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Next week 1 Mar is earnings report.
Pretty soon the 52 week high will be 7 and the low will be 6. Range bound.
Bipartisan Governors Discuss Marijuana Legalization And Push Congress For Federal Banking Fix. Published 28 mins ago on February 22, 2023 By Kyle Jaeger Marijuana Moment.
Next week is earnings report.
Another possible positive story line. https://www.fool.com/investing/2023/02/20/2-cannabis-companies-poised-to-benefit-if-west-vir/
TCNNF is not a penny stock. I haven't been able to purchase for pennies. It is a multi-dollar stock that is heading higher.
I'd like to see $500, but to be realistic, that ain't going to happen unless legislation gets passed making it more favorable for US operators. I think we will see great end of year numbers, but so far that hasn't help drive the stock price. I think the only way to play this is long and picking up on dips.
I picked up more toward the lows and was waiting for the 5's, but I didn't think that would happen and so far it hasn't. Still watching.
Yep. Pretty much, steady as she goes. Some news, but no legislation which is what we need. Schumer and the others need to quit talking and do something.
As I've mentioned here on the HoldHigh board, the story is what is important to me and from what I'm seeing TCNNF is quickly taking advantage of opportunities. I reference the quick conversion of the CT dispensary to medical and recreational.
Huge increase in patients in FL: https://www.marijuanamoment.net/floridas-medical-marijuana-patient-count-grew-71-percent-in-the-past-two-years/
CT comes on line for recreational. https://www.bristolpress.com/news/after-much-debate-legalized-sale-of-cannabis-comes-to-bristol/article_22f1d1fc-aef2-11ed-b672-2f70917d725d.html
Maryland legalization: Existing medical cannabis dispensaries would be converted into dual licensees at the same time that legalization takes effect on July 1 if they’ve paid a fee. Glad TCNNF has operations in Maryland.
And Massachusetts: People ages 21 and older are allowed to purchase and use recreational marijuana in Massachusetts. When visiting a dispensary, buyers do not need to be a Massachusetts resident, but they must show an official government-issued ID.
So the story keeps getting better and the stock price will catch up at some point.
Onward.
I guess this a dead board until the stock hits 20.
I do think we are going to see some favorable legislation this year. https://www.marijuanamoment.net/biden-signs-equity-focused-executive-order-that-touts-marijuana-clemency-actions-calling-criminalization-a-failed-approach/
https://www.marijuanamoment.net/ten-reasons-to-be-bullish-on-safe-banking-op-ed/
The Brightfield Group recently released its “U.S. Cannabis Market Forecast” on Feb. 16, which presents data of comparisons from cannabis sales in 2022, and five-year sales projections between 2023 and 2028. According to the report, the cannabis industry is poised to reach more than $31.8 billion in annual sales by the end of this year, with a projected $50.7 billion by 2028.
Adult use sales begin in CT. https://finance.yahoo.com/news/trulieve-begin-adult-cannabis-sales-124300974.html
U.S. Senate Committee Approves Bipartisan Marijuana Research Bill Focused On Military Veterans With PTSD And Pain. Now we see what happens.
Trulieve Cannabis Corp. will begin selling adult-use cannabis products at its Bristol dispensary on Friday morning, according to the company.
So dual, medical and recreational.
Well, Well, Well.
Securities and Exchange Commission (SEC) Schedule 13G form is used to report a party's ownership of stock which exceeds 5% of a company's total stock issue. It basically just notifies stockholders who owns over 5%, no big deal.
Not that it will have significant impact, but just thought I'd provide the info.
https://finance.yahoo.com/news/trulieve-first-cannabis-company-launch-222300498.html
Well, well, well.
Pretty good move up today. I guess we'll find out something by tomorrow as to why the action. Not really great volume, but pressure higher.
Thanks for the positive comment.
I'm all for 100, 200 or 300. I think it will take several positive pieces of legislation to happen though. I think we'll see a couple of those pieces this year.
The VA Medicinal Cannabis Research Act, which is intended to mandate studies by the U.S. Department of Veterans Affairs (VA) to explore the therapeutic potential of cannabis for veterans with post-traumatic stress disorder (PTSD) and chronic pain, is on the agenda for a Senate Veterans’ Affairs Committee business meeting on Thursday.
Big money ? https://www.washingtontimes.com/news/2023/feb/12/because-cash-king-scotts-miracle-gro-presses-congr/
Two weeks until Earnings announcement.
Don't know what you're talking about.
I think we're headed higher from here.
From the 3rd quarter report. Based on our performance year to date and current trends, we are targeting the low end of 2022 guidance of $1.25 billion to $1.3 billion in revenue and $415 million to $450 million in Adjusted EBITDA.
We'll find out on 1 Mar. Power On
The Saturday and Sunday before last year’s (Super Bowl) championship match saw a 24% rise in cannabis sales versus the daily average for the rest of February, according to cannabis marketing platform springbig.
Good thing TCNNF is in AZ with 20 dispensaries. Rock on.
FL OMMU numbers week ending 10 Feb.
108,294,335 mgs THC
1,163,492 mgs Low THC
38,083.37 oz. smokeable
Better numbers than last week.
You never know what's going to happen day to day. I think we see great numbers from the next earnings report. I'm just looking for steady growth.
More companies wanting Safe Banking. https://www.washingtontimes.com/news/2023/feb/9/scotts-miracle-gro-catches-cannabis-fever-lobbies-/
Decided to pick up some more shares this morning.
Seems Mar 1 is pretty early for the earnings report. I'm thinking maybe they are getting it out sooner than prior years to help lift the stock price. Generally they have reported near the end of the month in Mar. Just a SWAJ.
TALLAHASSEE, Fla., Feb. 9, 2023 /PRNewswire/ -- Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the U.S., will hold a conference call on Wednesday, March 1, 2023 at 8:30 AM Eastern Time following the release of its fourth quarter and full year 2022 financial results.