iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
18,464 Blog Posts

Doubled Up on $NBEV, As the Cannabis Trade Goes Parabolic

TLRY is leading the fray. This is just like the bitcoin craze, only with a little more substance.

I thought I was clever when I sold TLRY a month ago for a 35% gain. That was more than 100 points lower from present values. The question I have for you today is this: Is there a better brand for a prospective cannabis infused beverage than Marley Beverages — a wholly owned subsidiary of NBEV?

This is simply a matter of mood and if you think other trades will find this interesting and worthwhile. Pre-revenues, the allure of the idea and power of the prospective brand is all that matters.

I doubled up on my NBEV position, now a 10% holding in my active account with a basis of $2.35.

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4 comments

  1. goldwing

    I recently reminded you of XXII ( originally from you about a year ago). well, they owned 14.8% of Anandia labs and in June Aurora Cannabis acquired them. So in a small way it is proxy to cannabis mkt ( in addition to their own research with medical cannaboids). Aurora Cannabis (ACBFF US pink sheets) seems to be a better much more diversified cannabis play than NBEV. IMHO of course.

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  2. acehood

    Yeah – check out PHVAF. Ex Red Bull execs involved.

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  3. helen

    I happen to personally know an officer of this company. He is thoroughly corrupt. Buying this as a buyout speculation is one thing. Don’t be fooled by thinking that this is buy and hold.

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