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The license and platform alone are worth that paltry cap. If their balance sheet and cash flow improves the way I think the next quarters numbers will show, yes, $5 should be an easy move going toward elections. This election cycle though is looking more and more like a cluster fu(&.
Am I missing something? Market cap is simply outstanding shares x PPS.
An accurate post. The trend of positive news and creation of a new structure on the producer side along with added capital has CANN interest building. You’re seeing old money coming out with new money flowing in. Any large block flowing out is being bought by investors that are “accumulating” here at the .50 level. The stock is a ripper and I just feel one or two more positive events is going to create a surge in the price as we’ve seen before in year’s past. I too am looking at that election cycle jump we got 4 years ago.
Now if a tear should fall if I should whisper her name
To some stranger I'm holdin'
while we're dancin' to an old Buck Owen's song...
Sorry but the name Buck made me do it.
Enjoy the ride, fellas.
Point well made. You’re always learning. And yes, I’ve sometimes questioned the market making that comes with CANN. But at this time, I like the direction management is going in.
I like what I see and I’m accumulating again for this election round. They are working to improve the balance sheets and shift gears toward the grower side as both provide the best way to increase overall valuation and revs.
They are being aggressive, and yes, taking calculated risks. That is the way you get to be a big boy. Management also knows they are still a news driven stock and they’ve expressed that in there methodical press releases.
My opinion, yeah their getting it done.
I was a trader in the NYSE floor for 10 years between 1991 and 2000. My office was on the 86th floor of WTC. I’d say I have a decent understanding of OTC and small caps and the likes of CANN considering I made 6 figures on it several times over four years ago.
All good. I understand your point.
It’s much harder to short pennies these days. What I see is CANN being aggressive, strengthening the sheets, and prepping for growth that’s going to happen exponentially as regulators relax rules and this industry has banking in its pockets.
They are aiming to be a $200 million cap, not this paltry $20 million we see now.
And more good news announced this morning in the form of cash infusion. It’s gonna rip soon.
Good news continues.
It’s definitely good. Getting that old money and getting the new in.
Actually, the political landscape is about to change. Giving banks protection to allow MJ companies to open accounts become truly bankable.
70k shares traded at the close to boost to .53 trying to get in. Some a-hole sells a 1,000 at the bid to have it close on the bid price to keep it under .50. What a prick.
That pop I referred to is happening now. Traders paradise.
Could see another pop near the close. CANN doing some back building here.
Just as impressed with the volume @ nearly a million today. One more positive news release and...boom!
Right now, fear is driving it up. The fear of being left behind.
It’s only a matter of time!
It’s good if excess cap in debt restructuring is purely used for acquisitions and strengthening revs and balance sheet. They are getting a better rate on new notes being issued with warrants.
By strengthening those areas, it’ll allow acceleration in growth. CANN certainly has the appeal of being a future buy out target as well.
Smart play. Earnings on deck next week. News a’ coming. Need movement like Frankensteins EKG monitor.
CANN has announced yet another term sheet for acquisition. They are apparently in the know that deregulation is on the cusp. As they are moving to the “grow” side of the industry.
Platforms for this election cycle will start developing in the 2nd quarter. It should make for an exciting year.
Some people actually believe CNN is real news. Again Surf has nailed it. But don’t let real stats and numbers get in your way of wishing Biden or Hillary were President.
And if you really believe that MJ is not on the table this election cycle, you’re gonna be missing out and simply trading on misinformation.
Oh he cares. He cares ‘bigly’. Banks have already joined the party. Believe, their in-house lawyers doing their fancy risk-analysis sees exactly what I’ve been saying. The float is still the same as it was 2016. Time to ante up. Stay golden Pony Boy.
Spot on Surf. Federal deregulation of MJ is indeed a calling card for the Trump admin and will bolster their margin of victory come Election Day.
CANN is quickly changing its platform in lieu of the deregulation that about to happen and is going to be able to capture those revenues that were once blocked by laws and cash-only payments.
Told ya!
Why? Are you in short position?
CANN announces term sheet to acquire dispensaries. And the news continues to flow!
No split. And this is good news. CANN will be in focus. Annual report coming in February coupled with news and election cycle, it’s about to get real.
Put that coffee down. Time to work!
Backing up the truck. Loading up. 2020, boom!
That’s exactly right. That is why I’ve been saying these two past months are accumulating times.
Right now Bidding has 13,500 shares posted.
I use a bit more sophisticated trading station. Yet it’s all the same when looking at trading quotes offer size.
Any online account app has it when your looking at trading quote. Bid vs Ask. Bid size are buying orders and Ask is vice versa. When the Bid size is significantly higher that when you get upticks on the full quote. Significant volume also provides substantial meaningful data to traders.
Nothing at all. You’re thinking from an investor’s viewpoint. Try a trader’s POV. Look at the the order sizes on the BID.
Enjoy the ride. Ho ho ho! Santa is a genius.