base your valuation analyisis on is ‘possible’ future earning you are speculating in its purest sense of the work.
As much risk as you can have.
What happens when they run out of time and shares?
Churn! They reverse split and reissue billions of new shares and start selling to the nieve and unexperienced…or folks like you and me apparently! LoL
Another helpful hint…name changes often come with a RS. If you are looking at a company that is going to make you rich selling pot you might want to know if they, just last month, were a diamond mine run by a guy with no mining experience who races cars in his spare time. (Read that guy who ran the CMKM died… I hope it was slow and painful!)
I bought 10000 shares of signal bay they did a reverse stock split and I ended up with 10 shares, snd it is now EVIO I think it should be investigated.
Of coarse it’s legal finding the bottom of track has been adventure for the first time giving them a. Shot in the marijuana portfolio they really are making it difficult haven’t lost anything but time but finding their bottom should still pay off nicely and in my option is well worth the effort future farms the mini version did 327pct for me with hardly anything in place but hang in there this is going to be the most complicated and longest running of the hype Pct of the Gains and that has been the most profitable start to finish from when this started to what should be the final worth while round and time to close the extra accounts brokerage accounts to keep all the long term from round 1 and two prices that have been keeping people up at night but will be the single most profitable experienced in most peoples lives.
Yes terra tick is jimmys pick you can grab it now for .25 a share they hopefully will start paying off finally from their Vegas investment don’t listen to population sizes that much when it comes to Vegas all the sin stocks come into effec you can’t loose money if you get in at a quarter they are still running and making small profits off all the land with greenhouses and without from regular produce you have about 20-40 days before the hype will drive this up at least to .75-100 but if they speed up in nj before the hype date this can do 2.50 easy and up 20,000 share if its do able you will end up happy I did 200,000 at .24.88 knowing there is no possible way to get hurt this is a easy one guys and gals just be sure to bail your investment out of pocket one to two days after Canada passes the laws don’t get sucked in to they won’t take effect till the summer safe easy money you will kick yourself on this one California is really slowing down this stock because they have really been legal for a long time all the stocks that invested in California companies because of population know that California is playing by there own rules until they clean up the laws where every plant has to be tested before sold they will stay down till the hype date if they get California under control terra tech could do 10.00 for the month leading up to the date just understand people have been growing there own for ten years and it better than any pot in Canada even otc aero I believe is ticker they sell a grow your own kit which will eventually take a big bite my Rec. Is go with the companies that concinteate on the oils they are the big bucks can’t do at home and will be the biggest market if all and remain that way from here on in.
Hope that help any questions feel free i’ve been playing the magic date games since the beginning and have done well. A quick heads up vbio / sell asap they lied about a patent they held and will be dropping soondont believe anything you read about them trust me . The best affordable patents out there are 22nd century lower the nicotine as well as the which eventually fda will be mandating big tobacco to lower their levels because of addiction. I got in about 50 cents to high but doubled up just to split the difference it will more than double the current price on the legalize date if your looking short turn they all do that at the very least most will still drop more don’t think your missing the boat when you feel they hit bottom sometime later this month buy the right ones and the sky is the limit even a wrong pick will double easy money.
Rob hebel
roberthebel…please tell a little more about the new puntua tion mark….New on the mkt I believe ?
That was a very long sentence.
my question to roberthebel is….after Canada legal date…how long do I hold little boy stocks????
Still think terra tech is a steal @ .25?
Where’s the apology for that call?
Talkin about what you think or what you are doing but I dont think anyone here is licensed to give investment advise…did no one notice they were out of authorized shares? Did you notice?
No offense but no punctuation makes your words look like gibberish too. I’ve stopped reading what you write twice because it doesnt help.
I find it difficult to read once. I’ve found it’s easier to converse when the other parties involved can understand you but then, suit yourself.
right now the best MJ stocks are CRO,CBWTF,TWMJF
I purchased twmjf at $12 and it tripled in three m9nths . I sold all of it at a double when it started going down. And repurchased at $22 and it is up 10% right now. I agree this is a good st
add IIPR
Cannabis control has issued over 300 licenses here in CA. It will take about a year to smooth out any wrinkles according to the bureau. Honey Dew Farms holds the most (27). I don’t know that TRTC can attract an alcohol company as TWEED has but they are very well positioned.
PURA
Wheaton is the most solid that along with canopy Aurora and aphria are the only ones I won’t cash out on unitilthe up coming legal wheaton basically owns the first three years of all there start up companies they financed they get 50 Pct on the average of first three years of profitable years of the company they will be taking some in cash and they double down when they start selling the free cannabis plants etc there contract are rock solid they make money from the root to the flower of the plant that is a must get in right now if you just started playing this game I held them at 60 cents average they will still give back at lest 125 Pct on today’s closing I think it was 1.20 just a heads up who ever threw them up as the best they are the safest for sure but will fall off now that the banks and it made me laugh even the Canadian govt gave money to Mymmf who has the largest projects in place bigger than Aurora sky by far and most are in other countries which is huge they will have way to much product on hand after the hype dies down I grabbed them the second time around at 1.75 and sold low 4.00 now that they are out of debt it’s just a matter of how far along there grow and set ups will be ready at at 2.00 that’s a easy 150 Pct could easily do 600 Pct they are playing with no loans . Best advice keep your short term companies to a cheap price 3.00 and under and I really mean under places like mjstocks will drop from there 10cent downy to 5 centavos or better and will hit 40-80 cent and there only hemp not really pot they are like Potn who is in the way down be patient with them which by the way will hit a dollar every time and with all the West cost expose a easy one but wheaton has till this legal date to still make some more deals until the banks take over completly . Canopy was started by a bank shell company and finally came clean and deals directly threw the bank. Wheaton will defiantly do higher than 100 Pct return to cover your money but there are a lot of oil marijuana business out there like ABcann which I got in this time around at 1.19 they hit 5.00 easy during the hype date so keep that in mind
roberthebel
Hey do you mind if I get your email address in case I have some more questions about mj stocks. Thanks Bobby
I’m starting to recognize your writing style.
Wheaton did a big investment about a month ago in s america.
“Defiantly”? Sounds oppositional to me…
HI Robert — I pretty much agree with you. My biggest holdings are in Aurora Cannibis, Canopy Growth, Cronos Group and Cannibis Wheaton. Just added InMed Therapeutics and Emerald Health. But I didn’t do well with Aphria — maybe should try it again, And as to the “Apple of Pot” pitch for Terra Tech, I bought chunks of that and then sold at a small loss, and then after it had gone down to a point where I thought it had more or less bottomed out, I rebought it, and darned if it didn’t do another nosedive. It’s been struggling along doing almost nothing for a long time now. Been there, done that, twice. There are a lot better, stronger companies out there — Cronos just got accepted in a big upgrade from OTC to the Nasdaq, and Canopy says they will be following suit.
I have followed this stock for about 6 months. I understand there has been a lot of insider selling or “dumping” of the stock in the last couple of months. Of course, Jeff Seesions also took some of the bloom off the rose with his January 4, 2018 anti mj speech.
I bought 30 pot stocks over a year ago. TRTC is one of them. The 30 position pot portfolio has produced nothing but loss. I have sold 16 positions holding now 14. This is allot of roulette play. The only 1 I know of that made money Snoop Dog lol….good luck, I will hold mine until Canada goes 100% legal….
My marijuana stocks were all green today. As more stocks reach the exchange we’ll see more big winners.
Thanks Travis and others on the Green Research, recommendations and knowledge sharing. Currently going through the CMDFF/Aurora acquisition. I know Aurora paid around 181% or so to acquire CMDFF. Gives them potential for Market Dominance within Canada. Have an assortment of select Green stocks in my holdings ( TRTC, XXII) to list a few. Glad Travis and this forum provide opportunity to WADE THROUGH the volumes of information.
Apple of Pot? Two comments–
1. Pot grows really, really well. Anyone can do it, and in Oregon there is a surplus; prices are dropping. Pot will quickly become just another ag crop, with all the attendant risks and downsides.
2. Cannabis (not cannabinol) is destructive of intellect and ambition. Is is worth permanently lowering your IQ, drive, and ambition for a few highs? Alcohol, cocaine, and maybe even opioids? are safer.
22,000 opioid related deaths last year. How is that safer than the weed? Alcohol destroys your liver, cannot say the same about weed.
Pot will probably never replace opiates for pain relief completely. It is good for moderate pain and better than aspirin for pain but you are definitely going to want better pain relief for extreme pain like after surgery.
We had Darvocet but the stupid government knows better.
You didn’t get “high” on it but it really controlled chronic pain.
Instead my Dr. prescribed Oxycodone = what a terrible drug.
The Gov’t is bought and controlled by Big Pharma – they couldn’t make any money on Darvon products but they can on the opiod crisis. BIG BROTHER AT WORK !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
if you think alcohol, cocaine and opioids are safer you must be on one of those.Those are addictive drugs
While recreational pot is just another bad habit they have found many good medicinal uses for pot. I just read they may be using it in the hospital to help stroke victims. Don’t throw out the baby with the bath.
Cocaine is not safer. Cardiac wards are full of speed and/or coke hounds that destroy their hearts with the white powder. I have a cousin that is a vegetable from coke. He sits in front of the television all day.
This is the most ignorant statement I’ve ever read here. Tell the truth…you are a Russian bot, related to Jeff Sessions or just another rightwing fascist spreading lies for whatever perverse personal entertainment you get from doing so? You must own shares in the private prison system or, is it possible you are just stupid enough to actually believe the lies you’ve been fed all these years now about pot and the justification for shattering countless lives keeping it criminalized for generations?
If you are not established in the Canadian market you are missing out. One cannot establish a large position in the US as long as it is Federally illegal.
Greetings from here in Southern Ontario. Thinking of you all today.
And Southern Mississippi is thinking of Y’ALL too today…up in 7 acre paradise!
Go with (hemp) ! They make rope as well as med derivatives. Legal to own and .02 a share!
HEMP has been winning industry awards. It’s hard to fathom why the price is so low. I picked up 20,000 shares at two cents. I have to wonder why it’s so low. What’s wrong?
Totally agree. Got into CANADIAN stocks early on with no regrets. Treading softly with AMERICAN STOCKS until they get cannabis off the schedule one. I know so many people who are using medical cannabis and have been able to give up dangerous RX DRUGS. Big PHARMA must be really worried.
Any thoughts on IMLFF, Canadian weed Pharma company?
They have been awesome last two rounds they always find there’re way back to under a dollar between .50 and 90cents even all they have a patent to make bio tec companies do half of the work I got back in Shan at 53 cents wish it would come down again defiantly would triple up on them they will go well past 2.25 2.50 but some big investors are sniffing them out so buying in now and if they do go back under a buck save the cash to dump on top they are one of the most useful companies great choice
Not to familiar with PURA but , and mind everyone terra tech isn’t my number one pick just a solid pick if your just getting in for this round which is probably the last of the easy payoffs with Canada and some new stated all I can tell you for sure that terra tech holds all the big cards the most land in period in California as well as the USA the past 3 rounds it’s all on who pays off a little even know leading up to the magic day i’ve had good luck with Wheaton they are still up over two Pct for me and I cashed them out round one. California isn’t playing by the rules yet and the USA isn’t even close to making profits yet terra tech was the only company ready with Vegas which is probably the closet to start making real money . BEST advice if your looking for one or 6 companies to at least do 200 Pct return make sure they hit bottom before you get in TRUST me don’t chase these stocks right now look where they were before the last round and be guided by that jump in price. The only ones i’ve held positions in and made this a no brained for me is canopy at 4.00 wheaton Aurora aphria and canna royal got in those under a dollar and obviously they will never get that low again. So if your looking for the 590 Pct guys and there are a lot out there that aren’t maybes MMYLF is the first new company with huge projects and at 1.40 and the First newer guy to get no strings attached money to build if your looking to play past this round as well , at least they are the first one yet
Terra Tech….
I believe has significant upside potential. Since current price hovers around $0.26 per share I have decided to take the plunge and currently own shares.
Good luck to all with your investments. May we all see our investments provide us with AMAZING returns!
PS: I LOVE the stock gumshoe and it’s thinkolator….
Just a quick heads up about the marijuana Manefesto and the guys who are trying to stay with real stocks first miracle grow shouldn’t be on the list as much anymore if your looking for that angle SHOP cornered the market by becoming the new amazon face book bitcoin PayPal etc when Canada picked them to have all sales public to go threw them one way or the other they jumped15 bucks that day and settled back down ever dollar I e pulled out for safe keeping since the beginning of all this . As far as marijuana manefesto who has been right on more times than not still hasn’t bailed on mass roots and I started questioning some of there picks and went with my own it run by a 25 year old opioid problem child who got evicted from the Denver location for missing the rent after crashing his Lamborghini was forced to step down they took him back for obvious reasons his start up money is the only thing keeping them afloat and that isn’t the type of pick I would espect from jimmy shopfly totally is removing everyone from the game with that angle the face book of pot they are a great stock that will be a great long term investment and for sure will fly over 200 dollars after they are completly plugged in with Canada program that’s just a fact. So good advice stay away from mass roots they are only moving around a little by the people that just don’t read about his picks as well. I have nothing but praise Other wise for him and his picks keep your eye on Kush if there is another scare and you can grab them under3.00 bucks jump on them now that there also getting in on what is now and will eventually be the new pot as well as meds for the bio guys the oils extraction game is the new biggest money maker hands down there are a lot of others that aren’t a little to late like canopy to do more than 100 Pct for you at 20 bucks which is this rounds bottom number ABcann bottoms this time around at about 1.25-165 but would still jump in up to 2 bucks they are solid and doing the whole oil thing as a priority. . Ican never complain about anything ever again but still pissed I missed out on kush at 1.50 now. But you never know they might get caught up one more time and peek out for a day under2.50if they do I’m jumping on that and making them my last investment for this round except for the penny or less pick that every round so far 5000 has made 25000 at the least since the start of all this . As I jumped in about pottin again bepatisnt they will come down moret they were my o crap I only put500 on themwhen they were under a penny last time around Christmas if they go down to 15 cents I’m doing them as my penny pick on the expensive side .
I owned massroots for awhile. It’s a dog. I lost money on it. The price has dropped quite a bit.