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CH1

The Artist Formerly Known as chiggins.
I'm looking for a new broker on the CDN side. My RSPs are with RBC because that was my bank when I was 20. Nothing about them is good -- interface, tools, commissions, etc. It's just a hassle to switch....but plan on doing so in 2020
 

MindzEye

Wayward Ditch Pig
I'm looking for a new broker on the CDN side. My RSPs are with RBC because that was my bank when I was 20. Nothing about them is good -- interface, tools, commissions, etc. It's just a hassle to switch....but plan on doing so in 2020
My TFSA and RRSP trading accounts are with BMO. Not impressed with them on those levels either. TD is a gong show of platform outages from what I've heard. Interactive is the gold standard for serious traders in Canada from what I've been told, but I've never used it myself.
 

CH1

The Artist Formerly Known as chiggins.
I have my TFSA and Trading account with Interactive. Very happy with them. I could move everything there I suppose.
 

aniablue

Well-known member
AS you can see CH1 out of boredom, its paying off so far I will just say, I think you make 300-500% on this over the next 60 days. I may be a freak, particularly re: Leafs. But I do know winners from losers in the stock operators game.

Interactive brokers? Woof. Everyone I know is pretty pissed about their login process. Pretty tough stuff for most.

And thanks for having some BeLeaf in me... Appreciate that.
 
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CH1

The Artist Formerly Known as chiggins.
Missed the monster move in CGC yesterday but caught the dip today. Good R/R as these names have been beaten to a pulp.
 

aniablue

Well-known member
BTW best broker imho is out of toronto and he is with Mackie Research. 42 years in the business. Has tricks, legal tricks, no one else has even thought of, gimme a PM if you want a connect.

Always put the client first, ahead of his own account. Good ole boy.
 

MindzEye

Wayward Ditch Pig
Ontario removing the cap on number of pot shops.

Too little, too late?
No. Game changer that won't save poorly run companies who built out for an industry that never existed, but will now save those who were some combination of competently run and had the foresight to cash up while the the capital markets were puking out huge money at every equity raise out there.

The rumour is 500 licenses. If the government just awards licenses and largely gets out of the way, all 500 will be running by the end of 2020.
 
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Altair

Well-known member
Not sure if I'm a fan of allowing individual companies to own up to 75 individual stores, but this was long overdue.
 

Altair

Well-known member
I'm good with it. If Canopy or whoever wants to do their own retail, let them.
Weed Walmart is going to eat up the mom and pop pot shops.

That said, once Quebec gets its head out of its ass, canada might have a decent weed retail market.
 

MindzEye

Wayward Ditch Pig
Weed Walmart is going to eat up the mom and pop pot shops.
Not necessarily. There's no cap on liquor licenses held by companies in Alberta for example, and there's tons of mom and pop shops to go along with the big chain stores. Shit, Aurora's store in WEM has been pretty universally panned as a low rent apple store knock off. Retail is it's own monster entirely. Where the big boys have the advantage is in the truly high profile, high traffic locations. Mom and Pop can't afford the rent there. But in central Scarborough? Mom and pop will reign supreme.



That said, once Quebec gets its head out of its ass, canada might have a decent weed retail market.
Quebec's head is probably lodged in it's ass permanently. But with Ontario-BC-Alberta figuring their shit out, that's fine. Not ideal, but fine.
 

CH1

The Artist Formerly Known as chiggins.
Loblaws/Shoppers will be the mainstream go to by 2025. The competition will be artisanal indie shops for the craft/prime products
 

MindzEye

Wayward Ditch Pig
Loblaws/Shoppers will be the mainstream go to by 2025. The competition will be artisanal indie shops for the craft/prime products
I don't know if I agree bro

- Loblaws is already liquor licensed and I don't see regulations any time soon that will allow cannabis and alcohol retail under the same roof
- Shoppers will be a major player on the pharma/medical end of things (and I fully expect 3.0 products by then) but I doubt we see them as a major recreational retailer. Especially considering how much specialty retail regulation is going to be involved in selling the 2.0 products that will very likely be the majority of the retail market by then

I mean, both are huge companies that could easily scale their own cannabis retail if they wanted to. But I'd assume that a big part of any desire to get into it would be to leverage existing infrastructure (buildings, employees, etc) instead of big CapEx to spin out dedicated retail. I don't think cannabis retail is going to be as simple as a shelf of ganja next to the ibuprofen or across from the pasta.
 

CH1

The Artist Formerly Known as chiggins.
It’ll be interesting... we’ll see. I included Loblaws because I wasn’t sure everyone here knows they own Shoppers. I think the latter will get into recreational by 2025— it won’t sit next to the Advil — you’ll have to ask the pharmacist for your Purple Kush the way you ask for Tylenol 3 today. I don’t think the physical barrier between pot and the consumer will go away any time soon. Even at hipster Tokyo Smoke, the barrier is there.

As an aside, I also think there’s a decent chance there won’t be much of a distinction between medicinal and recreational in a mature legal framework. You might have a sore back; I’m feeling anxious. There’s relief in a certain strain for both of us.

my biggest concern is can they lower prices sufficiently to stamp out a big chunk of the black market? These government clowns need to borrow a page from Amazon — sell at a loss if necessary to gain long term market share.
 

aniablue

Well-known member
Apologies to HOLL purchasers. MOTA got moved up in line, I posted MOTA at .44 its now .61. However, HOLL which I originally posted at .16, is waddling in at .125-.14.

Both will do incredibly well. IMHO>
 

MindzEye

Wayward Ditch Pig
It's cool Teeds, on the first day I was watching it, holl went to .22 and then shit out immediately. I wasn't going to buy until it broke that resistence level so I've yet to enter.
 
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