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Of Dogs and Pony Shows....and Q2
This dog of a stock has emphysema --won't hunt very far afield. The cons: Closed MI. Guess there were no buyers! Said they haven't found a partner nor a vendor in Florida to sell anything besides Fluent Brands (so much for depth or selection) won't disclose what they did at the Annual Meeting vis-a-vis preferred shares, or the name change?? Looks like they are fiddling w/ Homestead grow in the notes and need to revamp the method of grow to increase the bio asset side...$$$$? Rambled about climbing to number two in sales in FL???? Did not open a single FL store in 1H '22...but planning on additional dispensaries by 2H??? There's a reason for no PRs!! Perhaps they did not do anything noteworthy, or nobody there has creative writing talent? Well, I see a glass lacking water with a dried-on sediment stain. Does CNTMF think they are going to get to number two and everyone else is going to sit on their lazy posterior and wait for them to do it? Verano is opening a new dispensary on average under a month in FL. How about a new location on a place called Fantasy Island?
Turning into a three-trick pony. The pro's: They think they are too big, and too well capitalized to support just any buyer but a much bigger and better company. CEO said he was misquoted as in looking for a buyer by a blogger. Opened a new PA disp, will spend more on TX med facility, added an increase in FL Revs despite no new locs (Revs grew sequentially and best in Co's history) and reported a loss of only 5-cents per share.
Looking forward to seeing the Annual and Quarterly numbers in detail, expected to be out by tomorrow.
https://www.otcmarkets.com/stock/CNTMF/news/Cansortium-Reports-First-Quarter-2022-Financial-Results?id=359403';
Picked up some shares today and have additional cash available if I like what the reports say.
All the best,
Knife
Guess I could have waited a few more days to start a position, lol. We'll see where it bottoms out soon enough.
All the best,
Knife
Still not convinced the selling is done, but did pick up a little today to start. If it does crawl down to .15 well we shall see
Give me some .15 lol
Even the RSI on the Weekly chart is well into oversold territory.
https://schrts.co/qWuzHyWy
As assets become available I will continue to pick up blocks of shares. They are financially stable with an Operating profit, looking forward to the 10K for more up to date DD.
All the best,
Knife
Yes but it is looking like somebody wants out of a large position. Still crazy cheap though
CNTMF is valued at less than 2x Annual revenue and had a $2.2m Operational profit in Q3, something most in the sector can only hope for. Looking forward to seeing Q4's numbers and some additional DD available in the Annual filing.
All the best,
Knife
Initiated a position here, planned for trading at the moment but the company has solid potential and may turn into an investment.
All the best,
Knife
Not looking good here today. Bad news on the horizon? Somethings up over 800k traded less than 2 hours into open.
Anybody else on here! Volume very large this morning and almost 100k here @ 1.14 don't look to bad right now after that
Any guesses on earnings. Wonder if Trulieve is watching these guys for a buyout.
Volume continues to be impressive as it continues to tick up.
$3 to $5 easy .... damn I should held them .05
Slowly continues to tick up
#1. This last Cannabis move has the underpinnings to last into the foreseeable future. BIG Cannabis is here to stay.
#2. All companies are possible buyout targets.
#3. The "Reddit Pump" crushed many charts and MJ is still feeling the effects.
#4. The Cannabis play is largely moved by sentiment. The momentum play is almost dead. Looking for a bottom. Will return.
Cntmf has 1 of 4 grow licenses from Texas ...
Could see buyout offer ..
Probably at $0.60??
"The extension of the $10.0M convertible Notes is an important milestone, significantly improving the Company's balance sheet," said Executive Chairman, Neal Hochberg. "Additionally, we are in advanced discussions with multiple investor groups to address our debt maturing in May 2021. Over the past year, the Special Committee has led the restructuring of the business of the Company, disposing non-U.S. assets and focusing on operations in Florida, Pennsylvania, Michigan and Texas and more than doubling monthly revenue."
Not to bad ... for current foot print and current PPS .
Investor Note: In addition to the 113,803,920 Common Shares that are listed and trading, there are 7,411,183 Proportionate Voting Shares, convertible into Common Shares at a ratio of 1:10, that are issued and outstanding but not listed. The total number of issued shares, assuming all are converted into the listed class, would be 187,915,750.
https://thecse.com/en/listings/life-sciences/cansortium-inc
https://www.stockwatch.com/Chart/Advanced
All we need is more flower , we got the locations .
Looks like a decimal error to me... I hate it when that happens, totally messes up my chart! New here.
For real, I have been trying to get this stock out there but dang that .99 looked so good. If they could hold above $1 we will be sitting reallllly well!
Can someone explain the almost $8 trade today. I almost crapped myself thinking that this was going to stay haha
If I recall the last time this happened with the convertibles the stock price went up. Sad to see this dip down into the 60s when we were so close to going above 1$. I've been holding this for a long time and really like what I've seen so far. Long hold for me, if only Florida would legalize it this thing would take off like crazy. GLTA
Goo luck to you also. Mow would be a good time for another company buying another one out to bring the focus here. I have not sold as I believe Congress is going to bring this sector back in focus very soon. The only problem if you sell for a loss you will be locked out from buying again for 30 days. Again GLTU.
Im out at .73, it was the chart that was attractive to me. Broke some levels today that Im just not cool with.
Best wishes
LCK
Sorry man, a closer read it just looks like a debt swap internally with the directors....I don't think its shares on the open market. Im not so savvy with the lingo of these PRs
Heres the link if you want to check into it
https://finance.yahoo.com/news/real-brokerage-reports-q2-2020-142900726.html
LCK
That stinks. How many? Still believe we will get bought out. If not the l-term is still very good.
Looks like some shares at .60 coming out....boohoo
LCK
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