108

Alcanna (CLIQ-T)

ON STOCKCHASE SINCE Oct 2004

Previously Liquor Stores N.A. Ltd (LIQ-T)

merchandising/lodging

Alcanna
CLIQ-T

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Signal	Opinion	Expert
WEAK BUY	Alcanna(CLIQ-T) April 23, 2019 They've struggled with their liquor business, and are expanding into cannabis in BC and Ontario, and that takes capital. You must be patient here like a few years, but they should make a lot of money in cannabis in the future. Now is a good time to look at CLIQ. merchandising/lodging 0 0 0 0 0 0 comments	They've struggled with their liquor business, and are expanding into cannabis in BC and Ontario, and that takes capital. You must be patient here like a few years, but they should make a lot of money in cannabis in the future. Now is a good time to look at CLIQ. merchandising/lodging 0 0 0 0 0 0 comments Colin Stewart CEO & Port, JC Clark Investments... Price $0.000 Owned Unknown

PAST TOP PICK	Alcanna(CLIQ-T) February 5, 2019 (A Top Pick Apr 24/18, Down 47%) It's oversold. He's watching it and may buy back his position. They've gotten into cannabis retailing out west and are looking at Ontario where he expects them to have a strong presence. Note: Aurora bought 25% of CLIQ at $15/share (today $5). Ouch. merchandising/lodging 0 0 0 0 0 0 comments	(A Top Pick Apr 24/18, Down 47%) It's oversold. He's watching it and may buy back his position. They've gotten into cannabis retailing out west and are looking at Ontario where he expects them to have a strong presence. Note: Aurora bought 25% of CLIQ at $15/share (today $5). Ouch. merchandising/lodging 0 0 0 0 0 0 comments Colin Stewart CEO & Port, JC Clark Investments... Price $5.260 Owned No
DON'T BUY	Alcanna(CLIQ-T) January 14, 2019 The dividend isn't safe given company turmoil. They're converting Alberta liquor stores into cannabis retail, partnering with Aurora. This is a speculative play and a logistical challenge. It's difficult to run cannabis retail when you have no product to sell. The upside is that Aurora could just vertically integrate and own the entire channel. merchandising/lodging 0 0 0 0 0 0 comments	The dividend isn't safe given company turmoil. They're converting Alberta liquor stores into cannabis retail, partnering with Aurora. This is a speculative play and a logistical challenge. It's difficult to run cannabis retail when you have no product to sell. The upside is that Aurora could just vertically integrate and own the entire channel. merchandising/lodging 0 0 0 0 0 0 comments James Hodgins Chief Inve, Curvature Hedge Stra... Price $4.700 Owned No
COMMENT	Alcanna(CLIQ-T) November 29, 2018 Pot retail and alcohol retail. Interesting as it has exposure to the marijuana space without the higher valuation. Even as he doesn't like the sector in general this is a good way to dip your toes in it. merchandising/lodging 0 0 0 0 0 0 comments	Pot retail and alcohol retail. Interesting as it has exposure to the marijuana space without the higher valuation. Even as he doesn't like the sector in general this is a good way to dip your toes in it. merchandising/lodging 0 0 0 0 0 0 comments Ryan Modesto Managing P, 5i Research... Price $7.200 Owned _N/A
PAST TOP PICK	Alcanna(CLIQ-T) November 19, 2018 (A Top Pick Jan 23/18, Down 33%) Recently exited it. Aurora owns 25% of the company, but Ontario just said that a weed company can't own more than 9.9% of a retailer, so it's a challenge for them in how to develop their cannabis side. He'll continue to track this. There's risk to raise capital for them and that could pressure the share price. merchandising/lodging 0 0 0 0 0 0 comments	(A Top Pick Jan 23/18, Down 33%) Recently exited it. Aurora owns 25% of the company, but Ontario just said that a weed company can't own more than 9.9% of a retailer, so it's a challenge for them in how to develop their cannabis side. He'll continue to track this. There's risk to raise capital for them and that could pressure the share price. merchandising/lodging 0 0 0 0 0 0 comments Colin Stewart CEO & Port, JC Clark Investments... Price $7.760 Owned No
WATCH	Alcanna(CLIQ-T) October 17, 2018 It's now half-liquor, half-weed, but liquor hasn't seen much growth in Alberta, so one part of the business is sidways and the other is a question mark, probably upwards. There are too many if's with CLIQ, but he's been watching it for a long time. 3.3% dividend merchandising/lodging 0 0 0 0 0 0 comments	It's now half-liquor, half-weed, but liquor hasn't seen much growth in Alberta, so one part of the business is sidways and the other is a question mark, probably upwards. There are too many if's with CLIQ, but he's been watching it for a long time. 3.3% dividend merchandising/lodging 0 0 0 0 0 0 comments Chris Stuchberr Portfolio , Wellington-Altus Pri... Price $10.860 Owned No
BUY	Alcanna(CLIQ-T) September 10, 2018 He still likes it. They are a leading liquor retailer and will get into Cannabis. They will be getting into Ontario as well as where they are in Alberta. They generate free cash flow and earnings already. It is a stealth way to play the cannabis sector. merchandising/lodging 0 0 0 0 0 0 comments	He still likes it. They are a leading liquor retailer and will get into Cannabis. They will be getting into Ontario as well as where they are in Alberta. They generate free cash flow and earnings already. It is a stealth way to play the cannabis sector. merchandising/lodging 0 0 0 0 0 0 comments Colin Stewart CEO & Port, JC Clark Investments... Price $9.700 Owned Yes
BUY	Alcanna(CLIQ-T) July 23, 2018 The liquor and cannabis businesses are two distinct and different businesses. CLIQ-T are going through a very extensive renovation this year. They are doing the right long term thinks in the business but it will impact it short time. There is great long term upside. merchandising/lodging 0 0 0 0 0 0 comments	The liquor and cannabis businesses are two distinct and different businesses. CLIQ-T are going through a very extensive renovation this year. They are doing the right long term thinks in the business but it will impact it short time. There is great long term upside. merchandising/lodging 0 0 0 0 0 0 comments Colin Stewart CEO & Port, JC Clark Investments... Price $9.120 Owned Unknown
COMMENT	Alcanna(CLIQ-T) June 19, 2018 Dominant position in Alberta liquor, which is competitive, so they're diversifying. Trying to acquire licenses in cannabis, which is an interesting opportunity. Liquor business in turnaround mode which will improve over next few years, but market isn't giving value to the cannabis division. Will have a strong position when the licenses come through. merchandising/lodging 0 0 0 0 0 0 comments	Dominant position in Alberta liquor, which is competitive, so they're diversifying. Trying to acquire licenses in cannabis, which is an interesting opportunity. Liquor business in turnaround mode which will improve over next few years, but market isn't giving value to the cannabis division. Will have a strong position when the licenses come through. merchandising/lodging 0 0 0 0 0 0 comments Colin Stewart CEO & Port, JC Clark Investments... Price $9.110 Owned Yes
HOLD	Alcanna(CLIQ-T) May 8, 2018 ACB paid a premium to the market price, hoping that it will become a distributor. That has not happened yet. The market price has not risen to the price ACB paid. This company is a former income trust. Like all other income trusts, they neglected their CAPEX. Their starting to do maintenance on their stores now, making them look better. The new management team will spend a lot of money on this. It will be messy for several quarters. Longer term, after they clean up their stores and the Alberta economy picks up again, will be a good holding. The dividend is not high enough to make the stock exciting for investors while they wait, so he doesn’t own it, but if he did own it, he wouldn’t be in a rush to sell it. If they do start to distribute marijuana, the stock will pop. merchandising/lodging 0 0 0 0 0 0 comments	ACB paid a premium to the market price, hoping that it will become a distributor. That has not happened yet. The market price has not risen to the price ACB paid. This company is a former income trust. Like all other income trusts, they neglected their CAPEX. Their starting to do maintenance on their stores now, making them look better. The new management team will spend a lot of money on this. It will be messy for several quarters. Longer term, after they clean up their stores and the Alberta economy picks up again, will be a good holding. The dividend is not high enough to make the stock exciting for investors while they wait, so he doesn’t own it, but if he did own it, he wouldn’t be in a rush to sell it. If they do start to distribute marijuana, the stock will pop. merchandising/lodging 0 0 0 0 0 0 comments Fabrice Taylor Publisher, The President's Club... Price $9.550 Owned No
TOP PICK	Alcanna(CLIQ-T) April 24, 2018 Their core liquor business is in turnaround mode, run by new management who are doing all the right things. They are focusing on private labels. They have been renovating their stores, they plan to open up to 50 new stores this year in Alberta and BC, liquor retailing is a good steady business as it is, which is good for this point in the business cycle, and they expect to increase sales with cannabis next year. They received a strategic investment from Aurora Cannabis, which now owns 20% of the company and will buy another 5% for $15 per share even though the company trades under $10 today. The western provinces are talking about privately owned cannabis stores, so the opportunity for them to move into this business in a big way is realistic. (Analysts’ price target is 13.10$) merchandising/lodging 0 0 0 0 0 0 comments	Their core liquor business is in turnaround mode, run by new management who are doing all the right things. They are focusing on private labels. They have been renovating their stores, they plan to open up to 50 new stores this year in Alberta and BC, liquor retailing is a good steady business as it is, which is good for this point in the business cycle, and they expect to increase sales with cannabis next year. They received a strategic investment from Aurora Cannabis, which now owns 20% of the company and will buy another 5% for $15 per share even though the company trades under $10 today. The western provinces are talking about privately owned cannabis stores, so the opportunity for them to move into this business in a big way is realistic. (Analysts’ price target is 13.10$) merchandising/lodging 0 0 0 0 0 0 comments Colin Stewart CEO & Port, JC Clark Investments... Price $9.820 Owned Yes
WATCH	Alcanna(CLIQ-T) February 28, 2018 Is this a buy over the next 1-2 years? He thinks the buy in by Aurora was interesting. Their existing business is going through transformation and they are working at trying to improve on or sell assets – especially in Alberta. He is on the fringe of wanting to own it. merchandising/lodging 0 0 0 0 0 0 comments	Is this a buy over the next 1-2 years? He thinks the buy in by Aurora was interesting. Their existing business is going through transformation and they are working at trying to improve on or sell assets – especially in Alberta. He is on the fringe of wanting to own it. merchandising/lodging 0 0 0 0 0 0 comments Bruce Campbell President , Stone Castle Investm... Price $12.150 Owned No
TOP PICK	Alcanna(CLIQ-T) January 23, 2018 He likes liquor retailing in general and Alberta has been in the dumps. However, there’ve been a number of things happening. There was a proxy contest the new management and the board put in place. Feels new management is doing a good job. They've sold some US assets off. They are using those proceeds to pay down debt and reinvesting in their tired store base in Alberta. They’re the largest player in Alberta and it is a pretty lucrative market. If there is any improvement, in oil prices and the Alberta economy, such as there has been recently, this company is poised to benefit. There’s been some speculation, that because of the large number of stores in Alberta, there are opportunities for them to benefit from converting some into cannabis stores. Dividend yield of 3%. (Analysts' price target is $11.88.) merchandising/lodging 0 0 0 0 0 0 comments	He likes liquor retailing in general and Alberta has been in the dumps. However, there’ve been a number of things happening. There was a proxy contest the new management and the board put in place. Feels new management is doing a good job. They've sold some US assets off. They are using those proceeds to pay down debt and reinvesting in their tired store base in Alberta. They’re the largest player in Alberta and it is a pretty lucrative market. If there is any improvement, in oil prices and the Alberta economy, such as there has been recently, this company is poised to benefit. There’s been some speculation, that because of the large number of stores in Alberta, there are opportunities for them to benefit from converting some into cannabis stores. Dividend yield of 3%. (Analysts' price target is $11.88.) merchandising/lodging 0 0 0 0 0 0 comments Colin Stewart CEO & Port, JC Clark Investments... Price $11.990 Owned Yes
COMMENT	Alcanna(CLIQ-T) January 4, 2018 When they went public he thought it was a great concept – publically owned liquor stores, but it has not done much. Cannabis would give it a bit of a lift but for now it is an income play. You won’t make a lot of money. You can do better with a telco, pipeline or bank. merchandising/lodging 0 0 0 0 0 0 comments	When they went public he thought it was a great concept – publically owned liquor stores, but it has not done much. Cannabis would give it a bit of a lift but for now it is an income play. You won’t make a lot of money. You can do better with a telco, pipeline or bank. merchandising/lodging 0 0 0 0 0 0 comments David Baskin President, Baskin Wealth Manage... Price $11.090 Owned Unknown
DON'T BUY	Alcanna(CLIQ-T) December 11, 2017 He said several years ago to stay away because they needed such renovation of their stores. They are now reestablishing their western Canada presence and selling off their US stores. Cannabis may or may not be the savior of the stores. merchandising/lodging 0 0 0 0 0 0 comments	He said several years ago to stay away because they needed such renovation of their stores. They are now reestablishing their western Canada presence and selling off their US stores. Cannabis may or may not be the savior of the stores. merchandising/lodging 0 0 0 0 0 0 comments Stephen Takacsy Chief Inve, Lester Asset Managem... Price $10.520 Owned Unknown

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