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How are they going for you? Both peaked in March 17. Have you kept them?
UWC - Underwood Capital
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How are they going for you? Both peaked in March 17. Have you kept them?
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Canada seems close to legislating recreational cannabis use. This has raised interest in MMJ.
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Huge proposed corporate restructure for MMJ (subject to shareholder approval and listing details).
Just for interest and follow up I've inserted a chart of NVT.TSXV (listed in Canada).
Just for interest and follow up I've inserted a chart of NVT.TSXV (listed in Canada).
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On October 23rd, 2018, MMJ Phytotech Limited changed its name to MMJ Group Holdings Limited.
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MMJ: (my top pick for 2019) has transitioned from a potential cannabis product provider to an investment company specialising in cannabis product suppliers.
MMJ current portfolio targets the Canadian markets and potentially the US as more states legislate for recreational use of cannabis.
I've posted a weekly chart but I don't think the historical prices are relevant since the company changed it's business. The major concern is the management team. Are they competent investment managers? Can they manage their portfolio of investments?
MMJ current portfolio targets the Canadian markets and potentially the US as more states legislate for recreational use of cannabis.
I've posted a weekly chart but I don't think the historical prices are relevant since the company changed it's business. The major concern is the management team. Are they competent investment managers? Can they manage their portfolio of investments?
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I don't know what it is that you have been smoking, but whatever it is, it must be some pretty darned good @#%& !
Enjoy your tripping!!
So_Cynical
The Contrarian Averager
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Some excellent weed around now days - apparently.
greggles
I'll be back!
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The MMJ share price is going the wrong way for it to become the Berkshire Hathaway of weed. It needs to go up, not down.
IrishDigger
Australia
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Is MMJ an LIC?
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No.
MMJ sold/converted its core cannabis holdings to equity in Harvest One before it listed (mid 2017) on the Canadian exchange (TSX-V). MMJ now holds approx 30% of Harvest One and very minor holdings in other cannabis companies (unlisted although one may be listing soon).
MMJ has announced a SPP to raise 10Mill so that it can convert existing warrants to share holdings in several companies over the next two years.
CEO has resigned since the announcement of the SPP. (Not a good look.)
MMJ has potential but I doubt it has the management expertise to realise this potential.
The value of Harvest One has been falling. It's certainly volatile and is finally rising with the recent demand for cannabis stocks on the US/TSX exchanges.
Cannabis stocks are going gangbusters atm, but MMJ is going down possibly due to the SPP dilution.
CRON:us A US company with investments in cannabis companies has doubled in Jan19.
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MMJ have announced a buy-back of some of it's shares. Mgt's have determined that the on-market buy-back is a meaningfully accretive use of its funds. It's another way of saying we don't know what to do with this cash so we'll buy-back our own shares. Pathetic.
Clearly mgt have no ideas about getting further into the rapidly evolving cannabis sector. My earlier doubts about their management ability seems correct.
They've appointed another manager (EBV) for MMJ's investments.
Clearly mgt have no ideas about getting further into the rapidly evolving cannabis sector. My earlier doubts about their management ability seems correct.
They've appointed another manager (EBV) for MMJ's investments.
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With many cannabis stocks rallying today I looked at old MMJ and noticed that it hadn't moved. Typical I thought.
What the heck, it closed at 0.17! Must have been a late rally.
. . . Yep, Tradingview shows it started at 3:15pm.
This is a company that invests in Canadian public and private cannabis companies. If today's demand has included MMJ then it would appear that this rally is part of a global repricing of pot stocks.
What the heck, it closed at 0.17! Must have been a late rally.
This is a company that invests in Canadian public and private cannabis companies. If today's demand has included MMJ then it would appear that this rally is part of a global repricing of pot stocks.
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And AC8 the same timing, although it was noted "getting liquid" earlier in the day, behind closed doors....
It was really puzzling me as to why there wasn't more widespread action out of the cannabis stocks... is the smart money really that dumb and slow? lol.
Hopefully we get a nice king tide for a while..... or whatever floats yer boat !
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Yes, I noticed all the cannabis stocks were bought in the last 45 min of the day. I suggest that news was released about then that powered the sector higher. I don't know what it was but it'll be out there.
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On December 23rd, 2021, MMJ Group Holdings Limited (MMJ) changed its name and ASX code to Hygrovest Limited (HGV).
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On December 13th, 2024, Hygrovest Limited (HGV) changed its name and ASX code to Underwood Capital Limited (UWC).
