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$GRWG Nearing A Breakout? Cannabis Sector Move?$GRWG Has had positive earnings and after holding the 200 EMA (orange line/Support) has bounced and broken downtrend. This candle held the break in downtrend, but I expect Monday we will potentially retest its resistance around 43.50 Positive Earnings from companies like $CGC and $HEXO in the coming weeks could help push cannabis sentiment, but GRWG does run by itself due to being in the lucrative craft of selling cannabis growing equipment and materials which is perfectly legal and doesn't have to go through a banking run around. Looking at 47.50 as my first target going into next week. Volume in comparison to previous sessions is low, and with that I wont be taking any sizable positions until I do. $GRWG trading requires high time frame observation in order to verify the price is still in trend, as it isn't a huge daily mover but does tend to gap up quite well. If we manage a decent run and market willing we could see $GRWG hit the psychological target of $50 Upon a break of $50 my first target will be 53.50 between June and August. $55 as a PT seems to be the consensus amongst analyst. I will be doing a video breakdown on this tomorrow. To go more in depth. I actually like the stock
NASDAQ:GRWGLong
by SimpleStacks
Tilray Given Up All Gains, Time to BuyThe potential for huge growth in cannabis companies is obvious. The spike we have seen in the past week has retraced almost all the way back to where it started, this offers a great chance to re-enter longs. The spike may have been caused by the Reddit craze nonsense which explains the big dump as well but this is still a good trade/investment. I would like to see the price stabilise in the current area and confirm that the support here will hold as it has been very volatile. If it does hold here and show that it will rise then the previous high is a good target, around $64. If it breaks this resistance then a target of $115 can be next, this is 0.382 Fibonacci retracement from the all time high to the low. If you are looking at this as an investment there is no telling how high it could go.
NASDAQ:TLRYLong
by olly48
2
Why $OGI marijuana stock skyrocketed this week?On Friday, the two chambers of Virginia's General Assembly passed marijuana legalization bills. The two must be reconciled for consistency's sake; afterward, the combined version will be sent to legalization supporter Gov. Ralph Northam for his signature. So what fueled the great enthusiasm for marijuana stocks on Monday? it was the increasing likelihood that marijuana would be decriminalized at the federal level and thus made legal in most states. If that occurs, Canadian weedies -- Tilray, Aphria, Aurora, HEXO, and OrganiGram are all headquartered north of our border -- will have free rein to sell their wares directly to U.S. consumers. Under current federal law, they are prohibited from doing so. Momentum is snowballing for federal U.S. decriminalization, and Virginia's move is only the latest evidence of this. While this won't alleviate all the challenges of the marijuana industry, it will significantly improve its prospects. Pot stock investors are right to be enormously cheered by this development. Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018. www.fool.com
NASDAQ:OGI
by AlenCiken
8
Why $ZYNE skyrocketed this weekJazz Pharmaceuticals $JAZZ agreed to buy GW Pharmaceuticals $GWPH for $7.2 billion last wednesday sending shares of fellow epilepsy-focused biotech companies $ZYNE flying. "The acquisition allows Jazz to become a significant epilepsy player by adding Epidiolex, which exited 2020 with sales annualizing at about $576 million despite a challenging Covid environment and ahead of significant growth driven by a tuberous sclerosis label expansion and broad European launch," www.investors.com
Z
by AlenCiken
1
Why $RKDA Skyrocketed yesterdayWhy $RKDA Skyrocketed yesterday There does not appear to be any direct news from the company. But it seems like that there was some coordination by day traders on social media. $RKDA shares were buoyed — thanks to discussions stock trading groups on Twitter and Twitter hashtags, before the market opened. Hemp/Pot play, Similar to $TLRY move from $3 to $50 has monster upside once it launches. Expect $20 + & a multi day runner The other positive factor for the cannabis industry is the effort in Washington to decriminalize marijuana at the federal level.
NASDAQ:RKDA
by AlenCiken
SNDL SUNDIAL GROWERS INC huge upside potentialHere is when i told you that is a buying opportunity on Sundial after the retracement: Sundial Growers engages in the production and distribution of flower, pre-rolls and vapes. It operates through the following segments: Cannabis, Ornamental Flowers, and Corporate. Zenabis Global Inc. said Friday it has entered a revolving credit agreement with a Canadian private debt fund for up to C$60 million ($47 million) that it will use to refinance more expensive debt held by Sundial Growers Inc. (marketwatch.com) If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
NASDAQ:SNDLLong
by TopgOptions
13
Tilray Rally As Georgia Runoffs Signal Democratic SenateMarijuana Stocks Rally As Georgia Runoffs Signal Democratic Senate Tilray, Inc. surge on hopes Democrats' win in Georgia could spark US legalization Tilray, Inc. surged on Wednesday following the early results of Georgia’s key Senate runoffs that could open the door to federal cannabis reform. With Democratic candidate Raphael Warnock claiming victory in his race against incumbent Sen. Kelly Loeffler (R -GA) and Democratic challenger Jon Ossoff winning his race against GOP Sen. David Perdue, Democrats took control of the Senate. That fuels hopes that prior roadblocks, including refusal on the part of Senate Majority Leader Mitch McConnell to bring cannabis reform bills to the chamber, could be removed to move legalization efforts forward on a national level. the change of Senate control would catalyze constructive changes for the sector. Democratic control of the Senate, “could help provide better access to capital, alleviate operating headwinds, and help drive industry growth.” more moderate reform could come first, perhaps in the form of a modified Strengthening the Tenth Amendment Through Entrusting States (STATES) Act, which could allow cannabis companies to access traditional banking and financial services and alleviate burdensome federal taxes. “To the extent that the industry is presented with an opportunity to lobby for either of these measures, we would expect a consensus to form around the STATES Act over the MORE Act,” she said. finance.yahoo.com Key to that growth will be the speed in which states that voted to legalize cannabis set up policy frameworks, and at a federal level, which policy proposals receive the largest attention from legislators. potential reforms range from mild banking reforms through the SAFE Banking Act, which would allow the industry to tap traditional financing and banking, to more progressive agenda goals like federal decriminalization and criminal expungements through the Marijuana Opportunity Reinvestment and Expungement (MORE) Act. A combination deal could also be pushed through. With New Jersey legalizing through a ballot initiative this November and New York increasingly looking likely to follow with legalization, according to New York Gov. Andrew Cuomo’s State of the State address. finance.yahoo.com
NASDAQ:TLRY
by AlenCiken
MJ Analytics generates six figure sales increaseMJ Analytics, an Akerna product built on Domo's modern BI platform, generates six figure sales increase Within less than 90 days of launching MJ Analytics, the platform has generated a six figure increase in sales and helped clients reduce manual reporting workflows by 90% through the use of scheduled reports. With a 95% positive product feedback based on recent surveys, MJ Analytics is proving its value as a first-of-its-kind actionable insights product. Since launch, MJ Analytics has: Processed a total of 5.1 million queries Averaged 3.6k queries a day with peaks of 20k queries during month ends Signed up 40 clients for Premium Analytics, through either a trial or paid subscription finance.yahoo.com New Year's Eve Marks Biggest Cannabis Sales Day of 2020 The Christmas holiday period (12/18-12/24) generated $427 million . Traditionally, the Friday preceding Christmas is the biggest sales day of the period. However, this year the Wednesday before Christmas (12/23) saw the most significant bump in sales with a 76% increase in daily sales. Totaling $87.3 million, the Wednesday before Christmas was the third-largest sales day of the year, only slightly behind Green Wednesday with $87.4 million. Previously projected to see depressed sales due to an anticipated decrease in group gatherings and parties as the result of COVID-19 restrictions, New Year's Eve exceeded all expectations. The year-end holiday saw approximately $89.4 million in sales, easily surpassing Green Wednesday and becoming the biggest cannabis sales day of the year. finance.yahoo.com
K
by AlenCiken
Which cannabis stocks should I now that Biden is the president?Which cannabis stocks should I now that Biden is the president (part 1) : Going first with Cronos Group. Biden won (although Trump wouldn’t agree😊) and the sentiment is talking about green energy stocks, electric vehicle makers, telecommunication stocks, cannabis stocks, government bonds and more. But we cant invest in everything and we cant relay on market hype to make a sound investment. So first I wanted to break down cannabis stocks as they have rallied dramatically in the last 2 trading sessions. But before all that lets state a super important fact: Arizona, and South Dakota recently voted to legalize recreational marijuana! BOOM! I choose to start this series with the first stock of Cronos Group. Cronos Group Heavily funded by Altria group investment in 2018 with 1.8 billion, the company has been operating in the last two years with no factual growth or sales, I mean 10 million in sales in the cannabis world market would be a drop in the bucket. Stock rallied 10% in the last week upon elections but once the 15 min of fame are over this stock isn’t going to do much in my opinion. The spending on growth and technological developments such as “fermented cannabinoids” which I will explain now, have cost the company to fall behind in the cannabis race on market and sales share. So what is fermented cannabinoids? The Cannabis flower isn’t using cannabinoids in order to maintain its survival, which can cause a change of up to 30% in the concentration of the flower’s cannabinoids, even if grown in identical conditions it still varies from one flower to another. So, extracting and controlling this would be a very difficult task. Fermenting it is basically growing its cells in a lab and duplicating them instead of growing the flower itself – again this is explaining it in a nutshell of course. So the news about Biden wining can maybe translated into good news for Cronos Group, but for me as a skeptical, I’ll need some proof of concept before jumping in and that means sales sales and more sales! TECHNICAL VIEW on Cronos Group: Highest high pre COVID was a25.1$ at February 2019. Dropped from there all the way to 5$ with one Bullish week during that slope. Then was side channeling from 5$ to 7$ and gave one fake out on June @ 8.09$ and went back down. This Friday it broke resistance and touched 8.4$ just to drop back down to 7.5. With all rally and resistance tested twice and broken, I expect the stock to rally up more to the 13$ zone (retracement to the 38 Fib line) but I don’t see it going further then that at least in the upcoming 4-6 months. Short term Buy Long Term Sell Revise again at March 2021. Here is a chart comparing all major cannabis stocks one next to another (not including Grow generation group that could not fit in the chart since price is too high) Next up we will cover Canopy Growth! WE analyze the stock market acc to the great Ralph Nelson Elliot and combine that with fundamental and sentiment analysis on a theory we call Market Cycle Based Analysis and that gives us high prediction rate 😊 This is not a recommendation but our personal advice Trade safe and invest smart!
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NASDAQ:CRONLong
by FDGT_academy
98
SNDL SUNDIAL GROWERS INC upside potentialAug 13 (Reuters): NET CANNABIS REVENUE FOR Q2 OF 2020 WAS $20.2 MILLION, AN INCREASE OF 44% OVER Q1 OF 2020 Sundial Growers, Inc. engages in the production and distribution of flower, pre-rolls and vapes. It operates through the following segments: Cannabis, Ornamental Flowers, and Corporate. 6/29/2020 BMO Capital Markets Upgrade Underperform ➝ Market Perform target price $1.00 Market cap: 75.147M Net Income: $-204,570,000 If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
NASDAQ:SNDLLong
by TopgOptions
8
Green Organic Dutchman Holdings. P-Modeling Pt A. Cajun GreeneryWelcome to the Green Gold Rush Scrub a Dubs. These are Opportunities of a Lifetime.. Be apart of the Cannabis Revolution! Smoke em, if you got em.. The Green Organic Dutchman Holdings Ltd., through its subsidiary, The Green Organic Dutchman Ltd., operates as a cannabinoid-based research and development company in Canada. It produces organic cannabis products, including organic dried cannabis, cannabis oils and edibles, fresh cannabis, and seeds for medical applications. The company also operates retail store. The Green Organic Dutchman Holdings Ltd. was incorporated in 2016 and is headquartered in Mississauga, Canada. Long Term Buy. Time of Hold: Mid Summer 2021. Trade Set Up: 5000 shares of TGODF Entry $0.452 Target $8.00 +/- 10% block closes @ TP's. Look closely.. What do you see? I see laughter and curiosity.. An entire ecosystem lies right beneath your ego. Impossible.. I am probably wrong.. Right? Not. I. said the Hare.. Be a Cajun.. Be one with the magical leaf. Be a 420. Thanks for Pondering the Unknown with Me, Glitch420
TLong
by Glitch420
5