In the United States, they have “420”. This pop culture reference was a numerical label for 4:20 pm – a time when (according to this urban legend) a group of California high school students would meet to smoke cannabis. But this is also a symbol of the early stages of the U.S.’s Cannabis Revolution.
Now Canada has its own symbol: 10/17. On October 17, 2018; Canada became the first major Western nation to legalize cannabis for (adult) recreational use, at the national level. In doing so, Canada finally ended a century of completely unnecessary cannabis Prohibition. Canada’s Cannabis Revolution is now complete.
Banned for years as “a dangerous drug”, it has now been demonstrated that cannabis is a safe and potent medicine. Cannabinoids are produced naturally in the human body (endocannabinoids). These endocannabinoids are passed along naturally to infants in mother’s milk – because we now know that cannabinoids help to promote and regulate human health.
For this reason, cannabis-based supplements have shown explosive growth, as people therapeutically consume cannabinoids to prevent (or minimize) health problems. Now, as “recreational” cannabis, adult Canadians can legally consume cannabis (marijuana) as a safe alternative to drugs that really are “dangerous”: alcohol and nicotine.
However, the Cannabis Revolution is much more than just a social movement. It is also an economic revolution – with investment opportunities that are commensurate with such a revolution.
Cannabis (via cannabinoids) is superior medicine. Cannabis is the first-and-only safe recreational drug that is legal for adult consumption. Cannabis-based nutraceuticals and cosmeceuticals are rapidly claiming market share in that space. Cannabis (in the form of hemp) is a super-food, packed with a full spectrum of nutrition.
Hemp is simply the world’s most useful and versatile plant. The hemp sub-species of cannabis has literally thousands of known industrial uses, since parts of the world weren’t so idiotic as to ban its cultivation and commercialization.
On September 27, 2018; we published the results of our Investor Pulse Poll on the cannabis sector, where we asked cannabis investors to identify their favorite cannabis niche.
The response was relatively evenly balanced between six different categories. Cannabis investors are seeing opportunities in cannabis in numerous different forms. So, the day after Cannabis Day in Canada, we’re bringing you some investor posts from a few of the cannabis Bullboards on Stockhouse.
Here is a sample posts from the Bullboards of the six most popular cannabis stocks over the past week. [Editor’s note: the following posts have been chosen at random and are not intended in any way to be representative of investor sentiment for these companies.]
Top (1st) Bullboard – 198,162 views
Aurora Cannabis Inc (TSX: ACB, OTCQB: ACBFF, Forum) – ACB had a temporary trading halt yesterday that lasted no more than 5 minutes. Reason: Single Stock Circuit Breaker.
[Editor's note: Given the news below, ACB investors must have been very frustrated by this "circuit break". The high they were experiencing prior to the halt ($16.24) didn’t last past resumption. Aurora closed at $13.98 yesterday.]
Most recent news: Aurora Cannabis to Commence Trading on the NYSE
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We are listed -NYSE Now which day for the first trade?
GREAT NEWS
Aurora Chief Corporate Officer Cam Battley told BNN Bloomberg Wednesday afternoon his company hasn’t received confirmation of what day shares will begin trading on the NYSE.
60606060 | October 17 | See Post
See reference article: https://www.bnnbloomberg.ca/aurora-cannabis-applies-for-nyse-listing-1.1149324
Top (2nd) Bullboard – 154,590 views
Aphria Inc (TSX: APH, OTCQB: APHQF, Forum) – Started off at a low of $17.00 on the first day of legalization in Canada, but it took only a few hours since to get up to $19.32.
Most recent news: Aphria Forms Alliance With Noted Neurologist
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INSANE IN THE STREETS OF MTL!!!!
Here in Montreal the lineups are FVK HUGE!!!!!!!! they go from the store to more than 3 blocks away!! people in suits, grandma, students, its insane. Absolutely no doubt in my mind that this will go to 40$ with no JV or uplising cheers
Alexlandry6 | October 17 | See Post
[Editor's note: This observation concerning cannabis demand was echoed by the Montreal media (excerpt below). As for the price target expressed, if October 17th cannabis sales are a true indication of the future, many of these publicly listed companies will be producing such performance returns.]
“The line at the Ste-Catherine St. W. store in downtown Montreal started at 3:45 a.m. and grew to hundreds of people throughout the day.” – Montreal Gazette
Top (3rd) Bullboard – 96,708 views
FSD Pharma Inc. (CSE: HUGE, Forum) – Stockhouse's cannabis investors have already seen this Company produce spectacular gains this year (its 52-week low was $0.075. Yet according to BNN (see below), it is considered one of the top 3 undervalued stocks in the sector.
Most recent news: FSD Pharma Featured on CTV Toronto
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Just watched BNN
Who'd a thought that we'd have a whole hour of an anaylst do a whole show and then highlight 3 stocks in the sector that were undervalued.....and it looks like HUGE is going to go green......it will be greener in the coming days.
old_dog | October 17 | See Post
Top (4th) Bullboard – 46,679 views
Canopy Growth Corp. (TSX: WEED, NYSE: CGC, Forum) – Despite the drop is stock price this morning, Canopy remains the market cap leader amongst the top 6 most viewed bullboard stocks.
Most recent news: Canopy Growth Introduces LBS Brand to Canada
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GREEN tomorrow
We will close red today but tomorrow will be great GREEn day because the news about supply shortage then Constellation contract close on Oct 31.
acgreen | October 17 | See Post
Top (5th) Bullboard – 45,679 views
Namaste Technologies Inc. (TSX: V.N, OTCQB: NXTTF, Forum) – Same as Aurora: “Single-Stock Circuit Breaker”. It only lasted 5 minutes as well.
Most recent news: Investigation on Behalf of Namaste Technologies Inc. Investors (NXTTF)
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The private placement
Did anyone actually call the brokers involved to see where this stands? If u do u will be surprised by the answer that's it's up in the air now!
Eastcoaster17 | October 17 | See Post
Top (6th) Bullboard – 35,367 views
Matica Enterprises Inc. (CSE: MMJ, OTCQB: MQPXF, Forum) – Another recent trading halt, different reason: “At the request of the Company Pending News” – October 15. The jump in the share price highlights the fact that this was good news.
Most recent news: Matica Receives Cultivation Licence for Dorval Facility
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Second crop under way by March !!
With construction on going for the 200000 sq/ft and cash flow ,looks good from here - add more on the dips !!!!!!!!!!!
crude | October 17 | See post
On Cannabis Day, investors saw most Canadian-listed cannabis stocks mildly lower, not higher. This may seem confusing (and perhaps even mildly disturbing) to newer investors to the cannabis space. Some context is necessary. There has been a great deal of industry chatter among people who claim to "know cannabis" that they planned on profit-taking -- or even shorting -- Canadian-listed cannabis stocks on October 17th.
Whether or not these cannabis "experts" manage to squeeze out a small profit shorting cannabis stocks today, very clearly October 17th represents merely a beginning for the Canadian cannabis sector, not some medium-term peak. Nearly 100 years of Prohibition for the planet's most-useful plant species means that there will be decades of investment opportunity here, as cannabis laws are normalized around the world and cannabis is re-integrated into the global economy.
Meanwhile, Canadian small-cap investors are interested in more than just cannabis. This leads to the results of our most-recent Investor Pulse Poll, which you can find (and vote on), on the Stockhouse homepage. With the Stockhouse DealRoom now an important investor tool for building positions and enhancing portfolio returns, we wanted to know what "deals" were of most interest to you. Here is what you told us:
It won't be a big surprise to see cannabis DealRoom offerings as being most popular with Stockhouse Investors. What is interesting here is that it took only a modest rise in the price of gold to make "gold" deals the clear second choice among Stockhouse investors -- at the present time.
As it happens, Stockhouse is moving its focus to precious metals. First up in terms of investor events is Cambridge House's Silver & Gold Summit. This event is held in San Francisco, scheduled for October 28th and October 29th. For precious metals investors wanting to attend this event, we're making it a little easier for you. Save 30% off the admission price for this conference when you pre-register by entering Promo Code: STOCKHOUSE.
Headline speakers at this event include: Timothy Sykes, Frank Curzio, and Doug Casey. With the price of gold (and silver) still wallowing well below the price level necessary to sustain this industry, and with valuations for precious metals mining companies at ridiculously low levels, the theme for this year's Conference is Unmatched Investment Opportunities. With conditions in the precious metals sector today very similar to just before gold/silver went on a 10+ year bull market run (beginning in 2000), forward-thinking investors will want to give serious consideration to this event -- and precious metals, in general.
Wrapping things up for this week's edition of Buzz, we've got a new "10/17" poll for cannabis investors, before we shift our focus to gold (and precious metals) for the next couple of weeks. Vote now on your cannabis investing strategy, post-10/17.
FULL DISCLOSURE: FSD Pharma Inc. is a paid client of Stockhouse Publishing.