Re: Stock market thread.
Originally Posted by
Mr. Guru
Saw a pretty neat interview with Bruce Lipton who is the CEO of Canopy Growth (currently Canada's biggest marijuana producer) where the host of the show was comparing the marijuana stocks to that of the tech bubble in the late 90's.
Lipton said, paraphrasing, 'Yeah there was a lot of overvalued companies in that tech bubble, but there was also a few companies that really made it. One of them, for example, is a little company called Google. Ever hear of them?'
He was also saying how it's not fair to include them with all the other producers.
Mentioned how only Canopy Growth and Aphria publicly state how much it costs to produce a gram of marijuana. Obviously a critical piece of information for investors.
He was also saying something like since Canopy Growth grows their marijuana indoors, compared to Aphria (and others) which have greenhouses, he believe's that in the future marijuana will have two different prices. Since they grow with lights, the product is much more consistent. Compared to the sun. It's also much more expensive. Therefor, indoor vs outdoor prices. Not sure how many people will actually care about that to make a market for it. But if it's for medical purposes you'd want the most proficient stuff, right?
Canopy Growth is currently trading at $8.27 a share. It hasn't been this low since November 23rd.
Frankly the tech bubble is a perfect analogy for marijuana stocks:
1. Both were brand new industries
2. Both had non-business people leading the charge in operations (tech geeks and experts in growing)
3. Both are industries where the path to monetization is not clear. More so for tech but without knowing anything about the legal/regulatory framework to come, which will vary greatly by province and City there are lots of questions.
4. Both will see tons of competitors enter the market, take on investors who don't want to "miss the boat", most will fail, some will succeed greatly.
If you're able to pick the 1 or 2 marijuana stocks that grow to dominate the market there will be a lot of money to be made, if you pick one of the dozens that end up going bankrtupt there will be money to be lost. The CEO said all the right things in the interview but with zero track record of producing and selling his product its still a massive gamble. CGC could be the next Google or it could be the next: pets.com, vonage, myspace etc.
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