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Pretty safe bet. "It could go sub 5, it could also get a “rip your face off” rally?"
I think we see a price between $2 and $50. :)
So basically without paying attention to the politics involved in the macro legalization effort then you must be relying on the fundamentals of the company to drive the price. While I think you can't ignore the fundamentals forever I do think that legislation would be the short term game changer. With the current market and no legislation I think you have to assume, if the market picks up so will TCNNF.
As you know, speculative stocks usually take the brunt of the downturn when the market reacts like it has. The story hasn't changed on TCNNF, adding dispensaries all the time in new markets. This market has yet to approach maturity. After the mid terms we will see some upward movement.
It has nothing to do with the story. S&P 500 falls to new low for 2022. This is what we're dealing with and the senate can't seem to get their act together. After the mid-terms I look for some legislation. Since I can't control the news cycle, we'll have to depend on the chart guys to give us a hint as to where we're headed.
TALLAHASSEE, Fla., Sept. 24, 2022 – Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the United States, today announced the grand opening of its newest West Virginia dispensary in Belle at 2700 Dupont Ave Suite 9. The Belle dispensary will open its doors on Sept. 24 at 10 a.m. EDT for patients, with ongoing hours of 10 a.m. to 8 p.m. from Monday through Saturday, and 10 a.m. to 6 p.m. on Sunday.
TALLAHASSEE, Fla., Sept. 24, 2022 – Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the United States, today announced the grand opening of its newest West Virginia dispensary in Milton at 5 Perry Morris Square. The Milton dispensary will open its doors on Sept. 24 at 10 a.m. EDT for patients, with ongoing hours of 10 a.m. to
8 p.m. from Monday through Saturday, and 10 a.m. to 6 p.m. on Sunday.
Two new dispensaries opened on the 24th in W. VA.
Just saw this. We'll see if they can get it done. https://www.marijuanamoment.net/booker-calls-for-end-to-marijuana-prohibition-to-solve-twin-crisis-of-ongoing-arrests-and-lack-of-banking-access-for-businesses/
The real news that would move the stock is news on legislation. While a news release here and there might be important for the story, as I've said, legislation is the key. The story continues and legislation will come by the end of 2022.
This fits in nicely with the hub concept. The story continues. https://sedar-filings-backup.thecse.com/00008577/2209211423190864.pdf
Trulieve expanding in CT. Gets approval for selling recreational and medical. https://www.courant.com/community/bristol/hc-news-bristol-hybrid-cannabis-marijuana-20220923-4uabrig2mzcf7c446jkmocr3zq-story.html
New dispensary opening in w. va. https://finance.yahoo.com/news/trulieve-opens-medical-cannabis-dispensary-115300232.html
Sources familiar with the state of negotiations over SAFE Plus have signaled that the bill drafting is fairly far along. Booker recently said that he expects the legislation to be introduced sometime after the November midterms, and Rep. Dave Joyce (R-OH) said he felt the timeline for a filing would likely fall between November and December, though nothing is set in stone. from an article of Marijuana Moment.
Until these jokers move the legislation along, I'm afraid we don't have much news to help with the price. The overall market is keeping the lid on speculative stocks like TCNNF. I believe we will see something drop right after the midterms. Democrats don't want to give Republicans a talking point and Republicans don't want to be called out for supporting legislation that might not jive with their constituents. At this point the market has heard "WOLF" too much and has adopted a wait and see posture.
So is the chart showing a bottom yet or will we not hear anything until after the stock goes up ? That's the safe play.
So I guess your charts show the big downturn in the overall market. You predicted the FED was going to raise rates and yada yada? Yawn. LOL. I have said and continue to say, this stock will respond to positive news and legislation. So far there hasn't been any.
Glad I didn't follow the sheep on DWAC at $175 now $15.60. I stuck with TCNNF and bought more. I think we see a bump up BTEOY. IMO we see some legislation BTEOY. What say yo' charts ?
The story hasn't changed on the company, still expanding into new markets and opening facilities. As you should know, the story does change on other news affecting the stock, such as the FED raising rates. News drives the price. The overall market is down because of the actions of the FED. It had nothing to do with any charting.
The Georgia Access to Medical Cannabis Commission has granted Trulieve Cannabis (OTCQX:TCNNF) a production license for medical marijuana.
The agency in July 2021 announced its intent to grant the license to the multi-state operator.
Trulieve (OTCQX:TCNNF) is constructing an indoor cultivation facility in Adel, Ga.
Initially, the company will have five medical cannabis dispensaries in the state.
The story hasn't changed, still building facilities.
Put in a buy order here. Please sell me some tomorrow. :)
I hope so. Otherwise we have dictator in charge.
I doubt it. But whatever.
It's easy to figure. Declining stock market, no legislation and speculative stock = lower prices. Increasing stock market, legislation and speculative stock = higher prices. Not hard to figure.The story hasn't changed.
Still chatter about Safe Banking. https://seekingalpha.com/news/3883125-democratic-lawmakers-turn-up-pressure-to-get-marijuana-banking-reform-passed
Analyst Zuanic holds an Investor Group Breakfast Meeting with CEO Rivers in Chicago on September 13 at 8:30 am hosted by Cantor Fitzgerald.
Thanks for the post. Glad to see they're expanding in AZ also.
Trulieve helping out with 2024 Florida initiative to get recreational on 2024 ballot. https://www.chronicleonline.com/news/local/news_notes/trulieve-adds-5-million-to-pot-initiative/article_de174165-a449-5697-b937-2166bdf3a799.html
Pretty much a dead board until some news comes out. Hang in there.
Definitely. For that and other reasons.
The reason it went to $50 was irrational exuberance. There was a belief that something would get done on the congressional/senatorial front to benefit MJ companies. That has yet to develop, but once it does I think you see a run up in the stock. Until then we will tread water. You won't see single digits as some have suggested. Positive news is your friend. Don't waste your time on charting with this one.
The Senate will return this week, so let's see if they propose any marijuana legislation. It would be a vote getter, but maybe the pharmaceutical companies have the senators in their pocket.
Thanks.
So how much cash was that?
It’s nice to be up substantially over the past few days, despite RSI, MA, double bottom or whatever, not predicting it. I’ll take the thousands added to my portfolio anytime. Long is my game plan.
I am a little ahead so far, having gotten in from the beginning and holding. Sorry for your lose. I like 50 better, but I’m holding.
Still here, just traveling some. Didn’t think the stock would move until legislation or something happens with the senate. As I keep saying news is king.