Hope everyone has a great Christmas. We'll see if there is any follow through next week. I don't think it went up 14% based on news some lawyers were going to sue the govt. That would take a while to get through the courts most likely.

Yep. Love the LP.

Something happening here. What it is isn't exactly clear. What I do know is the stock is up .87 today at 2:18pm

UP .79 at 1:25 pm today.

So when was the last time you saw a CEO making millions take a pay cut when they faced layoffs. It don't happen very often. I commend your doing it with your employees, but it doesn't happen much.

Seems to me a lot easier way around the do nothing senate. Just have Biden's admin do it.

So now there is an additional 90million in the bank account. Where do they spend it ? I'm thinking a buyout somewhere.

I'm thinking they can pick up some licenses on the cheap pretty soon. Now that Safe did not pass, the smaller outfits have few options for funding or expansion. It will play out as consolidation and TCNNF can pick up assets at a discount.

Looks like a pretty good deal to me. I doubt that property and associated buildings cost TCNNF 71.5 million. The interest rate seems to be favorable also.


https://www.sec.gov/ix?doc=/Archives/edgar/data/0001754195/000119312522310046/d410972d8k.htm

From above.“We are pleased to announce this non-dilutive financing at industry leading terms, particularly given the current macroeconomic backdrop,” said Trulieve Chief Executive Officer, Kim Rivers. “This loan provides Trulieve greater flexibility as we focus on improving cash flow in 2023.”

Well. Others might be afraid of the market, but I bought more today. Couldn't pass up this low price.

I doubt your chart reading hurt you any. You took a gamble that the Senate wasn't going to pass Safe + and it worked out for you. We'll see what happens next..

It's only going to weed out the small outfits and keep competition from expanding. So it will have a dramatic affect on TCNNF competitors.

So without any legislation going forward IMO that puts the smaller companies at a real disadvantage in their ability to survive and presents opportunities for the larger MSO's to expand at a cheaper cost. Consolidation might be on the way.

https://www.tipranks.com/news/cannabis-stocks-sinks-on-exclusion-of-safe-banking-act-from-spending-bill

Charts do work for some companies. I don't think anyone can argue that all of the companies you referenced going down yesterday were influenced by charts. The whole sector was influenced by the news IMO that the senate was not including Safe or marijuana legislation in the Ominibus Bill. So now it's up to Biden and his admin to reschedule or do something via Executive Order. Total failure by Schumer and obstruction by repubs.

Re: GE_Jim post# 16191
Saturday, December 17, 2022 10:50:56 AM
Post# of 16213 Go
Basically you were trading on possibilities of SAFE going through and not going through. It’s that simple. Prove me wrong by giving me a prediction for mondays action.

Well, now Biden needs to use his executive pen to get some stuff done. He will know what congress will and won't put through, so no use waiting on congress to get any additional marijuana legislation done.

Marijuana Banking Bill Excluded From Year-End Spending Measure
Story by Jarrell Dillard and Erik Wasson • 1h ago
12

Keep voting for crazy a** repubs and that's what you get. They only want to control.

You'll need to be watching it closely. I'm watching to see where the dust settles. Seems to be a fair amount of external pressure to get something done, but who knows if that happens. It will IMO radically bump up the share price though if congress does approve something.

Yep. We'll see if they can pull anything out this week.

Trulieve
Dispensary Coming Soon!
8295 Sancus Blvd
Columbus, OH

https://www.marijuanamoment.net/bipartisan-lawmakers-urge-biden-to-back-marijuana-legalization-amid-administration-scheduling-review/

Democrat Senator Chuck Schumer (NY) will try his best over the weekend to add the popular cannabis banking bill into the omnibus package being debated in Congress.

Here’s the memo that makes a difference. https://www.politico.com/news/2022/12/16/schumer-cannabis-banking-bill-00074258

Schumer plans to push the bill with the other three House and Senate leaders in omnibus meetings on Friday and through the weekend.

So still a possibility.

Really heavy volume on Friday. With the possibly of passing something still on the table we could see some rise in price on Monday. If that possibility diminishes on Monday we’re headed lower. Without that news we’re in a stagnant mode until Friday. IMO

Basically you were trading on possibilities of SAFE going through and not going through. It’s that simple. Prove me wrong by giving me a prediction for mondays action.

None of my posts are investment advice. Pretty good sarcasm.

https://www.politico.com/news/2022/12/16/schumer-cannabis-banking-bill-00074258

Senate Banking Committee Chairman Sherrod Brown (D-OH) seemed to indicate that marijuana banking legislation will have to wait until 2023 instead of being included in the omnibus appropriations bill, saying that “there’s interest in the Republican House” in passing it next year. Meanwhile, Sen. Steve Daines (R-MT), who is a lead sponsor of the standalone SAFE Banking Act, said on Thursday that he is talking to leadership about using the omnibus as the vehicle to enact the legislation but that it will be “an uphill climb” to get an agreement on it.

Brown’s office later told Marijuana Moment that he “would support SAFE Plus in the omnibus bill” because it has provisions he backs, including “clarity for [community development financial institutions] and for cannabis workers regarding mortgages.”

At this point, it seems our illustrious leaders are getting close to not finding the rabbit in the hat. That won't bode well for any further increases in the stock price.

They can’t tell you because charts don’t work with this stock. We could see lower prices if congress/senate doesn’t pass something before year end. A number of those factors could come into play. Year end selling etc. I’m holding out for lower prices. Don’t know if it will happen, but standing by.

Pretty heavy volume today, too bad it was on the downside. Still waiting for those 5's.

Thanks for the info. I'm waiting on the 5's.

https://markets.businessinsider.com/news/stocks/trulieve-teams-up-with-connected-cannabis-alienlabs-1031974965

Well, you know things change and you have to adapt to those changes. The news and lack of favorable legislation has held this stock back. News was favorable a few months ago and right now we are at a who knows juncture. And I think it's silly that you don't post your chart projections, but they wouldn't motivate me to buy anyway, because they are historical, not predictive. I'm looking for 5's and I'm a buyer. If the senate can pass something you'll see how fast it rebounds.

We know that McConnell is firmly against it, but apparently there are other repubs that are for Safe. Let's see if Schumer can hobble together enough support. I look at it like maybe she thinks there is an opportunity and she didn't want to be wrong.

I'm watching for those 5's people are talking about. If it hits that mark I'm in for more.

Rep. Nancy Mace (R-SC) deleted a tweet in which she appeared to suggest that SAFE Banking won’t pass this year.

Found this in an article. Don't know if it means she thinks it has enough support or what. She is a republican that is definitely pro-marijuana from what I understand.

The House voted Wednesday evening to pass a stopgap bill to avert a government shutdown at the end of this week with funding currently set to expire on Friday at midnight.

The bill must now go to the Senate to be approved before it can go to President Joe Biden to be signed into law. The Senate could vote as soon as Thursday.

The stopgap measure will extend funding for another week – until Friday, December 23 – to give congressional negotiators time to finalize a broader, full-year government funding deal with new topline spending levels.

Don't know if Safe was included or not. Guess we'll see in a couple of days.

Not a problem. We each make choices. I would guess a lot of people are tired of waiting. I don't know if they are going to pass something or not.