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Never heard of Goodness Growth.
Breaking out here..adding
Summer doldrums.
Could catch a little bounce, but expect this action thru Aug...unless major catalyst with federal movement.
Way oversold. RSI super low - Bounce soon. Undervalued MSO here.
Vireo Health International Inc., VREOF, changed to Goodness Growth Holdings Inc., GDNSF:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
Holding the 20dma on low volume, looks pretty situated at the moment IMO
LCK
Showing signs of life.
Nice day today!
Been holding 15,000 @1.07
Waiting to see this their bottle technology take over
I hear what your saying and yes its common in the "stock world" but I believe the float of Vireo is rather small. A big dump could move the needle....
In a perfect world, I would love to see one of the big players to go after Vireo before the expire date
All the best
LCK
Hard to say what will happen on August 1. But, one thing for sure, Linton is too shrewd to immediately dump all his shares on that date. He's been around the block a few times. Whenever he decides to sell his shares, he'll try to maximize his profit. And, most likely, he would do it over time. This type of situation certainly isn't unusual in the stock world.
Will the market still like this news when the hold period of those shares expire Aug 1st?
Im rather new to Vireo, could be a nice play but like you said....the “divorce settlement” looks like he made out pretty darn good, so what if he just unloads everything? Could be a bit ugly you think?
LCK
i wonder what the real story is between VREOF and Bruce Linton. It seems to me that he made out like a bandit with his "divorce" from VREOF. But, the market seems to like the news released late yesterday. So, I like it, too!
The funny thing, though, is that the hiring of Bruce Linton was the only reason I bought my VREOF shares. But, the PPS floundered with him at the helm. When he was let go, I seriously considered selling my shares. But a strange thing happened after he left VREOF. Not long after his departure, the PPS began to flourish and the company is doing just fine.
Anyway, all of this is a big head-scratcher to me. But, like I said, if the market is fine with Linton's severance package, I am, too.
https://finance.yahoo.com/news/vireo-health-former-executive-chairman-230000969.html
Vireo Health and Former Executive Chairman Enter into Mutual Release
MINNEAPOLIS, March 31, 2021 /PRNewswire/ -- Vireo Health International Inc. ("Vireo" or the "Company") (CNSX: VREO; OTCQX: VREOF), a leading physician-led, science-focused, multi-state cannabis company, today announced that it has entered into a mutual release (the "Mutual Release") with Bruce Linton, a globally recognized authority in cannabinoid policy and business and the Company's former Executive Chairman, relating to all outstanding matters between them.
Mr. Linton joined Vireo in November of 2019. On June 8, 2020, the Company elected to terminate its employment agreement with Mr. Linton as Executive Chairman, on an entirely without-cause basis. In connection with Mr. Linton's employment agreement, Mr. Linton received warrants (the "Warrants") to acquire up to 15 million subordinate voting shares (each, a "Share") in the Company. 10 million of the Warrants (the "First Tranche Warrants") have an exercise price of US$1.02 per Share.
As part of the Mutual Release, Vireo has issued 8,000,000 Shares to Mr. Linton. 7,110,381 Shares were issued to Mr. Linton pursuant to the exercise of the First Tranche Warrants on a cashless basis. The remaining 889,519 Shares were issued to Mr. Linton pursuant to a private placement exemption resulting in no cash consideration being paid to Vireo. The Shares issued pursuant to the First Tranche Warrants are free of trading restrictions and the 889,519 Shares are subject to a hold period expiring on August 1, 2021. In addition, as part of the Mutual Release, Mr. Linton has surrendered all right, title and interest in all other Warrants for cancellation.
The issuance of Shares pursuant to the Debt Settlement constitutes a "related party transaction" as this term is defined in Multilateral Instrument 61-101 – Protection of Minority Securityholders in Special Transactions ("MI 61-101"). All of the independent directors of the Company, acting in good faith, determined that the fair market value of the Shares being issued pursuant to the Debt Settlement and the consideration being paid is reasonable. The Company intends to rely on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair market value of the Shares nor the debt exceeds 25% of the Company's market capitalization. The Company did not file a material change report more than 21 days before the expected closing of the Debt Settlement as the details and amounts of debts settled under the transaction were not finalized until closer to the closing and the Company wished to close the Debt Settlement as soon as practicable. All Shares issued to pursuant to the Debt Settlement will be subject to a four (4) month hold period.
Another 13% haircut today? Im waiting for some bull signals, VREOF looks like a nice company for the NY play imo
LCK
Thoughts on the chart over here, could this be the bottom?.....daily RSI close to oversold, candlestick on Fri looks like some indecision but could wake up
NYC going rec adding to the intrigue.....
LCK
numbers are exactly what we thought they would be. LOOKING GOoD. we should move up from here imo.
just added thousands of shares. shares were sold in a perfect 100 lots. THE MMs are playing games. they know they want the price under $3 before ER on Thursday.
I will eat these shares up at 2.90! OR below. wowza. THANKS ALL!
THIS COMPANY IS GROWING AND DOING ALL THE RIGHT THINGS. New stores look amazing and primed for legalization and to take on recreational orders. Just in the past 2 years they have opened 3 locations near me.
Anyone know when the ER is? Has to be this month smh. Looking for solid earnings and a pps bump after
Just got a starter package here, Grizzle guys love Vireo ....lets see how she does
Best wishes, any DD ya wanna send my way I appreciate it
LCK
love this company, both as an investor and customer.
I like what I see, just too small for me, considering the share price. I like Harvest Health, 4Front and Schwazze better for my portfolio.
I list them in my MJ top ten stocks.
JohnCM Investment Corner
I assume you adjusted your view on Vireo?
Some of these smaller ones should have some pretty good upside w/ time.
See... Cannabis Comp Sheet...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=160797794
I don't care to look at companies under $25M quarterly revenue.
Smaller MSO.
Tell me about this company.
MSOS NEW ETF IS BUYING SHARES OF VREOF
I'm still here holding some bags, considered it dead money already but slowly coming backalive. Maybe they got something up their sleeve going forward.
It's funny how the the stock market works, isn't it? One day you're a nothing, but the next day you're a genius. Or, vice versa!!!!
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