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Discussion Starter #221
Oh dammit, I just texted a friend about the insane yield, and they responded by asking if they should buy it instead of a GIC.

Just to clarify: NO, do not buy this purely for the yield! It's more dangerous than a GIC and the yield is not assured. It could disappear.
 

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https://www.cantechletter.com/2019/12/many-pot-companies-will-die-in-2020-this-exec-says/

Hopefully this will carry well over this year. I'm finding this very interesting in the course of current event although I do believe it could lead to some losses that could prove disastrous for the unwise investors that placed too much money into that. Namely the ones in charge of such companies. The Raven Quest Biomed itself is getting lots of coverage in the media for having issues with their roto gro system and I'm not entirely sure it they will survive themselves unless this is just planned coverage for them to thrive further. Time will tell.

“We’re just in Year Two and we have some 300 licensed producers and some of them are going to make bad choices when faced with either shutting down or trying to find ways to get revenue in the company. Unfortunately, if they’re led by people who really don’t understand the regulations, they’re going to get convinced they can do something that’s outside of the regulations. Whether they get caught near term, over time these players will get caught,” he said.



theglobeandmail.com/investing/markets/inside-the-market/article-pot-stocks-continue-freefall-as-cannabis-etf-hits-new-lows/
Pot investors continue to feel the pain of an awful 2019, as the pioneering cannabis exchange-traded fund, which once commanded more than $1-billion of investors’ money, fell to its lowest point ever.
 

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Interestingly, that's net new inflows... new units... since a month ago and even since a few weeks ago. People are buying the falling knife.
Not necessarily surprising there are net positive creations. Could very well be all those individual investors getting rid of their individual holdings in pot stocks for tax loss harvesting but staying in the game with a swap over to this ETF. Plus of course, bottom feeders now entering the game. I could potentially be persuaded if this fell into the $7+ range.

Like most other things, people were greedy in this space looking for multi-baggers, failing to recognize this was like the dotcom bust of 2000. Too many players throwing money everywhere to get in on the gold rush. Speaking of gold, all those people now rushing for 10 baggers in speculative gold minors. The human psyche never seems to change.
 

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AltaRed, although I didn't invest in the Y2K rush, and didn't invest in the recent marijuana boom, I think it might be comparable. This website seems to tell that investing with Tangerine isn'T a good idea https://personalfinancecanada.ca/why-you-should-avoid-tangerine-investment-funds/ and would rather suggest questrade. I have yet to make up my mind on this although I think the important point not to forget is that it is an actual bank rather than just a website, so there is a protection for the long term when comparing costs. https://youngandthrifty.ca/tangerine-investment-funds-vs-robo-advisors/ this is more descriptive.
 

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I'm also going to post this article from yesterday that mentions that Marijuana stores in Ontario are opening the market for edibles. This was based on a decision released earlier this year, and although it might be interesting to start with, what it will lead to has yet to be figured.

https://globalnews.ca/news/6362213/ontario-cannabis-store-edibles-vapes-tea-retail-shops/
https://www.theglobeandmail.com/news/national/canadians-not-told-about-banned-pesticide-found-in-medical-marijuana-supply/article33443887/

Not to mention all those heavy metals in the water.
 

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yet that's just the tip of the iceberg.
I read in the epoch times that the ''organic'' certification didn't take this in consideration (heavy metal counts) . I actually quit drinking soy milk because, although touted as ''healthy'' and ''locally grown'', I'm pretty darn sure that most of the seeds were bought overseas. Just like the tomatoes in Heinz (French keeps it Canadian) Ketchup or the beans in ''a canadian favorite''. Of course most of this makes the stock price go up. I know this is not related in anyway whatsoever to the Marijuana ETF thing, yet it is to the stock market in general and since most of us are trying to keep our health so we may enjoy our wealth, well, it seemed worthy to share.

https://www.farwestchina.com/blog/your-ketchup-probably-came-from-xinjiang/

https://www.theepochtimes.com/lax-standards-allow-gmos-in-organic-food_1240572.html
For many consumers, paying a pretty penny more for products labeled “100% Organic” with USDA certification, is worth it for the peace of mind and certainty that they and their families will not be eating genetically modified organisms.



https://www.theepochtimes.com/5-reasons-you-shouldnt-trust-organic-from-china_1612468.html

Since organic products sell at higher prices, food producers, and not just ones in China, may tack fraudulent “organic” labels on their products for a higher profit. As issues arise in all levels of the supply chain, Chinese authorities and the USDA find it hard to find all the violations. A 2010 USDA report said some producers purposefully avoid the annual certificate renewal process and continued using expired organic labels in order to reduce costs, while other retailers simply mislabeled conventional products as organic.

https://www.naturalnews.com/039195_organic_foods_China_pollution_nightmare.html
Buying from China means higher profit
Here's the dirty little secret of the natural products industry... and yes, the "dirty" is quite literal in this case: Raw materials from China are cheap! Across the board, raw materials (foods, superfoods, supplements) from China are about 1/4th the cost of materials grown in North America or Europe.

This means getting your ingredients from China grants your product a lot more profit in the marketplace. For those selling through Whole Foods -- whose product shelves are littered with ingredients made in China -- this profit margin is essential to economic survival.

If you're buying a superfood powder sold at Whole Foods and paying $50 at retail, the actual ingredient cost that goes into that superfood canister is often as little as $5. So sourcing those materials from China is crucial to having the margins. Whole Foods might only pay your company $22 or so for a product they sell at $50. So your company has to buy the materials, pay for shipping, insurance, labor, packaging, formulations and everything else and still somehow make a profit to stay in business. So you source from China. You make a really nice-looking label, you get it "certified organic" with a nice USDA logo on it, and you sell it to Whole Foods which adds another layer of legitimacy to the product.

But inside the bottle, there could be mercury hiding in there. Or pharmaceutical residues. Or pesticide residues. Or just about anything, including melamine.

Now, obviously Whole Foods has a level of quality control in place, and they do require C of A's for products they carry. But China is expert at FAKING these documents and tricking importers, formulators and manufacturers.
 

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and last yet certainly not least, the medication. There's no easy way out of this

I'm not going to quote anything regarding fentanyl overdose although this was partly a pointer, I suppose(in the news)



The Food and Drug Administration claims pharmaceutical ingredients from China are safe. Don’t believe it. The agency has a long history of failing to oversee foreign drug sources, according to scathing reports from the federal Government Accountability Office.

The GAO found that the FDA inspects Chinese drug manufacturing plants infrequently, at best, and some may never get inspected. In the United States, pharmaceutical plants are inspected every two years.

During the last 13 months, the FDA has had to announce more than 50 recalls of blood pressure medications because the active ingredient valsartan contained jet-fuel contaminants estimated to cause cancer in one out of every 8,000 pill takers. Who supplies it? China.

The FDA’s Janet Woodcock advised that it’s less risky to take the contaminated pills than to stop taking blood pressure medication altogether. Yikes. Patients shouldn’t have to face that choice.


Article from December 27th
https://www.capitalgazette.com/opinion/columns/ac-ce-column-jurkowsky-20191227-wc3wids2bjbuteg4wunksnr6xm-story.html

This past fall legislation was finally introduced that will require DOD to purchase only American made medicines (including only-U.S. produced raw materials) for use by our military. The bill would also require DoD to identify vulnerabilities caused by our current dependence on drugs from China.

The seriousness of the problem with pharmaceuticals is documented by Rosemary Gibson and Janardan Prasad Singh in their book, “China Rx: Exposing the Risks of America’s Dependence on China for Medicine.” The authors provide a chilling insight into China’s role in the prescription and over-the-counter drug market.

Gibson and Singh provide numerous examples of how the Chinese control the generic prescription drug market. Each of their examples evokes a “How in the world have we allowed this to happen?” type of response.

Here is a quote from the actual book.

without question, if China stopped exporting ingredients, within months worldwide pharmacies would be pretty empty
https://books.google.ca/books?id=XuwtDwAAQBAJ&lpg=PP1&dq=China Rx: Exposing the Risks of America’s Dependence on China for Medicine.&hl=fr&pg=PP1#v=onepage&q=portuguese&f=false
 

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And last, yet certainly not least, here's to the ''good old days'' of the past. When...

As reported by the American Herbalists Guild, in 1987 about 85 percent of modern drugs were derived from plants. Today, only 15 percent has a plant origin. Herbal medicines are prepared from plants or plant parts which contain hundreds to thousands of other compounds.
https://www.theartofhealing.com.au/herbal_medicine.html
A pharmacist once told me that medications made from herbs cannot receive grants and bursaries and no matter how much research is done on the matter, you can't coin something from mother nature. She can be trusted though. I regularly have a little pep talk with my local herborist

Here are some solutions and alternatives that don't cost that much and can prevent more pain. Enjoy
https://www.americanherbalistsguild.com/sites/default/files/Proceedings/tierra_michael_-_hypertension_as_a_symptom.pdf
It mentions this very interestin herb that is not some 2 grands per month hypertension lowering pill.
https://www.sciencedirect.com/topics/pharmacology-toxicology-and-pharmaceutical-science/rauvolfia-serpentina
 

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Discussion Starter #229
HMMJ briefly fell to a new all time low today before rebounding and ending slightly higher than its all time low.

Also, by my calculation the yield is now over 12%

Outstanding Shares: 50,799,210
 

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I have an Alert set at $7.60 just in case it gets there. I might consider a 'flyer' at, or just below, that level. No magic on the number other than I want to be certain of capitulation before entering. If the price does not get there, I don't give a shite about HMMJ or the sector overall. It is still a speculative game with more than half the 300 companies in the space likely to go bankrupt within the next year or so.
 

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Discussion Starter #231
A new all time low today for HMMJ at 7.86
... might hit AltaRed's price any day now

Outstanding Shares: 52,210,180

That's pretty significant net new purchases while the price plummets. People trying to catch a falling knife? Hope springs eternal.
 

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^ Maybe Horizons will create an inverse HMMJ?
 

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Given the covid crisis, some of the old conversations got lost. Remember this one? Decided to take a look given the recent announcements about closing of production facilities and taking big write offs. I am surprised to find there are 54,104,270 shares outstanding, an increase from J4B's last post. The sucker has grown!

However, price currently at $6.95 certainly is nothing to write home about. It hit a low of $4.39 in March. A long ways from $25 in the heyday of speculation.The bloom is off that rose.
 

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Discussion Starter #234
Given the covid crisis, some of the old conversations got lost. Remember this one? Decided to take a look given the recent announcements about closing of production facilities and taking big write offs. I am surprised to find there are 54,104,270 shares outstanding, an increase from J4B's last post. The sucker has grown!
Thanks for the update. Very interesting, so investors have made net new purchases of HMMJ over these months. I would not have expected that.
 
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