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How to buy ~ WEED

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So Canada joins Uruguay as a country that has fully legalized the sale of cannabis. The new companies that have formed in order to deliver this product to the overall Canadian recreational market does have an upside potential for investment after all you're getting into something early!

The 3 stocks we will focus on have taken a beating on the exchanges in the last couple of days. That creates a buy opportunity; rather than the run up when they were first initially offered.  Remember as trying to think of it as a sale.  People have a tendency to only want to buy when the price is going up just like a lottery jackpot.  Regardless if the jackpot is $20 million or like the Mega Millions at last count 1.6 billion all of a sudden everyone and their neighbor is getting a lottery ticket.  The odds for the lottery have never changed they had just an equal chance with the one ticket to win 20 million as they do 1.6 billion but they buy because of frenzy.  In the stock market we avoid this behavior at all costs!  The first company we will look at is:

Canopy Growth: Symbol WEED-CA (Toronto exchange) as of the time of the writing of this article it is currently selling at $50.46 a share well off it's 76.68 cents high for the year.

Canopy Growth Corp is a multi-brand cannabis company. They maintain the brands know as  Tweed Inc (former name of the company), Bedrocan Canada Inc, Tweed Farms Inc and Mettrum Health Corp. They engage in the business of producing and selling legal marijuana in the Canadian medical market previously and now looking into selling marijuana in the recreational market in Canada.

Canopy Growth was the fist cannabis company to be traded in North America; back in April 2014. 

You can explore their company website here:

Our second company and probably hardest hit this week is:

Tilray: Symbol TLRY (NASDAQ) it is currently selling at $113.11 well below it's yearly high of $300 this is do to the fact investors would be familiar with a NASDAQ stock and the company had initial speculation when it debuted back on July 17, 2018. Again avoid the frenzy! $300 tsk, tsk, tsk.

Tilray focuses on providing medical marijuana through distributors to pharmaceutical companies, while based in British Columbia, Canada they distribute in Canada and worldwide to countries like Germany, Australia and New Zealand.

You can explore their company website here: 

Our 3rd company:

Aurora Cannabis: Symbol ACB-CA (Toronto Exchange) it is currently selling at $9.75 a share off of it's 52 week high of $16.24 for the year.

Aurora engages in the production and distribution of medical cannabis. The focus on all areas of production and distribution in facility engineering, breeding and genetics research, home cultivation, wholesale and retail distribution. They have operations in about 20 countries worldwide.

Aurora currently only allows Canadians to register on their website.

Yes there are other weed based companies and this industry is expected to grow as more US states legalize recreational and medical use.  We are not currently adding any of the 3 stocks above to our portfolio at this time but I did want to provide you with information if you were looking to invest in this new industry. 

Donations: Paypal: this is meant for entertainment and educational purposes only investments and purchases are your choice and I always recommend speaking with a licensed financial advisor before making any investment decisions.


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