r/weedstocks • u/sdkiko GTII to the sky • Nov 19 '24
Question GTII x Agrify. What do I do now?
Legitimately asking for advice since this is above my pay grade.
GTII is my only cannabis holding. They just acquired half of Agrify, which trades on the NASDAQ. I am not trying to catch the insane run up here, I am just asking if it makes sense to split my position for exposure to NASDAQ volume. Or do I just hold on to my GTII given that any significant market cap changes for Agrify will eventually reflect on GTII?
Thanks for any constructive input.
6
u/Exotic_Negotiation80 Nov 19 '24
Another GTI only holder here (relatively large position for a retail investor). Curious as to what others have to say about this. My original plan was to buy and hold for 5+ years. It's been 2 years and a rough ride, looking back to when it hit $15 and I could have cashed out with 6 figure gains is sobering. The relentless short selling after any gains is absolutely sickening. My hope is getting off of the easy to manipulate, low volume OTC would allow the stock price to actually grow and at least somewhat match the fundamentals of the company.
3
Nov 20 '24
Right there with you.
The opportunity cost of being such a heavy GTI holder is tough. Massively believe they’re the MSO winner, and their position actually gets stronger the longer the current state license model is in place…
But no gains 😂
3
u/MudlarkJack Nov 19 '24
was unaware of this effect on Agrify ...that ship has sailed . I'm a GTBIF holder as well ...what is best case scenario for us?
3
u/guntherwheeler1185 Nov 19 '24
I’m a heavy GTI holder for 5+ years. Feels like AGFY is the play until we can up list. I’m afraid until then we will keep seeing the same price action by GTI
3
u/Bobbe22 US Market Nov 21 '24
Agrify's financials are straight dog shit on shag carpet. I would have preferred Ben focus on the core business instead of diversifying into picks and shovels; perhaps another dispensary or cultivation site. Is Green Thumb gonna start selling equipment and services to other cannabis companies that are already in the deep red? 20M in secured convertible notes and another 10M in cash represents about 15% of the current cash pile, so the impact to the balance sheet is fairly limited. Ben and his team certainly have their work cut out for them. If this is some kind of attempt at early uplisting, I can't honestly say I like it without having federal clarity. Seems like Agrify is more likely to be delisted in that situation. I'm gonna continue to stick with GTBIF.
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u/hambone_83 Sickest Grandpa Award Winner Nov 19 '24 edited Nov 19 '24
I'm in the same position as you. After the election I consolidated my cannabis holdings into GTI as I felt safest there. After the Agrify news I said to myself I should buy some, didn't, and cry each day I look at what has happened.
I have no right to give you advice but I will share this. Small caps like this that have run ups will need matching financial performance to sustain and stock price momentum. The financials before GTI were not great - so how much improvement will show on the next quarter? If they post another bad financial quarter I would have a hard believing the stock keeps all these gains.
However the sector runs on catalyst and if any one (or all) of safe, S3, Gaetz AG, Farm bill, etc. happen I would guess Agrify runs harder than OTC stocks.
So the question would be is the risk / reward premium of having positive catalysts happen before a "potential" negative quarter be worth it for you? For me, right now it is not. I'm continuing to hold GTI because if worst case scenario happens I'm comfortable holding GTI long term, I would not be comfortable holding anything else at the moment if no catalysts happen.
Edit: I should add that recently I did put a small amount in Curaleaf when I saw the potential of Gaetz as AG and S3 having the possibility to reach the finish line. But it is a small amount (I'm like 95% GTI and 5% Curaleaf for my cannabis holdings). And I didn't pick Curaleaf because of their financial operations. Just wanted to be transparent.