Cannabis Stocks thread: CGC TLRY ACB SNDL APHA GRWG CRON HEXO MJ etc trading

Overnight said:
Is this good or bad?
More...
Of course it's good (I hope :)), b/c I wanted to have it; I just had to wait about 3 days till it finally reached my Bid...
It has a DTE of about 14 months, ie. is practically a long term investment one can say,
though of course I as the owner of these stock options can close the position any time, if I wish so.

The goal is of course that in these 14 months the stock shall rise above $1 from its current price of $0.67 or so. If the stock stays below $1 then my options will expire worthless and I'll have lost the premium I had paid for it. Otherwise of course the difference from spot to strike will be the profit. I just hope for some big spike events in between, for example on quarterly Earnings Release dates or other events like if some more countries liberalize their pot politics (this then means more sales for the company)...

SNDL is a Canadian company, I think Canada's pot politics is more liberal than that of US states, so if US states liberalize/legalize pot usage (soft/moderate drugs like marijuana, cannabis etc.) then this is of course good for the company since sales will then skyrocket :), so my hope :)
 
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Motley Fool has analyzed SNDL:

https://www.fool.com/investing/2021/11/21/where-will-sundial-growers-be-in-3-years/
Where Will Sundial Growers Be in 3 Years?
The Canadian cannabis stock might be ready to show investors it has their best interests at heart.
Rich Duprey
(TMFCop)
Nov 21, 2021 at 6:50AM

Key Points
Sundial has destroyed shareholder value over the past two years through massive stock dilution.
Now it's buying back shares to boost its stock price.
Management needs to show a commitment to investor interests as it expands into new verticals.
Motley Fool Issues Rare “All In” Buy Alert

Sundial Growers (NASDAQ:SNDL) is one of the major marijuana stocks investors like to dump on, and sometimes with good reason. The company has been known to make moves that hurt its credibility with investors.

Yet it does have a large cadre of followers, particularly from its early days as a Reddit meme stock favorite, and it has the potential to be a good business (if not always a good investment). For longer-term investors, let's see where this Canadian cannabis producer might be in three years. ... <ctd at the above link>
 
BTW, the same strategy described above with SNDL, I'll try to do also with another such penny stock options:
stock ticker SLNO (Soleno Therapeutics, Inc). It's a small pharma or biotech company, but I think it could explode soon, I of course mean that the stock price could go sharp up soon.
At the moment the stock has become cheaper, cf. chart. Volume as well AvgVolume is low, last price is $0.6682.

Company Profile by YahooFinance ( https://finance.yahoo.com/quote/SLNO )
"
Soleno Therapeutics, Inc. (SLNO)
NasdaqCM - NasdaqCM Real Time Price. Currency in US
http://soleno.life
Sector(s): Healthcare
Industry: Biotechnology
Full Time Employees: 17

Soleno Therapeutics, Inc., a clinical-stage biopharmaceutical company, focuses on the development and commercialization of novel therapeutics for the treatment of rare diseases. Its lead candidate is Diazoxide Choline Controlled-Release (DCCR), a once-daily oral tablet for the treatment of Prader-Willi Syndrome (PWS), is being evaluated in a Phase III clinical development program. The company was formerly known as Capnia, Inc. and changed its name to Soleno Therapeutics, Inc. in May 2017. Soleno Therapeutics has collaboration with Vanderbilt University to discover and develop next generation K(ATP) channel activators for the treatment of rare diseases. Soleno Therapeutics, Inc. was incorporated in 1999 and is headquartered in Redwood City, California.
"
 
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Legality of recreational cannabis by U.S. states:

legalized_recreational_cannabis_in_US_states.png

Source: https://en.wikipedia.org/wiki/Legality_of_cannabis_by_U.S._jurisdiction

And did you know:
"Cannabis is also believed to be California's number one cash crop. In California, marijuana is a $14-billion black market, putting it above vegetables ($5.7 billion) and grapes ($2.6 billion).[5] " https://en.wikipedia.org/wiki/Marijuana_Control,_Regulation,_and_Education_Act
 
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The very 1st action of the new German govt is... :)
"
New German government to legalize cannabis
24 Nov, 2021 14:05 / Updated 7 hours ago

The agreement between Germany’s Social Democrats, Free Democrats and the Greens includes provisions for decriminalizing marijuana consumption. It was confirmed on Wednesday by German news, who obtained the text of the document.

Reports say that the government will set up a system of “controlled distribution of cannabis to adults”for recreational consumption through licenced shops.
...
" https://www.rt.com/news/541199-new-german-government-legalize-cannabis/
 
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