APHA was my #1 Cannabis play going into this year based on the fundamentals and it's held up very well, still my #1 long term pick today (along with tangential Cannabis play IIPR).
That was followed by CGC and ACB with TLRY coming in at #4. Now with my #1 and and #4 plays merging and largely rounding out their strengths and weaknesses, it is an even stronger #1 by a factor of 1, maybe 2 over each CGC and ACB.
Amazingly, TLRY is still dirt cheap sitting at 3% of it's $300 peak a year ago lol.
Price is even UNDER its IPO and BELOW its Value Channel here (magenta). Seems impossible it goes under $2 now so max temporary downside is very constrained.
TLRY now the Best Value Cannabis Stock out there supplanting long reigning champ OGI, which is my #5 play overall but quite underpriced ATM relative to the market.
I'm lookin to scale in most my position before $21 and watching it float up like smoke!
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Would you look at that... nailed my line lol... Still in Value Channel people! Will load up more if lookin like we're gonna finally breakout but lotta ifs in the pipeline this week, gotta take it a day at a time.
I just wanted to thank you again for this post. I have followed up with more research and have decided to make this one of my core bull bets for 2021. It is hard to find anything which represents a genuine “growth at reasonable price” opportunity. I am in the camp that thinks that this is one of them.
ProfitHarvest
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@YouCannotBeSerious, Oh yea, all of cannabis lookin great. If dems sweep GA tomorrow we'll see the whole sector float up on legalization hopes (after March low esp, probably last great buy opp).
This is the fckin floor fo sho, these are real companies, pumpin massive revenue and dominating a nascent market. Cannabis use has skyrocketed due to people chillin at home. Plenty of legalization events both locally and internationally down the road to spike Price and keep pushing it up and continue expanding the market.
Once federal legalization passes these will all be 10-20x, 50-100x 10 years from now no prob.
Where else can you find solid companies in a burgeoning market for under 5% of their peak value within the last two years, it's fckin nuts lol.
Chartguru1
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@ProfitHarvest, so true.. KEEP BUYING! Many shorts on this ticker since it went to $300 and then to under $4. Can u imagine another round tripper back to over $100. Shorts love this stock as they do NKLA, but both tickers will kick A$$ in 2021. Rgds
YouCannotBeSerious
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Many thanks for your detailed write-ups on the cannabis space. I had been looking at taking a meaningful position (I currently have nothing) given the current valuation dynamics and had considered to simply buy the sector maybe via an ETF but am happy to follow your stock specific recommendations as you clearly follow it closely.
Medical cannabis.... Tlry best of breed before merger and now after. Great chart. Rgds
ProfitHarvest
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@Chartguru1, TLRY's global footprint is super valuable too, easy access to global Cannabis trade. I haven't even really considered much for Medical but yea that's a huge factor too.
bustedbuttons
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you should be looking at Aleafia...grossly undervalued and will actually make a profit this year