Beleave Inc BLEVF

Beleave Inc is a vertically integrated Canadian cannabis company. It operates streamlined facilities throughout Canada to cultivate high quality cannabis flower, oil and extracts with funded capacity more than 150,000 kilograms per year. Fully licensed to cultivate and sell medical and recreational cannabis, it is leading the way through research partnerships with universities to bridge the gap between science and tradition and to develop pharma-grade extracts and derivatives. The company is currently developing new product lines as the recreational market is expected to allow for food and beverage-based cannabis products.

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Beleave Inc

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Comment by Yahmon2on Mar 26, 2019 10:24am

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Post# 29536222

RE:RE:Inverted yield curve - Recession

Thanks. I agree on all of this with the exception of the price action being limited to the current price range. I got in at .11 cents before their earnings annoucement. This ended up being a mistake so far. We'll see. With the amount of competition in the sector and a weak overall market, I can see BE taking a pretty good beating along with the rest of the market. Again, we'll see.

That being said, news of positive change and solid financials are the only things that will get this stock moving north of its current value imo. The most recent P/B ratio I found was 1.87.

1Lighthouse wrote: As mainly a trader, I’m definitely seeing the yield curve/potential recession issue show up in the markets, as its quite obvious. Hard to say if it will drive BE’s share price lower, but it’s hard to see it pushing down much more. My most lucrative trades are bottom fished positions, and I started building a position recently @ .09 and started grabbing some @ .085 today, so take that for what it’s worth. I’m expecting either a quick flip/trade, or potential buyout news. If I end up flipping short term, I’ll probably hold a core position @.085 or under to see what a longer future holds.

My opinion is that any broader market weakness will only mute/prevent any non-news pops, but probably won’t drive the price down. News should still provide price action

Anyone know what our book value is? Can’t be far from here

Yahmon2 wrote: Hello fellow BE holders. Curious what peoples opinions are on the inverted yield curve that has plagued the creidt marktes for the last 7 trading sessions. Big sell off last Friday and continues today, pointing to large funds exiting positions. I am long and well off the recent highs of the MJ sector. I am continuing to hold my position but starting to have doubts with this new info. What say you?