RE:common now be smartYou are a little dramatic. The company future doesn't depend on the next few quarter results. I don't expect the next quarter result to be outstanding but saying that its existence relies "solely" on the next few quarters is misleading. I also read your post history and you are not well suited to give this kind of advice, no insult here but a proper DD from my part to see your competency. People don't need to day trade but can sell a part of their stock and keep the core of them. They just got 216 million in cash, and they are good for many months. A lot of stores will open in Ontario next year even if they will not bring cash immediately but the ones that just open in Canada one, two or three months ago that didn't bring a lot of cash this quarter being new, will still make better sales and cash for the next quarters. Beside Alberta with 350 stores, all the provincial governments including Canada messed up the entry of the cannabis business with their regulation. Ontario wants between 750 and 1000 stores. I don't expect 1000 next year but 500 would be a good "realistic" start after the deregulation for retail stores.I am not stuck with only ACB, and I can change my positions. Many cities don't allow stores but it will eventually change when they see the tax harvested by the cities closed to them, the same for the provincial goverments. Alberta even talked about a tax break that ACB didn't even asked, in case of need, but ACB is far from being there. JDinvestiGooch wrote: unless you are day trading not the best time to make a postition, for a company thats exsistance solely relies on the next quatrely results this is one of the more risky companies to go with. might have a huge turn around but i believe we are in for tough times until feb.
if acb turns neg. results next quatre its pretty much game over in my opinion. you cant rely on US legalization either, because it may take months to roll out.
i was long holder, and caught the falling knife. this fall was different from the others though, because its no longer speculative results.
I will say i loved this companies strategy, go big or go home. but theres only 2 outcomes, you go big or you go home. hopefully acb goes big. Just keep in mind they like to spend money, bought companies during the peak for outlandish amounts (way over priced) , they even paid ghostface killah to do free shows across canada; i love wutang and ghostface is my fav. but if a company is paying for free tours really its a waste of our $ (not even good publicity).
All im saying is be careful, play smart, get rich. Be luck to all.
Goooooch out