OTCPK:GBGPF - Post by User
Comment by
MartialArtson Mar 07, 2018 11:17am
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Post# 27675552
RE:RE:RE:Looking for the next CMED
RE:RE:RE:Looking for the next CMED
Thanks for that list. One sleeper is $68M Canopy partner Delta9 NINE who has the Manitoba production and only retail license so far.
Delta9 was the #1 medical marijuana online seller a few years ago when I was looking for the best medical marijuana online sellers. They were private at the time and just IPOed last year.
At less than $2 per share trades at IPO prices, this low float, low volume candidate is at the top of my list. It was a technical short from $2.60 and I doubt shorts have yet covered so that should provide a nice uplift from the $1s when it's ready to go.
I also looked at MARI but I don't like all the pumping and its market cap is high and I need to trust management. That's why I am a holder of CMED but would only trade ACB. Eventually the value gets discovered and in this market, it's the market players like APH, ACB, WEED, and CRON who are the big hunters now. They will get hunted by pharma, alcohol and tabacco in the next phases.
I feel NINE is currently my "next CMED" at this point but anyone have any better options, please let me know. CMED here will do well from $40-46 so it's on auto-pilot. I've retendered a small portions of my shares and will sell the rest over the markets when it reaches $43+ depending on what the charts tell me. I already have my asks sets for half my liquid shares.
I might actually become an ACB "investor" after all. The big three (WEED, ACB, APH) were outsmarted by CRON so they won't be sitting idle.