ACB

Scannerguy3000

Only when an option evades my alarms and I manage to get assigned. Like, I wake up late and the market price gapped up/down in the first minutes of the day before I get online. And only then, when my formula tells me taking assignment is the mathematically better exit than closing the position. Then, my immediate goal is the shortest DTE CC I can find, where the strike price + premium will cover my Adjusted Cost Basis. If the ticker hasn’t moved much, and I’m lucky, that could be the very next Friday. If not, then I sell low delta calls on the stock to earn premium and keep lowering my ACB until the strike + premium increases, and/or my ACB decreases, until those lines cross. Then I CC at a “bait” strike price and I want it to sell. My goal is to get shares off my books as fast as possible. I don’t make money from market appreciation of stocks. That’s slow, low yield, and entirely out of my control. I’m a used car salesman. The last thing I want is a lot full of cars I own. I want cars constantly moving through.

Invest_and_ballout

CGC, Tilray, ACB are my holdings

Inevitable_Bee_9830

Just a suggestion: maybe we should look at this from the opposite direction and list companies that you should not touch. Like ACB/CGC that only dilute during hype phases.

spikey_wombat

I'm leaning that the court tosses the tariffs purely because the IEEPA provides literally no text for this and for Alito and Thomas to convince the rest would literally require the court to amend the IEEPA and subvert Congress's sole authority to write legislation. Roberts and Gorsuch are going to balk at this. While they are open to interpretation, what Trump is asking for is a wholesale amending of the IEEPA to resemble something like the Trade Act of '74. It's exceptionally hard to argue that Congress intended the IEEPA to allow for unlimited, unchecked tariff powers to be granted to the Executive Branch after they previously wrote a bill that did, but granted extremely limited capacity to do so in brightline language and also did not amend the Trade Act of '74. SCOTUS would effectively have to overturn the Trade of Act of '74 where there are literally no grounds to do so to then justify how the IEEPA grants the Executive Branch unlimited, unchecked tariff powers. Alito and Thomas will do virtually anything Trump wants. But Kav, ACB, Roberts and Gorsuch are going to balk at this idea.

Odd_Comment345

First, the company must exist so that shareholders' profits can exist. Look at the ACB. How was the ACB treated before it paid off its debts. ACB only had two reverse divisions, but it's finally out of debt. And after that, isn't ACB respected by cannabis sector shareholders?

Timely_Notice_5102

ACB (Aurora Cannabis) is currently operating without debt and with a very good progress each quarter. Yes, its main market is out of US but they already said, we are in a good financial position for or acquire or merge with another weed company if finally the US market is open for cannabis. So I can see a big potential here if finally happens.

MeetIndependent1812

My league of hopefully future winners are as follows: -lean, mean and fast - VFF and HITI -medical and international - ACB (heavy bags though) -sleeping giants that move compared slow but steady SNDL and CRON -big boy but oh boy been you lagging behind - TLRY Then I have also some in Cresco and CGC. Those are to me like the funny siblings. Who knows. Might become doctors one day or end up in smoke.

One-Yard9754

I have an insane amount in GTI, and others. I have ACB as my trading vehicle (collecting premiums), so ya I get what you’re saying. The problem is people are (and a ton of new meme guys have joined recently) confuse the meme companies with the solid operators.

MightyMiami

ACB seems like a real constitutional justice, which I like.

pixel_of_moral_decay

Yea. But now Robert’s and ACB are afraid for their lives if they turn against Trump. They only live as long as he feels they are useful. They’re just playing the game

Sryzon

This. Not all the conservative judges are necessarily MAGA. Roberts and ACB voted to allow Trump to be sentenced in the NYC hush money case, for example.

Johnny_BoySouth

Depends on Roberts, Kavanaugh, and ACB. Thomas, Gorsuch, and Alito are locks to overturn. Kagan, Sotomayor, Jackson are locks to affirm.

Thisispaartaaa

After the jump a week or so ago, I made some dough on TLRY scalping (41% in 24 hrs)...then moved that profit into ACB once it came back down a bit....so yeah, I'm covered.

Scannerguy3000

Hot take. When I have shares, my number one goal is getting them off my books. I don’t care about making money selling CCs. The calls do two things for me, (1) allows me to exit with a premium, as you said. It’s my exit mechanism. (2) If it’s not time to exit yet (there isn’t an ITM strike above my ACB currently) then they serve to chip away at my cost basis, lowering my ACB while I wait for the stock and RSI to rise enough that I can CC out and cover my ACB. Thinking that you want to make money on CCs is the path to holding a lot of shares. A lot of people think wheeling, and potentially having 1/2 your portfolio in CCs and 1/2 in CSPs is a fine idea. I am not one of those people. As I say frequently, shares can only do two things. (1) Give you excruciating slow yield. And if you’re in an options sub, you shouldn’t be thinking about yield from buy-and-hold. (2) Drop suddenly for all kinds of reason you have no control over. CEO gets caught with his secretary on camera, picks a fight with the president, who knows.

longStoryShort2Late

Sold today at 58.50. been buying shares every month since it dropped to 20 back in May... after getting in way too deep at 30 back in 2021 😒 Got my ACB to 25 ... don't like that I had that much tied up that long but finally turned it for a 133% gain Peace Out ✌️ Dish Wireless / Boost Infinite / Ehostar/Boost or however you identify TOMMROW 😉

volckerwasright

You are about to be up, unless you picked ACB or AYR or some other dogshit

Admirable-Grass9225

weed addicts are kinda back, look at the holy trinity of weed stocks, CGC - ACB - TLRY

Thisispaartaaa

I like ACB (aurora)

skyplt29

Primarily the reason it shot up today...shorts are less confident Tilray will need to reverse split. I appreciate a reverse split does not impact the enterprise value...but from what I have seen in this sector (ACB, CGC) a reverse split usually results in steady decline in share price afterwords. Getting past the NASDAQ requirement of 10 consecutive business days above 1USD is a significant milestone. Full disclosure; I sold 3/4 of my Tilray shares today at 1.90CAD. I had bought them for 1.07CAD. Like most longs, I have been badly burnt since 2017 and am a bit gun shy to hold for too long. I went from over 60% of my portfolio in weedstocks in 2021 down to about 10% just prior to the US election. Some of that was due to selling, some of it due to significant losses. In the last month or so I got up to about 25% of my portfolio in weedstocks, mostly Cresco and Tilray. Selling the Tilray today brings my weedstocks down to a more comfortable 15% of my portfolio. Tilray, Canopy, Aurora, and Village Farms will front end this recovery because they are on accessible exchanges. the MSOs do have more potential, but crappy exchanges meant for mining stocks. The only good thing about MSOS is it trades on an exchange that retail investors can access through their broker. Tilray's stock increase is exaggerated by the shorts starting to cover due to Tilray about to meet NASDAQ compliance. Just my opinion...but anyone who listened to FUDCooker today lost out on some significant gains on Tilray. Trying to keep emotion (and past burns) out of it. Not sure how this will pan out tomorrow, but getting about an 80% gain on Tilray in the last couple of weeks takes some of the sting from losses incurred over the last 8 years in this sector. My remaining shares in Tilray are covered completely off by recent realized gains so I will let them fly or die.

SwedishCope

Anyone following cannabis stocks? Why would ACB and CGC be up and VFF down after a strong open? Any particular news?

randomusername0000

CRLBF is the only one I'll hold. Ate shit on CGC/ACB in the early hype days so no more canadian companies. CRLBF is only my favorite because they're based in my state, have a good spread across the legal landscape, and I love a good amount of their weed.

b-rad2016

Feeling great today which the ACB and TLRY climbs were stronger and would help SNDL too. ICLN and MTB are also treating me nicely. Really hoping the runs keep going.

ImNotHandyImHandsome

I'm so happy to unload in the green. ACB was $4.00

Scannerguy3000

I sell Cash Secured Puts. My goal is to never own equities. The only time I sell CCs is when an assignment slips by my before I can BTC at break-even. Then my goal is a sale baiting CC if the premium + strike will cover my ACB.

IncidentSome4403

In with a 278 ACB and looking forward to getting paid a 3.25% dividend, doing pretty good

TheOneNeartheTop

I was young and dumb so was just chasing stocks in the field for awhile. I had ACB, Canopy, Tilray, Supra, just off the top of my head I seem to remember a twin one.

Scannerguy3000

My goal is entirely selling Puts on an all-cash portfolio. I have the luxury of sitting in front of a computer all day, so I can monitor my plays throughout the day. If one starts getting naughty, I have a helper column that calculates the higher value exit for me (assignment vs BTC). I do end up with shares since sometimes assignments happen. My goal is to turn them as quickly as possible. CC aimed at getting them sold if the Strike + Premium covers my ACB.

TheInkDon1

Never heard that about Thursdays, thanks. Maybe you misread me about selling stuff? >One reason to immediately sell a CC would be to lower CB. To help buffer the downtrend in the stock. I was trying to respond to this from you: >Is RSI and stock going down? Then why would you immediately sell a premium??? >I might wait a few days or a Thursday for a good time to sell CCs again on it, And here now you're saying sell CCs "and let your ACB drop." So I think we're saying the same thing. And I've been meaning to ask: ACB = *Adjusted* Cost Basis?

Scannerguy3000

Thursdays are the best days for selling weeklies - long term data research. I wouldn’t sell shares to lower CB. I’m not quite sure I even understand that. If you sell the shares they are gone and you don’t have a cost basis. If the shares have dropped in value and you can’t get out of them (where Premium on CC + the Strike at a delta that will sell covers your ACB) then hold them and sell a few cycles of CC’s and let your ACB drop, and hopefully the share price re-climb, till you can sell them at a good price on an exit ITM CC.

the_mammynun

They are just getting started. Pretty much every LP is about to sign a deal with Raj. Most importers buy LP weed and brand it as their own. Raj is going to create a "menu" of Canadian brands. That means TLRY, ACB etc can sell to Germany and actually build their own brands. By this time next year Raj will control 30% of all German imports.

Scannerguy3000

DTE — I started all over the place because I’d didn’t know anything. Then tried the common “30-45 DTE”. Some of those were long enough to bite me in the ass, and I sit in front of a computer all day so I figured I can monitor fast theta / delta changes. So I tried weeklies. I think I was killing it with those, but some of them were so fast they bit me in the ass. Now I’m trying 2 weeks to 30 days. Here’s a DTE tip. “30-45 DTE” is a simplification. It’s actually 20-30 days leak for weekly options and 40-45 days peak for monthly options. Most people don’t pay attention to whether they are trading monthlies or weeklies; so they just mush it together. But if you know you’re doing monthly use 45 days, or weekly options; use 30 days. I never defend a position. And I never roll. I’ve only had 2 negative weeks, and both were because I heard “roll” so many times. That is a stupid fucking piece of advice. Rolling means “don’t stop and think about what you’re doing”. For CSPs I never roll I always run a new screener and pick the best choice. It’s never going to be the stock you just left. For CCs, you’re stuck with the stock. But I’ll close; wait; go look at the chart, see how the stock is doing. Is RSI and stock going down? Then why would you immediately sell a premium??? I might wait a few days or a Thursday for a good time to sell CCs again on it, or when the stock and RSI start going up. BTC policy. As soon as a trade starts going bad, I close it. My goal is to catch Last as it hits my original Premium so I get out essentially free (minus commissions and fees). If it happens to move fast enough that I didn’t catch it (the dangers of rolling out of bed an hour after market open), then I already have a helper column that calculates which is the better exist - assignment or BTC. I take whichever is better. (And if it’s assignment; I try to get rid of those shares fast, I don’t care about profit. Just want to break even. If I can cover my ACB I’m happy). I don’t understand why someone would wait till the BTC cost is 150% or 200%. That’s crazy. At that point you might as well just take assignment. Don’t try to catch a falling knife. There’s always a new trade you can sell. There’s no shortage.

GianniTromboni

Similar position with $ACB , actually looks good compared to most other MJ companies. Solid balance sheet, great numbers earnings, margins etc. They have their nieche with medical cannabis angle which isn't crazy. Specially with US rescheduling which I believes opens up the market to medical cannabis and medicinal studies? I think that's the biggest catalyst. Small float , somewhat shorted.... 10% ?

DoobeyRanks

I believe Marimed will be acquired one day… All the other msos have higher premium. ACB reports in CAD and imo Canadian names won’t grow as much. Verano and Curaleaf are disgusting look at those balance sheets.

One-Yard9754

I just don’t see the growth? What’s the driver for earnings? There are many micro and small cap guys in this space growing revenues, or better yet, go with one of the big dogs who might be the 1-3 longterm winners in this space. You can do worst than Marimed, but you can do a lot better too. I remember years ago a few people were bullish on these guys because they were at one point the first bet profitable company. But they’ve more or less flat/marginally negative in growth and the share price has slowly dwindled down. Personally I would rather just add more capital to Greenthumb, or maybe I toss money into Sundial, Love, ACB, or gamble on Verano. There’s a lot of choices in this space - in 10-15 years, how many of these operators will exist?

Scannerguy3000

I’m frank about my position. I have strong opinions about what I’ve learned and experienced. And/but/so I keep probing in these subreddits to find out from others what I don’t know. I am not a finance genius by any means. I’m a bit of a trained monkey. I essentially do one thing and hammer that strategy constantly, deploying close to 100% of my portfolio. People keep saying “This can’t last”. And math and life experience tell me that is probably the case … but so far no one has been able to give me specifics on downside. All I hear are generic, vague sour grapes replies like “long tail, everyone is making money now, won’t work in a bear market” etc. But I go read the other posts and comments of those same redditors and their other posts are “I made $500K!”, “I lost $600K”, “I don’t know if I can afford a Barchart subscription”. TLDR version. I sell CSPs around a .25 delta. I expect 3/4 plays to win, and I need to actively shut down the 1/4 losers. That’s it. My goal is all cash; but some assignments slip past me, or the better exit is assignment, so I end up with some shares. Then I immediately aim to get them off my books with CCs as long as the Premium + Strike covers my ACB. My long term average is dragged down by 2 early weeks where I panic rolled when I didn’t know what I was doing, and didn’t have all the systems I’ve built since then. But every week a take a snapshot of where I’m at. Recalculate my long term average monthly yield. I just went over 4.91% to 5% this Friday (yesterday. I have another newer portfolio, much smaller, and since it was started after all my early successes, its LTAMY is over 6%. Maybe this can blow up. I’ve extensively probed ChatGPT and Claude with research mode and long thinking mode, to figure out how it can go wrong. The bottom line I always get back is 1. “Anything that would wreck this would also wreck all portfolios in the market at the same time”. And… 2. “In such a case, you would climb out of the drop faster than everyone else with hold-and-wait equities”. I’ll make a separate post going through your proposed strategy.

Scannerguy3000

You know you can prevent getting assigned, right? My goal is to monitor my trades and only take assignment is it’s calculated as the better exit. And yes; if I get shares my goal is to sell them with a CC premium + Strike price that covers my ACB.

BacKnightPictures

Here is the real kicker for re-scheduling and de-scheduling; Cannabis is a Schedule 1 narcotic meaning the government claims there is no medical application and a high degree of addiction. More important, the Schedule 1 designation means that public companies are in legal peril if they dabble with cannabis. Therefore banks, investment firms and other traditional financial services cannot associate with cannabis companies, even publicly traded companies like SNDL, TLRY and ACB. Moving cannabis to Schedule 3 will change all this and likely lead to a flood of capital into the industry in the form of back loans, lines of credit, venture capital, tax breaks and all the other financial services available to traditional companies. Re-scheduling will happen. I’ll be surprised and somewhat disappointed if Trump is the one to get it done after Schumer and Peolsi have dangled this carrot for so long. Not only would re-scheduling be a great distraction from Epstein but it would rally a lot of people behind Republicans. The election cycles tend to be a boost to cannabis stocks so I’m not expecting much but always hopeful and prepared with a healthy position in pot stocks. I’m still living off money I made in 2014 during the sub-penny pot stock boom. Man, was that a doozy!

crohnscyclist

American Apparel, A123 systems, ACB (cannabis)

Scannerguy3000

I'm just going to make a stamp that says this, so I can stop re-typing it. Call me crazy, here's my view. I advocate an all-cash portfolio. Equities are vulnerabilities. They can only do two things (1) Yield slowly from holding, (2) Drop suddenly from all factors that are out of your control. (3) No you can't pick the next NVDA. My goal would be CC to sell them above my ACB as early as possible and get back to CSPs all the live-long day. Cash making cash.

Scannerguy3000

Now flip the option type. Generically, whichever option you got assigned on, sell the other type at a .20-.25 delta for 30 days to expiry on a weekly option. Repeat as necessary. If you had shares, sold CCs, got assigned, and now have cash - DO NOT use that cash on the same ticker. Go use your options screener and find the best Premium / safety you can. Sell CSPs on that. (It would be an incredible coincidence if it's the same ticker). If you had cash, sold CSPs, and now hold shares - As above, sell CCs for around .20-.25 delta, on a weekly option that about 30 days from expiry. If your delta starts climbing and the Last price begins rising close to, or above your original Premium, Buy To Close that position. If you're watching closely, you can do it pretty close to break-even. Repeat as necessary. My suggestion is all cash portfolio, never hold equities. I know 99% of commenters will tell me I'm wrong. So if it were me, I would sell CCs (if I were assigned shares) at a Strike price that is within 50 cents above my Adjusted Cost Basis for that stock. If that's not possible, keep selling CCs until the market moves the underlying price and/or you keep lowering your ACB and eventually your Strike is above your ACB. Sell an In The Money CC at a delta above .50 and try to get those shares sold. Do \*\*\*not\*\*\* sell CCs at a Strike price that is less than your ACB.

alphalegend91

I fell for that shit once… never again. Rode ACB down from like $9 to $1 before covid. Just went and looked and it’s since reverse split 1:12 and again 1:10. So if I had held it my $9k would have been $45 now 💀

BkkPla

$ACB wheeeeee

Thisispaartaaa

ACB - Aurora Cannabis...going long on this one for a bit...They have had a surge in Poland...I am thinking this is due to the war in Ukraine, as cannabis apparently helps with PTSD, and Ukraine has allowed it for medical purposes as of the last year or so....ACB for the win!

jgleeke

ACB reverse split twice already...

KAESLAX

This also means VFF has surpassed ACB and OGI in market cap, and is even getting close to CGC now. Curaleaf is also back at the top as largest MSO.

Remote_Laugh_6948

If that type of stock that’s on the verge of reverse splitting can have that much volume, imagine ACB if it reaches those levels. And obviously it’s gonna have more volume it was a damn 0.80 cent stock

Kbarbs4421

> we have no idea just how badly hemp has negatively impacted margins on their soon to be banned products competing with cannabis I'm not yet convinced this is where we're headed on hemp. At the very least, I think it's too early to reach any conclusions. There's a lot of conflicting takes within the GOP right now. And a strong lobby in favor of hemp. I'm personally taking a wait and see on this topic. > Personally I don’t see any world where Curaleaf becomes an investable stock because of how bad their balance and operating sheets are…it will probably run real hard, sucking in retail guys with it, and then earnings will hit and reality will set back in. Agreed (though, ACB....). There are a handful of other MSOs in a similar boat. And then a few others that will likely become investable again, but only after they've diluted their current shareholders substantially to clean up their balance sheets.

One-Yard9754

I hear ya, it’s happened dozens of times and it still might! Awhile back I stopped putting money into the MSOs so I could trade the ranges on ACB, effectively channel trading with options. As I wait for some type of reform with my longterm holdings…it’s just like the Adam sandler goat, I’m just sitting on the pickup watching my cock get smaller. 😅

REMO_Williams1985

Trump says he will make some announcement's in 2 Weeks - Cannabis is going to be rescheduled. CGC, TLRY, ACB really moving huge. Kind of shocking. How high can it go????

One-Yard9754

I don’t think so. Maybe the lousy operators like CGC? I keep close tabs on the number of available shares, and the share interest rate, and right now the interest rate for GTI and the shares available (according to IKBR), are both about as low as you can get. In other words, any pop on that ticket - either the US or CAD will not be from short covering. ACB the rate is still pretty low and there’s still shares available to short, whereas in the last few months before the open IKBR didn’t have any. This is all the retail crowd and maybe some hedgies. If the shorts pile on, then we could see some heavy short covering. I can take a look at a few other names, but I don’t check the short stats interest on those tickers that I’m not actively trading in each day….

unclegbov

LP - ACB CURALEAF I see ACB making a miracle move into USA  #1 medical king

unclegbov

ACB no debt on MJ business President / General Manager Logic Technology Development LLC Aug 2013 - Jan 2018  4 yrs 6 mos Logic Premium Electronic Cigarettes is currently the 4th largest E-cig manufacturer in the US. Logic products can be found in national chains and independents throughout the US. Logic Premium Electronic Cigarettes is currently the 4th largest E-cig manufacturer in the US. Logic products can be found in national chains and independents throughout the US. I like this.

unclegbov

Adding 100k ACB lfg

One-Yard9754

Don't know. But the big spike up on ACB allowed me to buy back my puts next week for a big gain and put in the exercise option on my 6 calls!

Machdonkey

Lets see if ACB can get one

GeoLogic23

People can't talk colloquially online anymore.... Of course I can "understand" a bull argument for Trulieve. But it completely depends on those factors I'm actively trying to discuss. When I say **"I can't believe the share price is this low!"** I'm not saying that I **literally don't believe that share price is real**. When I'm saying "I don't understand" why people are bullish on Trulieve I'm just inviting someone to give a bull case. I gave the specific reasons why I think the typical bull case is extremely risky, again demonstrating that I "understand" the bull arguments. Regarding ACB, I made a ton of money on them already. Their valuation they dropped to after their reverse split was silly at the time compared to their debt/cash situation. I didn't say ACB is some fantastic company to invest in long term. I'm merely pointing out my average is great because I ignored the typical reverse split discussion, and focused on their valuation at the time of the reverse split. But again you have to start wtih "main character" insults. Like can't you have a discussion just focusing on the facts of the topic? Why bring up my opinions on reverse splits? Or your perception of my personality? Any final words before I block you?

CardiologistFew4264

I don’t mean the RS. I mean do you find it incongruous that you decide you don’t care about the bull arguments against TL and, consequently, you can’t understand what anyone else sees in the stock—and you maintain this bewilderment while being bullish on fucking ACB. Please don’t be offended, but I couldn’t care less if you block me. You asking me that is more main character stuff.

CardiologistFew4264

I’d never say that RS splits lead to 100 percent of anything. I’m not as black and white as u seem to be. Stocks most often… at least in part, retrace after they happen; and of course you’re right, often because the underlying companies stink. If you don’t think ACB is a bad company, that’s another thing.

GeoLogic23

The market doesn't disagree. That's my point. ACB is doing just fine after their reverse split. So is OGI. My point has always been that the vast majority of reverse splits are occurring in failing companies. But there are absolutely occasions where reverse splits happen with solid companies. So you can't say that reverse splits 100% always lead to continue share price dropping. I have an average in ACB that is close to $3 because i practice what i preach and invested heavily after their reverse split. I am also green on my OGI position for the same reason. **I'm correct by definition, and because the market has agreed. And i have the receipts to back it up.**

GeoLogic23

WTF do reverse splits have to do with this conversation? That's so random. I'm giving lots of context and detail to my **thoughts about Trulieve**. But I'll just point out that there are prominent recent examples (OGI/ACB) that have proven I've been correct about reverse splits this entire time. But sure, try to use that as an example of whatever it is you're trying to say about me. Flower quality doesn't matter. How much you're able to sell matters. Just like it doesn't matter if you sell Bud Light or some premium craft beer. I just care about how much you sell and whether you are going to be able to make a profit selling it. **As a consumer I care about quality. As an investor I care about profits.** * If Georgia isn't their only other source of growth, what is? * Why would they be profitable in Georgia if they haven't been able to be profitable after many years operating in Florida? * How do you know they have upcoming refinancing that is favorable? I am asking some specific questions here. You could address them, or you could just say some nonsense about reverse splits and avoid the conversation.

Equivalent_Smell_325

I want to quickly add on this. I agree ACB is now an international supplier. And last quarter they got hit with the increasing freight costs going to EU. I'm in the logistic industry, and I know these prices are horrific right now. Not too sure how much more they spent, but they did briefly mention it in their earning

theduderino38

RH shows -$0.19 for ACB eps

Forest_City_Frolfer

I just sold MTLC last week before they announced they redid their debt. They have the most efficient operations of any company I've seen in the sector, but their balance sheet is absolutely atrocious. Now that their debt is redone they doubled in value, and they are a bit too pricey for me to comfortably jump back in, so I jumped ship too early. ROMJ is a company that I really like. They've been on the verge of profitability for like 2 years now and just been unable to break even. They started selling vapes recently and that really helped their sales, and they just bought a production facility off medipharm labs. They still haven't shown any consistent profits but their balance sheet is decent, their operations are good, they were limited by capacity. I am a bit hesitant on them because the new facility will likely be expensive and that could cause them financial problems, but it was necessary for them long term. If there was more M&A in the sector they'd be a top tier buyout target for any company looking to take over the premium cannabis and topical niches. If they make those improvements to start posting profits I think they'll see similar price action I've also been watching OILS (Nextleaf Solutions) and DB (Decibel Cannabis) but haven't jumped in yet. I got burned on Decibel a few years ago and their balance sheet needs a hazmat suit. Oils turned a decent profit but they are a tiny operation, and they'd either need to get acquired, or expand and they aren't quite in a good spot for either. You are right about XLY being a big company now. They have a lot of assets and they are doing very well in sales. But for years Canadian LPs were essentially only (TLRY, CRON, ACB, CGC) and SNDL sometimes. So they had the most visibility and no one would touch the penny stock companies. It makes sense, these companies were household names at legalization and they've slowly burned that goodwill over the years since

GuyOnTheCouch420

Canopy isn’t a large company anymore. I think they shut down almost all of their production. They just suck haha. ACB same thing. Not much production. TLRY yes. They are massive and overbuilt. XLY is not small at all. They are run well just had to dilute pretty badly. And I think most ppl don’t realize fully diluted share count and that the imperial warrants are prepaid. I missed the boat on LOVE but it seems pretty expensive now. Just started looking about ROMJ. seems super cheap anything I should know? Idk much about MTLC. What’s your top pick?

GuyOnTheCouch420

Those aren’t the big Canadian LPs anymore. ACB barely in rec in Canada. they are basically a international medical company that will do well short term but will be tougher long term because they’ll have to fight with tighter margins like Canada. CGC is dead and a dumpster fire. TLRY is Frankenstein dilution monster. Look at CRON, VFF, OGI. Along with XLY and LOVE (I think both are good but too expensive), those are your big Canadian LPs now. ACB isn’t a bad company, just hard to compare them to others. They need new international markets to keep going but mgmt has done a good job with what they were handed.

Forest_City_Frolfer

My biggest issue with the big Canadian LPs (CGC, ACB, TLRY) is that I just can't see how they can grow revenues enough to turn consistent profits. Their SG&A expenses are quite large, the Canadian market is very small, and the international export market is going to get very competitive as new players move in. ACB has made a huge turnaround, but I don't know how they'll do long term.

Manazonian

ACB earning at 8am

IncidentSome4403

I’ve already suffered enough, holding NVO bags with an ACB of 71 😬

KAESLAX

Been an interesting year for the LPs - first time many of them are (just barely) posting FCF positive for the year, and both CRON and ACB have positive profit margins as well. Cash flows look much better for the MSOs, but GTII still the only one posting positive profit margins.

CriscoSour

I feel you have been in since 2018 at the peak at the worst time. ACB CANNTRUST and APH

weouthere96

In highschool I opened a custodian acc under my dad and put my summers worth of lawn savings (at the time about 4k) into a bunch of marijuana stocks like ACB, TLRY, HEXO, HITI, couple others I can't recall and now likely bankrupt.... they just kept bleeding out I tried buying dips but sold near 75% loss and sworn away playing stocks. Doing taxes that year not only was it embarrassing I lost a car on dumb gambles, curious I looked up the current shares and had I held would've been up 25k the spotlight was on Cannabis. I had shares at $.20 that ran to $16! I will forever chase those missed gains.

One-Yard9754

After SNDL came out with strong earnings in very interested in how ACB does (reports on the 6th). Could be some marginal strength in the better-operated LPs….. MSOs will continue to have weakness and compression, but if the hemp products get banned that will go a long ways come earnings even if it won’t be reflected for several quarters….

MaleficentTravel3336

If Nvidia's share price drops below my ACB ($85.82) in 2 months, I'll let you fuck me in my ass and call me Sally. And then I'll load up on another $1M worth of shares. If I'm honest with you, I fucking hope Nvidia crashes hard. My only regret was not buying more. A company with fundamentals like these is going to $10T market cap minimum by 2030. You can just sit in the cuck chair and watch me generate more money in 5 years than you and your entire family will generate combined in your lifetimes of putting fries in bags and predicting market crashes every single month. !remindme 5 years

MaleficentTravel3336

If Nvidia's share price drops below my ACB ($85.82) in 2 months, I'll let you fuck me in my ass and call me Sally. And then I'll load up on another $1M worth of shares. This thing's going to $10T market cap by 2030. You can just sit in the cuck chair and watch me generate more money in 5 years than you and your entire family will generate in your lifetimes of putting fries in bags and predicting market crashes every single month. !remindme 5 years

Scannerguy3000

Nothing with more than one leg. No borrowing. No “substance + animal” names. No “picking the right stocks”. Search Barchart for high IV, high annualized yield. Also -7%BE, > 79% Prob of Finishing OTM, moneyness < -5. There’s probably a couple safety filters I’m forgetting. Delta less than .29 or even less than .20 if you want to be conservative. Oh yeah, 200-day exponential moving average > 0.0 Then sort through the 20-30 hits. Sort each column and drop the loser for each stat. Pick one you like. Sell Cash Secured Puts for some contracts with the cash you can afford. No borrowing. If you’ve got the cash for like 9 contracts, don’t do it. Put 1/2 your money behind your top pick and the other 1/2 into your second pick. Or just another one on the list with a different sector. Watch the deltas until expiry. If the delta falls, great. Last price should also fall. If you chose “I want to lose 20% of the time” then 20% of your plays will have a climbing delta, or start dropping along with theta, then pull a U-turn and start going back up. If that happens, close it before Last is = or > than Premium. This genuinely is not hard. The risk is right there on the sticker. Pick the risk percentage you want. Close losers as soon as they start to lose. I look at it this way. I know I will win 75% hands of blackjack. The other 25%, I don’t have to just take the loss. I can bribe the dealer to let me out of the transaction with the same amount of money I originally got paid up front for the premium. Or think if it like the 3 card monte street hustle. You win 3 out of 4 (you’re the con man in this scenario), and the 1 time out of 4 the mark wins, you just beat him up in an alley and take your money back. If you miss some, decide the outcome of assignment where you now have shares. Look up what you can sell those for at 39-45 DTE, at a delta where (hopefully) the Strike is just above your ACB. Let’s say the share price was $10 but your premiums being your ACB down to $9.47. Don’t get greedy. Look for that $10 strike at 45 days. (Or even shorter if the premium + difference in strike and street price is a gain. Maybe you can do that with a weekly, or 14 DTE. You don’t *have to* sell the call for 45 DTE.) That’s it. It’s dirt simple. Sell things with a known probability of loss. Don’t get married to any stocks. Forget narratives and stories about the company value. You don’t care. You’re a DJ. Play whatever people want to hear. I’ll sell a CSP on TSLA even if Musk took a poop on my desk. Don’t get assigned. You can literally control whether you get assigned. It. Is. Not. Hard. 4.22% monthly yield. That’s including 2-3 stupid mistakes early days that I will never repeat. If I cherry pick around the only 2 negative weeks I’ve had (never two bad weeks in a row) then I’m over 5.1% monthly yield. Monthly. As in, annualized is 63%. I expect to double my capital in 17 months. Or I find out none of this works and all this long tail black swan crap is going to get me. But… if that happens, then everyone in the market is going down too. And I’ll crawl out of the hole faster than the buy-and-hold crew because they are at the mercy of the tide. I ride the high IV in the wake of a crash to sell premiums on the way back up. And since my portfolio is almost all cash, my portfolio didn’t drop in value. All the people with 75% equities, all their equities dropped with the market crash and their port is worth half what it was yesterday. And those aggressive slick sophisticated guys with their margin leveraged “aluminum seagulls”, suddenly they can’t get any margin on their portfolio of equities that dropped in half, and they have margin calls and have to sell their car and house to cover the margin calls. But I could be wrong. Smash that like and subscribe button.

RandomGenerator_1

From time to time I keep up with the following. - Inmed Pharma - INM: but they keep reverse splitting and diluting. I hope the Alzheimer research goes somewhere. They'll continuously need more money and wont find partnerships yet since Big Pharma will continue to wait out legislative developments. - Medipharm Labs - LABS : was a long time favorite of mine. Very connected, delivered for opioid trials, ex CEO of Purdue Pharma Canada as CEO. But they are now dealing with a hostile takeover attempt and they will need to spend time and resources on that, which is a hige distraction and insecurity. - Incannex healthcare- IXHL: was interesting for Sleep apnea - until hype pumpers took over and now it is simply a pump and dump stock that will go through some cycles of swing trades until all the pumpers, that barely know the company name, leave. There is also a lot of competition for sleep apnea lately. So it might be case closed here. - Lexaria biosciences - LEXX: they will probably reverse split sooner or later to remain on nasdaq. They still have a "big" partnership to reveal so this might help. But Kennedy isn't favorable on GLP drugs anymore. So the government is gonna work against this. - Sandoz for the biosimilars. Where syntethic cannabinoids come in. But again, to be seen ifbthe government supports this. Biden pushed for lower drug prices by supporting generics. I don't see the current administration moving on that direction. - Charlotte's Web- CWBHF: lots of ties to pharma and tobacco companies. You'd think this stock price would be a lot higher. But ot never seems to get any love. And time and governmental delays work against the potential of success. - Aurora cannabis- ACB: they've chosen a stronger focus on medical grade cannabis - internationally - , compared to other "mainstream" weedstocks. But of course, it all depends on politics. - Tilray - TLRY: they are advancing studies. But they are obviously spread to thin. What was an advantage in the beginning, to bet on the broad spectrum of cannabis potential (alcohol, medical, recreational, CPG) is now biting them in the *ss. Since, again, ot all hinges on legislation and it is now only taking up resources. They'll need to consolidate themselves so we will see what remains of those expensive studies.. Generally soeaking the pharmaceuticalization of the tobacco sector is interesting to keep track off. And the Abott laboratories type of companies for GMO seeds. But, as stated, it all depends on politics at the moment. And delays, time, is the enemy of financial resources. So it is not favorable at the moment. I would not be surprised to see several of these companies go belly up in the next couple of years.

JohnnySquesh

Bought CRON and ACB on the weakness

Anxious-Warthog-9483

Yep ticker $ACB

One-Yard9754

Nice cherry-picked stats jackass. How’s the YTD, or 1 year comparison? I’ve been swapping a large chunk of capital from GTI/ACB, playing the spread and rolling multiple option positions with ACB at the same time.

irascible_Clown

I don’t even look at my weedstocks anymore just did guess that explains a some of why ACB is up?

Flipside68

Monthly chart: Tilbae - 100% ABC ACB - 25% Did you choose correctly? I only own them through HMMJ currently

One-Yard9754

Tillray sucks the big one, but if it helps pull ACB along I’ll take it!

Orennji

ACB and Ayr seem to have the lowest share floats.. any other companies like this?

One-Yard9754

ACB is taking off, I think there’s analyst coverage on it. I felt the selloff on earnings was way overblown and had loaded up on calls and shares. Since sold the shares and will probably take assignment of these shares. And I got Aug 6 and 5.75 puts I wrote a few weeks back that are looking solid now

ImNotHandyImHandsome

I was smart. Had an ACB of .97 and sold it all at the open bell only to watch the rocket take off without me. I'm back in for twice as many shares with a new ACB of $4.

ImNotHandyImHandsome

Fuckit. Full port into OPEN. ACB is now $4

ImNotHandyImHandsome

Can I make a banbet that I have the highest ACB at 4.45?

GeoLogic23

This is a false statement. There are plenty of companies with less debt than Tilray. OGI, ACB, CRON just to name a few.

unclegbov

Sound the horns!!! Sector time! glta  #ACB goona turn some heads

SubterraneanAlien

Would love for everyone to pump it up to my $12 ACB, please. Please. I'd like out.

ImNotHandyImHandsome

ACB is below $25, so i'm good

lllIlIIIlIIIlllIIlII

The apes are still diamond handing it along with TLRY, ACB, and BB

One-Yard9754

Where are you seeing that? Probably not another big down day, but sliding back to ATLs over the next little bit seems likely. Really glad I’ve been swapping capital out on ACB/gti, rolling this volatility.

ApostleThirteen

It's almost impossible to compare the path of CGC and other LPs, let alone MSOs. Companies like ACB, Tilray, and VFF are in the process of going global, while CGC (presumably) is still depending on a real US entry... granted, the direction of the LPs towards international expansion seems a lot more "growth" oriented than the situations of MSOs pushing $millions into lobbying and elections so they can break out into rec weed in the south, and states like Tennessee, Wyoming and Kansas.

bananastock

Nice. And if the sector takes off you'll get your premium on ACB and ride GTI

One-Yard9754

Well the peel off on ACB happened as I had a feeling it might. I sold August 6 puts, right at the bottom of the day. But if I get exercised, my cost basis will be less than 5.50, which for ACB is pretty damn good!

One-Yard9754

Correct, I’ve been essentially swapping ACB/GTI trading it kinda like a spread, minus the pair trade (not shorting these companies). But I’ve been rolling the ACB a lot by writing calls against it, purchasing calls (different strike and expiry), writing outs, all along with keeping an eye on how GTI moves. I have a ridiculous amount of capital GTI longterm (along with Trulieve about 1/4th the size and a tiny OGI). In the unlikely event something big actually happens with MSOs in the states I’ll reap the rewards on my GTI/Trul, but if nothing happens I’ll keep rolling the ‘trade able’ part of my capital. Back in the day all of this would be put into leveraged long/short pair spreads, but I don’t have the time or energy to do that anymore.

One-Yard9754

Did anyone do any trades today? Aside from my long term positions (which my future grandkids might inherit :/). I sold off a pile of ACB today that I accumulated in the 5s. I have august 6 calls ITM that I’ll let slide, because looking at the chart it’s either gonna run up higher and I’ll exercise or sell, or it peels off which I’m fine with because I’ll write a shit ton of puts.

No-Head6877

ACB 👀

theduderino38

Currently by market share TCNNF GTIBF MSOS ACB TLRY CRESCO And on and on and on lol