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No, it's still able to trade, just nobody wants to. Same old same old. DEAD STOCK
Did it stop trading? Wait a minute, it was trading just an hour ago. $404 in total trades. What happened. Isn’t the micro conf. happening today? Maybe it’s not going to well.
A person could have a debate of all that. Either one or the other doesn’t make a lot of sense to me.
I do understand if you’re going to get high or drunk leave the gun behind. That makes sense, but not even owning a gun, even if it’s locked up at home, because you might happen to get drunk or high, well, no, that doesn’t.
Now I’m guessing I don’t align with everybody on guns anyway. I have my rifles for deer hunting, shotguns for duck hunting, handguns, but I don’t see a need for assault style rifles, I just don’t and if I had one, I doubt if I would ever use it. On the other hand, I’m a strong believer, as most Americans in having a right NOT to be shot. Like I said, I may not align well with everyone.
FYI - Last October President Biden asked the attorney general and Department of Health and Human Service to review cannabis classification under federal law as a Schedule 1 drug, the same classification as heroin and LSD. The move came as part of another important marijuana announcement – Biden’s pardon of all prior federal offenses of simple cannabis possession. Then in December, Biden officially signed a marijuana research bill into law, making history by enacting the first piece of standalone federal cannabis reform legislation in U.S. history,
Now, as the Biden Administration is actively reviewing cannabis classification, this diverse group is partnering with scientific and legal experts to launch the Coalition for Cannabis Scheduling Reform (CCSR), which will engage with stakeholders in the Executive Branch as well as the FDA, DEA, Department of Health and Human Services, and Department of Justice. The goal is to provide critical information and analysis concerning the cannabis scheduling reform.
“We formed the Coalition for Cannabis Scheduling Reform to help bring cannabis regulation into line with modern science, medicine, and law,” stated Bryan Barash of Dutchie. “The schedule I classification of cannabis has done irreparable harm for decades, particularly in communities disproportionately impacted by the War on Drugs. We are optimistic that the Biden Administration will take significant steps toward closing this destructive chapter of US history.”
Almost 2 hr's in $209 in trades at 17 dollar per
You know, the problem with overextending is you don’t realize it until you have. Businesses in this very young field are having s difficult time gauging the expansion needs vs the growth potential. That will all level out in time. I’ll just say they have a good footprint now.
The 2 pr’s last week should be viewed as net positive as they will be just that, but it’s the awareness that I find refreshing, mixed in with perhaps a little bit of learned wisdom from mistakes made.
And it fits with the laser focus statement they have been making since the start if the year.
Yes, there is and will be price compression as we have discussed for some time now. Yes, there will be a reduction in the number’s players in this field, were still a ways away from the old “kiss the competition’ move yet as there are nobody in any kind of position to run that game. In time, but not now.
Did TCNNF make some mistakes, yes, as it’s impossible to run a perfect business model without ramifications in this young sector. That’s ok, they are learning.
I like where the focus has been this year, now we still have, at some point, SAFE and then full legal, both will change the company numbers when they file those 10Q/10K’s. And I would think shortly after that a move to the big boards.
All in due time.
I’m not saying it has bottomed. I’m aware of the tech numbers as well. Like I said let see how it plays.
Like I mentioned, let's see how it plays.
Were going to disagree about 400, 500 a share. For now lets see how they manage the debt load. They just did a couple things in that regard.
It's ok, investing is not a team sport.
Buying all the way down? What! I mentioned I pulled all my bids that I had in the 5’s when this was sitting in the low 6’s.
As far as bleeding out, can’t be done, no worries there.
Now I see some one else stated buying at 2 later this year. Maybe, who’s to say. I suppose a person could say 1 dollar or 50 cents. Can’t rule it out. Another might say 5 ,10,15 or 20, Again who’s to say.
But for right now high 3’s works for me. Let’s see how it plays.
Kind regards
Somebody wants to sell me some in the 3's I won't say no. Thank you.
The Florida Division of Elections now lists more signatures than needed to place an adult-use cannabis referendum on the state's 2024 ballot, according to the state's website. However, several legal hurdles remain before the question formally goes before voters. As of Thursday, the Florida Division of Elections website listed 967,528 statewide signatures currently valid, compared to the 891,523 signatures needed to place it on the ballot. Statewide and congressional district signature totals are not official until the Florida Secretary of State issues a certificate of ballot position. To complicate matters, Florida Attorney General Ashely Moody on May 15 told the Florida Supreme Court that the proposed ballot "fails to meet the requirements" of the law and that she will present additional arguments in the future. The signature campaign has been led by Smart & Safe Florida, a group that has received financial support from Trulieve Cannabis Corp. , one of the largest medical cannabis companies in the Sunshine State. Other cannabis companies with a presence in the state include Verano Holdings Corp. , Curaleaf Holdings Inc. , Ayr Wellness Inc. and Green Thumb Industries Inc. , and Cresco Labs .
FYI- follow up - Trulieve Cannabis Corp. is laying off 128 people as part of its announced exit from Massachusetts, MJBizDaily reported. The Florida-based cannabis company is closing dispensaries in Framingham, Northampton and Worcester on June 30. A cultivation facility in Holyoke will shut down by the end of the year. A retail dispensary in Grover Beach, Calif., will also shut down. Trulieve CEO Kim Rivers said the moves reflect the company's effort to preserve cash "as we continue to focus on our business strategy of going deep in our core markets and jettisoning non-contributive assets." The company said it remains confident in its market position overall as well as the long-term prospects for the industry. Alliance Global Partners analyst Aaron Grey reiterated its buy rating on Trulieve and said the company's overall business remains on track. "While Trulieve may offer less geographic diversification than some other operators under coverage, its dominance in the Florida medical market and notable opportunity in the potential Florida adult-use market presents meaningful upside, in our view," Grey said. Trulieve stock is down 46.1% in 2023, compared to a 23% drop by the AdvisorShares Pure U.S. Cannabis ETF (MSOS).
Price compression everywhere. The new norm.
I agree, the only reason I use charts at all is to make money, other than that I really don't have a use for them
Interesting statement. So, I guess that means AAPL is a no, Amzn is a no, Msft is a no, Nvda is a no. Now I have to sell them all Friday, Googl is at 27, better watch it. Looks like banks are ok, and here I thought they would be risky, Tobacco companies appear to be fine, oil companies too. Yep, I’ll be all over that Friday morning. Thanks for your advice
FYI - This Medical Cannabis Giant Is Shutting Down Another CA Dispensary, Plans To Exit MA Market: Here's Why
12:06 pm ET June 1, 2023 (Benzinga) Print
Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) announced on Thursday plans to close the cannabis retail location in Grover Beach, California, as part of its initiative to preserve cash and improve financial performance.
Since mid-2022, Trulieve has undertaken proactive steps to rationalize cash and margin dilutive assets and streamline operations while reallocating resources toward attractive markets with long-term growth potential. Measures taken to date include the closure of select California retail assets, the exit of the Nevada wholesale market and idling of production capacity to match consumer demand across multiple markets.
The latest move follows the exit of select California retail assets last year in Palm Springs and Venice.
The Tallahassee, Florida-based company said it also plans to wind down its operations in Massachusetts, including shutting down retail locations in Framingham, Northampton and Worcester by the end of June. To that end, Trulieve expects to cease operations in the Bay State by the end of 2023.
"These difficult but necessary measures are part of ongoing efforts to bolster business resilience and our commitment to cash preservation as we continue to focus on our business strategy of going deep in our core markets and jettisoning non-contributive assets," Kim Rivers, the company's CEO, said. "We remain fully confident in our strategic position and the long-term prospects for the industry."
I can’t make that call. You maybe right but with the macro and the economy what it is, well, just not enough clarity for me.
It sure is, this company appears to have been left behind, missed out, failed to to do anything.
It's a sign alright.
OMG, LOL. Why in the world would you highlight another companies’ success in making it to phase 3.
Nothing to do with this company which is still sitting on their hands. One is in phase 3. This company hasn’t even started pretrial. That company doesn’t use CBD.
cVsi is 3 years away with nothing to say, just letting opportunities wash away while others are taking their shot. Pitiful management from any angle you look at. Well, except for those paychecks they get.
Well, comparisons, sure why not. Let’s go with the important one. One stock can lose 4 cents share. One stock can’t. Guess which one I'm still buying?
Is it too soon? I mean with only $621 in trades, with only 17 trades for 36 dollars each on avg. My thoughts only, open the market on this one once a month. At least for now, I know, I know what about those 600,000,000 shares they want to dilute with. Well at the current rate it would take 141 years [250 trading days a year, and that’s if all trades were the company ‘s diluted shares. Heck they will have all they can do just to make it thru this year. And who is going to buy 600,000,000 shares in a dead company. Come on now!
Well, a little over $600 in trades for the day. Clearly the impact of the bulls here is having an effect.
almost 4 1/2 in $593 in trades. Almost all are sells. But, the vol is coming up.
To be fair. This maybe a good 1 cent stock. Trade between 1 and 1 1/4 cent. At least till the diehards finally die out.
3hr in no trades the last hr. $200 for the day.
2hr in $200 in trades so far. 4 out of 5 were sells. Off and running.
And the band played on.
Running hot today. 1st hr already 50 dollars traded.
Nope, no partnership, sorry, pipe dream only.
Wrong again cVis doesn't sell "Medical Cannabis" in fact there stuff isn't even approved by the FDA.
Poor placement. 18th one down on that page. WOW
All is well, Just remember it can only lose a little less than 4 cents.
And the band played on . . . . . . for now
This company doesn't sell cannbis. Why post here?
You thinking late 24 or 25?
Yes, ever since the price compression. However nothing whatsoever to do with this company. This company collect goverment welfare money to stay in business. That money is now gone. Oh well !
BTW have you noticed the chart lately?
Well sounds good to me. Get that cleared out and we'll be fine.
Well, there you have it. Grave stone doji. That on roughly $770 in total trade.