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18631485 No.18631485 [Reply] [Original]

Ok /biz/ I need some advice, I was very Bullish on Weed Stocks and bought close to a thousand shares of ACB when it was 3$.

It's currently .71$ and about to undergo a 12-1 reverse stock split, indicating things are going to get though. Should I doubledown? Should I hold until the split to see where I stand?

Opinions?

>> No.18631702

I work in cannabis, I have worked in cannabis for a long time, I know what I’m doing both on the growing and extraction side. I’m also not a pot head idiot, my bg is chem e.

None of these big LPs know what they are doing AT ALL. Hubris has taken them down, and they won’t be getting back up. Unless there is suddenly a market for shit weed products at higher prices than black market. Get out what you can.

>> No.18631753

>>18631485
that was a dumb thing to do

>> No.18631782

>>18631702
I'm currently down around 4k, and all I have left to lose is $800 dollars.

I'm not sure if it's even worth pulling out that $800 even if it means waiting a couple of years to even negate some of that loss.

But my guess is you definitely don't reccomend pumping more money in to try to negate some of my loss.

>> No.18631815

>>18631753
Yup :/

>> No.18632211

>>18631485

At least one cannabis company in Canada is going to make it. At least one will, the government must have one to support it's new taxable industry.

The question is whether Aurora (with it's European medicinal markets and age will succeed) or Chronus (with it's superior fundamentals).

>> No.18632218

Hold on current investment.
Then buy small amount of CGC Canopy.

>> No.18632246

Also put a couple of shares in on CCL-Carnival. Help stabilize the shitshow you have gotten into.

>> No.18632408

A reverse split plus they are issuing more stick after the split. That's a death sentence. Sell now or lose the rest of money.

>> No.18632832

>>18632211
ACB has alot going for it even with the trouble they've gotten into. So I guess it could be them.

>>18632218
I think there's better buys out there.

>>18632246
Already in on CCL.

>>18632408
Is the $800 really worth it, if there's potential to recover?

>> No.18632968

>>18631702
What about Chronos or Aphria?

>> No.18633004

>>18631485
he didn't buy Cresco

>> No.18633311

>>18632832

They are going to take 1/12th of your stack and then dilute the supply. If no one's buying the stock now why would anyone buy it after this? Cut your loses or you lose your $800.

>> No.18633399

>>18631782
>>18631815
If I were you I'd take my money out and put it all in one stock that's guaranteed to triple or something in value. There's a lot if those at the moment thanks to gay flu. That should negate your losses

>> No.18633440

>>18631702
it's pretty fucking stupid that legal weed costs more than it does on the black market. i get that it's generally higher quality but come on, it's a fucking weed that grows everywhere. i get there is a lot of skill involved in cultivating strains and successfully growing plants but the fact that it costs fucking $50 an eighth to buy legally is absurd.

>> No.18633599

>>18633440
>i thought your ad said $30 an eighth?
>do you have a medical marijuana card, anon?
>uh its fucking legal, why would i need a card?
>so no card, anon? That'll be $50
Commercial weed was a mistake

>> No.18633741
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18633741

>>18632211
>>18632968
Take a look at FAF (Fire and Flower)
Aphria is also one of the best bets in cannabis

>> No.18634108

>>18631485
I do really like ACB. They risked a lot, and we'll see how it will payoff.

I think CNPOF is the money maker. It's ATH was $12. It's at like $0.80 right now...

>> No.18634365

ACB is gonna take a shit. It was falling well before you got in at $3. It fell from $10 to $.71 and now it's gonna reverse split only to shit a brick and keep tanking. When there is a huge downward trajectory plus a big reverse split, all that does is make people want to dump more.

If you really want to stick with ACB (don't do this, they will go bankrupt eventually) you should sell now and buy back in in a couple weeks after the split is done. It doesn't really matter though because if you stay in ACB they are gonna go under, period.

If you want a weedstock buy Cresco

>> No.18634374

I should have added, all the Canadian weed stocks are a fucking joke. Get out.

>> No.18634542

>>18632968
Garbage. Retards that don't know what they're doing at all. Probably making extracts with CO2. If you want to play for speculative pumps, good luck on your gamble. Long term, they have neither experience nor focus and will fail.

>> No.18634573

>>18633440
>it's generally higher quality
Not even close. There are a handful of small guys in different legal markets that can do alright. The vast majority sell moldy fucking dried out garbage, and shitty fatty extract that taste like shit.

>> No.18635088

>>18631782
Git out

>>18632832
ITS FUCKED

I live in the joke that is canada and legal weed is only for tourists. Its shitty, dried, tasteless shit. 3.5g is $60. No concentrates no hash.

If you live here you get from "Mail Order Marijuana" black market but somehow we also pay sales tax but its much better cheaper and trustworthy

Legal weed is a sham.